Member Info for stockdale

PG10:

https://www.google.co.uk/maps/@46.536761,16.4655312,242m/data=!3m1!1e3

PG11a

https://www.google.co.uk/maps/@46.5416199,16.4900758,239m/data=!3m1!1e3

Permits are on the way. Maybe a company in the SR with confidence of the imminent permits would be willing to make a low offer? No?

It's on the AST website: info3@ascentresources.co.uk.

If a company in the SR is willing to make an offer before the permits are issued, but with assurances from ARSO they will be issued in due course, they will take advantage of the current hiatus and make a low offer. It would not be 3p. When the permits are issued and AST have greater bargaining power then 3p becomes more likely. Therefore a company may, just may, be inclined to make a low offer now. That could be of interest to AST as then that company will be taking all the risk. If that company feels secure in their position and relationship with ARSO then they could be willing to take on that risk for a low offer.

QED.

I think facts trump opinion 128. As you say we'll see. But the facts would indicate otherwise: historically placings always oversubscribed and the market showing current buyers well over 1p and over the last week.

The market tells us what is happening. People have been buying in on the open market at above the 1p placing price for the past week. That tells me they are confident this is set to rise further and it's the 1p placing price that has held the SP down.

Mr. Number, none of us know what will happen. I go on the historical fact that I am unaware of any placing that hasn't been oversubscribed. There may have been, I'm just not aware of any. Even AST which had a placing last October for £1 million was oversubscribed to £1.5 million and you should have seen the furore there. There may well be a first here with 88E but I think it more like people like you who didn't buy in being in a state of FOMO.

3p is very realistic as the overall value of the gas field is over £200 million and considering what AST is entitled to as a return on that gas field. 3p would amount to an MCap of around just £68 million. However companies in the SR will know the financial pressure AST is under and will no doubt bid a lower figure than that thinking AST will have to accept or go under for lack of funding. That realistic figure could well be around 1.5p. Companies involved in this kind of takeover are not generally looking to be fair, they just want the company at the lowest price they can get it.

A little hysterical Baxter. Just a little. I agree about the upsides but I also look at the possible downsides. The elephant in the room is the delays on the permits. Those who wish AST harm (environmental campaigners and Russian gas supporters) constantly prod on the downsides until there noises off become unrealistic, but the fearful believe them and go elsewhere. Job done for them.

The bureaucracy in Slovenia is slow but when you consider what is required you may understand the 'delays'. The permits will have to be written up as contracts specifically for their single application by lawyers and then gone over by other lawyers checking for flaws. Clauses will be altered and returned for more checking. If the back and forth is done by recorded snail mail this process could take many weeks. Even if the draft contracts are taken by hand between lawyer offices it will take time. The process of making new drafts, checking and rechecking can be interminable. However everyone including Colin and even ARSO have to wait for this process to complete. Then AST has to check it with their own lawyers and maybe ask for further changes. Getting the picture? Already many will be bored at waiting for this paragraph to end.

I thought we just had the placing? Another one for the excess shares? Yeah, right. Has there ever been a placing which hasn't been oversubscribed? This is currently on the leash and just waiting to be released. Most know this and would have exceeded their base entitlement as much as they can afford. That will soak up those who didn't partake and are waiting for the crumbs.

Settle down Baxter. Your style makes me think you have been here before under a different name. Defending your investment doesn't mean making the company look silly. It's not all one big upside, as my last post queried. A little bit of realism always helps.

Right. This idiocy is polluting the board.

To get back to AST: People can either believe these permits are going to happen or not. No one really knows. Not even Colin. We can only go on the assurances from him that he is reassured by ARSO in the process they are going through. He tells me it is happening and will inform shareholders when he can tell them something. You can believe him or not. But this is a genuine company genuinely producing gas in Slovenia and trying to expand that production. So go figure. Can you extrapolate from that whether he is genuine or not? Can you believe that ARSO are going to issue the permits? With the environmental campaigners being the obstacle? Maybe Russian influence against it as well? Just how significant are those two factors? We only have opinions what ever reso, Reg, Gerry and some others may say. They don't know. None of us do.

So stop muddying the waters and try and do what TPT manages sometimes in getting some genuine information instead of just spouting forth in some silly playground stuff.

I wouldn't go that far Baxter. Like your optimism though.

Logically with companies still in the SR they are expecting a good outcome for themselves with the permits being granted. That tells me that either those companies have better information from ARSO than we have and they are convinced it's worth their while.

For once New? He only started today. After two years.

Thanks cat. That sounds more reasonable. Otherwise the implication could be anyone asking for more than their allowed allocation may get nothing at all if the full excess isn't available. We should at least get the basic entitlement.

Ah! Reg looking for facts in his usual aggressive manner, just like Gerry. I suggest you look for facts elsewhere Reg. This is an anonymous forum. Although why do I bother to reply to you? Show a little respect, 'mate'.

Correct Brombard. As I replied to Learning. Some people will intentionally twist the facts to suit an agenda.

And, by the, way I don't wish for your 'good luck' wishes after that. It comes across as sarcastic.

Err ... no Learning. I'm just concerned when no information is provided on an investment of a several thousand pounds and wanted to know what is happening. Why would you misconstrue that?