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Looks like they have lost value as there have been multiple placings since then and there have been multiple consolidations infact some shareholders are sitting on more than 70% losses since then.So how can you say their investment have gone up?
YOU DON'T
He Might.
So David Jones has acquired a further 14m shares in 2 days, now sits with 86m shares.
I think that's just a mistake Daffy. He's increasing his holding with each TR1. You don't buy that amount without knowing something.
SHAM,
The number of shares in issue in October 2021 were around 250m. By the time of the consolidation this year, there were 6 billion. Do you understand now?
How can he go from zero to 8.84%, when the other day he TR1'd a7.8% holding?
Has he sold all those from the other day?
I wonder what David Ian Jones knows
Probabilities are high the Swiss funding lands imminently
If TALCO expanding, deals with China and Azerbaijan, does that not mean, they will need more production also from Takob to assist ?
Takob, a wholly owned subsidiary of the Tajikistan Open Joint Stock Company “TALCO”, the country’s largest group of companies that represents a major part of the country’s GDP, is the owner of the operating Takob fluoride and galena mine in Tajikistan where the strategic fluoride concentrate is sold to TALCO’s chemical division for the production of essential raw materials required for primary aluminium production.
https://www.alcircle.com/news/china-set-to-assist-tajikistan-in-modernising-tajik-aluminum-company-110940
https://en.trend.az/azerbaijan/business/3901638.html
https://www.intellinews.com/tajikistan-officials-sign-deal-to-modernise-talco-the-country-s-largest-industrial-enterprise-326278/
To clarify, discussions are with the owner of the Swiss company, not with the Company, and every RNS relating to it suggests it will be they, and not the company investing.
How long does it take to transfer money again?. “Shortly”, the most missed word in AIM company statements, closely followed by “imminently”
Yes just saw the article
Clarifies that financing discussions are with an unnamed Swiss investment company.)
Vast Resources PLC - mining company with operations in Central Asia, Eastern Europe and Africa - On April 29, notes that debt due to A&T Investments SARL, known as Alpha, is about USD5.5 million, with USD1.5 million of this due on May 7. A further USD1.5 million is due to be repaid 60 days from the first repayment. Further, Vast Resources is in advanced discussions with the owner of an unnamed Swiss investment company for the provision of major restructuring finance for Vast Resources, including debt owed to Alpha. Vast also owes Mercuria Energy Trading SA around USD3.9 million, with Mercuria confirming a further extension for this. Both Alpha and Mercuria are investment companies operating from Geneva, with Mercuria also involved in energy and commodities trading.
Meanwhile, licence extension documentation regarding the Baita Plai polymetallic mine in Transylvania, Romania, is being finalised so it can be submitted before the deadline which is next week Sunday. Finally, Vast Resources says production at its project in Tajikistan was stopped during the winter due to extreme cold weather, but mining restarted in early March.
By Tom Budszus, Alliance News slot editor
Comments and questions to newsroom@alliancenews.com
Copyright 2024 Alliance News Ltd. All Rights Reserved.
The Morning Star article is completely incorrect
Think placing churn has been flushed and any hint of positive news on Swiss funding sends it up multiples from here.
Amount money this company has wasted of shareholders over years on placings
Lostsoul so you are taking a third party news story posted on Morningstar as fact when VASTs own RNS do not suggest Mercuria as offering the restructure funds.
if i was Mercuria i wouldn't be happy about VAST signing an offtake with Trafigura - what about their long standing deal and VASTs obligation to be repaying the debt from each shipment
And why, when VAST are desperate for cash dud they not agree an upfront lump sum from Trafigura fir the new offtake which would have been common practice
Kever
Did you read the link in the post ? It tells you plain and clear.
Vast Resources is in advanced discussions with the owner of Swiss investment company Mercuria Energy Trading SA for the provision of major restructuring finance for Vast Resources, including debt owed to Alpha. Vast owes Mercuria around USD3.9 million, with Mercuria confirming a further extension.
How can they be higher than pre consolidation as nunber of shares were reduced by factor of 6 and shareprices has halved since then.So how can you say it has gone up?
