Member Info for Shedulike

So they've lost all confidence in the seismic - may as well drill there then as anywhere else on the licence, could have spent the seismic cash on wildcat drills! Slightly sickening thing is that after years of being told that the market doesn't reflect our true worth now the teams' expectations are fully aligned with our market valuation. Would be hilarious if not so expensive.

The problem is we all hoped that the company had changed for good well over a year ago now but we're still playing a virtual game of Blind Man's Bluff, everyone groping around in the dark for some facts. It's the perfect pitch for the shorters to play their games. If the wells are performing and we're making money I would rather have some information on that rather than this NDA which could be a license to keep us in the dark indefinitely. I think Zaza set out to transform the communications in the company but with the big blow of UD-2 it was shutters down and a return to type. Pictures of historical gushers and bubbling pools isn't going to cut it.

Would it be controversial to suggest that something JP said in April 2017 should be taken with a pinch of salt (though please don't take any from Brians infamous salt cap - that's wearing thin as well).

Fair points Kas - don't understand why people are queuing up to declare 'it's all my fault, we knew the risks', do they find it cathartic? I'm not on here day in day out but I can't recall any credible poster laying all the blame at JP's door, but he must be culpable for the hugely missed deadlines, overpromising and ultra hype surrounding this stock. Maybe some people haven't followed the story for years and weren't exposed to the heady days when JP was promising the world. I made some ill-advised top up's when I should have been taking massive profits, that I admit is an error of strategy on my part but I think my biggest grievance with JP is that as the campaign to attract new II's was failing he needed to make PI's as illiquid as possible that I believe was why the LE was flagged from so far out. That is my theory and not a direct accusation of wrongdoing.

I'm not thinking in days, weeks or months anymore - you couldn't credit it that even the jokes last January that he must have meant Chrismas presents in 2018 seem to have been optimistic.

Possibly but the important thing is that legally Leben has gifted us a strong negotiating position if this does end up in court. Providing all our environmental procedures stack up in the grown-ups part of the permitting process then we should be okay, he is probably using the emails to strengthen his opposition to fracking which I'm sure is as unpopular in Slovenia as it is here - he is a politician and wants to be a hero at home.

woops meant 'written letter' in that last sentence not 'email' but you probably guessed what I was getting at!

In a way it is actually quite encouraging that the permit issue seems to be purely down the abusive emails. Surely AST now have a clear case that however unpleasant that is, it is also in no way grounds not to grant permits to a company that has fulfilled every other criteria to continue building a business in Slovenia. As for the cretinous individuals that sent any threatening correspondence I'm sure some were just agitators but any that were actual shareholders need to check in to an institution of their choosing asap. The daft thing is, do you honestly think that prior to the existence of email they would have had the wit to pick up the phone to ARSO or even write an abusive email, no.

This is rapidly turning into an episode of 'Fake or Fortune' and we're soon going to find out. Will LR join the long list of AIM bosses proved to have been weaving riddles to put Agatha Christie to shame or will we for once really have injected our funds to help prove the existence of a genuine commercial asset. Ready when you are LR!

Fair play StarRage a thoughtful response. I agree, if Zaza can indeed break the shackles of the undertaker financiers and land a major partnership then the possibilities are endless.

I admire your efforts but I wouldn't bet on the FCA taking any action. From what I can tell not even an attempt was made to bring the GLOBO boss Costis Papadimitrakopoulos to account despite QC Management providing a full dossier of their fake customers and accounting fraud. If he was the CEO of an AIM company and was simply allowed to walk away then what chance the FCA chasing a bunch of bloggers? I'm afraid the only likely chance of justice is a private action from the company, I believe there is a precedence for this (see Bobsnests posts on the SOU board). Perhaps a tougher angle to take (and not one that will make me popular around here) is to ask yourself why they target FRR. I followed FRR for a while and invested at a time when it still looked a risk but at prices that made the gamble worthwhile. Since then I have been regularly encouraged by Zaza's presentations and occasional operational progress but then you get big negatives like the delayed and disappointing UD-2 result, non-deliverance of well tests which just when it is stretching credibility beyond reason the greater carrot of the NDA lands and we're back on the magical mystery tour, next stop Grand Cayman. Yes, we're targetted for many reasons, most unfair and historic but it's hardly difficult to weave a web of doubt even on recent developments. I am hanging on in here because on balance I still believe, but frankly there aren't any outcomes that would surprise me.

"Perhaps", 'Who knows", "Could be" - that's what I'm tiring of.

While I also appreciate Mr Mole's very informative posts the stock market acts on some very base human emotions and if we're not going to get the big reveal until beyond Febuary we might as well all sell now and buy back in the New Year easily sub .2p. Humans rarely blindfold other humans for good reasons (unless that's your thing!) and I fear many may have set Christmas as the end of their faith in Zaza, could see a big exodus soon I fear without some concrete good news.

Great I'm all for some cost-cutting on the catering front.

I can't see any vultures circling just yet, but is that a pack of wild dogs following the rig in? Hope they haven't scented blood!

The relevance of JP's trading plan is that he decided to reduce his exposure based on the privileged information as CEO that he had to hand as the seismic started to unfold. The fact that Marco acted similarly making our stock significantly more liquid was to the detriment of shareholders. The loyal shareholder base was brought up to speed at the DD with further revelations in the maelstrom of the TE-9 result. A tough lesson that I've learnt is that any Director sells or II sell-off is a red flag for the exit whatever we're told to the contrary. I blame only myself though for believing that the golden egg of the LE was any more than the device for reducing liquidity amongst the PI base in the face of failure to attract new II's. Only a run of luck with the drill bit will save me from facing the fact that I've wasted three precious years of ISA allowance and perhaps more bitterly used up a proportion of my children's ISA's on this - my fault but crikey we've had some spin!

Blimey just when you thought it couldn't get more intriguing we've got The Godfather Part IV in the making - just a thought though if Leben is such a great environmentalist maybe he always wanted to 'Sleep with the fishes'.
********(this is not a threat just a joke)*********

We know that CH has long suspected that much of the email abuse is coming from parties whose interests are not aligned with AST whether that is shorters or parties hoping we become even more distressed I don't know. Sadly I think he is assuming that all AST shareholders are sensible people who would know that sending threatening emails to a Minister can only end badly. I do feel that Leben is trying to glorify himself in the process but any shareholder who has sent threatening communications has just shot themselves and fellow holders in the foot, knee and groin.

Not normally a fan of market conspiracy theories but who waits all day to sell 3M at virtually the worst ask on offer since first thing this morning?

Just for the record I very rarely trade as I never know what I'm doing day to day workwise. To do it successfully you need to be chained to a monitor so I look for AIM stocks where the endgame is the attraction and I build a position. FRR falls into that category for me but make no mistake on this market the odds of finding a gem are against us. Yes I admit I like the odd moan on all the boards where I have an interest but I do post honestly and I'm simply getting a bit cynical that the big prize is always just out of reach here - see my weekend post about Tantalus (didn't go down a storm then either!!).