Member Info for stockdale

It's the passive aggressive approach that gives the game away Rev. Wishing you 'good luck to your strategy'. Yeah, right.

Compression equipment doesn't require a stimulation permit. Increase the production with compression equipment and we're on our way to increasing production to supply a processing plant. The processing plant would take a year to construct anyway.

Quite honestly with a stabilised gas production and compression equipment, not needing a permit, on it's way the SP is now looking very low.

Unfortunately Colin has to be very careful about what he puts out to the market as there are some who wish to do the company harm. They exist on here, on twitter, in the Slovene government and as environmental activists who have appeared only since a foreign company took over in 2004.

I would say the compression equipment must be close to being used as he wouldn't wish to mention it unless it was a done deal for fear those wishing harm to AST could take advantage of that information.

Correct trout. Made me laugh when I thought of the misunderstanding that misspelling could bring.

Colin should be compared more to a self employed person or small business owner. They take the risk of their company going under. A normal employee doesn't take that risk. Colin should be on a low basic salary and a performance based bonus scheme. In fact that's the way most CEO's are remunerated.

A plumber on TV this morning, running his own business in London, hasn't been able to pay himself for a couple of months because he had to purchase a new van to cope with the ultra low emission zone. That's the sort of comparison.

Plan already stated by the BoD. Copied from toileronthesea on 1 April:

Purchase plan for Redmoor:-

Purchase price for 50% of CRL set at a maximum of £2.66m (A$5.00m) payable in three stages as follows:

i. £1.06m (A$2.00m) in cash within 30 days of approval by NAE shareholders

ii. £0.54m (A$1.00m) SML promissory note payable 180 days after settlement

iii. A royalty stream of 1.5% of Net Smelter Revenue from Redmoor production capped at £1.06m (A$2.00m)

Or many may be exited at this news from a company which is really going forward with some great projects producing minerals the World needs?

Apart from the compression tech the monthly production has stabilised. That is also significant. It shows that there is a stable level and not just an ever decreasing amount.

Thanks TPT. The problem is registration and login is required for the answers.

Oh good. You need to understand how the share market works. Advising people to sell a share you're invested in is not a wise move.

The trouble is a few more weeks often ends up as a few more years and still with little result, apart from a few spikes along the way.

New_2, I agree with your ABC calculation. Quite simply it's basic for an accountant. Colin did the placing in October 2017 because he was concerned at the company running short of money. He got a lot of stick for that at the time and for many months subsequently. However I understood the reasoning because he appeared to have the cautious accountant approach to protect the company's finances. I don't understand why he should be back on full salary right now when the company still has no result from the Slovene government. Even if the equation works they still need money for compression equipment and to bid in Croatia in a couple of months. Where has the cautious accountant approach gone?

How would a (presumably) U.S. farm out bidder in Alaska be effected by the U.K. tax year?

The company is making money but not enough to cover CH's high salary, considering the ongoing costs in Slovenia. If the company goes into debt just because CH has drawn too large a salary the proverbial will really hit the fan. AST will survive as long as it isn't in debt. It won't if it isn't.

We need to find some of the stuff first. I suppose a higher oil price keeps the accountants happy.

I have just emailed him about the lack of progress and the extreme lack of confidence in the market with investors pulling out, even at this low SP. He needs to be more open with investors as the softly softly background approach is not effective with the Slovene government.

New, Did you get an answer to your email to Colin?

Sorry to hear about that lejjb. I really hope Colin also hears about those like yourself and others who couldn't wait any longer. Some may think I am an apologist for Colin but I am certainly not. However I do feel the main blame has to be with the Slovene government. But the softly softly approach only works up until the point you can see it doesn't work. We are well passed that now. Colin needs to get answers out of ARSO and / or the government, take legal action if nothing is forthcoming and get out to Croatia or some other better location.

Not for that reason scott. He's an accountant. He should know you can't get a quart out of a pint pot. AST are not getting the income to pay that kind of salary. It's rule one in accountancy.