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Slovenian – detected
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The Act on Intervention Measures to Assist the Economy and Tourism in Mitigating the Consequences of the COVID-19 Epidemic (hereinafter: ZIUPGT) has entered into force, extending the validity of mining rights for exploitation for which concession relations expire in 2021 or 2022, on a proposal concessionaire for 18 months. In order to extend the concession relationship, the concessionaires must submit an application or proposal for such an extraordinary extension by the end of the one-month period.

Concessionaires who want an extraordinary extension of the mining right on the basis of Article 11 of the ZIUPGT must meet the following conditions:

the mining right they hold must expire in 2021 or 2022
they must file an application for an extraordinary extension of the mining right on the basis of Article 11 of the ZIUPGT
they must apply by 14 August 2021 at the latest
the signed addendum to the concession contract must be returned to the ministry responsible for mining no later than one month after service.

All the above conditions must be cumulatively (that is, at the same time) met in order for the concessionaire's mining right to be extended on the basis of Article 11 of the ZIUPGT.

Both deadlines set by Article 11 of the ZIUPGT (ie the deadline for submitting an application for exceptionally extended mining rights and the deadline for returning the signed addendum to the concession contract) are preclusive and cannot be extended. If the application for an extraordinary extension is not submitted in time, as well as if the concessionaire does not return the signed addendum to the concession contract in time, he will lose the right to an extraordinary extension of the mining right. In this case, the mining right and the concession relationship are not extended in accordance with Article 11 of the ZIUPGT and are terminated in accordance with the valid concession contract and the provisions of the Mining Act (ZRud-1). The same will apply in all those cases when the concessionaires do not submit an application for extension at all on the basis of Article 11 of the ZIUPGT. The extraordinary extension thus depends primarily on the will of the concessionaires and secondarily on the fulfillment of the above conditions.

Agreed Always up, i have had that thought for a long time now. Maybe he is the fat blogger we have on the BOD.
In one of oldblues past posts he states the EIA and FDP are in? well i have not seen any notification from the company regarding this statement so i do wonder where he gets this information from. Please tell us all old blue! you must know as you know everything.
Oh and he forgot to mention the two 335.000 sells in the week along with all the 250.000 sells he mentions. Why is the oldblue did you miss them!!!!
No mention of the extention either, not that we are going to get that anyway.
Also i notice that the famouse jameison pension fund did not get a mention in his holdings statement this time. I googled them as as far as i could see they are a carpentry company, Please correct me if i am wrong there.Take care Alwysup
M.

Kenj. LOL
My thoughts exactly lol. Joker!
Oldblue get a grip man, wise up a bit please! you embarrass yourself with your desperation. LOL
M

oldblue
I give up with you.
You should be on mastermind mate your specialist subject would be avoiding the issues you will do well at that. Do some research and ask some questions mate.
I just cannot believe you are so blind to what these directors are doing here.

Always up
Thanks for that. and you are right colin and clive did alot to get the company up and running its a shame things went so badly for them re slovenian government
The next AGM i will be voting to get rid of this BOD all of them. But who do we replace them with that's the question.
Good luck all
M

Oldblue
Have you actually researched our current directors and their complete failure to make a profit for any of the companies they head up.
If you have not then i suggest that you do as your faith in this bunch is not logical.
You constanly attack long term holders here who actually invested long before you did when the company seemed to have a future and seemed a good investment.
Now it has been 3 months since the advancing to initiate proceedings against slovenia statement that you have just posted and still no news.
Why do you not contact the company and ask questions, then you can come back on this BB and enlighten us all as to the future of this company. (If there is one) Please stop trying to defend the new board they are the worst this company has ever had nothing but lies and smoke and mirrors. They talk a good job but do not follow up, just taking very large salaries for doing very little. And you can bet your life they will still pay themselves a bonus regardless of their performance.
GLA all long termers here
M

OldBlue
In you first report it is mentioned that AST paid £652000 for enegetical ltd take alook for yourself the assets of this company it beggars believe that we paid so much for a worthless company see for yourself what the directors are spending our funds on.
And what do we have to show for it.
No news on slovenia or cuba or esg metals. We are being conned.

As the first step in advancing its international growth
strategy the Company announced on 14 April 2020 the acquisition of Energetical Limited (“Energetical”) for a total consideration of £652,500 of which £202,500 has
been satisfied by the issue of 6 million new shares and,
subject to the Company signing a production sharing contract (“PSC”) over Cuban onshore producing block
9B, deferred consideration of £450,000 which will be satisfied by way of a cash payment of £100,000
and the issue of new shares for a consideration of £350,000 to be issued at the 30 day volume weighted average share price of the Company at the time of
PSC signature.The acquisition of Energetical has secured the rights for the Company to exclusively negotiate the production
sharing contract for Block 9B which is expected to give
the Company an entitlement to incremental barrels produced above the existing base of circa 190 bbls/day from three wells. The Company has initially assessed
that recovery rates could be significantly rejuvenated with the simple and relatively low-cost addition of
basic equipment and reservoir management. It is also assessing the viability of new highly deviated onshore wells designed to intercept the crest of multiple fault
blocks expected to flow with an initial production rate in
excess of 1,000 bopd.
What a waste of valuable funds

Sorry advice.

