smashing1
25 May 2018
Re: buying agreedon't expect AST to be sold for good moneyreckon will be sold for little / very little moneybut just how little is key!
theprior
25 May 2018
Re: buying Just one problem with the T/O idea......who on Earth would want to pay good money for this one, limp trick, pony?TP
discoste2
25 May 2018
Re: buying great write up desire best on here in very long timelets face it things are bleaker than ever here again!! pg11 is wrecked 10 is max'd out at a quarter of its supposed potential.with 2.2 billion shares and a sp of .008p YET MORE dilution is not an option, would have to be around .005p and would have no appetite! wheres all the money from the previous cash calls + gas sales to date???no doubt Hendersons will come in for billions of conv loan notes at .0025p!!!!!!!!!!agree desire a takeover seems the only option right now!
smashing1
24 May 2018
Re: buying I agreewas there an RNS fairly recently about Directors'/PDMR purchases?I seem to recall there was something but I can't put my finger on the RNS
Baker2005
24 May 2018
Re: buying or you could lose it all. No offer, more cash raising , more dilution....
smashing1
24 May 2018
Re: buying I suppose I was thinking buy at, say, 0.00875p as I could today.2,268,750,000 shares in issue, offer comes in at, say, £30m, I'll make a few quid.Maybe I'm being too simplistic.
smashing1
24 May 2018
Re: buying ok, maybe i'll continue the watching brief a little longer
Desireoil3009
24 May 2018
Re: buying Jings man. I wouldn't if I were you. This 'aint at the bottom yet.
Desireoil3009
24 May 2018
Re: CH Interview on AST Web Site It's disconcerting to see so many of my concerns, (most of which were posted over time on here against a backdrop of ramping euphoria from our residents), now being openly admitted to.TBH, I suspect that letter that DDD referred to has flushed the directors out but in so doing they have had to confess that they have seriously lost their footing.The fiasco over PG11 - "frozen water at the wellhead" refers to hydrates which will always happen when the dewpoint is too high and gas is being forced through restrictive tubing. There are ways and means of dealing with it but all of them cost money - nice and cheap is the route that our BoD are initially taking to knockout water in a drum. I say initially coz I really have my doubts about this one - gonna need a decent lag time in this sep to drop the water out - which means slow flow. They could also use methanol (which, incidentally, is why I highlighted the convenience of the MeOH plant right next door when we first flowed PG10 and it was revealed in the test results to also be water wet - a spot of mutual back scratching would have been just dandy if it had been available) or MEG or TEG. The problem with either Methanol or Glycol systems is the cost - namely the ongoing purchase of bulk chemicals, especially methanol, and a glycol regeneration unit isn't in the current AST budget either. the way Colin, water and Carbon Dioxide DO mix together - very well in fact, to form Carbonic Acid, bicarbonates and other nasties and the last thing your customer wants is pieces of their corroded pipeline appearing at their plant inlet filters. That's why real Sales Gas has to conform to specifications and needs to be scrubbed. Not this 'pretendy' gas that's being sold at such a massive discount.For me, PG11 is finished until AST has a budget to deal with it. Catch 22 it seems - without money as he openly admits, a cash call is back on the cards for well development - something else I pointed out earlier this year.Notice that at 2'20" CH attempts to answer the criticisms that AST need real O&G expertise here, by advising that the initial reports from the consultants were correct........Sure they were but AST need folks like them there 24/7 making instant decisions. CH's race is run here - time to hand over the baton.Also nice to be vindicated on my thinking that PG10 is maxed out to its optimum safe potential - it would have been nicer if you had come clean about that one a long time ago Colin - November / December 2017 would have been a good time to advise that the maximum test rate was no-where near what the planned optimal v risk production rate would be. Maybe CH didn't know it - but his consultants sure did and will have told SOMEONE.Oh yes, and the penalties which I touched on at the beginning of the year, two or three times as I recall. How long do you suppose holding hands and being nicey-nicey friendly with the client will keep the wolves from the door? Penalties are put in place for a reason - to ensure that both parties adhere to the commitments which are agreed and signed up to. Sales gas volumes incidentally, which it would be nice if the BoD came clean again and confessed that THEY decided upon, not the customer. And what exactly is 'material' when CH advises that penalties will not make any 'material' difference to income.And so, whilst there was a perpetual fall of glitter and buy recs and ridiculously capitalised adjectives like 'HUGE' and 'MASSIVE' and 'STRONG BUY' snowing over this BB, the reality was that AST were coming to grips with gas production as it really is. Personally, I'm under water - as I suspect most others are too. There's no way to develop other wells without money. If PG10 ices up, becomes erratic or loses pressure then income is greatly reduced - along with the share price. Any potential partner or buyer knows exactly where AST is at and is wielding the club for sure.Dilution or a takeover.............................I kno
smashing1
24 May 2018
buying reckon it's time I bought a few more ASTseems unlikely to go much lower
discoste2
24 May 2018
Re: CH Interview on AST Web Site the best part of his interview was when he said ast had been "fairly successful" in 10 years!!!!WHAT! seriously 10 years and he says fairly successful! what planet is he on!!!!!!!!!!
theprior
23 May 2018
Re: CH Interview on AST Web Site And I note that they’ve still not managed to get over the 1p hurdle, despite all the ramping.TP
theprior
23 May 2018
Re: CH Interview on AST Web Site And a letter to shareholders which summarises the current situation quite well. It tells a sad story of setbacks and a company struggling to meet even its currently low minimum commitment to INA.But don’t worry CH is happy that he’s done so well !!TP
DanDaDan
23 May 2018
CH Interview on AST Web Site Check it out.IMO , just waiting for a bid that 'values the company appropriately'.In the range £60m to £80m anyone. Already spent £45m...Are the Russians interested in stitching UP Slovenian Gaz into a captive market?Patience pays.GLA.
theprior
22 May 2018
Re: Full ask of 1p paid short while ago Well, whoopi do. Closed at 0.92!!TP
