Member Info for 1nvest

Sounding more positive but as always its jam tomorrow. Production has increased and should have step change with Mantis drills in place. Not had confirmation that they have arrived but hopefully soon. As per norm 'the Board believes that with the increase in production the mine will become a profitable asset' I will believe this when it's reported not as per every RNS for past year or so.

I was saying the same thing six months plus ago when company was worth in excess of £10m. Have no faith in this BoD or their decisions about running after alternative investments to get people to pay for their lifestyles.

I think they have cornered themselves and now need to make BP work and therefore this gives me some hope and believe this bet is just like going into the bookies with current market cap.

At least you got out in 2018 and managed to save 99% of your position at that time!

Company is currently on life support and it's a question of whether it pulls through with finance being agreed. Waiting and hopeful but no guarantees as company has been in this position a couple of times in the past couple of years and fallen through. They are also not good at hitting deadlines so could be another month and further dilution but once again hoping this is not the case.

There is currently a massive disconnect between market cap and developed mine in situ. Since January 2021 over $37.4m have been spent on the mine, refurbishing it and developing the stopes which are now being mined. Infrastructure has been improved and is being upgraded as the mine now develops. There was already substantial infrastructure in place pre 2021 and therefore current market cap does not take any of this into account or free cash flow now being generated following the new mining plan which is in operation.

Current reserves in excess of 20 years and I expect this to substantially increase as exploration drilling continues to prove further zones of copper and gold.

We should start to see a significant rerating of share price as mining figures are released over next two quarters. The figures will show month on month increases since last year and we should see consistancy in 1350 TPD being Milled from June onwards. I also expect ore stockpiles to increase building in resilience in case there are any disruption in underground mining.

The mine has been redeveloped and for those who have invested should now see the benefits going forward especially with copper demand expected to be in excess of supply in future years.

Good luck to those invested and as always DYOR.

I think you guys have forgotton about the diamonds in Zimbabwe... Got to worth a couple of billion.... Just need to find that pen!

SandyShore, considering total destruction of SP and mkt cap I would think its in the interest of Directors to take this private in view of free cash flow going forward if they are anywhere near previous forecasts. I wouldnt put it past them. Based upon previous experience of BoD not sure if they are capable of raising the funds to do this. Even if they were able to do this I would suggest current shareholders could take BoD to the cleaners in view of their incompetency in running the company. I would definitly be interested in joining in any litigation against BoD if this was the case.

I'm view of above I would agree its in their interest to get finance agreed and get SP moving in the right direction. Its just a question once again of them being capable of raising finance to settle Atlas debt as well as any other liabilities they have agreed in respect to Ghaghoo mine.

Based on current mkt cap I expect the company could now be wound up and asset sales would pay creditors back and wouldn't be surprised if shareholders got a penny or two back. The general decline in SP has the market writing off this company.

On the other hand if there is management buy out expect to get nothing. Wouldnt surprise me if Ant Harry's prediction comes true but would expect further poor RNS to drive mkt cap down to about a million.

My knowledge of Romania mines is limited but my understanding for copper mines was that the grade and costs associated with them made them non viable from a financing point of view. Of course this may have now changed with technology advancements and increase in copper price.

Anyway I think we all agree Vasts BoD have a consistent track record for not delivering.

I don't disagree on competency of partner chosen. The jurisdiction is good to raise finance compared to Romania. Of course this doesn't take into accounts Vasts BoD ability to arrange it.

BOD probably looked at mine and technically they probably believe they can make it work but it's a risk so would rather leave the finance to partner to arrange. Ultimately BOD would have been the initial operator of mine and therefore dealings with VAST from operational point of view would have been limited.

The company I work for has bought out numerous companies and due diligence is done but we have had our fair share of dodgy owned acquisitions which we have had to sort out.

Well JC probably thought not providing finance, acquiring 10% of mine with potential to increase percentage if it works out. What do we have to lose as,
'Vast to provide the full finance for the acquisition and to bring the mine into steady state production up to a maximum of US$15 million without any reduction in BOD's share. BOD to have the right to contribute to earn up to a further 20%.'

Agreed its always jam tomorrow never today. Been talking about refinancing since Atlas provided funding as they saw this as temporary stop gap. Financing was expected to be completed Q1 but no expectation from shareholders considering endless stream of broken deadlines and targets.

At least Botswana Diamonds are seeking alternative investor. It may actually get done but its high risk for anyone joining as the main liability falls on new partner. Unfortunately can't see Vast exiting this position easily.

On the plus side Vast still thinking they will be around on the 10th May so can only assume refinancing is going well.

A 67% increase in tin concentrate production in Q3 should hopefully reduce production costs going forward.

Great update. Still looking to hit 20,000 ounces for the year and potentially 10% above this. Looking at free cash flow of approximately 18,000,000.

SP will be launched today and will continue to bring in the money

I say big sells as they are in the hundred of thousands. Only worth a few thousand now but expect they would have been bought in the tens of thousands originally. Anyone got any news as looking dire. Not that the SP looked anything else for the past 5 years!

That's right 25% longer term but will take a number of years to fulfil 10,000 ounces and subsequent 5,000 ounces before reducing to 25% depending on ramp up. I'm not sure if I will be invested here in 5 years plus to the amount commited currently. Therefore working on 50% for near to medium term. For most here probably considered long :P

Less than 3% of revenue has been from gold during lifetime of Ming mine to date. This deal with Elemental only provides 50% of gold to Elemental with minimum of 1200 ounces a year delivered to them. 20% of market price of gold will also be provided to Rambler on ongoing basis. Based upon these figures you can see the value of Rambler being significant over the long term once fully ramped up. Even on short term basis shows you what 1.5% of gold value is worth (that doesn't take into account 20% payable per ounce) to Rambler!

Great deal by Rambler to boost capital for next expansion phase which once again looks to be sourced via debt (loans or bonds?). Can't wait to see plans and what the expectation is for the future. What I do believe is that Rambler are considering a serious ramp of mining activity now that the Rambler has de-risked mining by developing multiple stopes and putting mill to full use going forward.

Great news for additional funding to support development of mine without affecting copper sales. I always saw the gold byproduct as an extra but this had added significantly to working capital after settlement to Sandstorm. Additional 10% when viewed against mkt cap. Great work and not resting on current arrangements.

The ore sorter is only required when targeting lower grade ore. When the ore grade is near to 2% it is not likely to be economically viable. There are currently 4 stopes in production and therefore Rambler can mix grades to make best use of the mill. As stopes are mined the grading I believe should increase. In view of this there is no reason to be purchasing ore sorter at this time but will be needed in the future. One to check on next question and answer session.

There are a lot of other cost saving measures which can be looked at in the interim such as shaft refurbishment.

Just my view on current position on ore sorter as some seem to be stuck on a broken record here.

The deramping and trolling has been going on for months/years whilst SP has continued its downward movement. Maybe they are more realistic and looking to protect potential shareholders. Looking back maybe I should have been more attentive of their views. I'm seriously down here.