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has started despite some thoughts to the contrary. 1.88 Mt at over 2% copper and 1.41g/t Au (going from their 6/8/20 twitter update). So about 95K oz Au (currently about £1550/oz) and 38K Tons of Cu (£5000/T - I think). Not sure of the AISC here but the resourse levels are pretty good, will be more interesting once shipment and payment is complete at end Aug/ beginning Sept 2020. GLA
I congratulate you for learning from experience. It's a great pity that a small handful of other posters prefer to carry their bitterness around with them forever while learning nothing.
It's also a pity that one or two quite nasty types will stop at nothing to denigrate Vast when first sale of concentrate is round the corner.
Pecten: all you seem to have done just there is to show that baits is a poster who can learn from experience and gain understanding.
That's unlike others who just keep repeating the loop.
:D
Baits, remind me who posted on the 29th June 'This AP tells porkies he just raised 1.500 million last week and said it would be paid from that,how does he sleep at nights.Full of **** that is what he is, I will never trust anything this guy says again.I would be very surprised if the institutions trust him again if he intends to ask them again'
I thought investing on AIM then moaning was a silly way to spend your cash
Fantasy,I did not say I liked placings just like everyone else,but why keep moaning about them they are inevitable with a small AIM company.All I am saying is if you can't stomach them put your money in the bank and have a good night's sleep.Why some people invest on AIM and moan all the time seems to be a silly way of spending their cash.
Baits - agree.. lets do an another placement at 0.10p and an another and an another...... :)
ye, still on track....never doubted it.
Good Luck
Just for you I am retired. I am 73 years old.Just shows how very wrong people can be in their thoughts on who is who or what is what.I posted exactly what AIM companies do the do placings to keep the company going.Whether that be for wages or equipment.Need to ask you would you work for nothing I think not.I will have a go at AP if he does placings while producing and not before.
Chris
I`m afraid this is in the shadows of the finance agreement ,payment and placings at the moment.
We wait with baited breath.
GLA
Think goes little lower yet
Waiting patiently
Target is 0.4p by end of August.
Got best sell price this morning and gradually getting walked down
Won't see as low as 0.17p-0.18p but got 5m and 15m chart looks to want to go lower.
Tick down by 4pm maybe
Goldm1ner, I'm not saying whether I consider these better or worse run companies than VAST, but here's five producing AIM companies with a lower mcap - I'm sure there would be others
BRD, WRES, EDL, ATM, SML
The key question,imo, is whether they are/will be profitable at topco level
Fantasy thankyou I could not have put it better. Baits must be an employee to have wriiten what he did.
GL.
Good to see. Wonder if we will will move higher.
If you don't like sticking pins in your eyes, you can stop at any point. Similarly, if you find Vast so painful, you can always stop being invested at any point if you are at all. we are about to have a production announcement very soon with Mercurial's offtaking what we have actually dug out of the mine at BP. As a miner with an MCAP under £30m that isn't too bad in terms of "delivery". Name another producing miner on AIM with a lower MCAP?
Think we see a pullback in the short term.
Bid lower than first thing in the morning
Funds ready if we see lower
Baits/MRRR,
Yes – I have no problem with placement in aim market.
People miss the point:
Placement with delivery = no problem
Placement after placement without delivery = not acceptable..
AP has issued nearly 7b shares and raised £13.2m – we don’t even have the production confirmation via RNS… :)
I really hope AP is finalising the finance deal
Guys, there is risk in everything in life... The best way of thinking is don't invest what you can afford to lose.... Don't panic on SP drops... Hold for greater returns if you believe in the company.... DYOR
Well said baits. So true, people just need to realise it
If you invest in an AIM company and are bothered about placings then this is not the place for you.As anyone in here had an AIM company share that did not do a placing at some time or other.Even an IPO is a placing and without there would be no shares.Anyone in here ever had a share that only went up and never went down.I am afraid that is the risk we all take at some time if you can not stomach a placing put your money in the bank and have a good nights sleep.
gkb: you are mistaken.
Morningsun wrote "Ran quite a few businesses myself and I can assure you", going on from there to set out a purely offhand negative view.
So to be absolutely clear, MS laid claim to be in a position to give assurance on the basis of his expertise.
That is what I am querying. *He* claimed to be in a position to "assure", on the basis of what he said he had done "myself" (i.e. himself).
Thus MS did make it about himself and now has no answers to give.
gemstar: we'll see about re-finance. In all honesty, I don't care either way. If Atlas got to work through the entire lot at 0.24 the company would have not debt to service. And the bid would be higher than it is now. Probably not what will happen, though, to the relief of traders.
Judged on their record, I have no confidence that this board will be able to refinance the Atlas $7m
I am expecting $3.5 to be refinanced by a yet further placing
And the other $3.5 by debt finance
'ever expect that level of detailed insight '
Normally I agree
But when the whole future of a company is dependent on a couple of paragraphs in an agreement, I would expect it to be properly spelt out