The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Consolidation is never good as it means nothing to the value of a company. A higher share price is usually good, but the increase that comes from a reverse split is mostly an accounting trick.
The spread will be affected of course making it more difficult to trade those 10-20% gains but equally easier to avoid losing more than 10-20%.
I had a reply from Colin regarding the BOD purchasing shares.
Hi XXXXXX
To be honest directors purchasing shares in the market can be tricky.
Directors can’t be inside.
Also if they purchase shares and it something immediately happened (for example a permit) then there would be raised eyebrows.
From previous experience the amount purchased is either too much or too little and no one is really happy. I was criticised for buying shares in the market and for participating in placings in the past.
It is a fairly short term strategy as it can’t be repeated every week.
I understand some shareholders would like to see director purchases however the main way to increase the share price is to make progress with permits or legal routes.
Thanks
Colin
Useful information regarding the potential site being evaluated by Colin and team.
https://www.azu.hr/media/1614/dokumentacija-za-nadmetanje_onshore_eng_final-za-objavu-002.pdf
Now The company has RSI figure of 30.74. RSI compares the magnitude of recent gains to recent losses to see if an asset is oversold or overbought. RSI is plotted on a scale of 0-100. Generally, if it is above 70, the stock is considered overbought and so one can look to sell it. Similarly, an RSI of less than 30 indicates the stock is oversold and can be bought.
1: Revenue decline of 30% from last month = at that rate revenue will slip away to nothing by early Q1 2019.
2: Ability to raise funds voted yes to strengthen "Strategic Review" = now closed with no offers!?
3: Croatia... really!???
4: Blaming investors for malicious e-mails and saying it is the reason we are in this mess... ummm.. I don't even know where to begin with this.
4:
Hi DP,
https://www.share-talk.com/geoenergo-denies-pressure-on-arso-ascent-resources-plc-aimast/
Minister ordered the internal review according to this statement.
A lot of people assuming that Colin is now going to dilute the company to raise capital straight away.
As he has stated 'THIS IS NOT THE CASE'.
The option to raise funds should ascent need to gives a lot of leverage regarding making a deal acceptable to shareholders. We can turn down silly offers and raise capital to develop the field ourselves now.
Look forward to seeing what 2019 may bring now with regards to Brexit and this - NO DEAL IS BETTER THAN A BAD DEAL.
Arso will be temporarily run by Gregor Sluga
At today's session, the Government appointed Gregor Slugo as Acting Director-General of the Environmental Agency of the Republic of Slovenia (Arso). The servant will be Arso leading to the appointment of the general manager, but no more than six months. The government also issued a decision to dismiss Josko Knez from the position of General Manager Ars.
In late October, Minister of the Environment and Spatial Planning Jure Leben ordered internal control over the work of Ars in the case of two procedures that the Agency conducted in connection with the planned gas extraction in the area of Petišovci. The findings of the independent internal control panel showed a number of irregularities, since both procedures violated the principles of autonomy and independence of the body and the work of officials.
The Prince therefore resigned his resignation on Monday, and the government today issued a decision to dismiss him from the post. Prince Ars was appointed on 7 February this year, and his term expired on February 28, 2023, reported from the government's communications office after a government session.
At the same time, the Government appointed Slugo as Acting Director General of Ars, who since 2013 has been serving as Deputy Director General of the Agency. Arso will lead to the appointment of the Director-General, but for a maximum of six months, that is, until 15 May 2019.