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Strange how Mr Parsons/Mr Dennan despite their alledged expertise have chosen to focus on the AIM sector where there is less regulation and loopholes which create opportunities to earn vast sums of money without making any progress!

Slovenia apparently delays are due to the legal process??? Cuba??? Yes what exactly are the delays with this??? Who on the BOD actually cares about making progress if you're getting paid handsomely in the meantime!!!

AIM is full of these characters. AIMHO

Bet it will be a while before this Board of Directors have the nerve to hold another investors forum! It would be embarrassing to say the least when they had to highlight any progress anywhere!!!!

I agree it is a disgrace and everyone can see it for what it is!!

I have appealed previously for investors to file their complaint to Ascent directly via email and also to write to financial journals demanding action as in my opinion this is nothing but misleading investors!!

In those 2 years look at what Parsons and Dennan have personally drawn in salary. Also look at the shares that they have personally purchased and calculate that as a percentage of what they have earned.

Look at how the share price has performed in that time as a direct result of their activity.
Next look at how long it has taken to arrange legal action against the Slovenian authorities.
Finally look at how much progress has been made to Ascent's project in Cuba and what tangible results have been generated.

A BOD overpaid and in part time roles. That speaks volumes for their regard for personal investors and really demonstrates where their loyalties lie!!!

Wonder if Ascent Resources are capable of employing somebody to actually develop the company instead of simply bleeding it dry!!!!

I know how I would be reducing debt... by tow punting this whole Board of Schmoozers down the road!!! Why can't AST employ somebody full time on a third of the salary. Yet another Director, I understand with previous experience at Sound Energy!!! For any doubters, look at the performance of Sound Energy under James Parsons - furthermore go on Youtube and watch his interviews while at Sound, giving the impression that something was actually been achieved. Oh and bye the way...the interviewer was often Malcolm Graham Woode!!! What a sham this is! The only drain on this business is the Directors. The only progress in Cuba has been an RNS informing investors of the BOD's bonus structure!!!

Only in this sector, could people turn a blind eye to events! Look at what these Directors are being paid in their various roles at several companies. Since being at AST, they have achieved absolutely nothing - just like the previous BOD.

Dennan, Parsons please go - if you were football managers or in any FTSE business then you would have been turfed out long ago!!!

Unfortunately the AIM industry as a whole tends to operate like this. These characters just make the right noises to keep raising funds, but they're not actually producing anything. The longer it goes on then the more salary they can extract.

This BOD should be out on their ears as they have offered nothing. The BOD before them were the same. All they are doing is hoodwinking investors while the regulators/journalists everyone turn a blind eye.

Nothing has been achieved by this company for years and with this BOD in charge. nothing will change. My earlier post contained an email address and I suggest investors should make their feelings known!!

Goza172,

You can contact either James Parsons or Andrew Dennan via email at info3@ascentresources.co.uk.
If you are polite then you will get a response. I did and both offered a telephone discussion - however, I replied saying that I saw little point in doing this and instead challenged them to make some progress.

I know James Parsons has been overseas conducting business for one of his other businesses. I have virtually given up on this share. It is fairly obvious that the oversized Management team is made up mainly of Accountants so that should tell you something. Across Coro Energy/Corcel Energy and Ascent, there are the same individuals, on massive salaries, who are the main expense. Very little material progress is being made anywhere and the latest Ascent Resources RNS speaks volumes in announcing further rewards for Management.
Unfortunately, AIM seems to attract these individuals, who seem to have no accountability whatsoever. Given the pay packages they are all on, there really doesn't need to be incentives to get things moving. In my opinion, Align Research are just a marketing tool also, one glance at what they suggest and what the share price is doing should also tell you something.
Andrew Dennan has stated via RNS that the BOD are very confident in an upturn before year end - however, it is now mid November and no doubt there will be further excuses down the line!
Regarding James Parsons - just take a look at his recent track record, specifically on the share performance of businesses he is involved in. Sound Energy/Coro Energy/Corcel Energy - very little tangible success. Since Parsons and Dennan have been with Ascent, they have merely signed up legal representation and watched worldwide gas prices increase. Their income from salary during this time at both Ascent and other companies has quite frankly been staggering! There is little wonder that they are keen to stay in this little bubble for as long as possible. Despite what they claim, it is more than obvious that they have very little regard for the humble investor, so it puzzles me why they try to put so much spin into each RNS? Judge them on share price performance alone as that is linked specifically to their actions and success.
This appears to be AIM in general and the authorities continue to turn a blind eye to what in my opinion is going on behind the scenes. After all, the authorities have a vested interest themselves - despite what Align Research claim is realistic performance, this company is light years away from achieving a share price in the region of 20p with this BOD in charge.
All the best.

