Ascent Resources Share Discussion Threads

[chinese investor] 28/10/2023 09:01

Long term shareholders who lost money because of the Slovenian Govt antics should be compensated first !

[chinese investor] 28/10/2023 08:46

I too expect an influx of carpetbaggers !

[chinese investor] 28/10/2023 08:45

My 3rd trance, which was just a couple of weeks after the 2nd, was on 23 August 2016
61,327 £889

The price was 149p in new money !
(n.b. the share price of my second trance was 200p !)

The 61,327 is now 613 (because of the 1 for 100 consolidation)

[dodd5y] 28/10/2023 05:36

This is very good news. I can see a flood of buys coming in when this is setThe Company also announces that it is considering a distribution to qualifying shareholders on a future record date of an assignment to part of the proceeds which would be received by the Company in the event of successful monetary damages payment in relation to the Company's Energy Charter Treaty claim against the Republic of Slovenia. This would, if implemented, enfranchise qualifying shareholders with access to a portion of the damages proceeds being claimed which would not be exposed to future changes in the capital of the Company. It should be cautioned that in the event the Company is successful in its claim any amount actually received may be significantly lower than the full amount being claimed for.

[digger2779] 27/10/2023 16:11

Cheers guys. I forgot to factor that in as not been in this for that long. Hope everyone gets a decent return here.

[linesal2] 27/10/2023 16:08

@100/1 conversion

[chinese investor] 27/10/2023 16:03

My second trance was on 8 August 2016
100,000 £2,012

In new money they cost 200p each !

[chinese investor] 27/10/2023 15:59

digger,
The 256p is the price adjusted for the consolidation (1 for 100).

It would be nice if long term suffering shareholders (e.g. me) were rewarded !
It only seems right !

[razoblade] 27/10/2023 14:10

Yeah add me to it. Its been 10 years of pain

[toolsmoker] 27/10/2023 11:46

I'd imagine they set a date for holders. If you own on that date you get that percentage of claim .could cause a stampede if they do sanction it

[digger2779] 27/10/2023 11:38

Chinese Investor26 Oct '23 - 09:42 - 7716 of 7717

38,673 at £2.56 is a lot more than £1,000. ie £99k

[linesal2] 27/10/2023 11:28

wander what the criteria will be for qualifying shareholders, I have been in a long long time so should be ok, good they are going to share some of the wealth :-)

[chinese investor] 26/10/2023 08:42

I bought my first tranche of AST shares on 16 September 2015.
38,673
They cost me £1,000

The share price was 256p in new money !

[bad gateway] 25/10/2023 15:13

Well you can't knock their business plan. As you posted £1.5M this year, approx 3.5M euro's next year, 650 odd Million euro's the year after.
Not bad growth for an aim oiler.

[linesal2] 25/10/2023 15:00

To be honest I think that is what they believed, They will now get more money each month from the extended wells production, and backdated revenue +interest for what they are owed since 2019. I also thik you will be seeing a lot more of mr 250k;-)

[bad gateway] 25/10/2023 13:10

Don't disagree, just think they led pi's to expect the award straight away not some time further down the line. Mr 250K looks to have decided he bought too early. Quite a hit for a 13 minute trade.

[linesal2] 25/10/2023 12:52

bad gateway- also interesting that AST has asked them to look at the books,we know Slovenia bosses like to fudge things so they were probably pulling the wool over Collins eyes since the day he moved in... I still can't understand why he did not pursue this previously, but he was under tremendous pressure from ARSO and A certain minister that got fired. I think we were all expecting the figures but we got the win and the money will follow. It must also influence an out-of-court decision regarding the main claim, as it is a slam dunk now.

[bad gateway] 25/10/2023 12:43

Sounds good value down here but understand the selloff. Market was expecting the award today not an interim decision with a final decision in six months and cash award some time after.
How they handle the warrants will be interesting imo as they know they've won but not what they are to receive or when.

[linesal2] 25/10/2023 12:03

once this news sinks into the market we will move markedly higher IMHO.
Current mcap £6.8, we just got £1,5M and due circa £3.5 M, =way undervalued.

[linesal2] 25/10/2023 11:58

an appeal will only be granted if 1 of the below can be proven,
The arbitrator lacked jurisdiction to make the award. (NO grounds here)
The award was made in breach of natural justice. (NO grounds here)
The arbitrator acted improperly or exceeded his or her powers.(NO grounds here)
The award is in conflict with public policy.(NO grounds here)
so basically there will be no appeal.

[linesal2] 25/10/2023 11:54

Slovenia has had to pay Billions in claims over the years for the mistakes of ministers/corrupt ministers, they are a part of the EU so have to abide by the EU financial rules.

[everready1] 25/10/2023 11:53

can they appeal?

[toolsmoker] 25/10/2023 11:51

It has ti be honoured unless they want to close the company down .its government run so they are going to pay .the same way they will be paying the large claim

[everready1] 25/10/2023 11:49

will they have it honoured ?

[linesal2] 25/10/2023 11:36

It is the best news, just imagine the benefit this does for the main claim of circa 650 Million Euros, This evidence of robbing us shareholders will be paid for in spades come the award from the main claim. Finally getting justice!