Ascent Resources Share Discussion Threads

[ammu12] 25/10/2017 12:40

Come on ast!!

[oilisgold] 25/10/2017 12:23

Brando it’s very rare for me to invest in AIM companies and the ones I did invest in did ok. AIM has only been around for 22/23 years and in that period very few have made it to the top, in other words main cap-index. Only 26 companies currently have a market cap of more than 500million in AIM. I was in Domino’s pizza and made a nice little sum as well as Zergo Holdings. Success stories are far little in AIM and when the market represents you the opportunity, you need to grab it with both hands. AIM these days has become “trader’s world”, where punters are happy with 10%. You will notice on each chat board there are few that always cause fear and panic but are happily trading away according to their agenda. Shares like AST which are predominantly pi driven then become even more volatile.

[chinese investor] 25/10/2017 12:02

Welcome LSE posters !

[brando69] 25/10/2017 12:00

oilsgold, can i ask what are the other five AIM stocks that have tempted you in the past?

[oilisgold] 25/10/2017 11:51

Clive, you are correct. There are traders out there that are invested in this share that want out, so it will come as a shock to them seeing a moderate rise. The market will re-rate accordingly to the news. Expected revenue of 300k and small revenue from the “local customer” is not to be sniffed at in AIM Company. The rewards will come later on as institutional investors start buying in (that is assuming no take over). Plenty of scope to increase the revenue, we need to remember huge gap in the market for Gas and AST is in a good position to fill that Gap. Long term rewards outweigh any gains small term.

[chinese investor] 25/10/2017 11:46

Ministry of Environment and Energy
Radnička cesta 80, HR – 10 000 Zagreb
Phone: [phone]
Fax: [phone]
Personal identification number (OIB): 19370100881
Tax number (MB): 2831309
Ministry opening hours: Mon-Fri 8:30 to 16:30.
Office hours of the registry for citizens are every working day between 8:30 and 13:30.
Minister: Tomislav Ćorić, Ph.D.
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]

[clive205] 25/10/2017 11:41

Given poor expectations management by the BoD over a long period of time it's understandable that holders are narked about the perceived lack of progress and hence you're probably right that some will take the opportunity to sell out on any rise.

[oilisgold] 25/10/2017 11:26

“Still nothing”. We have been advised via the RNS “short time frame”. One can interpret it in many ways. Depending on which country you are from, it can mean anything. I certainly don’t expect any news this week. The main question in majority of investors mind is “when to sell”. It’s up to the individual, but a little guidance based on historic share price and based on other AIM companies can sometimes help the individual, in other words point them to the right direction. We certainly expect a “sell off” to an extent as there are many frustrated investors/traders that were spiked or just want out. So, one can expect a moderate rise on the event day. However as it’s always been the norm for a producer the re-rate occurs over the weeks that follow. Speaking to an Analyst (Fund manager) from Jupiter Asset, he agrees with me. It’s very rare for me to buy into AIM shares and historically I have only invested in 5 before AST.

[brando69] 25/10/2017 11:03

consolidation, accumulation by shaking out loose/bored/weak holders/stale bears etc. patience will be rewarded here

[quazie12] 25/10/2017 09:20

Topped up a nice chunk at 2.05p just now. Sit and wait for the signature and resultant revenue flow

[lithological heterogeneities] 25/10/2017 08:58

still nothing

[courgras] 25/10/2017 08:54

08.35am post, i have it confirmed. it helps to talk to the right contact in the country, and not someone who was involved with the process a month ago.

[ammu12] 25/10/2017 08:52

So from oilsgold comment it looks like Ina certification is a when not if?