The only RNS that this shameful BOD are capable of issuing!!! In the extreme off chance that luck strikes again then they will be handsomely rewarded!!! I personally wish that they would head off to new ventures permanently!!!

Align Research suggesting share price approaching 20P!!! These guys have achieved nothing since they arrived!

How about issuing an RNS on some actual progress - anywhere!!!!!

Now into November & I pass on my sincere congratulations to Andrew Dennan, James Parsons & Co for another week of nothing (obviously working on their other roles at Coro, Corcel et al)!! Their contribution in 2 years has been to sign up a firm of Solicitors and to congratulate themselves on world wide gas prices increasing!!

C'mon gentleman, please move on to the next step of the gravy train and be replaced by someone full time on a third of the salary, who is keen to make progress on any front!!!

I'm sure it has been posted here before the observation that Andrew Dennan and James Parsons earn in excess of £500k between them!!! As share holders, what actual 'value' due they offer??

This is madness and surely a BOD on half of this wage would be capable in their position.

Meanwhile the AIM gravy train continues...funny how it attracts these individuals!!

Despite the optimism that the Board issue on an RNS regarding investors being rewarded before the end of the year...now running into late October...then it will be the Xmas holidays...then slow start to new year.

Despite all the piffle that they have spouted, noting concrete has materialised! The share price performance is a reflection of the Board's impact on the business. Meanwhile ridiculous salaries continue to be paid for part time roles!!

Sorry...should read out!! But you get my drift...

I've sold out of this charade after 5 years.!!!

Senior Management!! Nothing dodgy about all this at all!! 5 years invested...80% down!!! AIM in general & therefore I won't support any longer!! What a shower!!

Hi. I don't post on here often...like the majority of shareholders my investment is at a substantial loss! Just wondering what the Manners family make of all of this?!!

I've worked in Senior Sales roles & to be honest this Management team should be down the road!!! Apart from a couple of (probably paid) supporters on this site, this is unbelievable!!! What salaries are they on???!!!!. Only on AIM! They typify AIM & all it stands for!

As an investor I'm disgusted at this investment! Call these idiots out as individuals - they're milking this for all its worth & this would be a disgrace if posted on a CV!!!

Absolutely!!!! But as Align Research are just a marketing tool taking fees from Ascent they would be promoting this! Funnily enough their target price in region of 18p is not being met in the slightest...

Me...I'm averaging down as soon as possible!!

As I'm starting to learn from this painful AIM experience. Nothing really happens with share price until the company is actually generating income - then it can go a long way. Spikes based on hype will fall as quickly as they rise! Despite the attempts of others on here to speculate on everything.. .Until the day that shovel actually hits the ground - nothing will be sustained until then!!!

Pawnsacrifice.

No problem. I respect your opinion!

Just be wary James Parsons...????????

I would definitely give great consideration to the timing of this update. Some months ago AST announced they would be delaying issue of accounts. Why??? Then by just a coincidence on the very day they bury the awful accounts, this RNS & video presentation arises....weird timing eh??? I need a share price in mid 20's just to break even. 500M Euro layout would more than take care of that!! However given James Parsons' record at Sound Energy & the fact that nothing materialised there. With Andrew Dennan the jury is still out. But before everyone wades in just take into consideraction the BOD's motives...let's hope for a change the shareholder is given some priority. After all some of us have invested more than them based on what we've been told as well as actually using our own money instead of options!!! Good luck all!

Max19,

I take your point but I have averaged down - still at a huge loss.
Many long term holders may remember, previous regime and Colin Hutchinson stating on an LSE interview that went out on a Tuesday "that AST had sufficient funds." Nevertheless, on the evening of the Friday of the same week an out of hours placing was issued and to date the share price has fallen ever since. In my opinion James Parsons performed an absolute charade at Sound Energy, with false claims which investors took in good faith. Nothing materialised, the share price crashed and dear James is now on the BOD at AST.
Hopefully you can see why I am reluctant to average down even with small amounts of cash!
I'm also still puzzled why there hasn't been a positive update on AST's overseas projects - not exactly amazing news despite the time that has passed!!