Just for the record Ojay did not reccomend or give me any advise other than what he said re advice from this BB.
I do my own research and get information from many sources thank you.
M.

One of my main concerns is that the chinese are not to far away from where Matd have struck oil only a few kilometres.
My question is have both companies hit the same well and are the chinese emptying that well as we speak that has always been a question in my mind and i am open to any one elses views on this matter.
M.

Hi ojay
Although i do read this board every day as a friend of mine is invested here at 7p i have seen how all holders have been robbed blind here and if this prediction is correct no one is a winner in fact a total wipe out for most holders. i never invest on what people say on these boards you do not know who is who and who they work for. I much prefer to do my own research. And thank you for the advice and good luck to you if you are a holder here.
M.

I do hope these predictions are wrong so i am going to wait a while and see what transpires here. I got caugh tout with AST a now worthless company run by crooks now 96% down on my initial invetment of £4000 its not alot of money but it is to me.
All the best to everyone here.
M

Hello board
I was going to invest here at this low price but before i did i decided to do some research please take a look at this link https://walletinvestor.com/lse-stock-forecast/matd-stock-prediction. Not sure i will put anything into this if this price prediction is correct.
Wishing all MATD holders the best of luck for the future. Especially my friend and best man james

Slovenian Claim : Funding Update



Ascent Resources Plc (LON: AST), the onshore Caribbean, Hispanic American and European focused energy and natural resources company, is pleased to provide shareholders with an update on the funding of its dispute with the Republic of Slovenia.

Further to the Company's announcement on 19 March 2021, the Company is pleased to report that it is advancing towards initiating international arbitration proceedings against the Republic of Slovenia under the Energy Charter Treaty and UK-Slovenia Bilateral Investment Treaty. Accordingly, the Company has signed non-binding heads of terms with Enyo Law LLP, a specialist arbitration and litigation legal firm (the "Firm") pursuant to which the Company intends to instruct the Firm to pursue the Company's claims on a fully contingent basis through a damages-based agreement. Upon completion of definitive documentation, the Firm will only be paid out of the proceeds of the arbitration in the event of a successful damages award or execution of a binding settlement agreement if achieved sooner. This non-equity dilutive, non-recourse and full funding proposal is the preferred solution from the Company's perspective, notwithstanding that the Company has other alternative offers also under discussion.
I wonder who the other alternatives offers are from???!!!

So oldblue how is it going over at pathfinder are you invested there too.
Seems both companies are in the same boat except pathfinder have as good as given up on ever getting their licence back and seem to admitted such but not in so many words. Read the RNS's its all there
The same will happen with AST the directors have no intention of ever doing anything regarding the AST Debacle they are just happy drawing their extortionate salaries every month. I am expecting the next RNS will announce enyo law will not act on behalf of AST as it seems to be taking a long time to complete the definitve paperwork mentioned in the last RNS 27/5/21 when they stated they were advancing to initiate proceedings. Must be taking very small steps at a time in their part time roles
But hey ho they also mention they have other alternatives. I wonder who they might be as they did not say who. Can you not smell it yet
Take a long hard look at the other companies Parsons is involved in not one has ever made a profit not one.
According to companies house Parsons has been involved in 17 different companies in the past. He resigned from 13 of those and is involved in 4 now AST being just one of them check out the rest for yourself all the info is out there.
Good luck with PFP
And to all other investors i do wish you good luck to.
By the way oldblue i am an investor been here since 2016 currently 96% down on paper and have never shorted AST.

I am sure oldblue can put a positive spin on that conrad!!!.

Takayama.
Thank you for the reply.
I got the £2.90 figure from a poster below but thank you for correcting me.
Yes i understand what you are saying re a bidding war and will keep a close eye on morrisons in the near future.
Once again thanks for the info and i wish you luck with your investments.
M

Hi guys
I am not an experienced investor i am invested in a couple of aim companies and have never experienced what is happening with morrisons.
Could some one correct me if i am wrong but as i understand it the offer for morrisons will be £2.90 per would it be wise to invest now at this price and wait for takeover. Can someone please explain what will happen to the shares if i buy now, will i still be able to get my money back with any profit from the price now.
Not asking for financial advice just would like to know the procedure when a buy out like this happens.
Thanks in advance
M.

They are celebrating a £500.000 loan note from align research LOL.
Another Parsons company.
Look at the share price over there.
Oldblue that RNS is dated 28th may 2020 so old news and still no progress.
I have to say i do admire your optimism but feel it is wasted on this company once again all waffle no action to date.
As the saying goes if you cannot blind them with science baffle them with B/S

Oldblue.
Yes the next RNS will state they are in advanced stages of preparing the next placing to cover directors salaries and bonusses for the coming financial year 2022/2023.
Just how long does it take to complete the definitive documentation mentioned in the last slovenian update RNS ?
Good luck LTh's we know we are going to need it

Oldblue
You really do not get it do you.
Just research the history of the current directors, always the same outcome with every company they are involved in.
The writing is on the wall you are just not seeing it mate.
Good Luck all LTH,S here.