Thanks for those words of wisdom, Dan. Just your last line which has me a little perplexed. Consolidating nicely just how does this sit alongside your 1.60 ?
And, by the way, its not. Its down today.
If you do not like what is written here just put the writer on ignore. That is fine with me.
No personal abuse is dished out here, just views, opinions and researched details.
Saving others time and effort.
So keep it up EC, I like your enthusiasm. There is usually an element of reality in many postings. that some people may not always like to read.
It is called the art of sharing.
So Tntiwhag and HH how about writing something and sharing with us your opinions and depth of AST knowledge. Just how much of a contribution have you recently made to this bulletin board.
Everyone is entitled to their opinion. Do hope you have not lost too much money with your investments or are you being primed by vested interests of the BoD or a broker. Some people can be enlisted just to confuse?
It could also be argued that some people do their own research, know everything and from then on like looking at a blank canvas in silence. That is not me, I enjoy others views , opinions and artwork.
Now as you have put me and EC on ignore you will not read this message.
That is fine with me, as I always say DYOR and ignore me, it is your money that you invest.
I just can't stand it any longer and have blocked both EC and DDD today. I'm not going to miss the wild (& mostly inaccurate) speculation, the subliminal MESSAGING, the conflicting thoughts (often in the same message), or the utterly pointless messages to the BoD; Market Makers; Gazprom, Petrol, INA (and other similar companies (none of whom read this BB)).
and Petrol to form another Company and buy Ascent with it. Both are already involved and easily have the financial muscle to do this. Split investment and profits 50/50. Petrol are the operator and are a Slovenian Plc. INA already process in Croatia all the gas that is produced and could take more up to the max separator capacity of 8.5 MMscfd while they jointly build the gas processing plant in Slovenia with much greater capacity and the connection direct to the Slovenian grid.
ALL WOULD BE HAPPY!!!!.
It may be an exercise in futility TP. Did he not place you on ignore for pointing out his crass ignorance at around the same time as he did me?
Doesn't matter anyway - he's now chasing his tail so much that he'll soon disappear up his own proverbial.
Friday @ 15:43 - "The field is commercially viable >>...IMHO. Surely wells 10 and 11a proved that. ".
Today 09:14 - "Bottom line. Is the gas field >> commercially viable? This is obviously THE question."
Unbelievable how he has the unmitigated gall to pepper this BB with meaningless and often misleading posts whilst brazenly admitting "I'm no expert....." today.
Try the ignore button - it cleans the page up something else.
Well, with their own broker (W.H Ireland) valuing the whole lot at 5 to 6p........ yes, really I suppose 3 to 4p seems ok. Reality IMHO 3p would be great, all things considered. I mean current sp is 1.25p to buy. So a potential 3 bagger!!!!!!!!!!!
Well, with their own broker (W.H Ireland) valuing the whole lot at 5 to 6p........ yes, really I suppose 3 to 4p seems ok. Reality IMHO 3p would be great, all things considered. I mean current sp is q.25p to buy. So a potential 3 bagger!!!!!!!!!!!
I like your enthusiasm EC, but cannot agree that those options are irrelevant.
All that hard work for no reward after over 5years waiting.....
Money talks, IMO and the BoD want their Bonus, that is why they awarded themselves the shares at the option price just under 6 months ago.
Hendos got their pay off and the sell off seeds were sown.
So unfold the plan and reap the harvest.
Who is the chess player on the BoD.
Pay off time is due, plus you have to keep those 'Irish eyes smiling', after all that extra effort and sometimes misdirected abuse. Tweet tweet...
Follow the money and examine the big picture carefully.
All IMO 3p to 4p.....
Just be patient and buy if the MMs dip the price...
Sp manipulation allegedly. Lets see what the FCA make of it eventually.
I think some people are forgetting Ascent have a couple of million in the bank now and are at minimum at break even level even with one of the wells off line following the repair work and subsequent water issue that is being worked on at the moment.
So IF we don't get a jv, and IF we don't get taken over we are still alive and kicking. Plus the elusive IPPC permit could arrive any day.
To me the surrent sp is a steal with all the potential upside.
The directors share option price is irrelevant. They could hardly say Ascent are worth x, but my share options are x + 1p, so that's the minimum!!
