Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
We've had many false Dawn's with this one.
For any law firm to take this on they have to be sure of winning. I wouldn't be surprised if their Barristers have also looked this over.
They have to go for the full £50M due to the length of time and the provarocations of the Slovenian Government.
Someone has tried their best to chop AST out of existence and Slovenia has been complicit.
Netflix may want film rights.
Thank you for your reply.
Actually that €50m does ring a bell as it was mentioned a year or two ago.
My next question is:
What would be the effect on the AST Shareprice if €25m was offered by Slovenia or the full €50m ?
Would AST repay shareholders in Dividends or would it go into Company funds ?
Has anyone said anything about this or is it still all a far away aspiration?
I never really thought that Slovenia would come to the table to discuss any Settlement. I still don't.
The damage that Solvenia has done to AST is so fundemantally, major, one is looking at hundreds of millions of pounds in damages. Slovenia would never even acknowledge this, let alone actually pay any punitive damages to AST.
The only reason AST survived is because of a happy coincidence of being able to sell gas over the border at a huge discount and a huge cost. I don't think Slovenia ever contemplated AST being able to do this and survive.
What is surprising to me is that the damage topic is still alive.
Has anyone ever calculated and broadcasted the size of compensation AST is looking for?
I saw that the share price has risen by 15% and read some of the comments.
As a long standing owner of AST, excuse me, but I'm unimpressed by this small improvement.
I'd be impressed if the share price returns to over 250p
This share has a long way to go before that happens, if it ever does.
My advice to new Punters is take care
One hopes that a lot of exploratory work has been done to find new wells and resources because if nothing's been found this company is doomed. Income has reduced to a lousy €40,000 pm and that is pitiful. It's got to increase at least 10 fold.
They've been allowing production to slow because they're not getting the right return in Croatia.
It was a way of putting pressure on the Government.
The only way the price is going up is some good news on the amount of gas produced per month, new wells and oil.
I think the potential is there. When the new processing plant produces clean gas is the time to step up production and sell gas within Slovenia at the right price.
The mere fact that AST has got a mention at the highest level can only be good for AST obtaining the IPPC.
Prime Minister Marjan Šarec has to investigate why a British Foreign Secretary has taken the trouble to personally
mention AST. Any reasonable person would think that something has to happen. If nothing does happen in the weeks ahead then it seems, regrettably, litigation is the only resource left and I doubt that will have an impact.
https://english.sta.si/2613047/pm-surprised-about-jeremy-hunts-fracking-case-inquiries
PM surprised about Jeremy Hunt's fracking case inquiries
Ljubljana, 8 March - Prime Minister Marjan Šarec told the weekly Mladina that UK Foreign Secretary Jeremy Hunt had raised the issue of a UK company's gas extraction project in the north-east of Slovenia during their talks in Ljubljana at the end of February. Šarec said he found the manner of inquiry unusual.
My Father always said that you can take an ox to water but you can't make it drink.
I think that the mere fact AST is in this position with the Slovenian Government is political.
And AST isn't going to make friends or foster good relation by litigation.
This is a Lose. lose, lose situation for AST.
But what else can a company in the AST situation do but sue?
Even if they win the case the Slovenian Government can still look the other way and do nothing.
I too can't understand why Slovenia doesn't just hand out an IPPC? It is high time.
The wells aren't large enough for Russia to be interested in them surely? It must be a flea bite as far as the Russians are concerned.
Surely Russia wouldn't threaten Slovenia over them because if they do then we're in for a lot more turmoil than Brexit or Croatia.
I'm just trying to make sense of it all. There is always a logical explanation. I suppose sheer bloody mindedness is possible and is the most likely or even the possibility that the right people haven't been acknowledged in some way?
It seems to me that the problems AST are having with the Slovenian Government won't be fixed by going to the European Court. The proverb you can take an ass to water but you can't make it drink comes to mind. This problem goes right back to the time when the Slovenian Court rescinded the original IPPC. We we told that this was "Illegal" and that the Court had no right to rescind an IPPC. This has been shown to be incorrect as it has not been contested through the courts. I would suggest that going Legal on this is an admission of error. AST are in a cleft stick and should bow to the prevailing wind and sell what they have to whoever wants this poison chalice if they can and come out of Slovenia as soon as they can. Perhaps a new larger entity could make headway.
I want to see an RNS with some positive, good, solid news.
That would be so refreshing.
Fed up[ with promises about an IPPC and hearing that there are 20 possible partners or purchasers with REAL money.
It all means diddly squat until something really happens!
Well let's sum up
1. Nobody wants to buy, takeover or merge
2. Continuing problems with one of the wells
3. The Slovenian Government is loath to issue an IPPC permit or any other kind of permit
4. It's still producing Gas which is being sold
5. AST is awaiting a Saviour
It's a joke
Eons ago we had an Objector who apparently got himself a really bad name nationally in Slovenia because he objected to this development and others in Slovenia. So he was eventually excluded from the process.
He needn't have bothered cos the outcome is the same anyway. Nothing - no news - no decision.
It's a Slovenian joke, yah?