Member Info for ben1093w1

Their sales pitch is that we are getting it for 4.5m instead of the market value of 10.5m

Can't see why this couldn't wait a few months and be paid for through cash flow from BP even if it meant a delay on financing

If people are nervous now god help them if they were holding 6 months ago.... I'm the most confident in VAST i've been since I first bought.

Just listened, quite interesting

- Shipment is bagged up just waiting for container to arrive to site and vessel to be confirmed, expecting this next week and money in bank
- Additional floats to ramp up production expected before the projected date of June next year but sticking to June as the official date
- Further scope to increase uptake to the surface, feasibility studies underway to see the best solution for this going forward
- Zimb community issues are actually resolved, just awaiting Zimb to come out of lockdown so governance can start moving again
- Zimb equates to a potential 3 to 7 million FCF for the company PER MONTH AKA the game changer for VAST if they pull it off

Not listened yet but new interview just posted

https://twitter.com/vast_resources/status/1324277823155146752

Yes payment within 24 hours once the ore is on the vessel. My question is whether that initial payment will see us through as we have no idea of the current sale cost for our shipment

Good podcast lots of decent information and calms alot of worries from the people spouting that its a 4 year mine yesterday....

What is left unanswered is to whether we will need another placing next month see us through or will the first offtake cover the running costs into the next offtake at which point as stated by AP the mine becomes profitable

Exactly, all the people saying year life span seem to have conviently passed over the below statements that say 7-8 years down to level 21 with further scope to explore and JORVC other areas using the historical data to pin point these meaning exploration costs shouldn't be as high as an explorer going in blind and hoping to hit something.

"Current drilling, historical drilling and historical geological sections indicates that the Antonio skarn is continuous beyond 18 level and to at least 20–21 level horizons. Exploiting the Antonio skarn at planned production capacity to a 21 level elevation would provide sufficient mineralisation for an approximate 7 to 8 year period and is the focus of a continuation of the incline access beyond 19 level together with a planned underground drilling programme to these levels.

Additional underground diamond drilling is planned for the Antonio North skarn, situated approximately 120 metres to the north east of the Antonio skarn. The Antonio North skarn may provide a similar quantum of mineral resource in addition to the current mineral resources declared.

Investigations of the historic mineral resources will be required to determine the infrastructure levels required to recommence activities in these areas. However, a significant portion of the Exploration Target is expected to be converted to a JORC compliant mineral resource in the coming months as these investigations are conducted and documentation becomes available as per official requests.

There is also significant upside to increase the mineral resources on adjacent skarns through the extension of development on 16 level, 17 level and 18 level northwards for approximately 650 meters to the number 2 Sub-Vertical # and underneath the Baia Rosie skarn."

I'm not saying you're wrong by any means, i've been in for around a year and have been openly critical about AP from the beginning. I was simply stating don't let the echo chamber of negativity on a board push you to sell because its a red day (red 3 years in this case). Sometimes its best to step back for abit

I agree its why most of the main posters avoid the board on days like today, it just becomes a echo chamber of negativity and trolls

Isn't the 3/4 year mine life just based on what is currently explored? As in we was blasting further levels already after samples etc had been taken

Personally wasn't expecting movement no matter how good the JORC looked, people seem to be forgetting the large placement overhang that now exists again, don't see any significant movement untill after the last trance is brought in early November, give it about a week after that and some news of first sale and we should pick back up

Any that was done any sort of research understands what is going on with zimb and the community issues the ZCDC is facing there, more so with our area than others. It doesn't help that we was led up the garden path and out the back gate by someone trying to be the leader of the community but wasnt recognised as one.

Lets be real, II aren't touching this with a barge pole untill we are FCF and share consolidation

LSE chat has been disabled most of the morning...

End of the day its a no win situation. We went through a period of time with no social media and scarce RNS updates and people complained to no end. We no have the opposite and people nit pick at it as well.

Is 10/1 PE ratio normal for a AIM mining company though?

Well i mean how else do you word it? At the end of the day, providing the DD checks come back fine, they want to have the binding term sheet by November and final approval December. Targetting and targeted are just ways of expressing both parties are aiming for same deadlines...just imo

it's almost like the 1 post andy usernames are here just sow the seed of doubt which right now it is rather easy to do. Not here to advise on anyone's position and don't really care if people are holding, selling or throwing them in the air like confetti. I just don't like people trying to mislead people into a decision that suits their agenda and not the facts. At the end of the day we are the ones that press the buy/sell buttons and we all have our opinions of AP. The BB should be used as nothing more than entertainment

How do you know that environmental consultants aren't part of the DD required by the bank for finance? /I'm sure most investment banks would like to make sure we aren't just dumping waste water into the nearby river...
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