So today I have finally made the decision to END it all, having watched my life savings in this share continually dwindle for the past 5 years after continued promises and hundreds of +\- RNS releases. Having started investing here at 50p and averaging down along the way. I can only say this has been a manipulated and corrupt share used as a endless bank account for corrupt & manipulated market makers, institutions and banks.
I have no idea how a recommissioned mine with estimated 144m infrastructure and potential capex costs paid for along the way by vast shareholders could only be worth 4m Mcap compared with other companies with with magnitudes of the present mcap and no infrastructure or no attributable value to the assets or future.
I would like to say thanks to the derampers on this board for the continued destruction of the well-being of good honest people on this board with good intentions. You should well research the ‘S’ in ESG and the responsibility to society, endorsed by well founded individuals for the benefit of communities, wellbeing and society’s. As a generous person, working hard throughout my life, those around me and the local economy have always benefitted along the way and always there for others. A firm believer of “When you give, it comes back in another way. If nobody gives anything, nobody gains anything” Sadly this is the world today, full of takers.
Sadly I lost my business and my house after covid, can’t afford to get engaged or married and years of my life have been put on hold.
I have one question, what will happen to the shares held by a shareholder if they are deceased. Will they remain held until sold by a relative at a later date or will probate sell the holding at a later date?
ATB
Following on from watching the Q&A session I just wanted to say thanks to both Andrew’s for presenting the Q&A and if the BOD do check in to read the LSE board, their responses to all of the questions and clarity was greatly appreciated by myself, who has been part of the company for many years, and continue to be an investor in the company and a significant multi-m shareholder which I continue and intend to add and hold for the mid to long term. I have followed the company for over 5 years and read through every issued RNS during that time, where I feel I have a great understanding of the intrinsic In-situe and operational value of Vasts assets which are clearly misaligned and significantly undervalued compared with many if not all non-producing equities with no means of ever seeing production snd significantly higher debts and overheads. Anyone who understands mining will understand the capex and opex required to bring any significant asset or mine into production and this is clearly not reflected in any way in Vasts SP and regardless of what certain posters stuck in the past on this forum may elude. Where we are today -operationally is significantly different to where we have ever been in the past.
Andrew’s - having watched the QA your responses were much appreciated. Understandably your decisions have got us to where we are today - now with an operational mine and the new venture in Tajikistan and getting through the other side of Covid -where many other businesses may have failed - This should be seen as a great achievement not only by yourselves, regardless of the difficult decisions, but by significant longer term share holders and investors which the board are aligned.
We are all human (most of us) and from the Q&A I could see the BOD may have been subjected to some abusive live Q&A questions -which I felt I could see expressed through heartfelt expressions and sound responses, where I empathise. Nobody in life should feel intimidated or subjected to abuse / defragmented against - especially by certain posters on this forum - who I feel for the past 5+years have taken pride in the depression felt by long term holders, subjected to non-stop negative sentiments - which has “symbiotically” been inflicted and by the market.
Just like the board and long term holders who have been along the journey, our investment is now in the operational and producing assets which will deliver the multi commodity producing intrinsic value we have converted our hard earned digital tokens.
Keep your heads up all the best to the board at vast to bring us into profitability and for removing the remaining convertibility and all best to the vast team working hard every day in the mine. Unlike the Traders and Negative defamatory posters - It is to the hardworking team in the mine that the longer term holders shall greatly commend their bravery and hard work which we all hope to see the longer term benefits.
All the best,
B3NTL3Y
Thanks to this lot I’ve lost every last penny, 50k @ 18p even after a call with vast reassuring everything was ok a year or so ago and continuing to put out positive and encouraging interviews, media and RNS’s - everything was on track. Not only have I lost my small business, but remortgaging my home due to covid. Thanks for the deception from the BOD, the market and vast, it has literally helped to leave my children with no food on the table, at a time when it’s needed most. All the best everyone, take care and try to remember there’s at-least a few good people left out there in the world, the rest are clearly bent and corrupt just like the UK market and its makers. Calma in whatever form will follow the I’ll and bad intentions like a shadow. And let the light shine on those with good will and intentions.
Bye for now. B3NTL3Y
5 or so regular posters here for the past year working together and validating each other to grind down hundreds if not thousands of existing holders who may check in from time to time for a quiet cup of tea and a bourbon biscuit.
Why might they want to grind you down may you wonder?
Name ONE producing company with a mine with multi-commodity PRODUCTION that you could buy with a £16m Market Cap. ?
YOUR INVESTMENT over the past few Years has been Utilised to bring this company to a cash flow positive state which has continued to mature as we progress.
The ASSETS & MULTIPLE Commodity values will look very favourably on the balance sheet in the not so distant future.
