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:-)
Fintech, have you been able to stop 'the voices' yet ?
Dicko80 FILT...!
breeding like rabbits these id’s
Still some large background sells it seems. They won’t care about future prospects, just want their 10% on the flip. That the price we pay for funding when the main project was losing money. Yes agree that the details on the Kaz project have plenty of gaps. Would have thought there was a project doc that details the anticipated revenue. Atleast we are abreast of the developments on the ground and we seem to be seeing progress on all fronts, just need it to hit the bottom line. July should be where the pay dirt is at but may take as long as sept for the market to be happy that net revenue is being produced.
Bridgedogg, FTH, Steve_d - you all quote Vast statements followed by boom type comments of your own. The big issue many have with this approach is that Vast continue to publiush smoke and mirrors and jam tomorrow RNSs with significant lack of detail and very odd information gaps. This is how Vast has always been - incredibly selective (and may would say misleding) with its investor information.
* Why is Takob a free lunch for example? Don't you guys want to understand that? Essentially it's too good to be true.
If Vast hs changed fine. But leopards don't change their spots.
Bridgedogg1 'It will be interesting to see what kind of numbers come out of this new project. I'm hoping for £50-£100k per month'
Based on what we've been told and assuming it translates into reality, then yes, broadly agree with those numbers.
As Sandy points out, will be good to get some transparency over payment terms/times
The original guidance in May was that processing would commence in Q2. This has now moved to 'by the end of July' so a few weeks delay. We have no influence over the time line of the project which has an 'ambitious development schedule'. The second line at Baita 6 weeks early was in our hands and a great success .
It will be interesting to see what kind of numbers come out of this new project. I'm hoping for £50-£100k per month.
Holiday season, some folks have a life, hint ...hint...
Quiet market in terms of volume this week.
We are “13th on the leader board on 3.4%”
In contrast 3.3% down
- yesterday Vast was 250th on the loserboard
- Tuesday 123rd on the loser board
We are actually doing bloody well!
Quiet week, buyer’s are watching, long day ahead of us...
Hold your shares.
So, nobody has any idea what the 12.5% is worth in revenue?
Jokers!
So everyone is happy that the second mill line at Baita was commissioned 6 weeks ahead of schedule but when this update says production will start in Q3 (July) of the same two months stockpile that was meant to be processed in Q2?
Consistency guys - distraction guys
Good for Q3
But bear in mind they were expecting contribution to Q2 figures
Q2 figureswill be poor
Short term:
2months of ore PLUS July....= 3months worth of processing.
Medium term numbers will surpass Q2-Q3 outputs.
"...material revenue to be generated for the Company in a matter of weeks"
Boom
Yes Steward!
Glad I added yesterday;)
The costs to Vast have been paid in the form of the acquisition of Central Asia Investment. Financing in place to start the project with ongoing costs paid out of project revenue. If the project is a success we should never have to pay put anything. The profit/costs/revenue etc will be dealt with and reflected by the valuation of our ownership in Central Asia Investment, which hopefully will rise as production kicks in. This should be reflected in the next financial statements. The royalty doesn't have any costs going forward.
Why do you care, when the figures are revealed, oh I forgot you must hate the company. Market prices fluctuate, they will be revealed end of month not before. That is how it is. July is still to be added. If you read the rns. You are requesting CEO to make up the figures next.
Now, Is there anything else, or will that be all, before I filter you young Kingsley?
Busy morning here..:)))
Figtree, what does the 12.5% return us on a monthly/quarterly basis vs costs to Vast?
A reminder of Tajikistan
Funding for project - up to U$20 million, all provided by Central Asia Minerals and Metals Ore Trading FZCO (“CAMM”)
- No Funding issues - Tick off
No figures no data no costs but we get 12.5% of something
Devil’s in the detail:
It is very encouraging to see this ambitious development schedule being met, with the potential for material revenue to be generated for the Company in a matter of weeks.
"With the potential to produce royalty equivalent revenues in the short term, and the prospect of large scale tailings processing in the medium term, all delivered through a financing structure which insulates Vast shareholders from dilution, I am confident that our activities in Tajikistan will prove to be very rewarding for the Company."
Well pointed out Bridgedogg.
AP is delivering the goods.....incl July =3 months worth of ore to be processed by end of july;)
Expect the unexpected, there is much more to come!
Ahead of plan, again!
Turnaround is on!!
See my earlier question Bridgedogg.
We own half the company that owns half the project, so 25%. The project has already been fully financed. We also get the 12.5% royalty. Income that will continue to scale up and not cost us anything or be diluted.
30/06/2022 7:00am
UK Regulatory (RNS & others)
TIDMVAST
Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining
30 June 2022
Vast Resources plc
('Vast' or the 'Company')
Takob Projects Update
Vast Resources plc, the AIM-listed mining company, is pleased to announce an update regarding its Takob joint venture projects at the Takob Mine in Tajikistan, namely the "Takob Processing Project" and the "Takob Tailings Project" with Open Joint Stock Company Korkhanai Boygardonii Takob ("Takob") and which were announced on 3 and 24 May 2022.
Takob Processing Project
Highlights:
-- Processing of two months worth of stockpiled ore commencing in July 2022
-- Refurbishment of the Takob processing plant nearing completion
-- New equipment on site and in the process of being commissioned
-- Vast will receive a participation equivalent to a 12.25 percent royalty
over all sales of non-ferrous concentrate and any other metals produced
from the Takob Processing Project
-- The royalty equivalent revenue from the Takob Processing Project will
supplement the Company's revenue from concentrate sales from the
Company's 100% owned Baita Plai Polymetallic Mine in Romania
Further information
The new equipment now on site, including Surge Tank, Filter Press and Mixing Tanks, will facilitate the commencement of the first phase of plant production under the Master Agreement between Central Asia Minerals and Metals Ore Trading FZCO and Takob. The equipment planned for the second phase of plant production is focused on improvements in quality and the separation of metals including the non-ferrous concentrates has already been ordered and is expected to arrive on site in Q3 2022.
Takob Tailings Project
The Company continues to make good progress alongside our joint venture partner Formin TJK. The Company will report on the surveying, soil sampling and preliminary drilling work being conducted on the Takob Tailing Project in due course.
Andrew Prelea, Chief Executive Officer of Vast Resources, commented:
"The Takob processing plant is in the final stages of refurbishment, with all major equipment on site ahead of planned commissioning by the end of July. We have two months of stockpiled ore ready to be processed now, and the intention is to blend this with fresh ore over the coming months.
"It is very encouraging to see this ambitious development schedule being met, with the potential for material revenue to be generated for the Company in a matter of weeks.
"With the potential to produce royalty equivalent revenues in the short term, and the prospect of large scale tailings processing in the medium term, all delivered through a financing structure which insulates Vast shareholders from dilution, I am confident that our activities in Tajikistan will prove to be very rewarding for the Company."
For further details on the Takob Processing and the Takob