Member Info for pawnsacrifice

Think that what with partner issues, Gov dictats and covid hampering them the last few years they've done extraordinarily well just to stay in business let alone being in the position of now getting backpay, with regular payments to come and a €500m no win no fee claim going through for breach of contract with the gov.
I call that quite the result even more so given the paltry market cap the co. presently enjoys.
Maybe we'll have to agree to differ.

Are they doing so bad in slovenia after receiving back pay now getting paid regularly..

"Ascent Resources Plc (LON: AST), the onshore Hispanic America and European focussed energy and natural resources company, is pleased to announce receipt of the first cash payment from its Slovenian partner following the recently announced agreement on revenue recognition.

As announced on 2 August, the Company and its JV partner agreed Ascent's entitlement to 90% of the hydrocarbon production revenues from the PG-10 and PG-11A wells for the period of April 2020 through to June 2022. The Company's 100% owned subsidiary, Ascent Slovenia Limited, has received the first net cash payment of €650,560 in relation to production from April 2020 through to December 2021 (the "First Period"). This net payment is calculated as €832,168 in revenue for the First Period, less €180,607 of JV costs relating to historic concession and legal fees. The second and final payment relating to the 2022 hydrocarbon revenues, totalling a further net cash payment of €857,617 to Ascent, is expected to follow shortly.

Sounds like placing talk at PANR too then imo.

Thanks eddie will do.

No permit still? Thought they were just waiting for someone to come back from holiday?

Further to the announcement made on the 1st of August ‘22, the Molybdenum flotation circuit is now producing molybdenum concentrate at the Baita Plai process plant.
https://twitter.com/vast_resources/status/1559887084952981504

The high turnover's not that surprising imho. Think there was quite a backlog of traders wanting in on this drill but waiting on the placing. Sorry if not a popular comment for those already holding but pretty sure from today's volume its so.
A lot of us were in for the last drill and have been patiently waiting for this opportunity.
On the bright side pretty sure that means a fairly quick recovery in the sp and then they're funded so game on now.

So not slovaks then slovenians. Lets just hope they're not slow payers

Completely agree GRH...and its got nothing to do with having bought in this morning. lol

Marketcap doesn't seem to have run away with itself here though even after today.
350m shares in issue after the placing so I have £21m cap at this 6p?
Not so dear to play the drill presuming gas prices stay elevated?

Thanks for the link, quite enlightening. Had thought the €500m was a high figure they'd put in to pressure the slovaks into coming to the table. Might still be true but noted in the interview they came to that figure using a gas price 50% below today's level.
Think myself the new gov should read the legal pack they've been handed and parly.

vast saying all the right things on Tajik national T.V.
https://www.youtube.com/watch?v=qKHfhQUpVAc

Sorry for your losses here pinguser5 but can't see an issue with the timing of todays news? Seems to be part of a process.
Slovenia lawmakers look a bit slimy delaying it all by asking for patience for an amicable settlement they had no intention of honouring but that's all I can find negative on it so far.

From the finals..
"The year started with the Company continuing to remain engaged in direct negotiations with the State Attorney's Office of the Republic of Slovenia in relation to pre-arbitration settlement discussions, following the Company having received a response in Q4 2020 to its Notice of Dispute to the Republic of Slovenia dated 23 July 2020. The Company entered into these discussions in good faith with a view to potentially settling the Company's claim in an amicable manner in the short term. In February 2021, the Company announced that the Republic of Slovenia had notified the Company that it shall be in a position to respond formally to the proposed settlement terms by the 19 March 2021 and Slovenia accordingly requested that the Company did not initiate any arbitration proceedings before such date to which the Company agreed. On 19 March 2021, the Company announced receipt of a further letter from the Republic of Slovenia claiming that an amicable settlement was not achievable.

On 8 November 2021, the Company announced the signature a binding damages-based agreement with Enyo Law LLP, a specialist arbitration and litigation legal firm who had previously filed the Notice of Dispute and represented the Company in the pre-arbitration negotiations, to commence proceedings against the Republic of Slovenia under the Energy Charter Treaty and the UK-Slovenia Bilateral Investment Treaty. In May 2022 the 'no win-no fee' style arrangement completed and allows the Company to securely initiate arbitration proceedings against the Republic of Slovenia under the ECT and BIT. Enyo are funding the payment of advanced disbursements which are expected to be incurred in the pursuit of the claim, and these disbursements along with the time of Enyo's lawyers will only be paid out of the proceeds of the arbitration in the event of a successful damages award or execution of a binding settlement agreement (if achieved sooner)."
https://www.investegate.co.uk/ascent-resources-plc--ast-/rns/final-results/202206300945098088Q/

Liking the no win no fee situation and wondering if Slovenia will cave?

Sounds interesting, was mentioned in the proactive interview but stated in the chat with zak it has precious metals from 40 years of storage?

Good interview imo. Comes across very determined and likely to fight hard for his case. Hope they win big.

Yes if you like. I was making the maths easy but still just under 42ozs/month and if they pull 1.55g/T average rather than 1.5g they've made it right back up so not crucial to be spot on at this stage imo.

Doesn't look too bad as a revenue stream for vast given their low marketcap anyway.
If you take the silver as 30g for an ounce they're due 857 oz's/month.
1.5g/tonne gold gives them c. 43 oz's/month gold too if my maths is correct (12.25% of 10,500 g's divided by 30 for oz's)

"Under the agreement, the mine is to produce approximately 7,000 tonnes per month of ore containing no less than 1.5-2% lead, 1.2-1.4% zinc and 27% fluoride of which two months production has been stockpiled on site ready for processing to commence in mid-2022. It is for note that it is reported that historically the mine contained 30g/t silver and 1-2g/t gold in situ."
https://www.vastplc.com/operations/tajikistan/

Hard to foresee quite the hammering this one got this year imo.
With them being under 10p on the offer now it seems more instinctual to look for opps from growth in sales than to be negative over a possible funding shortfall so wanted to say thanks for the posts below as sniffing around for a position before the Sept update and the opinions here have been most useful.

So you joined yesterday just to knock eaas. must be a decent co.then I guess for that sort of effort.

As predicted the coal ban comes in tomorrow. EU states its €8B worth so no chump change for the international coal market.
Predicting the demise of predictable Russian gas supplies too..
https://www.republicworld.com/world-news/russia-ukraine-crisis/eu-announces-embargo-on-russian-coal-purchases-to-come-into-effect-from-august-10-articleshow.html