The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Hello ping, Yes i am still here mate and i will be honest i would have thought that by now there would have been some kind of news or update on proposed projects IE cuba, ESG metals, and required presidence re enyo law.
Does anyone know what is required by enyo law. I am going to email the company about this as i think we have all waited long enough for some news regarding this.
As i have said before i am the same minded as the other posters here except oldblue and believe the company has had enough time to complete some sort of deal to move the company forward not just take wages for doing sweet F/A.
Happy eatser to all.
M
I do not usually post here even tho i have been a shareholder since 2014 but ido read this BB every day and must say i have been quite amused at times with the comments here and i know who supports cyan and who does not. that aside tonyj i live just up the road from you the mawneys romford and your comment re footings caught my eye. Could you please elaborate on the new regulations as am thinking of have a new extention have applied to council and would like to know what is new regarding depth, width amount of distance between my Neighbors. Am genuinly interested. Thanks in advance.
M
Ping
I am still here watching and waiting, I am a He by the way i do not wish to be Known by any other of these Woke Pronouns LOL ( Although it is not funny)
I decided after my phone call to give them till the end of March before i contact him again.
Was not impressed with the latest share giveaway tho i have to say.
If no news by then i will say my piece believe me till then concentrating on crypto at the moment and doing better than i ever have with AST.
All the best everyone
Guys
I fully understand what you have all said and as you must know by now i am of the same mind as you and i know talk is cheap and the lack of any progress here is zero. Nothing that was said is a secret.
I asked about the lack of progress and the fact that nothing has been acheived here the explanation was as follows.
Re Cuba talks are still ongoing but there are a lot of complications regarding mainly the political scene, they are working to overcome these issues but it is very difficult doing business in that country.
Re PG10 and 11A both wells are still producing but at a lower rate as we all know. The revenue coming from the wells is in a PLC bank account but said that due to the legacy issues left behind by colin and co they are still trying negotiate these charges to get them reduced as per the rns. they are also still in talks re the licence extention and the EIA and FDP will be completed before the end of the 18 month government extension i did ask why this had not been completed already the answer was they did not want to carry that out because of the cost and the doubts about the licence it would have been a waste of money if they lost the licence.
Re our claim pretty much as was said in the rns but he also said that enyo are taking a gamble by not charging upfront therefore he feels confident as do enyo law that they stand a very high chance of winning, they are putting millions of there own money into the claim and would not be doing this if they were not confident and that the claim ammount is changing all the time as we have lost out on the business and revenue we would be making now as the gas prices are higher so the figure we already know about will be higher but would say how higher.
He told me that the precedents that enyo are finalising should be complete within the next month or two and these precedents are completely beyond the companies control but assured me the claim is going ahead but it is going to take a long time unless slovenia agree the compensation beforehand.
All in all it was a postive call but i still remain sceptical about the outcome but live in hope.
As i said call the brokers they will email the company and you can ask you own questions it has to be worth a phone call
Further to my last posts i recieved a call from Andrew dennan i am not really at liberty to repeat what was discussed but i will say that my mind has been put to rest on several issues and although i still have certain reservations i now feel that there could well be a positive outcome in the distant future but may take a while.
If you call the brokers and ask to speak to Andrew dennan they will act upon that request.
Ping i know you did not want to talk to him but what he had to say does make a lot of sense and i asked some pretty in depth and damming questions and i must admit he sounded like he was being honest and asked for my private email address to stay in touch. Once again call and make contact and listen to what he has to say.
Good luck all LTH's there may well be a good result at the end of all of this just alot of hoops to jump through to get there.
One thing i will say is we are still in discussions with cuba but there are alot of legalities to overcome to get to where we need to be.
I never thought i would think like this after the last 7 years but as i said it is worth contacting the company directly.
My question was regarding the cuban deal of which we heard nothing regarding this after the 2 month extention period lapsed.
One can only assume cuban deal is now of the table and we now own Energetical that has cost us 6,000,000 shares but hopefully the £100,000 cash and £350,000 of equity have not been paid as it looks as tho no agreement has been signed.
