Member Info for 1nvest

Horult, I hope you didn't buy to many originally. Think you have saved yourself a few pound by not averaging down over past couple of years. I'm hoping we are at the bottom but the same was said prior to last consolidation so who knows. The company seems to be getting its act together but with the sad loss of Commercial Director there could be a few unforseen headaches in management as they take up the work. Hopefully a new one is appointed soon.

Well there has been stay on execution! I had written this off but there are some signs of life. Hopefully some return for us long suffering investors if they can make this work operationally. A question of how much money is needed in view of gold produced. Has this now increased?

To me it now now sounds like a sale of company to pay off its debts. Results not issued by year end so can formally delist from AIM exchange. Will lead to orderly sale. Can only hope mine production has increased for some serious offers. Otherwise another case of debt being paid off and little else.

I've written this off but hope to wrong. The hope is that the lights are still on and mining progressing. informal agreement in place providing gold to settle debt. All speculation on my part. Just as much chance getting a RNS to confirm assets taken over. Let's go into the new year with hope.

I'm not aware of any significant short positions in Vast. I believe there are no positions above 0.5%. Not an issue here unless someone can tell me otherwise?

But this is a high risk gamble and therefore potential high risk return. Vasts ability to continue as a going concern is based on it's ability to secure the return of the diamonds to pay off the debt. It's taken over a decade to get Zimbabwe high courts to confirm the diamonds belong to Vast. It's nearly a year since the decree was given but still no sight of diamonds. I want to know what other people's view is on this and when we should expect them. I'm invested but am slightly nervous on whether Vast can continue without further positive news in the short term especially as SP is close to nominal share value.

The production at BP has not increased sufficiently in my view to service debt repayment in full and therefore will be difficult to refinance. Will need drilling results to extend life of mine as probably only a couple years left based on previous guidance given. Results should hopefully be out by end of year but still guessing where Vast are concerned. Crunch time, we'll know soon enough whether Santa is coming or whether we will be crying and moving on to our next boom share.

OK we have had lots of fun (not so much for those invested in past year) discussing the appearance of these diamonds whilst BoD have issued equity to keep the lights on.

What are people's thoughts on when these diamonds will appear. My view is that Vast is in negotiation for a mining concession and Zimbabwe government are ring fencing the proceeds of diamond sale to be used in Zimbabwe. Vast of course wants to use proceeds to pay off debt. What other reason could there be delay in diamonds being released unless someone wants a back hander or if they just aren't there. Just putting everything out there.

My view it will potentially take another quarter before money being realised even if we are given news that they are released tomorrow. Things take time in Zimbabwe.

Welcome others views point.

Is this going down to the wire or is it last rights. Lots of investment taken place and looked to have solved some of past issues. Would just be typical of AIM if this now gets taken over for the cost of the debt. I thought BoD had showed more integrity but this past year has thrown that out if the window with communication to investors.

Basically someone to totally ignore as full of sh.. and trying to mislead fellow investors.

Worse kind.

Great news if its Vast diamonds but would think the company would be updating the market and shouting the news out. They clearly advised,

'Upon attendance at the RBZ, and in consultation with the bank’s internal legal counsel, the Deputy Sheriff agreed that the RBZ would confirm, in writing, the process that would define the procedure for the orderly and secure hand over the parcel to the Company, which includes the procedure for valuation for royalty purposes, export permits and Kimberly Process Certification.

Thereafter, the Company and RBZ will put in place logistics for the removal of the parcel attached by the Deputy Sheriff under the writ of execution.

The Company notes that until the process has been finalised and implemented there is no certainty as to the precise timing for the recovery of the parcel and will update the market as soon as there is a material development in this respect.'

With Vast BoD will they actually follow up with the release of diamonds before sale, I actually think 'Yes' as otherwise would leave themselves exposed to not announcing material news.

Tree Shake? Think the tree fell down a long time ago. You just need to look at the graph over 1 month, 6 months, a year...5 years.

This will only rise (sustained rise) on positive news. Market makers will continue to drop SP until this occurs.

Been saying the same thing for months. Hoping there is something behind this rise but very early to say without news. Could just be sellors out and a little upward pressure on buys and sells.

News will eventually arrive.

Apart from a few spikes the trend has been downwards in years due to mismanagement. The rescue strategy is in respect to receiving the diamonds parcel which has nothing to do with the debt occurred to date with mining activities in Romania. They have been unable to mine to break even let alone generating cash to pay back debts. It's been a life style company for many BoD for a number of years but there are signs recently it could be on the cuff of turning things around.

