We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
I just hope this doesn’t do exactly what PREM’s SP has done..
somethings not right. IMO
Just from an analytical point of view currently, 0.37 seems quite fair without news. Momentum is needed here, which can only come from solid news that we are moving in the right direction. AP has kept us in the dark for a while now, an update on BP is due at the very least in my opinion.
Major rampers not yet arrived fantasy.
So, for me a sign that a pump not
yet launched. Which means no delivery of b4 christmas promises on cards..
Maybe wait for primary pumper castaway to arrive then we will have better picture.
b4 christmas anything more than the kettle being switched on at
BP will be a shocker for me.
Some would even ignore the 1.44p prediction from AP - saying it was a game... some on twitter used this prediction to pump on the 1st run.. What will not be forgiven or forgotten is, start of production by end of this year! If AP fails, it will be seen as blatant lies... waiting to see where this ends up for x-mas and by 31-Dec! GL
Next round of pumping has started? :) Wait for news to flow... more podcasts from AP, more faffs... and then radio silence followed by poor delivery....
smokingjoe - I can speak what I want in my current ID... no problem with that.. :) What did the BS master AP predict? 1.44p... lets see where the SP on the last trading day before christmas.. :)
One thing to note about the broker note on diamonds is that their calculation appears to be on 50 cpht. That is the very low end of range, and as they note is conservative. Typically in marange contiguous licenses recorded grades in the range of 50-500cpht and typically 100-200cpht and average prices of $80/ct. So plenty of upside potential if the cpht are more in line with the typical values. If those values end up nearer 100 cpht then EBITDA increases considerably.
Smokin knowing this makes a difference in what way. All needed is for your prediction of 1.5p? to come true in what 8 days? Lets say 12. No other chat really needed I think action speaks louder.
Tailchaser guess you are Dodge if not Fantasy
Company projections suggest the operation may potentially run at 2.0mcts per annum
(90/10 spit between industrial and gem quality stones) generating ~$120m in turnover using
$58/ct average value with 10% of production and 95% of sales proceeds coming from gem
quality rough diamonds. At guided $20/ct or $10/t cash costs (incl royalty), the operation is
forecast to generate $77m in EBITDA, equivalent to 65% margin, once fully ramped up to
110tph XRT feed (assuming 4.1mtpa in mining rates at 5.0x XRT yields and 85% plant
availability). Assuming 10-year mine life that amounts to 39mt of mined mineral material
and production of ~20mcts generating $329m in NPV10% and 473% IRR.
keep guessing on SP, delivery dates and who i am. :)
I guess you must be Fantasy then ?...
hey heyyyyyyy!! we have a new castaway. now it's 2p by christmas? lol
Far too conservative... would think BP alone is worth 2p
Think its very conservative (no pun intended) IMO, 1.22 with diamonds is nothing to be sniffed at
Standard eric, gotta put a negative spin on things :)
Afternoon RNS to announce the brokers note or is it normal for them to not RNS such a thing?
I guessing we would see that transition when its signed and resources proven
Should have also mentioned.... transitioning to 1.22
" Using our DCF valuation model (10%DR) we arrive at attributed NAVPS of 0.37p
adjusted for the development stage of each project. Upside to the valuation lies
within further de-risking of the Vast portfolio of assets narrowing down the P/NAV
discount that may potentially yield a ~180% increase in attributed project value
($68m v $191m) translating into a 1.22p NAVPS. In particular, Chiadzwa offers the
most value upside in terms of gradual de-risking of the project (see valuation
section)."
Chunky read - quick scan sees a conservative .37.
Hope this signifies the start of something interesting
GLA
https://www.vastplc.com/wp-content/uploads/2019/12/vast_resources_note_12.19.pdf