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Not a lot of happy posters today eeh.
So people jumping ship again.
Even for the most hardened of positive posters I’m beginning to see a picture here.
Interesting that lee is back when the s..t is really hitting the fan.
Could it be that even when production comes next week the share price won’t even rise. This will of course mean a long wait. I thought this time it would be so different. Thought we weee in for fireworks.
There just seems to be no interest in this company.????
1. Jorc. No change in price
2. Annual accounts. No change.
3. Production. Can anyone out there muster some support.
We are now waiting for refinancing! Refinancing is key and if AP happens to pull this out- than a lot will be forgiven.
As a long term holder, I hoped for so much from this share, but I have sold all of my holding apart from 1M shares today, at quite a loss, I'll keep the 1M so that i get a vote when it comes to getting rid of AP. I just cant stomach another placing and wouldn't give the guy the steam off my P***. GLA.
Stay strong sarahlamb1 this will come good this board is full of posters that have lost money here and instead of moving on they continually post negative comments because they can't bear the thought of people making money here .
I agree its why most of the main posters avoid the board on days like today, it just becomes a echo chamber of negativity and trolls
Blueformike and Ben, as a LTH, tell me as a company, how VAST have served any of us well?
A company needs to make money to run, not raise money to run. The money train eventually runs out, for example VAL. Another fine example is UKOG that has been bled dry!
Give me your reasons you think we are wrong in what we are all “echoing” today? How much money has the business MADE since AP took over 4 years ago?
Today's news was definitely a big piece of the puzzle we needed. What we need is get the financing and deliver the concentrate as agreed!
I'm not saying you're wrong by any means, i've been in for around a year and have been openly critical about AP from the beginning. I was simply stating don't let the echo chamber of negativity on a board push you to sell because its a red day (red 3 years in this case). Sometimes its best to step back for abit
Ben re the negativity
VASTs own website- under operations Baita Plai - https://www.vastplc.com/operations/baita-plai-polymetallic-mine/
1,800,000 tonne copper-silver-zinc-lead- gold-tungsten-molybdenum ore body at 6% copper equivalent (Russian Reserves and Resources Reporting System) within the mining licence area'
Today's RNS under Highlights
'Measured, Indicated & Inferred mineral resource category of 608,000 (gross)/486,400 (net attributable to Vast) tonnes @ 2.58% copper (‘Cu’) equivalent'
You wonder why I'm negative?????? FFS
Those exploration targets are gonna have to be meteoric (actually that could solve the grades!!) to bridge the gap between those two statements
Wonder how long it will take them to remove the '1,800,000 tonne copper-silver-zinc-lead- gold-tungsten-molybdenum ore body at 6% copper equivalent (Russian Reserves and Resources Reporting System) within the mining licence area' part??
But I'm sure we've all got screenshots
ben: "most of the main posters avoid the board on days like today, it just becomes a echo chamber of negativity and trolls".
Yes. Today was a day to read, mainly. Some of the early posts recognized the good news and understood that the JORC was only intended to cover up to 4 years. Later posts dug around for a negative spin.
Best not to worry too much about the trolls. We have some good information with the report, with upside, and sales beginning November.
Playing devils advocate (not literally)...
...but isn't 1,800,000 tonne mixed ore (copper/silver/zinc/lead/gold etc) at 6% copper equiv. roughly the same as saying 608,000 tonne at 2.58% copper equiv. or thereabouts? This is obvs inferred as in quantity% terms and with error margins.
Its still £65mil worth of copper alone...?
JustAHobby- I hope your not an accountant at work
Sandy, simple question - were the contents of the JORC what you expected ?
Pecten: it was very much the ballpark I expected. It was clear for some time that the report would only deal with the near term mining area, so the fact that it focuses on the next 4 years only is fine by me.
There is a great deal of upside beyond that. I honestly do think some people would actually *rather* read a BB than a corporate document. There was some nonsense in some of the posting about a short mine life. What a complete misunderstanding.
Sandy 'it was clear for some time' Really?
Please direct me to the RNSs that suggest that as a likely, targeted or even hinted at, outcome?
Pecten: DYOR.
Btw, you've made 30 posts on Vast today so far. Sort of like a full-time job today. Take it easy.
Let's be honest. Investing in AIM is as bad as gambling your money away. Share prices are clearly manipulated, as there is no rhyme or reason as to which way a share price will go. Fear and hope seem to be the main drivers.
Good one! ...are you a geochemist? ;-)
I wasn't making a direct mathematical comparison... 1,800,000t estimated polymetallic ore quantity% from the quote in 2014 and 608,000t @2.58% now when their website also clearly states the 1.8-3.0mil tonne has est. 0.5-2.0% copper equiv. The one isn't necessarily a subset of the other. They clearly haven't mined 608,000 tonnes to work out that figure. It all has to be estimated from samples with a wide margin of error from earlier samples at least 6 years ago.
486,400t @2.58% @$6650 =£65mil roughly doesn't it?
My own post at 16.08
'Wonder how long it will take them to remove the '1,800,000 tonne copper-silver-zinc-lead- gold-tungsten-molybdenum ore body at 6% copper equivalent (Russian Reserves and Resources Reporting System)'
Quick application if an airbrush and the 6% disappears
The mineral resource estimate represents an additional 600,000 tonnes (gross) over and above the reported (non-JORC) historical mineral resource estimates of 1,800,000 tonnes under the NAEN Russian Code as announced on 10 December 2014
Pecten: good for you. You must feel very proud.
It has no bearing on today's $104m in situ valuation on this initial report.
Are you into overtime yet?
No Sandy, just disappointed in the report (and based on the style you choose to reply , you too)
Pecten: no, I'm not disappointed. Please refrain from trying to speak for me. I'm just irritated by some of today's silliness.
The report is a big win to my mind because it not only supports the previously estimated asset value ~$100m (actually $104m so far) but it also identifies that this is likely to more than double in the foreseeable future.
The Antonio North Skarn might potentially do that by itself over the next 12 months, and there are other skarns.
This is plainly a huge asset, and even this report alone gets it over the estimated value that was long proposed.
Sandy, your posts are always balanced and informative, thank you....
You have to remember Baita Plai is not a small mine ... it is huge ...,
VAST has identified over $100m of ore waiting to be mine and processed for the next 3 to 4 years and on top of that. That is huge in itself.
There are several approaches to mining ... simply just mine and hope for the best. Smash rock .. see what comes out.
The way VAST is going about it is to JORC certain areas of interest ... JORC ... see what the area is built up of based on scientific means then mine the best / most economical areas .... $100m over 3 or 4 years is not to be sniffed at ... and remember VAST is producing and this is from 1 out of 16 identified Skarn deposits ... it is revenue and this is a low cost mine to operate.
With recent sampling data that has been independently verified we know there are areas within the rock formation that may have exponentially higher levels of ore ... some as show using top Nitron equipment show areas of 20%+ Copper ... Also the figures generated are based on $6650 price of Copper and most know that the market feels there is a bull run to come for Copper in the coming months and years with the demand for Electric vehicles on the rise ... Being one of the lowest cost Copper producers is going to be a big advantage.
Next stop is the first batch being sent across to Mercuria ... followed shortly by Binding Term Sheets and Finance ...