This is where Colin is vague to his advantage. There should be a project plan, leadtime to commission and testing, and date for productionisation.
That lil fishing trip was proof of how much this share is manipulated but also how many buyers are waiting in the wings.....imho
MMs trying to collect shares. Let’s see if the new ARSO head confirmed today, that’s step 1.
The AGM resolutions if there isn’t one on directors renumeration or directors re election then we need to get them added on...
This year he will take as much out as possible if he feels the gravy train is coming to an end....
Share Based Payment Expense - read the accounts for renumeration, claiming that the BOD reduced the expenditure, the base salary was reduced slightly, bonuses were reduced, but the share based expenses increased massively....
So who will pledge shares for a resolution to be added around BOD renumeration? Colin took a total of 360k, when the company was having to dilute further and further just to keep the lights on. He allegedly went on half salary to help costs, yet his salary increased from last year to this year. How many more lies before we wake up and say enough is enough. Even dick Turpin wore a mask, Colin just doesn’t care and will continue to dilute to protect his salary, so stop moaning and pledge shares to support for a resolution on renumeration.
Colin is a bean counter at heart and the way he has massaged the books is amazing. He will probably get saved by the well re-entry permits being granted, the new ARSO head will be announced this week and press speculation is she will support the Petisovci fiend development, mainly as she is logical and will follow the advice of experts, but let’s see. If the well re entry permits are granted and a spike occurs most LTH will manage to get out and be replaced by new victims, will be different scenario at that point and all around funding for field development, I don’t think colon will allow the asset to be sold quite simply why would he when he’s earning 360k a year.
Compression Equipment “In May we plan to conclude a contract for the purchase of the required compression equipment which should improve production from both wells and significantly extend the useful life of the current completions prior to any future re-stimulation.“ So we should get some Value from the colonZ
Buys being put through as sells again today. The joys of AIM.
I do believe in the asset, just the **** poor management previously. Hopefully now with John on board the first sign will be increased revenue from the wells via the compressor technology, the leadtime and install should be confirmed this month as per the AGM info...,.
I have said before I am in too deep and have no doubt though can get out on a spike here, going forward though if I do get out of this mess, never again where the BOD don’t have skin in the game. I’m honest no games, was suckered in by the bs colon came out with originally, I even stuck up for him at the start, but now I see him for the leach he is.....
Hope you are right Eileen. God knows we need some good news. https://twitter.com/StrankaSMC/status/1127966167753285632?s=20 Tweet from the new environment minister We must be bold enough in environmental projects: not only European and some state funds, but projects should also attract private capital.
Sells being reported as buys. I have made two top ups today and both showing as sells. Roll on Wednesday and Thursday, head of ARSO sorted, then next permit approval. Don’t think this week, will be next week.,,,,
This share defies belief. Any good news is badly received, if the wells had blown up then we would be in double figures.... :-)
Who’s still selling? I don’t get it with the potential news why sell when it’s on the floor anyways....
Like to see 15% to 20% rise each day till news ... but this is the AST dog...,
Sells still trickling through. Someone is trying their best to make sure the SP stays in the gutter. Checked the short tracker though and no shorts... all strange
I just don’t like colin and the way he behaves, the asset I have always believed in and was sure this would recover hence why I continually averaged down, however is hard to be positive when the snake is destroying the company imho. The lesson I learnt from AST was don’t ever buy into a company where the BOD don’t hold a significant number of shares. Roll on 1p by end of week. There I said it.... :-)
Share price got decimated when lemon leaked his intentions via the media rather than formally to the company, funny how when it’s the other way round the SP doesn’t recover, with the IPPC in place and the appeal on the well re entry expected answer by end of the month we should be consolidated at 1p by now in anticipation. I would rather a gradual rise now rather than the steep spike which can’t be supported and only benefits the traders....