Member Info for lejjb

302034 shares at 5.75p...

500,000 shares bought at 16:12:57 - somebody is confident that Tids won't muck things up!

Photos on Twitter, people getting all worked up...

Brockster - I can get advice from company lawyers (I’m a lawyer myself, though not company law.) and I was seriously considering calling for an EGM to get Colin’s remuneration changed to be largely in options vs fully in cash. However, I decided against it as I didn’t think it would make much difference for the company, maybe buy us 2-3 more months max at the current rate of (guesstimated) cash burn... while undermining Ascent’s position in Slovenia.

Thanks for your wishes gents, I’m impressed by your class.

Thanks Stockdale.
CH knows well about these points, he has received several (succinct and polite) communications since last year along similar lines.
And please remember that moving into Croatia requires more money...
All the best of luck to you in any case.

Jester16 - it’s convenient that I now have a rigorous trading strategy with well researched shares instead of going after “rainbows” then.

I have now sold my substantial holdings, at a massive loss.

My main problem right now is that the BoD still has a softy-softy approach while Arso has clearly demonstrated that it is not afraid of breaking the law - whether it's due to its staff, undue external influence, or a mix of both.

I'd have expected that a firm ultimatum (i.e. "respond to our appeal within exactly two months or legal actions will be filed straight after those two months") would have been issued with the appeal after everything that's happened. And yet, 5 months after legal action was first mentioned by RNS (30 Oct 2018 IIRC), the legal options are still being explored.

And what about litigation finance? It not being mentioned makes me think that Ascent still has not found a willing lender.

In the meantime, the gas pressure is decreasing fast - who knows what will be the income for March and April, considering it went from EURO 70k to 44k between January and February (somebody correct me if I'm wrong).

And we have been told it takes months (and EURO 600k) to order and install compression equipment.

I might come back if it's clear the permits are coming, but for now I'm working hard at recouping my losses in other places.

Good luck to existing holders.

Where do you get 5.76 as being (or having been) a resistance?...

Be careful, the technicals and news status suggests that it will not go up in the short term. There are other shares that appear more likely to rise in the short term.

Cross promotion is not allowed on LSE.co.uk but check the posting history of other users that you respect as a starting point for more research...

65k more shares, confidence has returned.

They published a pretty detailed timetable: that’s confidence!

Didn't JL get an old job back in an energy business now that he is out of government?

If so, that wouldn't surprise me if he advocated the closure of a plant in a way that would bring his employer more business (e.g. energy selling / distribution from abroad into Slovenia?...).

No it isn't, please be realistic - it's not down 90% for anyone.

Glad to read that!

I’d watch out with NUOG if I were you. I really think it’s 60% con 40% genuine.

One of the tricks to keep PIs hooked has been to add agreements with new big names, agreements that stand out with their total lack of specifics, ie no binding actual commitments from those big names. It’s been going on for years.
Compare the Siemens (this year) and the Aker (Dec 2017 / Jan 2018) agreements to see for yourself.

It also used to make PIs “insiders” so they could be fed fantasy promises that they would then leak onto the market.

The company effectively assured people its next placing would be with an open offer to PIs, and effectively it broke its promise.

Hi ma5k
Would you be OK to do an Angus / ANGS chart for the SAM board please?...
Many thanks.

Well, they have paid back the first £1.5m with the placing and had around £700k leftover from that placing on 15 Feb 2019.

So they can still borrow the £1.5m again (I didn't see if (and if so, when) the second half, i.e. other £1.5m of that total 3m financing, has been drawn...), no?

Your first sentence presumes that the 1.5m has already been spent?...

Thanks for the response, but I'm not convinced by that argument as they've made a few hundred thousand pounds from the placing a few (weeks?) ago and they have already done a fair bit of work with Brockham...

Anyone else?