Member Info for APD708

Quietly the SP is rising :) which is fantastic. GLA.

@jamesjohn, i see your point but it doesn't mean anything.

In truth, the only thing that matters to all the shareholders is that Vast produced 493 tonnes of Cu in Q4 2020. THIS IS THE PAST.

What will matter now, is can Vast continue to produce at BP with new modern mining operations by using the new machines they already bought (3 LTHs and 1 jumbo drill or whatever it is called - see my post from over the past weekend, i searched and estimates around $400,000 to but these new machines) and continue to sell to Mercuria?

If Vast can't and that may be because of any number of reasons such as operational issues, etc. which can be tackled and resolved then the shareholders will be ok from a longer term view (2 to 3 years out). If fundamentally, AP and BoD has lied to us all the BP is a great low producing asset with tons and tons of Copper (and other stuff) then worst case we will not our initial investment in Vast (let's forget any profits) and Vast will pack up.

Any words or podcasts not related to positive production figures and revenue from BP mine won't matter to the share price. What Atlas do is also a big question and it will impact further dilution of the shares or even worse if they seek some other course of action.

The reason AP hasn't come on the last podcasts is not because he may be in Zim but the real reason is he knows it will be counter productive for Vast as no one trusts him.

I do wonder who took part in all the placings last year????? Vast has convinced them. They can't be all fooled into placings. Or perhaps those who took part in placings are extreme risk takers and sees a HUGE HUGE potential in Vast like 10x+ returns.

Honestly, doesn't make sense that through out last year there were many placings but then the 2nd last RNS says Vast has not produced as per the expectations (estimates done by Craig Harvey).

Whichever lens one looks at Vast they must come to the same conclusion that the CEO needs to go as he had 3+ years at helm and have driven the SP down year on year.

All, Marcus Brewster officially started today with Vast. BP's chances of success by (1) continuing to produce, (2) transition to the "modern mining operations" and (3) explore and mine the new north skarn area will increase the longer Marcus stays with Vast.

If Marcus can't do his magic on BP in the next 12 months then BP mine will be doomed into oblivion forever.

Apparently, this Craig guy is vastly experienced.

And as per this RNS: "As a result of experience gained since production commenced in October 2020, the Company is in the process of preparing a revised mining plan for Baita Plai incorporating a move away from the traditional labour intensive mining methods within the existing plan to a more “modern” mechanised mining method. This is designed to overcome various operational issues, to enhance productivity and efficiency and thus to optimise the in-situ metal value and take advantage of rising commodity prices."

So Craig is not experienced enough to see that the current mining method was labour intensive and not a modern mechanised one.

Who are you fooling AP and Craig???? Do you think Vast's private investors don't know what is going on with Vast with you lot running it? You couldn't fool the bank, could you? Do you want to share the real reasons with us all why the bank didn't go ahead with the financing?

three additional underground LHDs - as per this site https://www.made-in-china.com/products-search/hot-china-products/Lhd_Underground_Loader.html, average price for a new one is approx USD 50,000 so 150,000 in total.

a Jumbo Face Drilling Rig with long hole capabilities - as per this site https://www.made-in-china.com/productdirectory.do?word=jumbo+face+drilling+rig+with+long+hole&file=&subaction=hunt&style=b&mode=and&code=0&comProvince=nolimit&order=0&isOpenCorrection=1, average price for a new one is approx USD 250,000.

Total for these items = approx. USD 400,000

So any revenues from Q4 2020 from BP would have been used to procure these items. Vast is expecting to incur lot more cost before BP is at maximum production capacity and to exploit new north skarn area. Hence, Vast let Atlas convert.

I anticipate Vast will let Atlas continue to convert. Another RNS that reflects very badly on AP and the rest of the board. What are these guys doing, seriously???????????

I think this RNS and any future ones will all be a distraction that AP is looking to create to buy him time until next year and to keep the SP down as his 12-month lock-in period will end in Nov 2021. After that point, he will do everything to get the SP up (his average is 0.18 or close to this), sell up, make a handsome profit and move on. This is my view. Does anyone else share my view?

Yeah I am thinking positive like you fingerscrossed. But I do wonder what will be the cost of this modern mining operations and equipment & training required for the staff who were used to using the old equipment and operations method.

I think this is all a distraction that AP is looking to create to buy him time until next year and to keep the SP down as his 12-month lock-in period will end in Nov 2021. After that point, he will do everything to get the SP up (his average is 0.18 or close to this), sell up, make a handsome profit and move on. This is my view.

My sympathies for you @grg. And I am happy for you that you are feeling relaxed.

@bhargav, you know the history of Vast's performance and in particular the market sentiment towards AP, right? With that aside, in my view if we are lucky we may see the SP reach around 0.40 by the end of this year so as you are prepared to hold for 6 to 12 months you will see a return :)

Indeed, it will pull back a bit for sure (and that is how it works) in the coming days but great to see support and rise above 50.

Nice thinking Fantasy :) but I think our total value of shares we hold may not be too different from what it is now as our #shares will reduce vastly. Did you think of 1000 to 1 consolidation or something crazy like that which will give us 21 million shares outstanding + some in Vast's treasury.

WOW - 12p, how does one work that out?????? The only way that may be possible if Diamonds concession is in production and we find some incredible diamonds.

If Reddit mob are the reason for a sudden rise in silver then I wouldn't bank on that for too long as the steam will run out in few days or a couple of weeks max. But the silver rise is due to fundamentals then the demand will prolong for a long time.

Fingers crossed, things will get better in the coming months. Just sad for the LTHs who are in red.

Much appreciated by us all Darth, thank you indeed.

@Darth, looks like you can predict charts, where will Vast head towards in the next months?

Of course, if the bank finance would have come good, the SP would not be where it is today and would have been much higher.

@B3NTL3Y, so very sorry to hear about your situation.

@kingsley16, I see it the same way as you :). I feel even in 2nd half of this year, Vast will improve significantly. And by next year (if not this year), the extended exploration target and JORC would have been confirmed either way, if then find more goodies or otherwise.

Stating the obvious, we need BP to generate as much revenue as we can for the rest of this year (we really need the next results update to show BP has generated revenue beyond the estimates produced by Craig Harvey & market WILL respond to that) and this cash be used to restart Manaila if Vast's BOD see value in it, and start Zagra as a JV, etc....

Cash is king and we need so bad at Vast through revenue and not through more placings.......

GLA.

@chrishutch, this £72k buyer, could it be the same one that try to buy loads of shares from you as per your post yesterday.

@ReaperG, I am not in the negative club rather in the practical club, welcome to Vast (you certainly bought at an excellent time when the shares are at the bottom, hope they don't decline further) but your thoughts about good news is just around the corner with diamonds, etc. are not practical. If you just look at how long the diamonds deal talk is going on you will understand.

Also, the negative comments from some folks on here are from their personal experiences of hold Vast for too long with no return, if you were in that camp you would be negative too. I do agree that one needs to be practical as past negative experience can prevent to grasp, understand and react to what is going on today for themselves and their family.

Good luck my friend.

Predicting accurate share prices never works. Ince's fundamentals are strong, it operates in many countries (its revenue comes from EU too), I don't see any significant impact on Ince which is a legal services company (not a financial services company). Buy at the current SP is a good deal considering the board bought in Feb 2020 at 45p. If you are prepared to hold for 18 months in my estimate one can expect 3 to 4 times back. Ince may reinstate the dividend yield in 18 months too which will be a bonus.