"Mercuria is the Swiss investment company paying off vasts debt"
Simply NOT true.
A few years ago this went from 0.40p to around 4p in the space of a few trading sessions. I think there were around 250m shares in issue at that time so a quarter of what there is now. I'm not saying we'll 10 bag this time but we should see a decent rise at some point, assuming the funding comes through, of course.
I can potentially see a premium to current SP but I'd be very surprised to see it above 0.6. AP words to date have hardly ever come true. Would be great if this was the case for shareholders.
Thinking about it originally AP put out a forecast for 2024-2025 $34.7m in 2024-2025, and net operating cashflow $21.9m. I'm sure you think that will be hit as well. Just like all the previous projections mentioned.
Mercuria is the Swiss investment company paying off vasts debt. They always wanted a stake in the company. The price of copper and gold,silver. It’s worth investing for the returns . They have extended their loan
https://www.morningstar.co.uk/uk/news/AN_1714742381406591100/in-brief-vast-resources-in-advanced-talks-for-restructuring-finance.aspx#:~:text=Vast%20Resources%20is%20in%20advanced,Mercuria%20confirming%20a%20further%20extension.
"I'm expecting a significant share dilution to existing shareholders which will limit any increase in SP"
Dilution will be at a much higher price than 0.23p currently
RNS 14th Feb 2024 when the shares were 0.1p (pre consolidation) = 0.6p now
RNS said " Subject to the completion of the first sale under the Platinum Group Metals Agreement the owner of the Swiss investment Company owning the high grade PGM concentrate has indicated a firm interest in providing major restructuring finance to the Company, partly through debt and partly through equity to be issued at a higher price than the current share price."
So higher than 0.6p
Jungmana One moment, you're praising this as the greatest company since sliced bread, and the next, you're labeling it a scam. Initially, you announce that you've increased your shares, then shortly after, you're criticizing others for being naive and foolish to invest. Just this morning, you claimed to have sold your VAST shares last year, yet a friend remained invested, and in January, you mentioned purchasing additional shares, expecting a short-term surge to 0.3 and a significant profit. It's important to remember that your posting history is visible to everyone.
The 2 Mantis drills were put in situ but this still did not lead to net profit. Numerous other equipment was also purchased. Originally a different drilling machine was going to be purchased but they then realised it couldn't fit in the tunnels!
Previous plans have been found to incorrect and wanting. Clear direction needs to be provided and some updated projections on ore tonnes to be mined. Nearly half way through the year and we are non the wiser
If the funding was coming from another finance house , it would be a much bigger risk for VAST
but with the Swiss investment company you can clearly see there is a clear synergy into the companies coming together
Remember the Swiss are insiders and will know what’s going on behind the scenes, in all aspects of the business , read the last 2 years RNS updates regarding Tajikistan, partnerships developed and clear there is a lot of opportunities on the back of it but more so they are buying into a business with 2 mines ! Infrastructure in place , the foundations are there to quickly ramp up
Remember BP mechanical mining plan was for £30m net profit pa based on Production ramping up , if they get the financing not only for BP but Manila and the current price of copper plus the multiple revenue streams , that haven’t happened for varying reasons to date but look to commence shortly , all dilution stops , revenue and profit surge
The Swiss investment is a win win
I've been amazed at company share predictions for this share over past few years. The SP taking into consideration share consolidation would have been over 4p last year. History has shown the company have been unable to get BP mining profitably over the past few years. Management plans have failed. On the plus side copper price has increased substantially since BP mine plan was put into place and it's possible mine could breakeven in the short tern. Of course there will be issues if copper price starts to fall.
In respect to any increase in SP this will be dependent on what Swiss Investor wants in return for investment. To date BoD haven't been bothered about their existing shareholders and will do whatever it takes to keep the lights on. I'm expecting a significant share dilution to existing shareholders which will limit any increase in SP. In addition any finance loan will be at advatages rates to investor. I expect the terms will more harsh than currently in place as Alpha want out.
Does anyone realistically think SP will be multiples of current SP considering Vast financial issues?