Ascent Resources Share Discussion Threads

[linesal2] 06/2/2024 16:59

somebody stated to sell on the 17th Feb after the exercise date.
when AST releases the RNS that they have won damages (which they will) the share price will rocket, so why would any sane individual sell on the 17th Feb when they will have a massive increase plus the special dividend? If they can not afford the risk then fair play, but for me they will stay in the draw until the positive conclusion which will definitely prevail. AIMHO.

[burtond1] 06/2/2024 06:44

If you don't buy an Ascent ticket, you can't win the raffle say @TMSreach"...The share price has, however, begun to recover over the past few days, momentum that might be sustained by this week's confirmation of the Record Date for eligibility for potential proceeds from the claim against the Republic..."https://total-market-solutions.com/2024/02/ascent-resources-plc-2/

[chinese investor] 05/2/2024 10:59

03 October 2023

The Cornerstone Shares shall have warrants attached to them on the below basis, subject to shareholder approval at a General Meeting to be held shortly;

- In the event the Company's wholly owned subsidiary Ascent Slovenia Limited ("ASL") wins its arbitration claim against its Slovenian JV Partner in relation to the parties different interpretations of the application of the baseline production profile, then MBD shall be granted new five year warrants equivalent to 150% of their subscription amount at 5 pence per new warrant share, and exercisable, in full or in part, by paying the cash value of the exercise price to the Company.

- And in the event ASL loses the JV Partner arbitration claim then MBD shall instead be granted new five year warrants equivalent to 200% of the Subscription amount exercisable at 3.5 pence per new warrant share, and half of these warrants shall have a cashless exercise, in full or in part, feature included, while the other half shall only be exercisable, in full or in part, by paying the cash exercise price.


Following completion of the subscription MBD Partners SA, and by virtue of his 100% control of MBD also Mr Ibrahim Diab, will have an interest in 20.54% of the Company's enlarged share capital and accordingly will be classified as a related party.

[chinese investor] 05/2/2024 10:31

Outstanding Warrants at 30 June 2023
71,454,595
5.00

Then there's that complicated Cornerstone Investor arrangement which had Warrants attached to it !

[chinese investor] 05/2/2024 10:02

Details of the warrants issued are as follows:


Issued
Exercisable Expiry date
Number outstanding
Exercise price

---------------

27 January 2022
26 January 2024
20,303,030
5.00p

27 January 2022
26 January 2024
1,000,000
5.00p

14 April 2022
14 April 2025
9,093,750
4.00p

1 December 2022
1 December 2024
15,000,000
5.00p

1 December 2022
1 December 2024
4,600,000
5.00p

4 April 2023
3 April 2025
13,333,333
5.00p

[chinese investor] 01/2/2024 15:22

We have secured "after the event" insurance so there won't be a problem.

The next twelve months they'll be talking about "disclosure" !

[razoblade] 30/1/2024 13:18

"In litigation, the usual position in relation to costs is that the unsuccessful party will be ordered to pay the successful party’s recoverable costs. Such costs may be substantial, especially when dealing with cases involving a foreign element which gives rise to additional costs, eg travel, expert evidence on foreign law, etc. While a defendant may be confident of their ability to defend the claim, they may nevertheless have concerns about potential difficulties in recovering costs that are provided for in any costs order against the claimant. The purpose of a security for costs order, which is an interim remedy, is to alleviate that concern by requiring the claimant to pay money into court, or to provide some other form of security, as a precondition to being able to continue with the claim. Where an order for security for costs is made, the proceedings will often be stayed, pending payment or provision of security"

[chinese investor] 29/1/2024 10:23

ICSID Latest :-

November 20, 2023
The Respondent files a request for security for costs.

December 5, 2023
The Claimants file a response to the Respondent’s request for security for costs.

December 12, 2023
The Respondent files a reply to the Claimant’s response on the request for security for costs.

December 19, 2023
The Claimants’ file a rejoinder to the Respondent’s reply on the request for security for costs.

January 5, 2024
The Respondent files a further reply on the request for security for costs.

January 12, 2024
The Claimants file comments to the Respondent's further reply for security for costs.



So there is an ongoing conversation between us and them !
There could be an agreement at any time !

[linesal2] 25/1/2024 23:04

razor- it is not what you should do in Slovenia it is what you can do "because of who you know", Governance is for outside of Slovenia, If you are in Slovenia the rules do not apply. But, Fortunately where we are taking Slovenia for £650M+ the jurisdiction is outside of Slovenia (& the EU) where they have ZERO control. Thankfully!. This whole debacle just explains 100% why the 27 states of the European Union will never be a success as they are unable to follow Government guidance/policies, they will agree to policies but then ignore them..... I am 100% certain we will all be Compensated fairly in time, But for now Back in the bottom draw for a while but just amazed how some supposedly developed world jurisdictions act. SO GLAD THE UK IS OUTSIDE OF THE EU MAFIA.

[razoblade] 22/1/2024 14:36

I wonder why the court agree to a hearing and then make a decision without one. Arbitration Courts should also be informed how part gov owned company goes bust when told to cough up to 8 million.

[linesal2] 19/1/2024 16:17

well, that stinks of the Slovenian government. Not over yet.

[linesal2] 15/1/2024 13:44

If we are claiming circa £8m in revenue for the period 2019-2023 if we did take over geo the turnover must be greater than £3m a year, can't seem to find geos balance sheet as behind a paywall.

[linesal2] 15/1/2024 13:41

Good to see allign adding to their holdings,RNS out.

[chinese investor] 15/1/2024 10:05

Can't gloss over the fact last week's news was dreadful but if we take over the Joint Partner's operation we might be getting a really good income stream from ALL of the wells.
Those local companies still need gas !

[linesal2] 15/1/2024 07:06

The only correct decision, But I am surprised given Slovenia's track record. was a shame so many sold thinking everything was lost, expect a big bounce. Keep the faith.
Looks like my buying over for a bit (well dip buying anyway).
Taking over all Geo assets sounds nice!

[dodd5y] 15/1/2024 07:03

RNS out. Great news

[linesal2] 10/1/2024 00:00

you may be right. you pay your money and take your chances. or you bail. each to their own, there is no cut-and-drawn answer.

[ic0gcds00] 09/1/2024 19:46

Not worth the risk reward now in holding

[linesal2] 09/1/2024 17:39

I am still topping up, I appreciate now a higher risk but so is the potential reward.
It just seems very convenient for Geo to file for insolvency just as they are about to get a big claim to pay, this stinks of the government colluding with Geo, I am sure AST's lawyers will be putting that forward along with the criminal case for the directors. I believe if production had stopped AST would have suspended the shares.

[linesal2] 09/1/2024 17:32

Nothing has stopped the claim against The slovenian government- in fact it is now even more in AST's favour due to the current corruption, might be a wait but already been over 18 months.

[luckyabbeygale] 09/1/2024 14:28

I sold up here at a loss since there is now no hope at all.

[chinese investor] 09/1/2024 11:47

Does that mean work on PG-10 and PG-11 has stopped ?

[iceagefarmer] 08/1/2024 17:33

what a crooked country slovenia is..no wonder their flag is the same as russias