Member Info for 1nvest

Hedge nearly cleared. Will be receiving market price which is substantially higher than hedge fixed price.

Will probably fix again for next year at a lot higher than the one about to expire. Looking good for 2022.

Finance in place!

Mining being ramped up and should soon be at full Mill capacity 1350 TPD.

In a secure area. Covid levels low with mitigation measures in place. Payment on delivery to warehouse.

To me it's a great time to invest.

BoD admitted SP reflects current uncertainty. In discussions with finance providers but nothing new there so just need to wait to see how it plays out.

If finance cannot be restructured expect Atlas to convert as they have done recently. Fingers crossed some finance company comes to the rescue.

Think the record player is stuck and keeps repeating itself. Probably needs to be thrown out as junk.

Should hopefully change when TPD confirmed and additional stopes ready for mining for 2022. This will confirm a constant supply of ore for mill.

The best point about operations during pandemic is that 90% of price is paid on delivery to warehouse at Dock.

Area is pretty self contained and only recently had a real drive to vaccinations. Ready to go for 2022

There's plenty of differing views on the Discord. One of them being mine. I like a healthy debate and people questioning my reasoning for investing. We may not agree on price, BoD communications etc but at least there's reasoning behind everyone view point.

Your a lot braver than me with finance not agreed. I'm down significantly but hoping finance can be pulled off which would see a rerating of the SP. Of course this is provided they do not undertake another placing which they have a track record of under taking.

Solid confirmed news. Absolutely brilliant to see target dates being hit. No over delivering as expected by some just delivering what has been expected which is an amazing result considering the past 18 months.

Company can now start ramping up mining and now in control of full process to gold pour which will lead to savings long term.

Expecting overall production going forward to be lower due to delays but still producing lots of gold from none last year.

A substantial rerating of SP today and over next 12 months as production increases.

Well I think we are all sitting on losses here. The only thing consistent with Vast is the decline in Sp. Basically I wake up every day to see if my lottery numbers have come in here. The reward is huge if finance can be confirmed. On the other you lose everything here if it doesn't come off. That's the way I see Vast.

Key for Vast is to refinance its debt and mine commitments going forward. Without this the company is in distress and priced to be taken over by Atlas based upon its current market valuation. I hope it all works out but based upon BoD previous finance arrangements it does not bode well for current shareholders hence current SP.

I expect you will still get a decent price in the next few weeks. Anything less than 80p is still good if your looking long term. The brakes and drop put on SP increasing last time was purely down to further finance requirements for medium term growth. The company should achieve positive cash flow within the next 6 months and will then continue to grow with efficiencies made at the mine. Biggest addition next year will be the ore sorter which will allow it to ramp up ore mining as well as reducing cost.

Well done to those invested here. There will be plenty of investors to join the party over the next few months as news gets out there. So much positive news to come by end of year:
- additional stopes
- back to 1350 TPD
- completion of exploration drilling
- ore sorter order

The money raised late 2020, early 2021 was to get the mine rehabilitated and back up and running following the near closure of company. This finance keeps the company growing, reducing costs and increasing profitability in 2022 and beyond.
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What an awful week, approx 40% drop, month 60% drop and year 85% drop. Looking longer term its the same story. With AP in charge its just been destruction of shareholder value whilst price of copper has increased by approximately 50%. Plans put in place have generally failed and this can't all be blamed on outside influences. We've seen lots of decisions which have been questionable and others which some would call incompetent. Hopefully the BoD have learnt from their mistakes and we can move on. If not they need to move on and put in place a team who can deliver for the shareholders.

Everyone expects the price of copper to remain high compared to past historal prices and therefore Vast are well placed with an operational copper mine and another which can brought back to production with some investment (a fraction of a new mine).

The BoD are keen to diversify their mining interests so best they focus their attention to Diamonds and let experts deal with the copper mines.

With RNSs released this week spelling out need for finance without which the company cannot continue. Do you really think the company and auditors are misleading the market and therefore potentially liable and would expose themselves accordingly. STOP pushing drival and ramping. Just polluting a BB and giving opportunity of doom slayers to justify their points. If you have nothing positive to ramp at this time stay quiet as its the best thing you could do for this share following news released.

Was it just to issue shares in the future!

There's only currently 241m shares issued so approx. 25%-35% dilution on share price based on when Axis capital raised money. This could take company to end of year and profitability but then there is debt to paid off in January! New loan is not going to be easy so could be further placings. I have no idea on future but what I do know is that my shares are worth a fraction of when purchased.

I personally will not be buying anymore as saw this as a speculative buy (not really an investment). With current mkt cap, finance commitments to be made and VAST track record on agreeing finance terms this does not look good. On the up side if they pull it off you will probably do well but more likely to lose what you bet.

Actually think payment is due 29 January 2022. $6.5m. This is not looking good, considering this is 3 months away and Vasts track record. For any finance to be agreed the interest payment will be extremely high.

A placing will be difficult considering past so will lead to substantial dilution. One to put away for a few years.

Mining has been going on for a number of years but with each diamond drilling undertaken the indicated reserves seem to be increasing from Inferred reserves. Mine life increases and overall attraction from a green revolution position increases.

Cornish totally agree. It's good the company is doing the analysis before mining as able to maximise copper production going forward. Working from one stop and moving on was always short sighted. Working from multiple sites with known copper ore percentages is all going to assist with providing good levels of ore to mill.

Should help with profitability and when ore sorter is in place will transform company prospects going forward. Management delivering once again

There was always a need for more finance. The equity raise last year was purely to put corrective measures in place to turn around the mine. The stope collapse/fall of ground just meant finances were required earlier than expected. The majority is being done via a loan rather than share dilution which is key to existing shareholders.

Longer term plans such as ore sorter, mill and Little Deer will need millions. I believe this can all be financed through operations and loans.

TB in my view has done a commendable job so far. Rambler would have closed if it wasn't for TBs appointment and plans for turning around the mine.

The raising of funds last year was crucial in keeping Rambler active. He joined during the global pandemic and mine needed extensive work. The stope collapse in 2021 has not helped finances and therefore there has been some strain on recovering position but this was outside of his control.

A bit more transparency around communications is key going forward but the derisking of mine activities has been good.

Key is to keep control over costings as I believe this was his downfall at Shanta. I believe he has learnt from this and has set out plans what needs to be done over 18 months from last year.

Roll on 2022 where we will see the results.