Until actual positive news is released this will continue to slide. It's a gamble with debt repayment being postponed every few months. I'm in the same boat and have averaged down recently and on a paper loss. Of course you could buy today and likely to see a loss tomorrow or by end of week without news. If in doubt look at the chart.

Copper produces in September nearly 50% down on prior month. Supposedly the strike the strike had little effect as per previous RNS, 'The majority of the workforce remain supportive of the Company and continue to perform their duties on site without impediment; as such the impact on operations at Baita Plai is expected to be minimal.'

So what's the truth , little effect in which case why the nearly 50% drop in copper production.

As always more questions than answers and feeling stupid for buying more shares.

Sandy Shore, I like the consultancy piece but currently we are lacking numbers and production details. It could well be the way to go but need to see what they are actually earning or are earnings being eaten up by trips to Tajikistan etc. Longer term the recent additional management services looks really interesting. Its about seeing the opportunity and getting it across the line profitably. Not Vasts strongest point to date or completing deals (as per Ghaghoo Diamond Mine). Let's watch this space as could lead to other developments.

The key part is BPPM as you have rightly pointed out. It's what I originally invested in. The latest exploratory drilling to confirm an increase to its measured and indicated resources. This is vital for any longer term debt finance, extension in mining licence and for any meaningful PE ratio going forward.

Zimbabwe is a very difficult country to work in as found in the past. Potentially huge rerating if mining starts again but could be be throwing away money here with any regime change etc etc. Think AP is chasing rainbows here and not learning from mistakes of the past. Short term could be life changer for many invested here if it gets going.

High risk mining jurisdictions is where Vast is focusing with potential high returns. Just my thoughts late at night.

Chairman at the time wrote to shareholders and stated, 'The main reason for the consolidation is that the number of Ordinary Shares currently in issue is now considerably higher than that of other companies of a similar size on AIM. Combined with the current low share price, the Company has been advised that the share structure is inappropriate for an AIM company and needs to be rectified. The Board also anticipates that the higher price per New Ordinary Share should, in due course, improve the marketability of the Company’s shares to institutional investors.'

Was just doing some further research on company statements and wrote a long piece with facts stated on being fully funded since early 2021 but pressed the wrong button and lost it.

Basic jist BoD have made many claims about being fully funded for a number of years and prior BoD Chief Exec said the same in 2017 to production and positive cash flow.

Just April 2021 reiterated statement of full funded for foreseeable future and then a placement in August 2021. We all know the story as a lot of investors have been here for a few years nursing their losses. I generally invest for long term growth but this share just doesn't fit the mould. One to make a quick gain on if you time it right.

For information I originally invested here a number of years ago and on computer still hold those shares (:( but have traded this profitably during the spikes. Was just going over my research to view comms from company and whether I should change my view. Without stats for a period of 6-12 months plus I think it's difficult to confirm whether company is at breakeven or even generating free cash flow as it may just be a good stope level of ore.

Welcome others views to make an informed decision on whether to increase my holding again. Purely speculative punt currently.

No issues if I wanted to buy as being quoted 0.001847.

So whose applying this pressure? To date it's been unsuccessful when it's not been days, weeks, months but years since the diamonds were seized. The court ruling was months ago and still nothing even though this was just a formality to get them released.

I'm looking to buy some more shares but it's definitly not on the long awaited diamonds which the market looks to have given up on. I'm just waiting to see some actual data which demonstrates the company is generating free cash flow going forward and can pay back the debt due. Otherwise this SP will continue to drop.

No further meaningful comms in respect to reinstatement of shares since the 19th September.

Shares were supposed to be temporarily suspended from the 3rd July. We are well past three months and I don't classify that as temporary. BoD have shown total contempt for their PIs. I wonder if it's the same for their IIs and major shareholders.

General communications have been extremely poor and hope the next RNS is meaningful as otherwise it's not a share for me. Should have exited last year but there is a glimmer of hope they can sort out gold extraction issues.

Tajikistan - Current project. Receive a 12.25% royalty on sales. based upon 136 tonnes with average price of tonne of zinc 2377, lead 2084 dollars we are looking at around $35,000 for just over a years production. Am I correct as doesn't look right.

Will need to study next plans for Tajikistan