Member Info for AmyStake

Again not really sure what you are talking about

I’ve gone back over monthly chart dating back over 20 years and it’s in a lovely uptrend channel haha. I fully expect the price of Copper to absolute rocket in 2023 once this pullback ends

This will time nicely with VAST reaching maximum production levels

Price of Copper is up massively over past 2-3 years

Past 6 months it’s dropped but that’s normal as it rebalances after a huge rise from 2020 into Q1 2022

While Vast recorded a wider loss in the 12 months to 30 April 2022, the vast majority of the increase was attributable to forex movements. Mill feed at the company's flagship Baita Plai asset in Romania more than doubled during the referenced period from 14,452 tonnes/year to 38,108 tonnes/year. Since 30 April, Vast has continued to implement a full transition to mechanised mining at Baita Plai, responsible for most of the YTD production gains at the site.

In 3Q22, Vast recorded a 20% increase in production from Baita Plai. Due to utilisation of two Mantis CMR4 Jumbo rigs, September was the most successful month of underground production at the site. The mine produced 7,900 tonnes of ore, accounting for 50% of production in 3Q22. 4Q22 saw a further increase, with current prepared accessible underground ore at c. 290,000 tonnes.

The trend is expected to continue following the transition to mechanised mining, utilising Long Hole Stope methodology. The completion of Spiral number 3 will further increase the volume of production at Baita Plai from Q2 2023.

Additionally, Vast's 24.5%-owned Takob polymetallic JV in Tajikistan was recently boosted by an exclusive offtake agreement with Trafigura, a major Singapore-based commodity trading company. And in Zimbabwe, Vast expects to conclude its mining agreement with the Zimbabwe Consolidated Diamond Company regarding the right to mine diamonds in the country.

Overall, the economic fundamentals for Vast's polymetallic business remain strong. Increased demand for copper and tightness in supply have significantly lifted copper prices. The forecast global growth in EVs will keep pressure on supply over the next decade, exacerbated by declining grades, water supply issues, and community resistance. Demand for other critical metals used in renewable tech will follow a similar trajectory.

Vast's bullish outlook on polymetallics is therefore justified. Moreover, a continued reduction in Romanian and Zimbabwean country risk premiums has the potential to provide significant medium-term growth for the company. In both countries, Vast holds further mining claims and other interests, which are under appraisal.

Today's placing ensures Vast's operations continue to be supported over the coming months.

Its too cheap here. Copper price not bouncing yet but it will. Its going to be in huge demand soon

I've bought ARS a few times over the past years around 1p and done very well

Lets do it

Completely agree. There are numerous news items that can land and given how depressed things are. Both shareprice & sentiment. Won't take much to see a big big pop

Yes the vessel departing is not the sale. The sale is when it arrives and cash is recieved. Which i seem to remember was a week or so after departure

However i do agree more clarity on the technicalities would be helpful. The fact another shipment is going out mid Nov suggests that all is good

Yes they have. The Shipment went out over the weekend as per RNS. They should recieve funds for that shortly. Hence they have stated a sale will be made this month and another shipment is due out mid November which may also bring in funds by end of month

They have no more headroom. Given they have enough cash to cover ST liabilities and more, plus they have more regular shipments going out with next due mid Nov bringing in cashflow, i would expect that they will need to get a big pump on before anyone will hand them money again

lets see what they come up with. All time lows double bottom at 0.22p.

Someone fancies it from this level i guess

Thats the spirit. Sentiment is about as negative as it can get. Everyone expects more pain and suffering in the months ahead.

So wouldn't surprise me if they go on a massive run again soon. Production levels are increasing which is good and Directors have deferred taking salaries which is also a plus for me. They state they expect the next set of financial results ending April 2023 to show profitability. Bold claim. But lets see i guess. Hardly worth selling down here at all time lows

Wow i did miss that about being profitable for the year ending April 2023.

Given September was a record production month since 1940s, and October has again produced more than September, its a good sign that production is really starting to ramp up. I believe it when see it but if its pans out... And its a big IF... Then this could do another big rise fro the 0.2s

That won't be an issue. It'll just be renegotiated and extended for anther 6-12 months. They won't have the capacity to pay that off in May and i doubt they have any interest in doing so either. The focus is on whether they can get Copper production to higher enough levels to be cashflow positive for them

Going very well

0.08p about to be taken out

Few small buys and it'll break 0.08p

Feels like sellers have run dry

There are some nice bids in the market as well

Underwater. So far the majority of you appear to be right. Feel a bit deflated with the price action given i genuinely do believe they are on the cusp of turning it around

Calling the exact bottom is always tricky.

Since Monday when it hit 0.12p its trade massive volumes

Live ASK is ticking up and think sub 0.08p will be a thing of past soon

November will be exciting

Think we can see 0.08p+ today

Funded into next year with a huge amount of newsflow due in Nov

Volume 750m and counting. Its really been an impressive clearout day

Now the company is funded and has lots of different things going on in November it should do really well

0.08p+ pop into close or tomorrow

Company has cash in bank until next year. Flow Test results due. Further drilling to commence. Georgina Energy to list on AIM market. Seller cleared

There isn't really any downside from these levels given it traded 0.12p on Monday