Member Info for stockdale

Their SP is probably doing well as they have more cash available than they may reasonably have expected at this point. Come on JP get stuck in to them.

I would think a total amount each (JB and LC) over a few weeks of £50K+ would be about right. That would steadily push the SP up and would reinstall confidence.

In what sense dv? I'm feeling blue about this now.

All new CEO's like to see there arrival make the SP go up. A blip yesterday was all. And that was more likely due to Colin leaving. However if JB and LC invest heavily today that SP will rise. The record will show an SP rise when they started.

Historical evidence from previous court action in Slovenia would probably lead me to walk away to Croatia. Slovenia's loss, but I wouldn't care after 50 million expenditure. And other would see as well. Foreign investment Will dry up.

The problem would be twofold. How likely to be successful in Slovenia after the debacle of 2016 when the court incorrectly found against AST. Secondly even if a court found in favour of AST how likely that any compensation money would be forthcoming.

No win no fee is certainly not a pipe dream. Corporate litigation is a known method. Can't understand why certain people refuse to accept what is an industry standard of litigation. Probably have an ulterior motive?

Looks like they have a choice of how they use the current funds in the bank. Either the compressor or a Croatian bid. Probably looking at a Croatian bid as first choice. In which case the compressor will be put on hold for now. If a bid is successful they use the current funds for that along with any further raise necessary. If unsuccessful they use the funds for the compressor. Possible strategy? Not entirely clear.

Slovenia has to be the second choice now. They're much too unreliable, to the point of being completely useless.

What's achievable right now are reducing expenditure and JB and LC buying large amounts of shares. Both would raise confidence when confidence is at rock bottom.

Someone needs to dig AST out of a hole. That person clearly isn't Colin. Whether it's JB or not is yet to be verified.

The only route for more funding now would be more dilution, until AST has re-established itself and banks are willing to take a look. A good start in the RNS is to reduce expenditure. That is achievable right now. But a move into Croatia would need funding.

Colin's departure suggests he has got to the end of his ability to move AST forward. JB is a new person with oil and gas experience in Eastern Europe. He has a murky past and is therefore a bit of a risk for investors. That's why the initial jump in the SP has sagged back down. That's why we need to see actions from JB. The RNS was a good start.

Concern of good money after bad? The bad being Slovenia.

All trades are showing as sells, even clear buys at 0.37p. The 'system' must be thinking the SP is rising, although it seems to have stalled.

I have a niggling doubt about a protracted timescale being good. Often it's an indicator of issues. But it's also been posted that the admin of the contractual agreements is often very protracted. It's getting to squeeky bum time.

The RNS was quite clear. Reduce costs dramatically. You don't continue stubbornly with unnecessary expenditure just because someone else previously in charge said they might.

That was Colin if it were. He's gone.

The tree hugger is quick off the mark this morning.

No Colin would not have bought, unless it was part of the deal of him staying as an 'advisor' as a Finance Director. He's back to being an accountant again.

Frankly I don't care where Colin's going. He's out.

The compressor being halted is a concern. But quite honestly Slovenia is now clearly a busted flush. There would be a grave danger of good money after bad.

So Croatia here we come.

Wow! That may explain the 16 million bought in the last 30 minutes on Friday!