Ascent Resources Share Discussion Threads

[chinese investor] 19/5/2024 11:25

Ascent Resources PLC

Raises around $1.7 million to help fund investment into a private US holding company, GNG Partners LLC.

GNG Partners has been formed to acquire onshore US midstream gas distribution and processing facilities, which use helium purification and liquefaction.

Raises £555,000 through the issue of 24.1 million shares at 2.3 pence each, with one for three warrants attached exercisable at 140% of the issue price at any time in the next four years.

This comprises a £390,000 placing and £165,000 subscription at the issue price.

Also enters into a new $2 million senior secured fixed coupon loan facility with institutional investor RiverFort Global Opportunities PCC Ltd.

Explains an initial $1 million loan amount has been issued on a 12-month term.

The fundraise and the initial loan will be used to fund the investment into GNG alongside the company’s ongoing costs to build out the new strategy.

Ascent says it has provided a convertible loan of $1 million to GNG which has bought the assets of Paradox Resources LLC out of Chapter 11 bankruptcy.

[razoblade] 10/5/2024 21:21

At least we may see some revenue generation.... Finally

[kaos3] 10/5/2024 07:45

Ast and cgnr are my aim picks

[chinese investor] 10/5/2024 07:13

Promising !

[epo001] 02/5/2024 15:36

7896: What is this clown on about? Filtered.

[toolsmoker] 23/4/2024 07:37

Riverfort to the rescue for the Ferrari fund .and expensive lunches with parsnips

[njw2] 23/4/2024 07:28

Phew Andy's got enough for petrol money for the Ferrari for a few more months .

[mrzippo] 18/4/2024 23:13

Anyone know what the f@@k today's announcement meant? Other than prolonged sh$t for shareholders?

[leexski] 16/4/2024 14:03

I have my stocks and Shares Account with Interactive Investor, the preference shares originally went in to that account then disappeared a few days later I found them in my trading Account so I emailed II to ask why and there answer was as these shares are unlisted so they cannot be entered in to your ISA account.
So that as much as Know.

[keithlorna] 16/4/2024 12:53

Same with my IG account

[nickiegaul] 16/4/2024 11:55

I'm with HL and I've got nothing extra in my account

[epo001] 12/4/2024 11:30

I swear they weren't there the other day but in my AJ Bell ISA I have a matching number of preference shares, value 0.00p

[chinese investor] 10/4/2024 17:29

I'm with HL and the Preference Shares are correctly listed in my ISA and non ISA accounts together with my AST Holdings.
Also they are both correctly listed in my Bell's SIPP Account.

[epo001] 10/4/2024 13:32

Can anyone with an AST ISA holding actually see the new shares in one of their accounts? If so, which broker, which account?

[razoblade] 10/4/2024 12:45

This is why i'm confused with what Leexski mentioned above. If he's right does that mean we have lost our tax free ISA holding due to this special situation holding?

[epo001] 10/4/2024 12:11

My ISA holding is with AJ Bell, I also have a trading account as I use that to pay fees. There is no AST holding shown there, should there be?

[knockcocker] 08/4/2024 14:53

Thank you, Leexski – will take it up with my broker. I don't have a "normal" trading account (only the ISA) so that might be the issue!

[leexski] 08/4/2024 13:51

They can not be put in to your ISA as they are not listed, however they should be sitting in a trading account in your name on the same platform.

[razoblade] 07/4/2024 08:03

They are sitting nicely in my ISA with record of preferential shares referenced in my normal share dealing account. The hearing of the main case will be early next year so still sometime to go.

[knockcocker] 06/4/2024 16:40

I still haven't heard anything re: the preference shares. Not sure if it's because I hold my shares in an ISA and/or that I sold out of AST a couple of days after the qualification date. Anyone else heard anything?

[keithlorna] 05/4/2024 08:51

Just topped up another 10,000. Bargain !!!!

[njw2] 03/4/2024 16:17

Guys what price is the placing ?