Member Info for ben1093w1

Left it down to the wire as per norm but another milestone line crossed, lets hope he can hit the home run for a christmas special

While your estimations are admirable, rather than theorycrafting I'd rather go more with the fact that they said it was inline with what had previously been announced. If it was less they would need to announce it to the market

Depends, if it happens to land in our mine, it could be quite profitable ;)

I can't wait for the people to come back claiming the mine will freeze over during winter

With atlas stood aside and the heightened copper price, I wouldn't be surprised to see the mine break even after 2nd month. and profiting in the 3rd but that's just imo. I'll never say never as it's VAST after all but i'd like to think we are in a decent position to not have anymore raises for mine operation. Once we have some cash flowing in I expect them to have a mix of paying down debt where needed then increasing their output with additional capacity for the other metal extractions and with copper prices going as they are I wouldn't be surprised to see them up the copper output. The next year is going to define this company and bring it into a new league, lets hope they get it right.

Not forgetting diamonds potentially popping back onto the scene when Zimb finally comes out of lockdown but i'm not holding my breath

I agree with the timeline sandy and wouldnt be surprised on the update that the mine is running in profit, seems like an easy win.

I also didn't mind the IG interview, PI's getting peeved that AP wants II involved need to realise they are small fish in a big bond. II buying power can push the SP closer to its true value compared to large PI buys which is what he was getting at.

Weird you'd wait till the day before to sell seen as you are already out apparently...

FordLane26

Posted in: VAST

Posts: 31

Price: 0.175

No Opinion

Well done26 Nov 2020 08:04
Great news after years of waiting. Great moment.
But the share price doesn’t move. Unbelievable.
Quite frankly what an anticlimax.
Everyone I presume if they are honest is thinking the same.
Companies can jump on news they have bought a truck.
Vast prudence hundreds of thousands of concentrate ?? and nothing.
I wish you all well. I’m out.

between 600-700k is also the number i came to based on a conservative estimate of the Merc % cut

Buko ofc its price sensitive for both parties involved, but given that we have released the figures in a previous RNS with the next 2 years estimated earnings and todays RNS states that it was completed in line with that then its not hard to deduce a somewhat accurate estimation of how much they got paid for the shipment.

I only caught the last 3-4 mins of it and then went to replay it for the beginning and it was gone.
Heres what I heard;

-Will only report on sales if they miss targets as that would need to be announced otherwise it will be covered in quartley/half year updates
-Can't release the value/amount of offtake as this is commercially sensitive for the offtaker
-Still work going on by both VAST and the banking institution and both sides positive that they will meet the previously announced target milestones

was on stockbox media but looks like they have removed it for some reason

"can't release the weight of the offtake as it is commercially sensitive for the offtaker"

Live interview here https://twitter.com/StockBoxMedia/status/1331968738527117314

Most recent RNS stated 350-400T for first delivery, given the wording of todays RNS i expect it to be within those numbers

Its almost if the "inline with expectations" refers to the previously RNS'd sale information.....stop needing to be spoonfed information

Was about to say the same, I probably expect to see an interview this week or next which should hopefully hash out a few of the details

What makes you think 2nd delivery will be delayed? The mine didn't just stop while we awaited collection of the first shipment, I wouldn't be surprised to see 2nd shipment go out the door by mid December but that just IMO.

The sale was effectively priced due to it being announced a while back, not to mention the obvious churn of placing shares going on. The SP will move when it wants to, the market is generally quite irrational and breakouts seemingly happen for no reason at all. What this does is concrete the current SP and providing no terrible news I expect this to be the new bottom

More proof that Ford was just a day trader looking for a quick buck under the guise of a LTH? Company just made their first sale from a mine they have been working to get producing for the last year and you sell because the SP didn't move? YIKES

Binding sheet expected this week or next, confirmation of 2nd sale, finance deal concluded at some point in Dec. Off we go

Port is 1 day drive from the mine

Agree looks good, sealed means inspector was happy enough to sign the docs