Member Info for barry7376

My only suggestion for the continued price drop since consolidation at 9p is that one or both Roy Tucker or Andrew Prelea have been selling their holding before the 12 month lockin deadline of Nov 23rd, VAST bought last part of BP 20% from AP Mining (AP & Roy Tucker) at 0.0017p (17p) but officially the RNS stated they would be locked in for 1 year. Many dodgy directors dont adhere to the lock-up period, so I am assuming Roy who is in his 80s and wants to retire has been selling up. Even though they received shares at 17p, selling from 9p-5p still gives him a nice chunk of money circa £1.3m. Just my thoughts. RNS 23 Nov 2020 below...
https://www.investegate.co.uk/vast-resources-plc--vast-/gnw/result-of-general-meeting-and-acquisition-of-remaining-20--in-baita-plai-polymetallic-mine/20201123164007H0844/

Not sure basing previous well results is a surety of the new well results, hoping its much more! But its a benchmark at least.

Yes need volume/herd to come back, obviously missing the Baron factor and the billionaire takeover from few years back that excelled the sp to 63p. I've tried on twitter to ramp ENW and recently on JKX BB to sway people to ENW but there are a few on twitter with big followings (sharemoney and slowie) that stick with JKX and dont punt on ENW purely because of the high capex. Sharemoney was in ENW but lost his bottle and sold out in mid 20s. And their followers are literally sheep. Very sad really, especially seeing sp movement in JKX last couple of days 56p to 45p and ENW bouncing back nicely from 36p to 43p. I did warn the JKX sheep that there's obvious flipping and last RNS had a muted market response even though cash build was very good, I noticed some big sells and I got suspicious, sp bounced following day was a clear bull trap and fast/hard sell off and sp fell back today to 45p.

I'm hoping that with a tiny free float it will accelerate the sp on very good news.

OfficerFigby - I know you dont know, was asking for personal target price (from Kroc & Oldholder) who are clued up on this company. Also all that jam from the Annual report is just usual stuff all companies stick in their annual reports.

Arden Partners has recently released an updated research note with 70p target price. (I wish!)

its the blind leading the blind on here.... ffs read more than 3 RNS and read the last set of Annual Financial Accounts! Dont be one of the herd!

What target price do you guys see as realistic? Considering spot gas prices at ATH, Co producing 5100 boepd and hopefully increasing, previous sp ATH 62p at much lower spot prices, do you think we are still undervalued at 45p? Frustrating there will be no (special) dividends or share buy back, I dont know why they've decided against this, similar to JKX no divis or buybacks.

SP up and down like a *****'s knickers... 56p two trading days ago down -7p / -15%, can see 47p -45p coming before the 10-15% punters turn up again for a quick feel again. LOL.

Kroc - re JKX & YGE makes no difference now, as they're selling off Russian assets.

How do you know from ENW drilling we wont hit larger numbers than 1-1.5k boepd? SC is a new field and why not more from development wells.

Are you finished investing in JKX? if so why have you gone off it and stayed with ENW? Just interested in your thoughts.

Riddle - you couldnt be further from the truth. I've been in and out of JKX and ENW for past 3.5 years, got in low and also got spiked and had to wait but averaged down at 16p-20p, and made plenty of profits on the way up. Dont worry about me mate, I'm doing fine! But yes there is a lot of negative comments on LSE BB. What I've said is all fact, its a shame no one does any proper research into the shareholders - Eclairs. I like JKX but there are negatives to this company that arent aired on this forum or twitter. Why is JKX down -3% today and ENW up 6%? same juristriction and both gas co's.

Tom - why dont you google "Kolomoisky Privat Bank". You really think Ukraine govt will pay JKX the £12m its claiming in the courts thats been on-going for years!!! ENW 'suspended oil field' is just political, they are and have been producing from it since the unfounded allegation. Last results werent underwhelming as the free cash went into the drilling, yes high cap ex because they have 4 wells being worked on. You cant get gas out the ground without drilling! JKX has declining fields hence reason to off load Russian wells that brings in little cash as prices are fixed. They'll be spending big bucks on capex soon enough! I've been in both jkx and enw. ENW doesnt get traded as much as JKX with 10% flippers.

$12million

Nice to see we're back in the 40p's. I prefer this to JKX personally. No one on JKX talk about risk with Eclairs biggest shareholder with its billionaire owner Kolomoisky owing $2bn fromPrivat Bank fiasco to Ukrain govt and dont see why govt will pay JKX the $12 it is is chasing through the courts.

Hopefully the latest drilling will double our output from 5k tp 10k boepd by H2 2022.

I've lost confidence in this one, I see loads of tweets and messages aboout how great cash build is, and it is good but there are too many traders out there looking for a quick 10-15%. Price goes from 46-50p sells off, then 54p sells off back to 49/50p.
No one mentioning the biggerst holders Eclairs with 28% holding because no one does any research. The main guy owes Ukrainian govt $2bn over corrupt Privat bank. No way will Ukrainian govt give JKX the £12m its is in a legal battle for.

