Member Info for ben1093w1

Lets be realThe stock price is at the current level not because people don't know BP is producing, it is due to the lack of transparency in regards to the T1 financing, Zimb and the ever impending potential Atlas conversion

The market clearly felt embarrassed they needed to RNS a social media post

The alternate is that positive news comes and lifts the SP high enough for the 2p warrants to be exercised and we avoid placing but that may be wishful thinking

Goes against everything that they have currently said about financing, with current gold prices i imagine it shouldn't be too much of struggle to get debt based finance sorted

Who was it this morning that said 10p today? Clueless

Yeah exactly, I think this is becoming more of a time a bottom and get a couple of bags and out the door kind of share

I mean even with some short term hurt of a placing the MCAP is still laughably cheap and it gets cheaper by the day. Think I'll be averaging down from my 1.8 entry come end of the month

Casajaluma/bubbled

I don't want to miss speak so Sandy may be the better person to ask as they are abit more clued up on the finer details of Atlas.

From my understanding Atlas can choose to elect at any time as 12 months has passed from the drawdown date however i'm unsure how it would work as the SP is way below the nominated 0.24p per share value. Previously for the interest payments VAST have placed to cover the costs of these. If Atlas decided to elect early for the full remaining amount I'm not sure if VAST would have any choice but to place to cover the remaining $6m outstanding? Also not sure where that would leave them in terms of drawing down future tranches should they actually hit any of the required milestones required for them.

RNS dated 24 October 2019 for Atlas Details

Not sure if you can clarify if I have that correct Sandy?

For transparency I don't hold VAST anymore and probably never will with AP at the helm.

In my opinion the only reason the SP rose on the update yesterday was due to the statement of no placing for the foreseeable when it comes to BP. The rest of the news was stuff that the market was expecting and should have been implemented the best part of 6 months ago when production started to get into a swing. Also worth noting despite that update it will still be a number of months till the mine is turning a profit as per the plan they released.

I believe the consolidation is ill timed and doesn't need to happen until the mine is profitable, all the long term holders see it as them reseting the book ready for placing again.

We have no further information on Zimb, no update on the T1 bank finance facility and most importantly how they plan to address the situation with Atlas and them potentially converting. I wouldn't be surprised if the consolidation is in preparation for Atlas converting so they can shift them easier.

We have 3-4 lots of placings that have happened between the current SP and .20. That's a lot of shares that will most likely flipped as soon as they're in profit. So it will be a long road to any SP rise however consolidation may help with this if the share can maintain decent daily volume.

It is not the first or even second time AP has come out saying no more placings to then proceed and place a month later.

VAST is smoke and mirrors and so many unanswered questions in its long past.

Has AP reached a turning point? No.
Has VAST reached a turning point? Maybe.

Next few months and how they handle Atlas is key to how the company and the share price respectively do.

I mean lets be real, if you have 100k in this dog of a share you'd be desperate to ramp it up too

Terrible take.

Most people that are under water have been for months or years. To imply the best move would to be throw money at this while it was hitting all time lows with absolute mess this share has become is a pure gamble. Consider any long term holders would have had to throw massive amounts in to even get close to breaking even on the next rise (if there is one) Even with the news today I'm not sure the immediate risk/reward makes sense to be throwing money in here untill a number of fundamental issues with the company are resolved.

Also my opinion SS, conveniently timed to try bring shareholders back on board before pushing through the unpopular consolidation proposal

The issue is the T1 bank refusal is still to this day somewhat shrouded in mystery, all we heard is that they weren't happy to proceed with the current company structure however we wasn't given any details to what parts they didn't like and if VAST would be taking any actions to correct it.

Delusional if you think this hits 0.20 today. I would advise everyone to take a look who is ramping this, you'll find by simply checking a few users such as MasksNewNorm that they have suddenly started posting today in line with the sudden rise and they know very little about the actual state of the company.

We had a similar pump and dump less than a month ago

i mean in reality any news that can even drive us back up to the year high is a bagger from this point, not much comfort in the guys that bought in at around 3p though

Stupidly low MCAP now, any sniff of positive news should see this move substantially. Untill then we will just drift downwards

While I get what you are saying that a 1p share price attracts more low level buyers compared to higher price per share attracting II's etc. The SP is relative to MCAP if the company was worth 10p a share on a 1/10 split then in reality you think its worth £1 on a 1/100 split

Depends how long the optimization study takes i guess

Many are sitting on the side lines, boom or placing, like flipping a coin at this point

The issue is, the SP looks like it is moving more than it is because of the baffling small trades either side. People buying/selling less than £10 worth??