[courgras] 25/10/2017 08:44

that marijan email is out of date, that peteson is talking to the wrong man:


On Thu, 19/10/17, Marijan Krpan
wrote:

Subject: Re: INA pipeline
certification




I am not in rush because I did my job
month ago. You are writing to wrong adress ...
Mk

[courgras] 25/10/2017 08:35

signed only on Thursdays, tomorrow imo

[oilisgold] 25/10/2017 07:52

Thanks. These days trying to get the right information is almost impossible and if you are a newbie investor it gets even harder. Chat boards are full of investors with agendas and “egos”, where everyone thinks he/she are right. Guess that’s why in AIM shares “you buy on rumour and sell on news”.
The facts are Colin has been ringing INA every day and we need to remember he is only in contact with a representative from INA. I worked in Croatia for almost 6 years and I have far better knowledge then many. One thing I know for sure getting approval for something is not simple, far too many signatures required and that is a fact. But I do believe when Colin stated in the RNS that final signatures are now required. From my experience that is what is required and to me it’s a done deal. I once got my paper work signed for a permit at 11pm at night time and the email was received within 5 minutes, on another occasion it took just over 4 weeks to get the final signatures from the government department. It’s not UK, this is Croatia. When I was in Croatia, we always knew when we received the email, saying final signature required it was a done deal.
Its predicted winter will be harsh in Croatia this year, so INA will want this signed within very soon. Need to also remember the government owns just fewer than 50% of INA and the Hungarian company owns the other sub 50%. The Croatian government wants the full 100%.
As for price predictions, a lot are saying 3.5p 4p, 8-10p because the charts are saying so. The market will rerate according to the news and INA hasn’t been priced in due to uncertainty (which still exists). Price in INA news and you are looking at 3p plus.

[jakecat1] 25/10/2017 07:33

Curse of posting... straight back down to 2.0p - 2.05p... Interesting though.

[jakecat1] 25/10/2017 07:32

Big spread pre-opening. 2.0p - 2.25p... Mmm

[mick113] 25/10/2017 01:02

I have recently the past few days been building a position. I normally do not post much but i have to say this is well undervalued and reminds me of SOU @ 2p! Only bigger and more Gas!

[dondon75] 24/10/2017 23:03

Good posts Oilisgold.

[oilisgold] 24/10/2017 20:35

Always have had AST on my radar but i always knew getting approval in Crotia would be a major issue. 99% of investors here have never had any dealings with the croatian side. There are 3 final signitures required, the final one is from the head of Minister of foreign affairs who is also the head of Energy and development department there. From what i know it could be signed next Thrusday but all depends on his workload. The delay was due to one of the ministers not sending the signed form to the next department, documents were kept on his desk for just over 3 weeks as he was on annual leave.

Suprised majority of investors havent got a clue about the process and have been posting non stop rubbish. Must admitt i have never have read more rubbish in my life then some of the idiots posting on LSE AST bb.

Keep an eye out on two 10 to 15% days before the RNS. Leak will occur and that is a gurantee.

Good time to be invested in AST and 2p is a no brainer. Target exit price is 4 to 5p after IPPC permitt. We should get an update end of November and talk is 99% judgment going in our favour and added bonus is the individual will not be appealing against the decision. We always thought it was a delay tactic and rightly soo.

[boobly] 24/10/2017 15:45

oilisgold :... I agree , irrespective of the dilution effect of the massive CLN sales this Company has been traded into the dirt , in part by the overconfident , overenthusiastic , overpromised delivery by a somewhat naive CEO and the mysterious behaviour of a disingenuous , distasteful Chairman .
Many people just want their money back (2p~3p) and are likely to sell on `The` news .
When the dust settles we may eventually start to see the share price rise on fundamentals .
In the US , there has been a huge increase in Gas supply (Primarlliy shale operations)
however , reserves are c. 5% lower today than this time last year , and some analysts are predicting a rise in the gas gas price because of the switch from coal fired electricity generation , and a huge growth in demand from both existing and many new industries turning to cleaner more flexible gas .
I expect in time this trend will accelerate across Europe . Medium term this can only be a positive backdrop for AST .
I suspect you`ve bought in at exactly the right time , and don`t have that curse of historical disappointments here .

[dandadandan] 24/10/2017 15:30

The current INA income is projected at Euro 3.6 million pa. It just needs a signature to start it off.

Current company gas assets are estimated at 450bcf, equivalent to approximately £200m.

Mcap £44m at share price of 2p.

Just listen to the last CH interview for confirmation.

GLA.

[bidmsa] 24/10/2017 15:19

any body worked out the value of ascent?

give me some figures if you have.