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I was reading an article yesterday in a Sunday Newspaper written by a once ex Cabinet Minister who has run for years a leading publishing company. In the article he states that if a business is not performing over a couple of years then the answer lies with the quality of leadership and management.

Only in the world of AIM can characters like Parsons and Dennan succeed! Their names should be put in front of every financial journalist in the country to investigate why they can work in several part time roles, paying quite frankly ridiculous salaries for Accountants and in my opinion posting statements aimed at investors which clearly do not reflect the truth on how the company is performing as well as opportunities for growth.

To date both Dennan & Parsons have contributed absolutely nothing in terms of a return on investment for investors. They have merely diluted and prolonged any actual tangible results in order to draw their extortionate wages! It is obvious at present why they choose not to get into dialogue with investors & I am sure that the AGM will once again be stage managed to avoid answering any difficult questions.

My appeal to them as before would be to move on as quickly as possible. They are merely a self elected burden on the company and I challenge them that the business could recruit a new BOD on a 1/3 of their wages who would actually be interested on taking the business forward instead of misleading people that they are acting in the interests of investors.

Gentleman, I would not touch another business you to are involved in with a barge pole!! If you wish to argue then my investment is 82% down since you came on board.

A disgrace which should be echoed to show what a farce the AIM sector actually is!!!

All in my opinion but I doubt you could find anyone to disagree!!!

I have asked this before without getting a definitive answer...

Who at Ascent Resources (or parent company) actually makes the decision to appoint people like Andrew Dennan and James Parsons? Neither actually have any pedigree and apart from continually restructuring the finances of the business, they do not actually achieve anything!!

Look at the shambles Parsons left behind at Sound Energy. Look at the state of every AIM business he is involved in! Who actually decides that it is a good idea to employ these people? Investors are continually given a positive spin on things when in reality, the BOD's only real motivation is to keep the salaries coming in.

Without doubt, in any other sector people like these would just not be employed or would've been dismissed long ago.

Just what is happening in Slovenia?

Just what is happening with AST's Metals strategy?

These guys should be highlighted in the financial press because you really couldn't make it up what is going on here.

AIMHO

I have watched some of his Sound Energy interviews on YouTube and there is a lot of big words and waving hands around but when you really look into it, you can see there is no substance to anything Mr Parsons says.

He really sums up what AIM is all about... for anyone that disagrees - look how he has left Sound Energy and there is also Echo Energy/Coro Energy/Corcel... all the same as Ascent Resources. Virtually nothing achieved but spouting rubbish and the share price of them all speaks volumes!!!

The share price reacts accordingly...

Parsons & Dennan....

Chancer & joker has the same meaning!!

Only in AIM sector would they have credibility ....say no more!!

A phone call...only with my Legal Representative present!!!

I wonder if we could have an update on...

The ongoing stuck tool that was scheduled to be removed from a well months ago.

AST's metal strategy that they have been working on for 2 years.

The role of Malcolm Graeme Wood

The role of any of the Directors.

Why such a large Board of Directors when they work on a part time basis.

A comment on overseeing a 90% fall in share performance.

Why do AST have so many Accountants instead of technical people considering the nature of business.

Why are the BOD's salaries so extremely high considering the limited income of the company.

The ongoing reassuredness that the BOD are acting in the interests of investors.

Anything guys...us long term holders just want our investment back and to move on. I personally accept that in my opinion I have been misled from day 1. Just what is happening...

You contact the company as I did 2 years ago & are offered a phone conversation...to discuss what exactly? These guys are very good at constantly refuelling a vehicle on a road to nowhere to suit themselves!

They are doing everything in their power!!!

The shocking performance of the current BOD continues. I accept that certain legal proceedings are beyond their control but what exactly is happening with AST Metals strategy???

AIM the world of overpayment and underperformance!!No wonder James Parsons and Andrew Dennan tend to specialise in it!!

Move on guys and get somebody in who genuinely wants to reward shareholders instead of themselves!! Any publicity would embarass the pair of you!!

