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And on the flip side to all of that is the need for Slovenia to appear open and condusive to foreign investment.
I don't disagree with your comments and I'm trapped in here facing an 80% loss like a few others and I'm not blind to what has gone on previously but anything is possible.
Are people here really that dumb? The quickest way for AST to gain revenue and avoid further placings is through permits & production at Petis?ovci. Permits awarded will also boost the share proce significantly and thet is because the proven asset is there.
Anything else is start from complete scratch and to do that will require further fund raises with no guarantees of anything at the end of it.
Politcal situations can change and can change things very quickly. Maybe, just maybe the new board at AST can take the relationship forward with Slovenia and kick start the project. It certainly seems worth a try to the board and it will be interesting to see what happens between now and Xmas.
One of the long term guys will correct Me if I'm wrong and this might be a bit simplified, but as I understood it Ascent wanted to stimulate the wells using the same processes and in line with historical methods but were blocked by having to go through an additional enviromental assesment even though they had already met a previous one. Partl of the who ha were the protesters accusing Ascent of going to be fracking when they were not going to.
So, if the additional assesment requirement is done away with and Ascent are allowed to stimulate as they imtemded to them its a big deal.
I may be wrong but thats how I hnderstood it.
Maybe Ascent got the heqds up the rukes were going to be relaxed and hence hekd back on any legal action. Pressing on regardless with legal action would have soured an relationship with the Country/Government.
Better to let the law changes play out and see what opportunities that opens up.
I invested My money because of the proven asset in Slovenia. I would never have invesed in Ascent without that asset being there and I certainly would not have invested in a Cuba operation. Therefore, if they just 'walked away' from Slovenia without even legal action then I'd be extremely annoyed.
'The Moon' pmsl .. now that is one of the funniest things I've seen on here !! :-)
I visualise the old Keystone Cops when I think of the Ascent board. I mean the funding for legal assistance in its self was a total joke.
Still, someone will probably make a pile before this goes down.