Member Info for stockdale

Maybe that tells you Slovenian companies know the problems with their government and don't want a part of it? Serious indictment I know but the evidence is there for us to see. Was it January the soil samples were put in? Where are we now? INA as well are balking at the opportunity. This should be a great opportunity but the Slovenian government is making it not so.

With oil down there they will get it out. The question is just how easily? If difficult the cost goes up a bit, that's all, they will still get it out.

Correct trout. Unfortunately it is frustrating when you have bought in a substantial amount and have done your bit to find the SP sinking back for lack of volume. This is an excellent company and will do well. We just need the SP to reflect that.

Current wide spread doesn't help either.

Current wide spread doesn't help.

Shouting doesn't make a point any better.

Colin will have to negotiate very strongly to avoid a low ball offer. If he makes 2.5 his minimum then a prospective will just wait until the screw is turned a bit more. The gas isn't going anywhere. Time is not on Colin's side.

The BoD will be against such a low bid but they are running out of choices. Prospective buyers know the difficulty they are in. Continuing on their own is an option, but painfully slow and fraught with problems. Some of the problems are becoming unsurmountable without help from a local company with influence and finances.

I've never understood this accusation that Colin is wanting a low bid. That only comes from disgruntled investors who have the warped view that Colin is trying to shaft investors. However it is likely the case prospective that buyers can see the difficulty AST is in with a low SP and the Slovenian government delaying necessary permits to open up the field and process the gas. In fact it is also likely they could be instrumental in those delays with their influence with the government. The result of all that will be a low ball offer, not because Colin is looking for one.

Any company looking to buy out AST will be emphasising the cost to them. That would mainly be the cost of reopening the closed wells. I'm sure Colin would be pointing out those wells are already in place and just need reopening. However there is a cost to any company buying out AST and they have the stronger bargaining position, unless Colin is happy for the status quo to continue with the current share price and a disillusioned investor community. That would then result in a lower takeover price than we may like. I would therefore agree with a figure of 2.5 to 3, or even less if the company taking over plays it tough. I would expect them to do so, unlike our government with the EU.

He hasn't posted anything sensible in the hundreds of inane posts here. Therefore he is not worth taking up any of your time. Some may be annoying but may say something sensible, not in the case of RTN. When filtered the air is remarkably clear of buzzing.

With the research that's been done this is much better than 50/50. The recent presentation documents and the video on their home page show the research that has been done. It is not just a case of oil or no oil but there is also the alternative of no immediate oil but multiple alternative ways of recovering oil that appears in the underlying geology. There is oil down there. It's just how to recover it if there are initial difficulties.

You're not wrong, but I do think some here need a reality check.

Yes but takeover or joint venture? Takeover? Or the possibility of a takeover making those rules relevant?

I'd be happy to see 3p again. 30p would be life changing. That's why the probability of that happening is very low. If we all has such a life changing experience then we'd all be rich and inflation would catch up, like house prices over the last 50 years. If we're all rich then no one is rich as we'd all be the same. In any case the vast majority would be out well before then and the majority of the shares would be with the big institutions.

Humbug or with mint sauce?

Colin has the unfortunate hesitancy and red face that gives the impression of a naughty school boy. That is why there are some who don't believe him as his body language creates that impression in the wary. His answer to the PG11a question was a hesitant 'yes' and then an explanation of the problems with PG11a. When you just listen to the words it sounds just about fine. PG10 producing normally and PG11a producing normally for periods with short shut in periods to build up the pressure. So all's well with the wells, as it were. If Colin had the confidence and sparkling personality of some CEOs we would get a better impression. I mean Tony Blair could convince us black was white in his day. I have RTN filtered but it would appear he is continuing the pessimistic stuff and concentrating on the down sides only. His life must be miserable.

And, by the way, the footy was actually quite good, for a change. But then England usually do well until the actual tournament when they don't seem to be able to cope. Unlike the Germans who cope really well with tournaments.

I've always been a realist reso. Unlike you as you have always talked AST down. I believe realists are more believable. Those who constantly talk up or down a share just become white noise after a while.

The SP is way undervalued. I don't know whether to believe Colin and the Board are incompetent or out of their depth in the politics of Slovenia. A lot is happening without our knowledge. You may remember the 'local client' who wanted their buying kept confidential. Was that genuine or a ruse to avoid revealing the figures to be very low? Of course the conspiracy brigade decided it was the latter. Much of what is happening comes under 'confidential' and as Colin is unable to reveal them the private investors lose confidence and the SP falls. Despite all this the asset is a good one and the end game should be profitable. But when will that be? Again we don't know and Colin is also in the dark with the Slovenian government Environment Department and Russian influence. So Colin is between a rock and a hard place. Damned whatever he does because of what he can't reveal or does not know. Anyway off to watch the footy. No doubt that will be equally disappointing.