Also the 40 million Euros spent so far cannot totally be put up as to be totally compensated for because of the bad luck Ascent had i.e. no one to sell their gas to for what.... 5 years or so! It's like saying I wasted £200K due to incompetence and bad luck when renovating my house but I want that added to the sell price! NO!
Bottom line is Ascent have (at last) demonstrated the gas field is commercially viable but needs what...... a minimum of £6 million spent on the next few wells to bring forward the profitability from 2 to 3 years from now to 1 to 2. Once a couple more wells are producing along with the first two the profitability should rocket. Then more wells, then even more profit etc... At the moment with just 2 wells the revenue to plough into the next few wells would take what... 18 months at least and no-one wants to wait, especially the share holders.
I'm confident they will at least find a jv partner. If we are lucky INA, Petrol, or both combined will take us out for 2 to 3p.......... I reckon most likely 2.5p if it happens. A case of buy and wait for the news I think.
2.64p would not give the BoD much of a return on those options EC.
My contacts suggest between 3p to 4p, but they may be wrong.
Now do Cadogan want a second bite at the cherry before selling to PETROL?
CC likes to make money - all pals together.
Remember someone wants this on the cheap, IMO.
Keep the sp low MMs the FCA must be watching out for more sp manipulation signs......
(How much did the Banks have to pay in compensation when they were finally called to account for interest rate rigging..)..
commercially viable? This is obviously THE question. OK we have 2 wells, one of which has been delivering commercial quantities of gas for 6 months. Then we have the RNS from Ascent's RNS of 17th April this year:-
"The Company has received several expressions of interest from industry players interested in working with the Company to expedite the development of Peti£ovci, including through farm-outs and general strategic partnerships.".
I'm no expert but it seems to me the gas field is almost certainly commercial judging by the above.
So IMHO we will at minimum get a jv in my opinion.
If it's a takeover it's got to be INA and Petrol doing a JV to take us out I reckon.
£60 million I guess, so £30 million each.
£60 million is 2.64p a share.
That's my guess anyway!
Hargreaves Lansdown say - BID Situation - being aquired.
MCAP approx £29m and virtually no DEBT.
Spent £40m + on the P Project.
Income Stream Positive.
The CEO (a professional accountant) says NPV should be £200m
The BoD hold millions of share options at an average of around 1.8p and want their PAY OFF.
The FCA must be watching now so beware 'AIM Brexit Share Price BENDERS'.
Someone wants this on the cheap.
Watch out next for the RNSs and TR1s, they cannot get lost in the post....
Something must give and this sp will head NORTH.
Come on MMs turn off the 'deep pockets' BOT that HOLDS THE LINE....
The sp has been rising for the last few days on big volume following Ascents "strategic review" which also says they are open to a bid. Possible players here are INA, Petrol, Gazprom and Cadogan. Any of these could be building a stake IMHO.
INA may want to build a stake with Ascent to have more control over what happens in all these discussions. INA buy Ascents gas at the moment making a hefty profit selling it on to the grid. They would not want someone to take over Ascent and mess up their arrangement.
Food for thought.
Look what the BoD did in November 2017 after clearing those CLNs.
They doubled the awarded to themselves for share options and slightly increased the average exercisable price to just around 1.8p.
Now WHI reckon the field value is about 5.95p.
CH has already said that the NPV is around £200m.
Already they have spent over £40m on this project.
The current Mcap is just £29m with an sp of 1.28p.
They have laid this out on a plate ready for the taking.
The BoD want their pay off, IMO, especially CH and CC.
5 years in the making.
other than the one about directors share options.
Where would the sp be if the IPPC license RNS appears??
I'm guessing spike to 1.8p.
We will see (I hope).
Then as the Co's up for sale we could get a bid and 2p or more is my guess on that one.
Lots of RNS's to come from Ascent in next few weeks!!!!
If people are reading into this that an offer has been made they are quite mistaken. If an offer was received it would have to be immediately disclosed. Witholding news is also outlawed so if the IPPC has been issued that also would need to be disclosed.
Of course directors have insider knowledge but, again, there are rules about where and when they can use that. Share purchases are not possible during closed periods. Directors buying can show faith in the future success of a company and are usually applauded, rather than criticised.
I dont see this rise sticking. I think folks have the wrong idea.
Forgive me for appearing thick, but the disclosure only tells us the position of the Offeree, the holdings of key players.
No offer has been made and the disclosure tells us nothing that wasnt already in the public domain.
Why has the sp suddenly jumped?
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