Member Info for stockdale

Bid/Sell still on 0.8p though. They need to narrow the spread, although the actual spread is always different.

Strangely enough AST know that as well. Which is why there is the SR to find a company to inject cash to open up the wells which are already there. But then GU you're just deramping aren't you?

Err .. make that million. :-)

The rise seems to have been curtailed with a maximum of just 0.9p and dropping back to steady at 0.85p. Need a second wind at this very low price for the recent news and after the CC. MCap still just under £19 billion.

There seems to be strong division between those in favour and those against. Some manufacture their position dependent on whether they want the SP to rise or want to buy in more cheaply. It would seem those genuinely against concentrate on the BoD and their lack of O&G experience and apparent errors. Those in favour concentrate on the asset and it's value.

I would agree the Bod have much to be desired but I fall in the latter camp. The BoD are just part of a network comprising AST, JV partners and the relevant Slovenian authorities. After last week the BoD are now being 'helped' by the other parts of the network. Yesterday's conference call also improved the BoD's standing considerably and I believe many more are willing to accept the BoD now, despite their lack of experience in O&G. Cameron Davies has O&G experience but doesn't appear to feature much. Clive Carver does hold positions in other oil companies as well and seemed to know his stuff in the conference call. Colin has been gaining experience over the years he's been at AST and has been dealing pretty well with difficulties that have cropped up, especially the INA contract when the IPPC was removed in 2016.

The asset is still there with wells in place. The wells just need reopening with modern technology to access the considerable gas field. Derampers sometimes refer to other possible gas fields around the world saying they could be acquired cheaply. There is a gas field in Petisovci in Slovenia. They are part of the EU and so should, in theory, be straight forward to deal with and, just because there may be gas fields elsewhere, doesn't mean we can't deal with this one. That is a weak argument.

So AST seem to be on a much better footing and yesterday's conference call should improve sentiment substantially.

And with AIM sentiment is everything.

Fellrunner, they were talking about the SR. But you knew that didn't you?

Agree Scully and that's what I said, without using the word 'certain'.

They were careful not to say anything that appeared conclusive or definite. Therefore the point that Clive made of being toward the end of the SR and that he was confident of getting an offer, or even offers, was significant. Also that an EGM would not be required until after the SR and only if it were not successful. For that see the previous point. Therefore we are self sufficient in income currently from PG10 and PG11a. Colin was clear about the responsibilities of Geoterm and Geonergo, explaining their positions and why Geoterm had a strong interest in the permits, as their responsibility. The Slovenian government is now fully aware of what is happening, implying they had not been up till recently, and they want to get access to the gas under their ground.

That would be nice, but careful you'll attract those derampers back again.

It would have been nice to have a talkative CEO who filled in the silences with useful information while questions were being collated. It was a bit better when he jumped in to explain about the different companies.

It got better toward the end with Clive making a good contribution. Colin's points about the different companies involved and their genuine concern about getting the permits was also good. I got the strong impression that the delays have mostly been down to bureaucracy and getting everything sorted, sometimes with the need for third party input and therefore not a simple case of completing forms and returning them to ARSO. In general a good call with some useful information. Much of it may have been suspected anyway but good to hear from the BoD directly and good to clear up misunderstandings. Colin also said he's open to emails if there are further queries.

There never is a guarantee. He has to say that. Unfortunately the derampers will latch on to that part.

Five minutes to go and we're sitting at 0.73p.

Temuchin, that's why the SP isn't rising into the close. Colin needs to notice that and come up with the goods tonight.

The IPPC doesn't matter in the short term. It does matter for sentiment. AIM shares run on sentiment.

Eddie, Colin can announce stuff tonight as long as it is RNSed before the market opens tomorrow. That's the legal position. However an RNS before would be appreciated for sure. It could come before the 5:30 call and after market close at 4:30.

Just over half an hour to go and where's this rally then? Generally if there were one it would come earlier and you'd find yourself priced out in the last 20 minutes. Still sitting at a lowly 0.76p. Should be pushing up now. Where's the confidence in Colin?

AIM runs on sentiment. If Colin can provide confidence to the market then sentiment will improve, it has been atrocious, and the SP should improve.

Can't be bothered to check reso's post. When people become abusive on here I stop responding. I do recall the news coming out and the SP halving on the day. That's all anyone needs to know.

I know the BoD have been less than straight when reporting to the market, or it may just be their lax paperwork. We've now got plenty of evidence of their lax paperwork. I hope they are grilled about that tonight as the fate of the permits depends on it.