In my opinion this company continues to be abused by specialists who border on legal corruption!!! If in doubt, check out any other business they are invested in!

The one share that would actually see progress if the BOD moved on!!!

It's all going swimmingly for the BOD...a little hype regarding Slovenia but no progress. Don't stress though we have a magnificent Metals strategy in Cuba!!! All the while milking those extortionate part time salaries!!! Any other business this would be considered illegal. To quote RNS last year, Andrew Dennan the BOD expects to reward investors with positive news very soon in the first quarter. Typical AIM. The BOD clearly have their finger on the pulse. This isn't an investment its a sham!! Embarassing how LSE and the authorities choose to look the other way!!

Typical LSE/AIM company.

Board of Directors earning obscene wages while maintaining a lifestyle. If they had any sympathy for real investors they would act accordingly.

But hey they need to keep spinning a line to maintain the lifestyle. In any other business such share price performance would see the Board dismissed. LSE site is full of this and it is in their interest that it carries on!!

Where else could you award Directors for a bonus on a failing company??

The whole AIM market and all those involved in it should be investigated and shown the consequences.

This sector isn't an investment it is a sham!!!

Anyone who disagrees show me the evidence? As investors we follow the Board's words and act upon them. What a joke LSE is as well as the whole AIM market!!! Any argument just look at the renumeration of those in charge!!

Every excuse in the world apart from their lack of judgementBut

As a shareholder I fear any income will just be frittered away by the current Board of Directors and investors will see none of it whatever happens. AIM is full of this - obscene salaries, top heavy Boards & crap share price performance!!!

James Parsons and Andrew Dennan move on please. We can all see right through your motives. Hand on the reigns to someone who actually wants to take the business forward and reward investors for their patience!!!

Metals strategy?? Just one example!!!

In an RNS towards the end of last year Andrew Denham appeared to give the impression that shareholders would be updated with positive progress early in 2023. Once again nothing has transpired! Anybody can see that the Directors are just sitting on their hands watching the salary role in.

One example...since being appointed what exactly has been the role of Malcolm Graham Woode??? Why have a large Board of Directors when they are all mates of the CEO and the day to day activities of the business are so non existent that they can justify part time roles.
Meanwhile both the authorities and indeed LSE appear to support this and look the other way!!!!

Yet another awesome update to justify the over inflated BOD's salaries for another couple of months!!! Could we for at least once, have an update on some genuine, tangible progress in any part of the business??? The share price is a true reflection of the BOD's lack of progress anywhere.
Parsons earning £600k per annum for several part time roles...you see my point!!!

At least the discussion about Slovenia takes the spotlight away from the Cuban debacle!!! I wonder why no progress is being made on that either!!!!!

We'll all be dead by old age by the time this BOD come up with anything. James Parsons and his mates! Don't just look here look at every company he is associated with!!!

I'm sure if we receive positive news then any gains will be hoovered up by the Executives - I should never have come anywhere near this sham!!!

All well and good but I do not trust this BOD at all...

The share price would increase overnight if the BOD announced that they were departing and the wage bill/expenses would make the balance sheet look better.

Let AST get some real industry experts in who genuinely want to take the business forward!!!

Wouldn't fancy my chances on a lifeboat with Mr Parsons in charge of the rations!!!!

Obvious what is going on here but this is the nature of AIM and the authorities continue to turn a blind eye....

Another addition to the Board....just what AST needs.

Begs the question - when will this company produce anything of substance instead of pipe dreams to pay salaries!!!!

Yes it's just all words and endlessly kicking the can down the road. Since they have been appointed, they have achieved nothing tangible. RNS in December suggested material progress with arbitration early in New Year but once again just words.
The new Metals strategy has consisted of implementing a bonus structure.

The company email should be bombarded with messages from investors! This crew should be shown up for what they are! The only updates we ever receive are confirmation of BOD bonus structure or a new addition to the Board.

It is appalling!!

PetTrader,
Does this meant that the Board of Directors are misleading investors to suit themselves???