Ascent Resources (#AST) – boardroom change, “to evaluate new regional opportunities with a view to diversifying asset base”

Ascent Resources – “official response… has now been received” & surprise, surprise…

Ascent Resources (AST) has updated commencing “the official response from the Ministry of the Environment has now been received by lawyers representing the joint venture”. And, unsurprisingly after yesterday, it ain’t good news…

Ascent Resources (#AST) – official response from Slovenia Environment Ministry now received, “will seek to obtain full redress for shareholders through local and international courts”

Ascent Resources – having argued on permits “good grounds to hope that an objective review... should result in a favourable decision”…

A “Permitting update” from Ascent Resources (AST) that “a report has appeared on a Slovenian government website that the partners appeal against the issuance of the permit to re-stimulate Pg-10 and Pg-11A has been denied by the Environment Ministry”. Uh oh…

Ascent Resources (#AST) – Slovenian government website report that appeal re. issuance of permit has been denied

UK Investor Show video – Ascent Resources (#AST)

Ascent Resources – and there’s the placing as it exploits permit ‘delight’

Ascent Resources (AST) “is pleased to announce that it has completed an oversubscribed placing of 214,285,714 ordinary shares… with a small number of institutional investors. The placing was conducted at a price of 0.35 pence per share”. Particular credit to Evil Banksta – and the company “pleased to announce”, with the price a 30% discount to the prior close?! (“oversubscribed” not exactly an achievement then!)...

Ascent Resources (#AST) – £0.75m placing at 0.35p per share ( as predicted HERE)

Ascent Resources - placing inevitable and imminent - surely it is time just to put this dog down?

My attention was drawn to Ascent Resources (AST) last nightby a number of rampy comments on the boards.  It’s one that I’ve shorted in the past and if you can get borrow then I suggest that you think of doing that when markets open after the long weekend.  The analysis is simple: Ascent is a dog, its business model is farcical, it’s run out of cash again, rather coincidentally (as is always the case on AIM) the share price has been ramped in the last week and a discounted bucket shop placing must be just round the corner

Ascent Resources – permit ‘delight’… but still more needed

Ascent Resources (AST) has updated that the “crucially important” IPPC permit has been confirmed by the Slovenian Environment Agency to the company’s partners “as fully valid, no further appeals against the permit are possible” – and shares in the company have currently responded to 0.625p, 25% higher…

Ascent Resources (#AST) – IPPC Permit confirmed, “no further appeals against the permit are possible”

Ascent Resources (#AST) – filed appeal against recent decision of Slovenian Environment Agency to request an Environmental Impact Assessment

Ascent Resources (#AST) – currently to maximise production within terms of existing permits & look to grow in the region e.g. Romania, Hungary, Croatia

Ascent Resources (#AST) – to appeal Slovenian Environment Agency decision to order environmental impact assessment for re-stimulation of Pg-10 and Pg-11A wells

Ascent Resources (#AST) – raises £0.35m (£0.33m net) at 0.3p per share via PrimaryBid

Closing 5PM Sunday: This weekend's Primary Bid offer is Ascent Resources at 0.3p - you know I am almost tempted

Ok Ascent (AST) has been screwed by the Slovenia government but it may yet extract value there and it is now ,looking at other "identified" opportunities. backed by Henderson it will survive and I do not blame the management for what happened but the Slovenes so I sort of rate Colin Hutchinson and his team. After all, an Ulster man can do no wrong in my eyes. So this is just a sub penny share punt and I am almost temptedto take up the offer via Primary Bid as a small flutter. Here's why...

Ascent Resources (#AST) – looking “to expand its interests beyond Slovenia”, but cash only €0.4m!

Ascent Resources (#AST) – potential claim for damages re. continuing permit delays, condemns “abusive communications” to Slovenia public officials

Ascent Resources – having previously warned, what’s the latest?

Having been slumping at the time of my previous update at the end of last month, shares in Ascent Resources (AST) have recently nudged higher, with the company having made “Posting of Circular and Notice of General Meeting” and “Corporate Update” announcements…

Ascent Resources – I warned ‘what’s happened with previous verbal assurances of support?’, and now…

In early August, as its shares soared on the back of a “Permitting update” including “the company has been assured the required permits will be processed without undue, further delay, which the company takes to mean they should be issued in final form in the next two months”, I warned on Ascent Resources (AST) - positive permit assurances… but what’s happened with previous verbal assurances of support?. The shares are currently slumping on the back of a further permitting update…