Ascent Resources Share Discussion Threads

[chinese investor] 20/2/2024 13:42

We need information on wells PG-10 and PG-11A !

[linesal2] 20/2/2024 13:35

agree, a summary of future prospects and current standings is needed now.

[bad gateway] 20/2/2024 07:38

Deadline for preference shares was 6pm last night so thats done. ATB for the win for those holding those.
For new investors though too late for that, if AST do win their case and get paid in however many years it takes the co. will be flush with cash and the market cap of the co. will rise til then its a case of how do they raise funds for their proposed South American mining plans in the meantime?

Next update should be key on reasons to invest I'd of thought?

[keithlorna] 19/2/2024 13:50

These are starting to look cheap again!

[chinese investor] 16/2/2024 10:09

ADVFN Bug ?

[linesal2] 13/2/2024 16:47

if they can get back in...

[chinese investor] 13/2/2024 11:16

It was a WIN WIN situation for anyone who bought the shares at the low price a couple of weeks ago.
They can sell them the day after the Record Date with a GAIN and they also have Preference Shares that could come up trumps a few years down the line !

WIN WIN !

[chinese investor] 13/2/2024 11:08

My SIPP is with AJ Bell and I've just voted for the resolution !

[chinese investor] 13/2/2024 10:10

Do holders of the ordinary shares get 51% of the winnings (after costs etc) ?

[dodd5y] 12/2/2024 19:04

If shareholders get 49% the company get the rest, their market value is greater so price should be reflected by this. If they drop im buying more

[linesal2] 12/2/2024 18:33

But those who are confident of the outcome and hold their shares, will get two bites of the cherry,it could be argued that they could buy back in on the news, but I believe it will rocket on the news and I am happy holding win or lose. And maybe even top up if it does sell off a bit.

[digger2779] 12/2/2024 16:24

bad gateway6 Feb '24 - 20:33 - 7828 of 7831 - I think we can expect loads of selling in the morning of 20th Feb as the ordinary shares will be stripped of any hope value taken on by the pref shares.

[linesal2] 12/2/2024 11:42

Looks like people getting in this week before the deadline. LOL

[linesal2] 08/2/2024 14:50

badgateway- to sell on the 17th Feb after the cut-off (it is only 8th Feb today lol).

[chinese investor] 08/2/2024 13:03

Do ordinary shareholders get 51% of the winnings (after costs etc) ?

[bad gateway] 06/2/2024 20:33

That was me linesal2 and it was the 19th not the 17th..

"Ascent Resources Plc (LON: AST), is pleased to announce that the Record Date for shareholders to qualify for a bonus issue of preference shares for ring-fenced access to an economic interest in 49% of the net proceeds to be received by the Company in the event of a positive Energy Charter Treaty claim outcome will be 19 February 2024."

Seems to me that if you've had the preference shares placed in your acct and they're what you need to hold to gain part of the 49% should they win then why hold onto the common shares given we know that any win should it happen is likely years away and the payout some time after with Slovenia trying to squirm out of it first and all the delays that will cause to said payout.

Coupled with the fact they were ripped off over the 8M euro's and ongoing field revenue with their partners "liquidation" you have a cash strapped co' with no further plays to bolster the share price only the likelihood of dilution if they try to pick up a South American play as is their plan.





Thats why I think holding the pref shares is a no brainer as they're your lottery tickets whereas the common shares after the 24th will have a lot less going for them.

[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