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London South East - Oil & Gas Investor Evening: Malcy, Echo, Savannah, SDX
Paul Welch speaks at London South East's Oil & Gas Investor Evening


Vast Res Share Chat (VAST)



Share Price: 0.61Bid: 0.60Ask: 0.62Change: 0.00 (0.00%)No Movement on Vast Res
Spread: 0.02Spread as %: 3.33%Open: 0.625High: 0.625Low: 0.605Yesterday’s Close: 0.61


Share Discussion for Vast Res


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FirstTimeBagger
Posts: 392
Opinion:No Opinion
Price:0.61
Marange Documentary
Today 16:30
A new documentary on Marange has been released which covers some of the issues facing the communities in Marange. I have to say the deal being by brokered by Vast giving the community 25% profit share could be a real game changer for people in the area. It’s disgusting how the other companies have behaved, let’s hope Vast sets a good example which benefits everyone.

https://m.youtube.com/watch?v=UKTovWEYHdc#
 
Morningsun
Posts: 306
Opinion:No Opinion
Price:0.61
Rio Tinto
Today 15:31
Just heard on Bloomberg TV that Rio tinto is closing it's argyle mine in Australia in 2020 and their Canadian mine in 2024. Their CEO just stated that Rio likes diamonds so they have to find replacements.

Always good to know that big players are looking for what we have!

GLA
MS
schmoops
Posts: 415
Opinion:No Opinion
Price:0.61
RE: Just noticed on Twitter....
Today 13:26
Strictly speaking Vast already does operate as several entities given each mine is owned by a different subsidiary/acquired business, Vast is just a group.
ian67
Posts: 3,550
Opinion:No Opinion
Price:0.61
re cast
Today 13:22
Anyway shift finished, started at 445 dark o clock . So off to freshen up and back for 4pm to close the gaff. :-)
ian67
Posts: 3,550
Opinion:No Opinion
Price:0.61
re morning cast
Today 13:20
Don't get me wrong, i have not time for any of them the red is a total zoomer and our one is wired to the moon. They only feather their own nests at our expense. Chuck in imo. Thing are looking good for us and i believe others will soon cotton on to the fact that we are one of the safer bets on AIM.
Castaway
Posts: 9,519
Opinion:No Opinion
Price:0.61
RE: morning cast
Today 13:13
Hi ian, fine thanks as I hope you are!. Well She went for the job that no one else wanted, as it's impossible.
Apart from market sentiment it won't affect VAST hopefully - I am sure it will work out in the end no matter what happens UK is so interlinked with Europe. Looks like it may get a bit messy before it's resolved though.
ian67
Posts: 3,550
Opinion:No Opinion
Price:0.61
morning cast
Today 12:44
Fit and well i hope. Things just a bit down just now teresa being lined up for the patsy..... poor girl. Then BJ rides up on his white charger and buddies up with that other numpty across the pond.
Castaway
Posts: 9,519
Opinion:No Opinion
Price:0.61
RE: Just noticed on Twitter....
Today 12:17
I agree with you Pepco - again it is the market not understanding our assets - if people knew the Russian system was good they would understand. It's not too difficult to convert to JORC if you have the original cores that were taken, but if you don't it involves a bit of evidence gathering and extra drilling presumably?
ian67
Posts: 3,550
Opinion:No Opinion
Price:0.61
re re vast
Today 12:10
:-) i said that 3 years ago. I am hoping for a solid set of prod figs from man. Enough to cover debt plus a tad on top. Then just have to wait till market wakes up.
ToddSlaughter
Posts: 877
Opinion:No Opinion
Price:0.61
RE: re Vast
Today 12:04
Stop greetin' Ian - this time next year Rodders:-)
Dodge100
Posts: 1,623
Opinion:No Opinion
Price:0.61
RE: Placing
Today 12:03
The mines that are operating are Manaila and PP.

PP production profit carries a Zimbabwe bonus and are being ploughed into Eureka to get that producing.

Manaila is producing but Vast have drawn down $4M of tranche 1 funds to pay off debt and own the mine, so the production selling is mostly paying for this facility, recent placement was to upgrade equipment to larger carriers of ore and more fuel efficient runs thereby increasing profitability to enable tranche 2 draw down and to upgrade processing equipment to expand into Carlibaba. Tranche 2 draw down will also be used to get Baita Plai in operation now Vast have the licence, tranche 2 is for $5.5M, the debt/offtake agreement will take all production from Manaila and Baita Plai to cover the cost of the draw down and give Vast a profit. There are also tailings to add into production.

