Member Info for 1nvest

I was only aware of the the one stope issue last year. Nothing about propping up! please enlighten us!

https://discord.gg/KdDewrA8

Another 50,000 shares purchased. Its great to see. This SP will turn and we should see a decent rerate even in these uncertain times.

Currently the BoD has the majority support of its shareholders. The PI investment is relatively small here and therefore I cannot see any change at the top. There may be a head or two which may roll following the robbery but this is unknown with limited information provided.

Based upon these facts if your not happy with the BoD this is not a share to be invested in as PIs have Little say.

the costings have been detailed 'at it remains a capital efficient operation in the context of other emerging producers with an estimated cash cost of around US$1,200 per oz expected for the remainder of 2022.'

The production target was always going to decrease following the news yesterday and global supply issues. The management team have been quick in identifying issues and putting in place solutiions. Recovery in excess of 60% and like to be around 82%.

Of course if you feel the management team is shambolic then it's time to move on. I actually think they are transitioning well from developer to producer considering hurdles encountered.

Appointment of new security company also suggests an issue. Hopefully this is the last incident but there is an increased risk here going forward as it was successful to date.

it's a gold mine and 1% stolen is a small amount taking into account how much is produced. I expect not viable to shop out more often. Security is the key element here. New mine so understand why security may not have been tight as it should have been. lots of challenges encountered in past year which have all been overcome. This will be no different.

On a personal note at least my investment still looks good...phew!

There could well be a temporary set back in SP but it's only 1% and expect this to be recovered from insurance policy provided its been set up correctly.

In the grand scheme risk of theft reviewed and now enhanced measures in place. production continuing and more importantly no injuries which I was fearing.

A lesson learned in operating in Africa.

I'm not fearing the worst in view of second RNS where they confirm Homase is operating as usual. This was issued to reassure investors.

With a suspension and lack of news patience is required here. Try to enjoy the weekend and we'll be back next week waiting for the update.

Edzi, just going on what's in the RNS and therefore mentioned underground mine exploration. As per RNS:
'GoldStone Resources Limited (AIM: GRL) notes the suspension of the Company's ordinary shares from trading on AIM following an OPERATIONAL MATTER.

The Company confirms that operations at the Homase Mine are continuing as usual and will provide a further update in due course.'

Could be lots of things, best to wait for RNS.

Possible incident on exploration side for underground mine?

Potential interest of joint venture?

Hopefully clarification next week. Main point mining continues as usual.

Enjoy the weekend

saying its an operational matter but then saying operations running as usual. What was the point of this RNS?

Firstly I'm invested in Vast and believe in long term prospects compared to where we were two-three months ago. Still a long way to go but progress is being made.

For anyone interested in an additional copper play it's worth while having a look at Rambler Metals and Mining which I am also invested in. Slightly further ahead on turnaround story and potentially less of a return in view of Market Cap but worth a view:

Production figures increasing month on month:
Jan 344
Feb 339
Mar 410
Apr 413
May 532

Had some hiccups along the way but nothing unexpected from mining point of view. June figures should increase again as copper grade is expected to increase.

Should see mined TPD increasing to 2000 at some point 2023 with commissioning of ore sorter. Currently looking to achieve 1350 TPD through mill which has been achieved in the past month. AISC hopefully to be announced in the next month.

Gold:-
Jan - 113 Ounces
Feb - 104
March - 207
April -160
May - 234

Please note a high percentage of gold has been sold via an off take arrangement but still providing additional income and latest agreement put in place this year to support investment.

Latest:

‘ Saleable copper production for the month is the highest that has been achieved since August 2019 and, unlike in the past, we fully expect to continue to increase monthly production from here to meet our 7,000 tonnes Cu guidance for 2022.’ Quote from TB within the RNS from yesterday. Personally think 7,000 is a stretch but can see 6,500 tonnes by end of the year.

A bit of guess work currently but expect profit in excess of £12m for this year. Of course DYOR and let me know what you think.

Hopefully Vast can turn around its fortunes and it potentially has more assets and prospects to go after longer term.

TB sounded up beat and confident on progress going forward.

Looking to start building works before Winter sets in respect Ore Sorter. Feasibility study ongoing. This will be a bonus as was not expecting this commissioned until 3rd quarter in 2023.

Nugget Pond Power lines/pole work postponed until winter months as need more solid ground. Will also look at other options for works to be undertaken.

Once again stating our thoughts about company being significantly undervalued by the market.

No dividends for foreseeable future in view of future expenditure as would be expected.
Did I miss anything.

I believe they were looking to review work to be undertaken to minimise disruption. Was supposed to happen within a month so could have gone into May. April results looked to be only lower due to crusher issues and lower grade. Hopefully I'm wrong but April production figures suggest otherwise.

The company now looks to have turned a corner and is back on the right track. I'm not expecting amazing or great figures for May, as I believe they needed to replace Nugget Pond power lines/poles. This was expected to happen in the month so could have been early May as update provided on the 11th April. Will have a knock on effect to production figures.

What I want to see is mill being fully utilised when operational and grade hopefully improving.

Looking for consistency. Hopefully some further information on costing but not expecting this until mill used fully for a month so we get true costing per lb going forward.

A bonus would be any update following Ore sorter feasibility study but may be early days in respect to findings and updated costings.

The SP will correct as the next two-three of months production figures confirm everything is on track. Fingers crossed for update tomorrow.

capacity up to 14,000 tonnes per month once the second circuit is commissioned. Of course they need to start mining this amount of ore first. This will only happen when both mantis drills are in place and fully operational as well as enough staff on site.

Could be a game changer once Mantis drills and fully staffed. looking at another quarter I would say before we get to free cash flow. I don't think we are there yet! Not long at all from a mining point of view.

Good to see works have commenced and on track. I have no doubt its going to hard to keep to costs but 50% achieved so far is remarkable considering macro economic environment. I'm expecting costs over run overall.

This inflationary pressure should also lead to increased prices for nickel so those invested early are going to see gains long term.

It's good to know there was a positive operative margin on last year's production even with copper hedged. With new equipment and increasing Copper recovery as well as selling at market rate there should be significant profit to be made this year.

As many have commented there are now 4 stopes developed and mill capacity should maximised going forward and therefore I'm fairly confident 7,000 tonnes is achievable. Especially as stopes mined is mixed with higher graded copper ore.

With main stope development done I'm expecting costs to significantly reduce going forward as costly contractors can now be reduced as the mine is a developed state. What I would like to know is the all in sustaining cost of development and mining which should be confirmed by the end of this quarter.

With a couple of months production updates and costs known the market will be in a better position to place a forward looking Outlook to Rambler. Still looking at a SP in excess of 45p this year even with a change in global outlook.

Market has liked the news today and believe finance is not an issue going forward. If this is the belief then current SP correction is just the start considering Market Cap prior to finance issues.

In addition production has increased and there will be step change in production following the introduction of Mantis jumbo drilling rigs. Refurbishment of cells and installation
should allow for production of between 1.0 – 5.0 tonnes of a 50% Mo concentrate per month.

There will be upgrading of mill including crushing circuit which should improve metal recovery in the future.

BoD have not made the best decisions with chasing other dreams but today's announcement of Joint venture has gone down well. I expect finance already being in place has helped.

This all suggests a market cap far higher than pre finance issues.