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400k
NO NO
i also feel.....ADAM and co...will have to BUY in open market to make up the numbers....other-wise it will look silly on their part....
Could get very very interesting....if they started to BUY in open market....and or...another BIDDER showed their hand
They need SHAREHOLDERS approval ...to get the sale done with BAAJ...which is HIGHLY unlikely....
READ article below...from yesterday
https://ww.fashionnetwork.com/news/In-the-style-in-giovanna-fletcher-collab,1495887.html
From this article it seems they think SALE is done and dusted...without shareholders approval....hence i voted NO....need it to stop going ahead....they have to make better offer....HOPING for other BIDDERS to come in
After EVERY BUY...REAL ASK is creeping up...
From 1.39 BUY to 1.395 BUY to 1.4307 to 1.445 to 1.489
Looks like....MM's are short....if they are not FED more shares .....this could ROCKET!!!....
Need bit of BUYING MOMENTUM/VOLUMES
I was in a share many years ago...."RAY" they announced they will be going in administration....after announcement ...BIDDER showed up.....then came COUNTER BID.....basically BIDDING WAR started....from around 1p-2p...mark.....SHARE was OVERTAKEN at 13p....
In this game anything is possible...
£50MILLION odd revenues can-not be ignored in here....you just need better MANAGEMENT not incompetent one..the ones which just want to line their own pockets up...
This extract from rns says......what they think might or might not happen if VOTE is no.....when i read it seems to me...they dont have a clue themselves....
"Importance of the vote
Shareholders should be aware that if the Sale Resolution is not approved by Shareholders at the General Meeting, the Sale would not proceed as currently envisaged and, as such, the anticipated net proceeds of the Sale would not become available to the Group. Accordingly, in light of the Group's reducing cash position and the challenging trading environment, it would be likely that in due course the Company and ITSFL would not be able to meet their respective financial obligations as they fall due and there would be no alternative other than for the Company and ITSFL to enter into administration or some other form of insolvency procedure under which the prospects for recovery of value, if any, by Shareholders would be uncertain.
"THEY ARE UNCERTAIN as to what shareholders might get back"....at same time....they say "LIKELY to go to ADMINISTRATION"...not "WILL"...
in either case....what matters...is ADAM should not be able to get away with RINISING shareholders .... if he thought he could get away with it lightly....then he has to think again
i have just casted my vote....its a BIG NO!!!
Risk is at worst u get PAID 1p back ( £500K )...and CASH SHELL is a possibility also...with ADAM fholding 23%....newly listed company could be worth 10 of £millions...remember last one ipo'ed at £105M...ADAM will always put himself at forefront..he wants to make DOSH like anyone else...so i feel..newly formed company ( if it happens ) will be multiples of current m/c...problem is folks like ADAM dont give a toss about anyone but themselves .... he is and always will be in a WIN WIN situation ....
24th is a crucial date imo....many will be VOTING NO....my gut instinct says....NO will take it....as NO only needs 25% of total votes...for YES to come on top....they ( ADAMS and co ) will need to BUY more on open market...
Them buying in open market alongside POTENTIAL further bid...could send this SKY ROCKETING ...these type of shares....tend to be very very VOLATILE in both directions up and down....from what i have seen in the past to similar situations...this could and i believe will easily do 50%-200% or even more from current levels..in next few sessions....if and when speculations/rumours etc...start to circulate...and VOLUMES is seen....this could go mental...
Risk is low...as i feel u get something back i.e 1p worth/cash shell unilke in most cases u get nothing back...but still risk is there...
I have taken a punt...just a punt for a quick TRADE..will most likely...sell well before 24th....if vote....my vote would be NO!!!!
ASI as you have just began chasing SYN when it has already risen be some 15%...likewise MANY will pile in here on RNS....only difference being....we will be trading at MUCH HIGHER then 15%+ rise...imo it will be hard to BUY anything under 0.80p....possibly even 0.90p....wouldnt be surprised if we opened at 1p+...
Remember sng....that was trading at 30p...had transformational rns....07:59 price was approx 30p...08.00 mm's open at £1...that was like 200%+ GAP UP on open.....
Beware of mm's they will PLAY games...many will get caught out trading....some will make monies by building on their holdings....many i believe will lose out...some could end up paying 50%+ PREMIUM to get in.....many are waiting on sidelines....not all will be able to get decent price or DECENT AMOUNTS at right price.....my call AUCTIONS after AUCTIONS will be the norm
Noba ...many who have sold...for mere 10%-20% (day traders)....will be piling back in on "DIAMONDS HANDED OVER" rns...
Only thing is they will end up paying MASSIVE PREMIUMS to what they sold them for...
"I can't BUY" " I can't BUY" .."its in AUCTION,damn me"....LOL...
Risk is too HIGH for folks to be playing for 5% here 10% there....
