Member Info for 1nvest

I stopped reading after first few sentences. Living in another dimension following what's actually happened at BP and value of diamonds.

Wasa I can see your view point. I was also tempted to sell on suspension being lifted but decided to average down instead. Just something about this makes me feel they are trying to do the right thing. I think games were being played but the CEO believes she can make this happen. The price of gold definitely helps but first they need to hit that 650 ounces per month and increase from that position. We know the amounts discussed in the past but I think they were fanciful looking back. Getting to 1000 ounces per month will get them into a solid position to expand and manage debt.

Longer term there's plenty of potential buy what i would like to see is costs controlled and continuation of progress being made. Getting to 1000 ounces, free cash flow to reinvest in Homase pits and continue development drilling at Akrokerri mine for future development. Plenty of potential but company needs to deliver on its plans to rebuild investor confidence.

If the company delivers on 650 ounces per month it's under valued. On the plus side longer term we could be looking at over 1000 ounces per month. Track records not been great butbon recent announcements the risk reward position has improved for potential investors.

I think leach recovery percentage is more realistic considering problems encountered with the process over past couple of years. Hoping it can increase but just viewing that as a bonus.

Costs have increased but so has the price of gold. I expect there will be a pull back at some stage but even so should generate a decent return. Question is how much can they expand operations?

Positive RNS. Was thinking about topping up yesterday but then decided against as already have too many here overall. There's still a lot of risk here at current price of vanadium but there's definitely signs it should increase in the near future. Probably looking at last quarter into Q1 2025 depending on USA economy. The company has enough funding agreed to get through to 2025 so could see a good return for those with patience.

If expectations of vanadium demand materialises CC would be right in his expectations of printing money.

Hi Boldicus,

I actually sold up last year or year before at a loss. Think I first purchased around 7-8p but then sold up as forecasts were reduced. Then bought in again just a few months prior to suspension and topped up when it became unsuspended. Currently therfore have an average of just over 1.7p. Don't have many but more than before considering SP drop. Taking into account previous losses will need to check but probably looking at around 2.5p.

Bought a few more yesterday. Not many in view of last year operations but believe company has started to make progress. With the addition of the leach pads costs should come down as they can process more ore. It's looking positive.

First two main issues is to get licence renewal and finance in place. Operations are currently loss making and AP has openly admitted the latest share placements have helped to keep the lights on.

Without significant additional finance, development work cannot continue and costs brought down. The previous revised mechanical plan replacing original mine plans has not resulted in the increase in tonnes envisaged.

This share will only start to shine when the start showing the market they have turned a corner and can generate free cash flow. Currently it's a case of limping to next share placement which is getting more difficult in view of the SP hovering around nominal value again. It was only earlier this year there was a share consolidation to avoid this and continue placements. No one with hind sight can say there was now another reason for doing this, no matter what the BoD said at the time.

Sounds good but will this mean licence renewal or state thinking Vast have not been able to turn this around and we'll take it over and run it or offer it to another who have the funds to invest.

I'm on the fence here. Not sure if it's great news to Vast especially as they are looking to reduce number of employees. Hope to be wrong for investors

Ok sounds nice for the state company, but what does this have to do with Vast Resources. Its a separate operation. Am I misreading this article.?

Who know State may look not to renew licence and take over BP to secure people's jobs. To date Vast have been unable to turn it around profitably. Some major expenditure done but not generating significant money and I believe debts owed to the government.

Who knows what's going to happen as outside Vasts control now.

Unfortunately a dream currently. Personally don't see funding agreed until renewal of mining licence. Also resolution to period of voluntary reorganisation at Baita Plai mine (looks to have been forced considering money owed and costs). Question is how much would an investor be willing to lend considering track record of BoD in the past 10 plus years. Considering SP over the same period why would anyone want shares in the Company. Maybe some warrants at a decent price to sweeten the deal in case they can turn the ship around.

Not given anything back to shareholders in past 6 years except for empty promises on breakeven, diamond mining concession, profitability, transparency...

A previous CEO of Vast said this was a life style company. The BoD tried to change but it's been too difficult in the jurisdictions the company operates in. The BoD are out of their depth and it's coming crashing down around them. The BP mine wasn't even good enough to secure debt against. Third party, asset provider, must be livid.

What assets? There is neglible value in assets at BP in view of their current use. There is also debts to be taken into consideration. Licence up for renewal at BP.

Copper in ground is worthless unless it can be commercially extracted. To date this has not been the case.

Love to see your calculations.

I expect the costs to pursue in international courts would be prohibitive. It is likely to cost millions and even if successful chances to recover money minimal as would need to seize assets.

In view of news circulating as well as defaulting on loan repayments you would have thought BoD would update the market. As always with Vast shareholders are last to know even though majority of shares held by PIs.

Shambolic management of company continues.

I can potentially see a premium to current SP but I'd be very surprised to see it above 0.6. AP words to date have hardly ever come true. Would be great if this was the case for shareholders.

Thinking about it originally AP put out a forecast for 2024-2025 $34.7m in 2024-2025, and net operating cashflow $21.9m. I'm sure you think that will be hit as well. Just like all the previous projections mentioned.

The 2 Mantis drills were put in situ but this still did not lead to net profit. Numerous other equipment was also purchased. Originally a different drilling machine was going to be purchased but they then realised it couldn't fit in the tunnels!

Previous plans have been found to incorrect and wanting. Clear direction needs to be provided and some updated projections on ore tonnes to be mined. Nearly half way through the year and we are non the wiser