Keep POSITIVE folks and look after your wellbeing and remember, if you come away from reading this board and feeling down, then you can REST ASSURED the regular GRINDERS are achieving what they intend; to ALLUDE shareholders of there long standing investment.
BUT remember there’s hundreds of us who have invested here and are standing with you and by the COMPANY.
- For the Existing Time Served Shareholders we will soon converge and have a REAL discussion on the POSITIVE achievements WE have made by SUPPORTING the Company TOGETHER and YOUR INV£STM£NT IN THE FOLLOWING:
Baita Plai Operational Update - summary of refurbishment works
Tue, 10th Aug 2021 07:00
RNS Number : 0795I
https://www.lse.co.uk/rns/VAST/baita-plai-summary-of-refurbishment-works-0l3c7g9ra22yjlb.html
Best regards,
B3NTL3Y
https://m.youtube.com/watch?v=9SmEDAwYPSU
Published 27.05.20
In operation since Nov. 2020. Operational Mine with a £15 Million Market Cap?
The Site & Resource is MASSIVE.
TR1’s & Institutional Investors at the ready.
Shore Capital - shorecapmarkets.co.uk/our-people/
Xavier R. Rolet KBE
Non-Executive Chairman
Xavier joined Shore Capital Markets as Chairman in 2020. During his decade as CEO of the London Stock Exchange from 2009 to 2018, Mr Rolet transformed it into one of the world’s largest exchanges by market capitalisation, increasing its valuation from £800m to more than £14bn. Prior to joining the London Stock Exchange, Xavier held various senior positions in the financial services industry, including co-head of Global Equity & Derivatives Trading at Lehman Brothers and Global Head of Risk and Trading at Dresdner Kleinwort Wasserstein.
Sounds positive to me Firwood. Based on Mr Moritz’s total ownership announced today which represents approximately 0.21% of the company, together we must hold 0.28% of shares at a much higher SP pre consolidation.
B3NTL3Y
Darth,
The following are ALL buys. The early 8 - 9.30am stamped also mixed into the late trades are also all buys. 100%
16-Mar-21 17:05:10 0.12 5,752,271 Buy* 6,903 O
16-Mar-21 16:38:32 0.12 66,000,000 Buy* 79.20k O
16-Mar-21 16:38:05 0.12 229,000,000 Buy* 274.80k O
16-Mar-21 08:38:04 0.113 30,000,000 Buy* 33.90k O
16-Mar-21 09:22:40 0.1172 50,000,000 Buy* 58.60k O
16-Mar-21 10:22:57 0.1225 65,000,000 Buy* 79.63k O
16-Mar-21 10:28:46 0.128 25,000,000 Buy* 32.00k O
16-Mar-21 11:01:37 0.1203 10,000,000 Buy* 12.03k O
Hi Pecten,
Unfortunately my company has had to seize trading and close but we all have to keep looking forwards rather than backwards, like anything in life as an optimist.
Having continued to hold vast from 0.5p over the last 4+ years with an excess of 15m and added more in more recent times, I have reduced my average somewhat closer to 0.3p but I will still be here for the long term and funds permitting I will add more when possible.
Hope you are all doing well - APD, jimjam, chrishutch.
All the best,
B3NTL3Y
Its not uncommon to see 5000+ trades per day. Especially once news drops.
21,300,000,000 Equates to = 4130 share holders with 5 million shares each. All be it I amongst many other Long term shareholders + The Board are already holdIng significant amounts of shares in well in excess (0.4p +) of todays highly suppressed share price.
All the best LTH and the team at Vast.
B3NTL3Y
APD, jimjam, chrishutch, Fantasy thanks for your commiserations.
After 5 years I would have thought my investment would have at least come good or broke even but hey now the traders are in there’s very little hope left for me left to see a ROI. Unfortunately just like you fantasy, I have nothing left to average down and it’s been the LTH and hard earnt savings that has supported the company through placings/ positive developments / reduce its liabilities / pay for the JORC ( As an international standard of accounting it appears it’s not worth any company doing by proving its value or resources) which is shown by the MCAP / SP) & supporting the company into production.
- If reviewing the equations of the JORC value and looking at previous years liabilities (2015+) through all of the interim/financial results and looking at the timeline of the respective sp/market cap. The major reduction in losses & liabilities / ‘The Market’ has only declined the MCAP / SP further than having a JORC compliant resource and an operating mine in production (unlike many shares) regardless of the additional shares in issue.
This is where I appreciate what has been necessary by the Vast Team / AP & AH et al. / And the company is finally beyond the crossroads.
Having started with nothing in life and made my own way, unfortunately time looks like it’s soon to run out and with my portfolio practically worthless and no reserve to draw upon It’s the team I work with I feel most for.
