17:24 21/02/2017 Re: Share transfer - Placings Action..
But, Could be landing here tomorrow or Wednesday. "We have received the confirmation email from Primary Bid regarding your allocation of your Ascent Resources shares. Our Corporate Actions Department are in the process of allocating the shares to your account and this should be done by tomorrow or Wednesday at the latest." Bertie.
15:43 21/02/2017 Re: Share transfer - Placings Action..
Showing in my TDDirect share trading account today but when I tried to set a limit sell at 3.20p system said you do not have sufficient stock
15:38 21/02/2017 Re: Share transfer - Placings Action..
Still not landed here. Bertie.
9:40 21/02/2017 Re: Directors buy
What about the other Directors. Did they buy as well. No declarations.. Is it hidden? The Accountants like to make a profit. Did they think that the placing was too risky for them? GLA.
9:24 21/02/2017 1st Gas sales RNS must be in
the pipeline. We were told March for 1st gas sales I believe. 1 week & it will be March. AND the permit. From RNS dated 10th Feb, 11 days ago:- "The Company anticipates being able to provide a positive update on the IPPC permit in the near future." Near future presumably means next few weeks? All IMHO.
9:22 21/02/2017 Directors buy
So CH Splashed the cash...#5,000 (Hold me back) indicating we are not in a closed period. As we are about to go into production with PG -10 followed by PG -11 with a "cash buffer" to become a 2 well production company it would be nice to see this vindicated with some decent Directors buys as a show of confidence. Is that to much to expect? Looking forwards to seeing how they deal with the 1,200m of drill plugged in PG-11, Horizontally perhaps? Welloiled1
8:09 21/02/2017 Re: Share transfer - Placings Action..
Wait for the afternoon session. Expecting lots of share churn as they Bed and ISA the placings. Some may want a fast return.( say 2.12 in for 1.85 going out is that 14%+ ?) But with all that is going on it may not move much. Hold on and play later. Will it dip,- go ask the spread bettors Some may run shorts on their accounts and could get caught out. It will depend on the spread range. Lets see how the afternoon goes. I am expecting a large volume but not much sp movement, for now. TD are probably slow on doing their transfers, as expected. (48 hours even to answer an e-mail, lets see if iii improve on that when they merge). Those that wanted paper certs are still waiting for the postie... GLA.
7:36 21/02/2017 Re: Share transfer - Placings Action..
Shares have landed. Am expecting a small dip as folk sell to take a small profit. Bad move if you ask me. GLA
18:56 20/02/2017 Re: Share transfer - Placings Action..
HL and TD Direct share transfers latest. Jackie reports elsewhere that her account at TD says Transfer due date - 21st Feb.. Now amended from the 27th. Anyone else have any news. It sounds like HL may already be added onto the accounts. Get ready for the PIs moves tomorrow, Sell or Bed and ISA etc? Whatever happens watch the share churn increase in the next few days. GLA.
