Member Info for Monarch

That includes you as you are down on your investment as well, right? You must have done a ton of research and still fell for the BOD's, let's call them other than, lies. Monarch

Alright Rosewall, no questions to be prepared at all then. Because, you know, SOMETHING could happen... Monarch

Hi everybody, i want to make sure we are prepared for the AGM and get the most out of it, so here below are my questions which i want to ask at the AGM. Maybe we can pull a list together to make sure we get the most out of the time with the BOD and eliminate ambiguous questions which could result in superficial answers. 1. When can we expect to hear about the renewal of the deal with INA to supply gas to Croatia? 2. By when does AST expect to know about their renewal of their license of the field? 3. What are the key points to get a renewal of the license? 4. What would be the key points to not receive a renewal of the license? 5. How far in advance are those licenses normally renewed? 6. What other revenue streams (beyond INA, condensate) the BOD are working on? 7. What are the BOD's expectation on the length of the SR? By when will it be closed and under what circumstances? 8. Will there be any claw back of money to the service provider originally having lost the tool in the well, causing the work over? If so, what is the expected amount? If not, why not? 9. How many people are currently employed by AST plc and by AST Slovenia? This is to understand overheads. 10. If SR concluded by then, can you please share detailed feedback of the findings about the field (e.g. confirmations of reservoir size) from the interested parties? Monarch

Both a NO from me. If raising cash through dilution is the only way for the BOD of a producing asset in Europe, the BOD is either not trying hard enough for shareholders or there is something wrong with the company/ asset. They are not getting paid the big bucks for proposing dilution...my 3 year old can do that for 10 bucks a month. Monarch

coincidence? I have my tin hat on for the weekend Monarch

Joeman, could you please let me know how you arrived at your numbers? What is the 40M? The payback on the developing costs? I didn't include that in my calculation because numbers were anyway very rough and depending if it's a JV or TO of AST Slovenia, would change. Does my breakdown otherwise makes sense? Really just playing with numbers on the back of a cigarette pack but it's normally 80% there...before the finance and tax guys jump in. ;-) Monarch

Gee, is CH useless...can't even tell good stories Monarch

FX, thanks for sharing. You got to laugh at CH's analogy about the car speed. However, just for the fun of it, i will play along and add to the analogy. So my car can do a 130 but the average speed is around 30-40. Get it. But here i have the case where if my car is not going above the average speed, i will miss an important appointment which could have a huge implication (not just the INA penalty but also shareholder trust) if i don't go a little faster which is clearly possible given that i can go up to 130 if needed even if there MIGHT be some long term damages to my car. Long term damages that MIGHT occur or not if i go just a little above the average for a short period of time in order to get to my appointment on time. If i would have that car and i have a short term obligation to meet, i know i would hit the pedal... Monarch

parkeg1, i think that is actually what people refer to when they say TO. After all, AST plc has no value in itself (at least from an asset stand point), so any company is just looking at AST Slovenia anyway. Having 75% (right?) of that asset under AST Slovenia, any potential bidder is looking to get a stake (or all) of that which CH says "has a NPV10 of 200M to the JV" therefore 150M to AST Slovenia. At least this is my interpretation of it. So 50% of that 150M would be 75M and therefore nobody would pay 75M just to get 75M back, however if you would pay 50M and all further development cost would remain with AST plc, that would make it a positive business case, i guess. Somebody needs to check my assumptions here... :-) Monarch

...and quite frankly speaking i wouldn't accept 25M for 50%. That was just to keep the trolls away... ;-) Monarch

Well, i wouldn't spit on �25M cash and still having a percentage into the future earnings considering that we are currently sitting at Mcap if �20M. Monarch

Neebaj, a JV in which the partner takes a, let's say, 50% stake in AST Slovenia for �25M cash (peanuts) would value AST plc immediately higher while having cash to explore the field and go after new acquisitions. Unrealistic? Monarch

Hi Downsey, FX, my view (and my view only) is that CH needs to remain in his role as long as the SR is ongoing. Any subtraction while being in that process would just slow down the whole process. That being said, i would definitely vote for a change if the SR will bring no improvement to the sp. I find it quite saying when CH refers to the positive impact he had since being appointed...i actually still need to check, but from a Mcap point of view (which is what is important to shareholders), i don't think he added a lot since being appointed. Sure, we are producing and are debt free...but we are also sitting on an asset which can not be further developed due to missing cash and shareholders (including myself) not wanting to get further diluted. I firmly believe the SR will be positive, after all AST has an asset which is worth to develop further and make it a cash cow. At least, this is what CH keeps on telling us. I'm suspicious though...i'm still concerned that the asset has some underlying issues which we were not made aware of yet. Maybe we will find out as an outcome of the SR... I still believe but CH's incapability "i don't know why the sp is so low" is just mind boggling to me. There has to be more to it, either CH being in the known or just plain ignorant. Here is hope... Monarch

...this must be one of the lowest volume days ever in AST. Everybody seems to just be waiting for that red dot. Exciting times...one way or the other! :-) Monarch

westie, merely replying to blueblood and his opinion by providing other opinions. Certainly not "in the know" or anything Monarch

RTN, one day you will understand, one day... Monarch

RTN, we are just adjusting our level to yours... regardless how intelligent you perceive yourself Monarch

blueblood, thanks for sharing your opinion... I have a friend, he says Cloud Cuckoo Land starts above 5p... Oh, and another friend says it will be 3.92p but he wasn't sure yet if it will be a JV or TO Monarch

RTN, your post from 11.11am "that means massive dilution whilst taking a very long time to do anything". Your words, not mine. Any difference between "massive dilution" and "possible dilution? Ups... Monarch

RTN, has been wrong before, will be wrong again...circle of life... it's just not valid for him Monarch