Placements going forward are for other projects and to get a bigger slice of the pie, take Zargra forward, take Blueberry forward, and take up as much of Marange as possible.
leemorris
Posts: 1,261
Opinion:No Opinion
Price:0.61
RE: Just noticed on Twitter....
Today 12:02
Pepco your understanding is quite correct , ema/vast will need a JORC resource for the iPo of blueberry. The same can be said for Zagra , for institutional investors we will also need to produce a Jorc resource . This is the only recognised way of updating the value of the mines and the mine resource plan .
ian67
Posts: 3,550
Opinion:No Opinion
Price:0.61
re Vast
Today 12:01
Effin diamonds effin gold effin silver, AP what are you playing at mining all these keek minerals. We should move into sand or dirt........ then watch us re rate :-).
hope2gain
Posts: 238
Opinion:No Opinion
Price:0.61
RE: VAST
Today 11:12
APOLOGIES. I SHOULD HAVE SAID I GOT THE EMAIL FROM VOX THIS MORNING REGARDING AN ARTICLE FROM YESTERDAY
hope2gain
Posts: 238
Opinion:No Opinion
Price:0.61
VAST
Today 11:10
A nice mention in Vox Markets weekly review this morning, joint venture with Botswana Diamonds. The more exposure the better. Looking forward to an excellent end to the year. The only way is most definitely up. Next two weeks or so will be particularly interesting. GLA.
perroverde
Posts: 752
Opinion:No Opinion
Price:0.61
RE: Just noticed on Twitter....
Today 10:50
Pepco I totally agree - and that's why I have always also thought that there's an argument for splitting the company into two separate entities (Zim and Rom) whereby 2+2= a lot more than 5 - because there will always be investors who won't touch Africa/Zim and others who won't touch Rom for whatever reason. But in fairness I think that's a while away yet.
loneeagle
Posts: 215
Opinion:No Opinion
Price:0.61
RE:Placing
Today 10:47
O.K thanks Badgernator.
perroverde
Posts: 752
Opinion:No Opinion
Price:0.61
RE: Just noticed on Twitter....
Today 10:46
Yrab yes it's a 'Russian System' of resource rating estimation. Jorc is an Australian code (but also internationally recognised). Hence your understandable confusion between 'Russian' and 'Romanian'. I'm no expert but have heard some say that the Russian system is actually more thorough as Cast says.
Pepco
Posts: 298
Opinion:No Opinion
Price:0.61
RE: Just noticed on Twitter....
Today 10:43
Perroverde, some valuations of companies in AIM are beyond my understanding, even I believe if VAST was a new company with these assets the sp will be different as VAST history is a negative factor, if our assets were in Australia the sp could be a lot higher, etc... In the position that VAST is now it needs to demonstrate how valuable the assets are, a rapid way to do that will be to bring on board II, I believe AP is doing everything right and recognition will come in the end.

Castaway for what I have read Russian standard is even better than JORC, I am talking about recognition of the value and for this the JORC standard is the most recognise among investors. I didn’t know that we didn’t need JORC for ANRM, some reason should exist to get a JORC for Blueberry and Zagra.
Badgernator
Posts: 2,297
Opinion:No Opinion
Price:0.61
RE: Placing
Today 10:38
We only own a quarter of Pp and that money is being used to get eureka up and running whilst manaila is, if we are lucky breaking even.
loneeagle
Posts: 215
Opinion:No Opinion
Price:0.61
Placing
Today 10:35
can someone explain why we have to have placings,surely when we have two mines on the go at the moment we must be getting enough cash flow from them. to cover everything .
yrabsmurruc
Posts: 2,074
Opinion:No Opinion
Price:0.61
RE: Just noticed on Twitter....
Today 10:27
Cast,..... just in case I am being a numpty.... is the "Russian system" a thing and not me thinking they said Russian instead of Romanian in the Daniel Stewart piece from 2015...….. not a guru in these matters...….. just a fan of the VAST story ..……..B
yrabsmurruc
Posts: 2,074
Opinion:No Opinion
Price:0.61
RE: Just noticed on Twitter....
Today 10:07
Just read that 2015 piece VM. Interesting....especially how it went from romanian to russian in a blink.....B
Castaway
Posts: 9,519
Opinion:No Opinion
Price:0.61
RE: Just noticed on Twitter....
Today 10:03
Pepco, that may be what people think but the Russian system of ore estimation is probably as good or better than JORC - they actually built tunnels and shafts to test the ore at depth as well as soil and drill sampling.

I recall the plan was to start mining BP and then do some more exploration and convert to a JORC estimate, though I suppose that may have changed.

I know we do not need JORC standard estimates for Zagra to progress the licence with ANRM, as they do not seem to recognise it - it is after all an Australian standard
perroverde
Posts: 752
Opinion:No Opinion
Price:0.61
RE: Just noticed on Twitter....
Today 10:02
Pepco your reasoning isn't unreasonable (so to speak) but reality is different - there are many many companies and shares where valuations and share price levels are way higher than Vast's which have been achieved in anticipation of (rather than achievement of) JORC/production figures. I think few would disagree that a £30-odd million Mcap in Vast's instance is simply and hugely wrong given the known asset base (and not just 'wing and prayer' revenue projections like many others).




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