7:31 20/02/2017 Directors Talk - Primary Bid Interview
http://www.directorstalkinterviews.com/ascent-resources-plc-qa-chief-executive-officer-colin-hutchinson-lonast/412723861 http://www.directorstalkinterviews.com/ascent-resources-plc-qa-chief-executive-officer-colin-hutchinson-lonast/412723861 Ascent Resources Plc Q&A with Chief Executive Officer Colin Hutchinson (LON:AST) Posted by: Amilia Stone 14th February 2017 Ascent Resources Plc (LON:AST) Chief Executive Officer Colin Hutchinson caught up with DirectorsTalk for an exclusive interview to discuss the successful fundraising of #3 million via PrimaryBid, whether they?re on track to bring gas to market in the near future and plans to settle the loan notes Q1: Colin, you?ve announced the completion of a #3 million fundraise through PrimaryBid this morning, can you tell us a little bit more about the fundraise and what the proceeds are going to be used for? A1: The fundraise we announced Friday afternoon after the market closed and we gave investors the weekend to come and invest to raise the #3 million, we were really pleased with the response we got from private investors and institutional investors, existing shareholders and new shareholders. That money is very important to Ascent Resources, we obviously raised #4.5 million back in October, we spent #900,000 repaying some debt at the time, the balance was the cash we needed to get into production, we spent a bit on PG-10 so far but I still have the majority of that money in the bank and could still get into production with that cash. The additional funds are important because it really gives us more options, it allows us to move more quickly, instead of choosing the cheapest supplier, we can choose the best supplier, instead of waiting to do PG-11 once PG-10?s producing, I can move straight ahead to PG-11 straight away. That?s important for two reasons, I can supply the minimum contract with INA from PG-10 but it?s always better to have two wells, I can produce more gas, if I have more gas I can sell more gas, producing more gas also gives me data on what the reservoir does. So, the extra cash is hugely important, it wasn?t desperately needed, I wasn?t out searching for the money, the opportunity has arisen to take it and I think what it gives the company is hugely significant. Q2: Now, it seems like things are progressing well, are you still on track to bring gas to the market in the near future? A2: Yes, my goal is to deliver gas before the end of March and then working every day to try and secure that, it?s very important to keep the company moving from an exploration company to a production company and to start to bring some revenue in. That?s really what I?m working for now and hopefully the new funds will help us to do that more quickly and we?ll get producing by the end of March. That?s not the end of the story, once we get producing in March it?s all about securing the next phase for the company, we need to get the IPPC permit to allows us to build our own plant and start to put gas in to the Slovenian grid. So, this is the beginning of what?s hopefully a very exciting journey. Q3: Ascent Resources still have a number of loan notes on the balance sheet, is the intention to pay these in the near future? A3: Yes, I get quite a lot of questions about the loan notes, there?s obviously quite a lot of conversions of them recently and shareholders are justifiable concerned about the dilution that that brings. I?ve had it suggested to me that I go out and get a bank loan and repay these convertible debts, I?d ideally love to do that but unfortunately the banks aren?t too keen to lend to company?s when they?re pre-revenue and pre-profitability. Once the field is producing and generating cash and we?re positive, I think then that becomes a different proposition of going out and getting debt to potentially repay CLN?s and we?ve obviously got some extra cash at the minute as well which could supplement that. So, there?s no immediate plans to do that but it?s something I can see the benefit of doing that in the future if that was an option.
7:00 20/02/2017 Re: More confusion
PIs have you noticed any shares in your accounts yet? It is your broker that needs a reminder. Do not let them fob you off. Now CH just concentrate on one issue. PRODUCTION of GAS.. Get it flowing to Croatia. GLA. Do not forget that IPPC is due...
8:32 19/02/2017 Re: More confusion
I think that PrimaryBid have now informed all brokers / agents that they will depositing shares directly into respective holder's accounts. If you have nominated II and have given the correct account number I expect that Monday should see some movement. PrimaryBid also seemed to be a little disappointed about the confusion when I called them.
19:08 18/02/2017 More confusion
Desire II say they were unaware as to what was happening to AST shares However they are pleased to confirm that your shares will be added to your account when they arrive with us. How are they going to arrive? I still do not know were my shares are, Primarybid asked me where to send them ie Interactive Investor and my account number, so will they send them to my account with II ? All very confusing As any one got there shares transferred to there account yet Bill
11:50 18/02/2017 Re: Share transfer
I received this on Friday. "Thank you for your email of 15 February 2017. Please accept my apologies for the confusion, there were some crossed wires here as we were not made aware of what was happening with Ascent Resources. However I am pleased to confirm that your shares will be added to your account when they arrive with us."
11:31 18/02/2017 Re: Share transfer
Many PIs will be locked in. It will take weeks to complete the transfers. Is that a bad thing? Be patient and do not go for the fast bucks return. As I said in hold and sell TDDirect who can take 48hours even to answer an email , can take up to 6 weeks for a transfer to be complete. GLA.