Member Info for APD708

Hi mcadder, please read the TR-1 carefully, Capstone has used a Swap for their stake and haven't bought a single share.

If they had bought shares then they would declare that in 8 A in the TR-1 form.

Happy to learn for you if I have missed anything....

Hi Harry, believe it or not, I was once 140% up on this share but never sold thinking this would even better over 5 years - massive lesson learned.

Just read your comments about Alan and his wife's stake (and also the present CEO's circa £1m stake) and when I saw Alan's stake I was going to buy more but I didn't as the CFO, Simon never bought a share which alarmed me.

Do you think Alan, his wife and the present CEO will buy it for peanuts and take it private???

@Valueplay, hi, in your opinion how much will the SP drop by today due to poor results? Or is the bad news already baked in to the current SP please?

Nettleton didn't sell yesterday, he sold on 30/01. Check RNS.

I have seen this with Vast for the last couple of years.....

perroverde check my detailed analysis post on Ghaghoo from last year - it is a money pit - mine was shut due to damage from earth quake and helicopter was used by gemd to service stuff as it is in middle of no where....

I see your point Arxxx.

What is worrying in the 17th Oct RNS is that £1 million was settled with shares to partners. "approximately £1.0 million of amounts owed converted into Subscription Shares."

Arxxxx, look at today's RNS, bunsenburner is talking about Alan Sellers selling....

I am not offended IG for being called out for a stupid question. I will share my situation, I was going to wait for my investment to double before I sold and I was prepared to wait at least 3 years. In a couple of weeks, my two year wait be over and I am down 99.xx %.

I was hoping to have a thought conversation with you. Never mind.

Fantasy, said it very well.

Ok thank you for sharing IG. And what target do you have in mind and when do you expect Vast to reach that please?

hahaha, nice one Hector

What is your average IG if you don't mind me asking?

Hi Mark, my fingers are crossed for you that it doesn't drop below 4.8 today, what is the situation with the Long position and time?

Well said poorinvestor. Life & then good health and family is actually the most important thing.

Just look at billions of people in poor countries, they have hardly any money, can't even eat 2 nutritious meals a day.

Hi Jones, please get some sleep and be ready for tomorrow :)

we are sitting at 7p and journey to £3.30 /£5.00 is a light years away.

Hold the share and buy the dip but be nimble to bank your profits as there will be volatility here.

As per the below excerpt which is from yesterday's Final Results RNS, Vast is due to pay US$1.991 million payment within 60 days of the reporting date. And within a year Vast is due to pay US $10 million. Where will these $$$$$ come from?

From BP which we know is not profitable.
From Tajikistan venture which we don't know much about other than 1 payment of US $1.6 circa Vast received in May this year.
Will there be a windfall from the diamonds in Zimbabwe (magically of course)?

Will they just keep refinancing?

Does this suggest they have no option other than refinance and attract new investors or punters? And this will further dilute existing shareholders.

----------------------------------
The maturity of the Group’s and Company’s loans and borrowings are shown below:

Interest rate 2022 Group 2021 Group 2022 Company 2021 Company
$'000 $'000 $'000 $'000
Secured short-term loans 5-8% 10,075 9325 5,100 4,847
Unsecured loans 0-6% 241 268 200 217
10,316 9,593 5,300 5,064
These loans are repayable as follows:
-Within 1 year 10,316 9,593 5,300 5,064
-Between 1 and 2 years - - - -
-In more than 2 years - - - -
As set out in Note 18 of the consolidated trade and other payables balance of US$4.359 million, US$1.991 million is due for payment within 60 days of the reporting date. The maturity profile of interest-bearing debts are highlighted above.

I agree with you Hector :)

Vast consolidated last year (check RNS) and after the RNS there were around 200 million shares (from 20 billion or so) and within some 18 months the total shares are 2.2 billion. Check back Vast in another 12 to 18 months for the total voting shares.

If there was a bet that Vast's total voting shares would increase then I would bet everything on it.

Indeed Radika, as I shared my opinion with you before please do not average down. Please find other shares if you have money to invest.

I wrote off my investment sometime ago.

After the recent placing the total voting shares are 2,281,643,324 (2.2 billion) and the market cap will need to be £228,164,332.4 (228 million) and the SP to reach 10 p.

Do you think Vast will ever be £228 million market cap stock? Reasonably, we can conclude not.

And I don't think Vast is done with placings.....

AP continues to find new punters (I am not calling them investors).

Hi unhooked, is the debt on fixed rate/term? How much debt are they paying every quarter?

Reasons for the share price action may be following:
- Market knows the inflation will remain high for the next couple of years pushing up the interest rate which will increase the interests on the debt payment?
- reduced revenue and profits due to supressed macro environment over the next couple of years
- present market sentiment

Look on the bright side for you, another take over bid if it comes will send the SP higher...

What does folks here think of a placing with a premium to the current SP? Is it even possible considering the shares are probably oversold? Any views?