With bit of PATIENTS....REWARDS could be many MULTIPLES from around these prices...
KEY is get in ahead of the HERD
HAPPY DAYS
Now that we have turned...and by what it looks like OVERHANG cleared....we could possibly....test 1p again.....with or without rns...
KEY will be VOLUMES ....to day was a nice tick up in VOLUMES....we could easily see BILLION+ or even 2BILLION+ being traded..on GOOD +ve RNS....Momentum/Sentiment shifting for the better...ahead of expectation of DIAMONDS handed over rns...
HAPPY DAYS
#VAST Some r making 5%-10% & r happy with it..good luck2them..profit is profit
Others have made 100%-500% from the lows of 0.15p really HAPPY 4 them..that is SOME PROFIT
Imo there is long way2go..right now..m/c is approx £15m..i am expecting it 2b £100m-£200m in 2023-2024
Many r forgetting #vast is not 1 trick pony
Rns's 2 come in near future
1 Diamonds handed over
2 Diamonds value announced (£5m-£20m)
3 Diamonds sold
4 Diamonds Licence approved
5 BP(copper) in Profit..money rolling in??????
6 Blueberry Project(gold) exploration licence given
7 Royalties paid from Tajikistan
HAPPY DAYS
from red to BLUE
to hopefully double digit BLUE
Next wk will b INTERESTING with or with out £multimillion PARCEL being handed over...my guess WITH
i wouldnt want to be out of #vast over the wkend thats for sure
HAPPY DAYS
CRAZY amounts being traded...in vast compared to tiny amounts be4 hand.....in a week and half....
8 BILLION shares have exchanged hand....in terms of money i would say....we have CROSSED £50M easily....
Can see More of the same....in coming day/wks/mths...
TIDE has turned imo
The BIGGEST reason why vast is undervalued is because of debt/past/AP etc...
DEBT which have been on books for many shares...will paid off...fairly soon....H1 2023...
past is past.. vast has had major issues....from placing after placing to....failure after failure ...NOW ...after this last placing of £2.3m and CASH (£multimillion) placings should subside..not needed us..we will have plenty cash....BP wont be BURNING cashing resources any-longer as it will go CASH POSITIVE within wks/mths.......BP is on the CUSP.......as our some of pther projects....I LIKE the sound of GOLD PROJECT...BLUEBERRY....possibly being given GO AHEAD for exploration...with funds at hand....that could kick start...within next 6-12mths....
Well AP is AP.....he has 31MILLION shares at an ave of 18p/19p.....he has just spent another £82k...when he could have got same number of shares for around....£20k-£30k.......its obvious.....after this court ruling...he knows......there are funds....to move other projects forward....
ASSETS are there.....CONFIDENCE will return....
GL
HOUR and BIT left.....for those that want IN.....JUST incase there is an RNS tomorrow morning....
Wouldn't want to be out of this overnight...thats for sure....
When that rns lands..."DIAMONDS HANDED OVER"...many will be saying...."DAMN"...we thought after all them years them DIAMONDS didn't even exist..."damn us" now we have to pay hefty PREMIUMS.......to that i will say...
"WELL DESERVED"
LoL
in this game u dont get 2nd INVITATIONS...
either u are IN or not...
GL in either case
Does not lie with whats in the BAG/PARCEL...albeit it could be valued at HIGHER than current m/c (£15m) give or take couple of £MILLION
My take is....TRUE value is in getting DIAMOND licence / J/V back up and running....where forget 130,000 CARATS..we are looking at 10 of MILLIONS carats....
Put DIAMONDS on the side....most have invested in VAST not because of DIAMONDS but....for PRODUCTION which is increasing at BP ( copper ) Q1 RAMP UP figures at BP will surprise lots of ppl i feel....thats were REAL VALUATION lies...short-term....
Many forget to see VAST is already GENERATING revenues at BP....we will BREAKEVEN and be in PROFIT in H1 2023...
Lets what happened in the past keep/ remain in past....LOOK at the FUTURE....it seems 2023...will INDEED be vasts year.....the YEAR which put it on the MAP....
NO looking back now guys....
PILE IN at your own risk if you believe ....as has AP at 0.55p ( £82k)......his AVE now stands at 18p/19p....long way for him to breakeven.....BREAKEVEN i am sure he will one day....and when he does....those who are BUYING right now...and keep hold of these DIAMOND TICKETS will have the final laugh.....30 BAGS is no small FEAT.....for lets say...2/3 years.....
If on other hand for those who think there is no VALUE in vast.....then may i suggest....there are plenty other fishes out-there...especially on FTSE100 which might be less risky but equally less rewarding.....another way to avoid risk and make few pennies.....for those interested.....put your monies...in a BANK....you might be aware...interest rates have shot up to 4%....you can make a bob or two if your monies in a BANK....
GOOD LUCK