RE: Reg ?25 Oct 2018 11:38
Emailed Colin let’s see if he replies with more than imminent
Good morning Colin,
Hope you are well and appreciate you will be inundated with enquiries from concerned shareholders, I would like to raise a concern that was posted on one of the discussion boards this morning-
Ref funding position - what was actually agreed was that any future dilution needed shareholder approval, think that uncertainty is still there and why the market is cautious, a good update on current position by CH is needed soon and clear no smoke and mirrors-
1. Status of SR- even if it’s that the offers will be conditional on permits
2. Permits for additional wells / re entry of wells status
2. Permit IPPC update
3. Most importantly cash outlook for next 6 months, will costs be covered by the wells performance or do we have a shortfall, how will this shortfall be addressed, if dilution is required that engagement should be now, not 5 minutes before additional funds are required.
What are your thoughts on this? Think everyone is very nervous as all eggs are in one basket for the permits, however what is the view for keeping AST afloat in the interim???
Regards,
Investor