Good morning
As i said i would i have now called both novum and irelands i called yesterday and was told by novum that they would email Andrew dennan and he would get back to me but it did not happen.
I called novum again about 5 mimutes ago in in a nut shell they are not prepared to answer my question as they said they do not have to talk to me
i now give up here i have tried but to no avail.
Thanks for the response ping, just as i thought.
Tomorrow i am going to call vigo and ask for an explanation as to why there is no information regarding this matter.
I will post their reply here.
What a shambles these directors are.
How can we as investors employ an administrator does anyone know.
Someone please correct me if i am wrong but it is my understanding that the Cuban MOU extension was from 29/10/21 to 29/12/21 as per the RNS.
If i am correct why has there been absolutly no news on this. I stand corrected if i am wrong.
Old blue nobody on here is shorting this stock as we have all said at some point in the past.
All posters here seem to me to be experienced investors who would like a return on their investments as do i, But you cannot ignore the lack of progress from this BOD ( as it seems you do) over the last two years and do not forget they all have bad track records if you care to check and look at the other companies these directors are involed in.
Take for example echo energy another parsons company share price on the floor no revenue to speak of and a poster who has taken it upon himself to act as a spokesman for investors questioning the company directors and demanding answers.
Posters on here have questioned the company but have been ignored in the past. According to the poster on echo BB the law states you should get a satisfactory answer within five working days. That does not happen here.
If these directors are here at the next AGM i will be voting to remove them at the earliest oppotunity.
It has been said this is now a life style company for the directors to just sit backand do nothing to advance the company. if you care to look back over the last two years RNS's and read them correctly you should come to the conclusion as i have that they are full of what they are going to do but never actually do anything.
The markets know who these directors are and their past track records that is why the share price is where it is. All IMHO
oldblue
I think it is you who needs to read the RNS.s no where does it refer to 11/2/2022 that was last years fund raise.
Please stop spouting your rubbish.
I would like to know where the rns is for the supposed cuban deal the last MOU expired on 29/12/21 and we have still not heard from the board regarding this.
I hope they have not given energetical the £100,000 cash and £350,000 shares.
Are this board taking the p888 out of us investors,because it seems to me they are.
Well no rns re the cuban extension that was extended until the 29/12/21 so i guess that was just another kicking the can down the road exercise.
I too would like to know why wood was employed he is nothing other than a blogger but they paint him as an experienced oil and gas expert which we know he is not in fact just a little time to research him and it turns out he used to be a copper not sure if he was a disgraced one but certainly does not belong on the board of AST. Once again with parsons and co just another job for a mate on circa 7000 a year for doing nothing.
Happy new year to all the regulars here hope you all had a good christmas.
M
James Parsons
In addition to his role as Executive Chairman of Corcel Plc, James is currently Executive Chairman of Ascent Resources Plc and Non-Executive Chairman at Echo Energy Plc and Coro Energy Plc.
Align research are involed with CRCL as well as AST and Align did research for echo energy. thats just 2 mins research i am sure if i dug deeper there would be more.
Align charge and are paid £30000.00 for their reseach as per company accounts.
He is paid hansomely by all 4 companies for his part time roles.
The only company to make any money is echo energy.
AST's attempt to raise the share price by releasing the enyo RNs was probably an attempt to let Align sell shares as per their last pump.
Old blue
I believe the last RNS regarding enyo law was the directors attempt at raisin the share price.
As other have said on this board the RNS means nothing just another attempt of kicking the can down the road along with all the other RNs's the directors have released. nothinf is ever a sealed deal with this lot just more waffle as to what might happen. Do you still not see this.
Look at the last crcl RNS from parsons and see what others say about him. nothing ever happens but lots of talk about what might happen.
I am not trying to deramp no need for me to do that.
I am just pointing out the facts here about Mr parsons and co.
One only has to look at your accounts for the last several years to see the facts.
If you research him properly you will find out the truth about him and his fellow directors.
And as the last poster on this board has said they tweeted on tuesday but no RNS
Enough said i wish all LTH's here the best of luck