||EPS - Basic
||Market Cap (m)
|Oil & Gas Producers
Ascent Resources Share Discussion Threads
Showing 33276 to 33298 of 33300 messages
|IehBuy low sell highRinse repeat|
|2 million, full ask.|
|Natural Gas Price Exploding !
I Hope You've Got A Fix Priced Gas Contract !|
|Test in Dec/Jan.
If test ok then production in 1h2017
If test bad then no production.|
|Production in Q1|
|Production in January|
|10 weeks to production.
Test any time in the next 4.|
|3 weeks to production|
|yes atlantic systems being blocked...could be coldest winter since 1963...fast track to gas|
|Cold Spell Coming - Good For AST !|
|It's not going to go below 1p so you can discount that possibility straight away.|
|IMO they are dead money until they are converted.
One advantage of keeping money in CLNs rather than shares is if the share price goes below 1.0p and the company somehow gets enough cash, then at least the CLN holders eventually get their money back.
Henderson and others have during 2016 been happy to take the (20% to 30% rough approximate average profit) by converting to shares then selling. You consider this a tiny profit, but in an uncertain world, many tiny birds in the hand look better on an accounts ledger, than pencil marks in the margin about what may one day emerge from the bush.|
|They're not really dead money, though, are they? If they're converted when the share price is 3P and immediately sold then they've made a huge profit. If they convert now and hold then it's a gamble. If they convert now and sell then they'd made a tiny profit.
So, yes, I'd expect some conversions on the way up but not at the level that you seem to expect.|
|The CLNs are not earning any interest – they are dead money and not without risk.
I would be surprised if they were to be left gathering dust until 19-11-2019.
If there were to be a T/O then CLN holders probably have an option to be repaid in cash or to convert to shares, which ever is more profitable.
If there is not a T/O soon then I would expect conversions to resume, and share selling.
There is only so long that Henderson can sit around in its party frock (holding 20.64% ) waiting for a date.|
|That is all true and I cannot argue with the facts you state.
However, Henderson & others have held on to the vast majority of their CLN's since 2013/2014 and therefore there is currently nothing to suggest that there will be a great rush to convert in the next 12 months.
I'd add that they currently own 20% of the shares in issue so would also need to be careful of the 30% rule.
And finally I'd suggest that I don't believe Ascent will exist in its current form within the next six months so see this as very much an issue for the next 'guy'.|
Henderson have only agreed to defer the redemption date on the balance of approximately £8.2 million 2013 and 2014 Loan Notes (including rolled up interest) to 19 November 2019. The redemption date of the £1,050,000 2016 loan notes is also 19-11-2019.
The redemption date is only for repayment in cash (which the company might not have until 2019)
CLNs can be converted to shares at any time, if so requested by the CLN holder.
Henderson have not said anything about not converting their CLNs into shares before 19-11-2019.
Previously the CLNs had a redemption date of 19-11-2016.
During 2016 Henderson and others from time to time converted part of those CLNs to shares.|
|Stonefold: Are you referring to the CLN's that Henderson manage and have deferred repayment on until 2019?|
One reason for more dilution in the next twelve months is that the company may not be earning enough money to repay the CLNs. Any CLN holder can request conversion and the board is currently authorised to issue up to 710,619,400 new shares, some of which could be used for debt conversions.
Although 1.1p is a reasonable cut-off point for those selling the shares they acquired at 1.0p via placings or conversions, the Dec/Jan extended flow test (as you say) could deflate or puncture the price. If a situation arises where the expected revenue start date is delayed, then the share price may fall so far below 1.0p that debt holders look for other options to minimise their loss.|
|Large increase in volume with a tick up. The game's afoot Watson!|
|Your stop will get taken out then rise to higher levels....|
|Excellent. Yeah, I'm risking a lot more here too.
I only discovered AST in June so missed the rise from 0.6. Should be no reason for dilution in the next 12 months and the absolute bottom is 1.10 so there's not much downside from here but plenty up I'd have thought...unless the flow test is an absolute disaster (it won't be)|
|I'm 10 times bigger in this than our "other" share!!So like this one a lot|