Personally feel ENW Enwell which is Ukrainian has 100% exposure to rising gas prices (unlike JKX only has 40%) is a better gas company also has $65m in bank, no debt, no legal cases.

If RNS was so great and certain parts were, why were there so many large sells? And overall MORE sells than buys? 680k v 800k, think those with big money know better or something has spooked them.

I agree update in October and could well be end of month, expect good numbers purely because its the first time they've been producing concentrate and selling it to the offtaker/market and generating cash, just hope the output numbers are decent. I can see a massive rerate in share price leading into mid-November and 15p-17p feasible by end of November/December. We all need to ramp this on twitter when the RNS lands and sp will rise if we get the herd on board like 2 years ago when diamonds were hot topic and sp went from 0.1 to 0.5 in matter of days.

Does anyone know whether the shares held by SVS securities (ex broker) and its clients have been released or sold back on the market. Its been a long while and I lost touch with the news. I know couple of vast known holders had accounts with SVS - Lee Morris and I think Chris Ringham.

Max - rubbish placing at 3p (no price was mentioned by TW). Normally there is a 30% reduction to current sp, so if we take 6.5p then; - 1.8p = 4.7p approx and most of the time its 10-15% discount to sp so could be 5.5p unless we spike first to 8p and place at 6.5p. I'm sure AP has jam news lined up so expect some sort of sp spike short term. Yes AP said no need to placing/raise for BP but he didnt say a raise for working capital which is not directly related to BP but general operations.

Sandy - i agree with you. I try to be positive and frank about the company and put out a positive post a couple of weeks ago, got no reaction at all. I dont write much here as I dont see much point, like you say there is no decent debate, just pi's constantly bashing the company mainly, and pointless quick messages that drop down any good conversations. I know where I stand with the company and my own position holding shares, yes theres risk (as in every company) but feel reward could be good if they get it right this time. Need to see some good numbers coming out from the sales of concentrate. I generally trade this company as holding long term has taught me its too painful, and I have done well trading it over the past years.

We all know the history of Vast and AP, RT, BM not being able to run a company, BUT it is clear (to me) that they now want to create value out of this company so they can make money on their shares which was bought at 0.17p/17p. Yes they've taken the **** with awarding themselves free shares (SARS) whilst still taking fat salaries whilst the sp falls...but we cant do much about it. Dont see how we could get any majority votes at an AGM when they are holding the majority. IMO its all about joining them at their own game. We know their entry price and even exit price to some extent, so why not play the same game, I've bought sub 8p and will be selling at 17p thats 100% from here, we all know the sp can rise on 'nothing' so I dont see much risk at these levels - yes a placing could happen but the sp will drop short term by 1-2p and then quickly recover. The manag't didnt want to mention about production numbers in todays RNS because it was not relevant to the RNS and they want to 'save it' and really milk the news when it lands to launch the sp back into the teens or higher. Then the herd will arrive again like it did on the diamond news that never materialised. I'm not holding long-term unless the production numbers look really good, if they get their act together and actually manage to monetarise BP then there's more jam with other Romainian assets and sp can genuinely go to 50p+ in 2022/2023. I dont see any point with the continuous *****ing on this BB, it only puts off any newbie investors. Yes many s/h are down on their position but there is light at the end of the tunnel. Now is the time to load up - just like the directors today, unfortunately we have to pay for our shares but thats investing in sh*tty aim companies for you! GL.

Forget the diamonds. Was never truly on the table IMO, but if it was then they got messed about by the Zim govt and used it to jam/BS the shareholders for placings. Dont get your hopes up, I dont expect anything diamond related until we see the first monetary sale of diamonds even if we sign JV. Meanwhile its all about Romania - they have several mines there so it really is all to play for now.

Sandy - Me too, went to the AGM/EGM 2017. We both agree with each other re Roy & AP & Brian, but unfortunately we are stuck with them (and I dont have the energy like Lee Morris did to oust the incumbent CEO, although he was rewarded by AP after gaining enough votes to get him in as CEO and then to ramp the company sp, he was on the VAST payroll - I know this as a FACT!)
You gave AP 3 years but you too had the opportunity to get out when the sp went from 0.11 to 0.53 (sept 2019) 400% rise that you're waiting again for now but I feel you missed out then, I know its still a long rocky road ahead but if you dont avg down at these levels (or lower) you'll still be a VAST shareholder talking on the LSE asylum in 3 years time. I agree with you, VAST has massive potential if it gets it right. With the other Romanian mines and Blueberry IPO I genuinely think the sp will be significantly much higher in 2023 (2p), but that is caveated with the usual ifs & buts etc. GL Sandy.