. I would just like to finally say well done to Boris for levelling up the country. (Reminds me of that bulldozer he was driving with the ‘Get Brexit Done’ slogan!!
Having a bad week this week, but I am usually ever the optimist and try and instil positivity into the lives of others. Rather than taking the easy ‘default’ mode everyday / I would use the stairs and make positive steps for myself and others. Maybe this weekend I should just play the lottery.
All the best.
B3NTL3Y
Ps. Fantasy and Others. Please be mindful and show some empathy to all the long term holders here who have stood by this company to support it to where it is today. As it is 10 x the company it once was, and the SP has been decimated in reverse to where it once was by the market even with all of its positive developments / JORC / proven resources / assets and reduced liabilities.
Just a shame that personally for me having stood by Vast and my investment, my own company is now potentially going under and I am potentially facing bankruptcy. So I may never recover or get to see any return from my 5 year investment in VAST or any of the hard work or money I have put into my own business, which supported my own team, suppliers and many others.
Best regards.
B3NTL3Y
Sounds like an agenda to there Fantasy.
I have been here 5 years. Almost lost everything I put In here. Partly that the market cap is in no way a reflection of the company’s assets or worth.
Not only that, but my business is also soon about to go under due to covid. But hey, not even I would be able to recite all of the detailed timeline in your post with such clarity there Fantasy and I have been here a lot longer than you. Sure your not a Market Maker with a notebook?
Well the interim results were before vast started production (upto 31st Oct). So old news.
Since then Vast are now in production and producing revenue and are one of the lowest cost mines/producers in Europe. - What is long term holders have stayed and stood by the company for. I still have my trust and faith in AP and AH. Personally, I look forward to consolidation of the shares and reducing the liquidity - making the company a lot more attractive for future II’s
Although I have suffered significantly. With all that has been necessary to shore up the balance sheet, eradicate losses and limit the liabilities over the past few years - which is clearly been accomplished,
Vast has now turned the corner into a cash flow positive company with a revenue producing mine which should shortly be ramping up production. The next set of financial result will Clearly show the above.
In the near future I can’t see why we can’t just pay off the Atlas finance outright with the revenue from 2nd or 3rd or 4th shipments and funds raised from the recent placing.
Following that, have the additional option of preferred finance from a Tier1 bank or institution to propel the company forwards. My research and experience would suggest the likes of the EBRD (European Bank for Reconstruction & Development) would suit quite nicely along with Europe’s 1.4 trillion stimulus package would suit quite nicely.
All the best LTH’s.
B3NTL3Y
Thanks Max & Best Wishes for the new year.
As one of my favourite sayings go “You can’t look back when your going forwards”
So whats the better outcome here:
1. Tier1 Bank finance / highly positive. What bank would loan anything to anyone without seeing a stable & positive return.
2. Vast pay off debt to atlas in full from recent placings & revenue from recent copper concentrate shipments / making the company revenue positive & debt free.
3. Consolidation - 1000/1 (sooner the better in my opinion) reducing liquidity & benefitting share holders - who have made it possible for either 1. Or 2. above and owning a well deserved stake in the company.
- For all shareholders who have made Vast’s progress and Baita Plai possible over the last 5 years aswell as AP and the teams work to reduce the company’s liabilities / concentrate on creating a highly profitable company / revenue producing / low cost / European mine in a stable jurisdiction - I would encourage share holders to consider the stable and multi commodity producing company they have invested in going forwards.
Some traders or short term investors may be fed up and want out.
- But to existing and private share holders who have made the company turnaround possible / there will be plenty of institutional and private investors willing to take your shares at your expense of having reduced the company’s liabilities and created a highly profitable, stable and revenue producing company.
Especially even more so with a reduction in liquidity (I hope) 1000-1 consolidation which would equate to est. 2. million shares in issue and thus. making them highly valuable for vasts holders.
(I have been here since 2016 and have never sold a single share) having added more recently. I hope all vast’s holders who are ‘looking forwards’ will start to see the positives of the company that they have invested in.
Have a great evening all, and best wishes to the vast team and share holders alike.
B3NTL3Y
same for the petrodollar then. Trust me, I lived and worked in Australia on behalf of BHP Billiton & Rio on there publications for a few years so I think I should understand a little bit about mining.
What currency’s that buko?
“ £/$ PER TONNE VALUES BASED ON TODAYS SPOT:
FIRST SAMPLE
Copper Concentrate:
35.2% Copper (Cu) at 88.2% recovery
$7215 @ 35.2% = $2539 @ 88.2% = $2239 / £1675
IMO. Sold to Mercuria at 85-90% Value. + Stockpiled Zinc/Lead “