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

By Evil Banksta | Saturday 20 April 2019

Disclosure: The author has a short position in one or more of the shares mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

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

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