Member Info for Castaway

The £250k of share headroom is at "nominal" share price which for VAST is .1p - so £250k at nominal is 250 mil shs .

Fantasy when will you admit you are wrong about AP and that he is a great entrepreneur and CEO - .5p, 1p, 2p?

You have tried to destroy VAST for getting on for a year now - defamed and libeled AP, accused several posters of complete fantasies - like working for VAST or SVS.

You entitled to your opinion of course - but you are looking even more pathetic than you were in January - when at least some thought you spoke sense.

If you have lots of sweeties on a plate and add better ones - which do you pick?

This is what many have failed to understand - you pick the one which will give you the largest return in the shortest time.
AP has done this - yet been criticised by most - it is not an easy job running an AIM company - let alone a basket case like VAST was before he took over - there were many problems he had to overcome and only AP could have got Marange and he brought all our other assets too.

Ye of little faith are beginning to get it and many more also.

Potentially VAST is huge and this is just the start

If you forgive my typing I was trying to say Xmas :-)

Sarah from memory we have 29% - we may have to invest a bit but Blueberry is a massive mine on an old mine site - with modern technology and gold/Cu prices it could well be worth £10's of mil to VAST - but in reality ii's a small % of what Marange or Zagra or Remin is worth - they are all individually in the $bn's

$13.5 mil finance to be announced next week - BP mining by Amas - Marange diamonds production in 6 months - looks good to me at MC of £40 mil - was same MC this time last year with no BP licence, no Marange diamonds and no funding - you decide!

Please - please - those RNS would have been insisted upon by the NOMAD to update the market as to why the funding/sign off had not taken this week,

The funding has not been specified, so let us see - however the diamond field is massively profitable - pay off of debt has been achieved in a very short time in the past - so I am not concerned about funding - as long as we can get mining ASAP.

We still have the Swiss bank finance to look forward to also for BP

Sarah, by "historic claims" I refer to the evidence of diamonds in the RBZ safe - which I presume you were referring to?

Sarah in answer to your questions IMO
1. The historic claims were priced at $5mil in 2006 as a fire sale - diamond prices have increased by at least 50% since then - so IMO $7mil is low side.
2. Price on signoff depends on the JV %, new area quality and how the market views Zim diamonds - but IMO it underestimates it.
3. Blueberry is a gold mine - it will be immense - won't be priced in till IPO though.

Fantasy - glad you showed up - 2p was based on events as specified in my original post of a year ago.

VAST is now in an even better position - if we get BP mining by Amas and serious progress on Marange, finance etc, at decent rates - 2p is possible - my prediction in Kierans charity guess was 1.85p, but who knows?

Anyway I am £300k up so far and looking to make a £mil by Xmas so not concerned if it takes a while longer - 2-3p next year is fine with me.

Exploration licence is for bulk sampling which in alluvial mining is full scale mining - that's how you JORC an alluvial diamond source - there will be work done in the past IMO - the Heritage community trust have held this back from the likes of Anjin etc. to get some cash for themselves - it will be a very good resource IMO and VAST will know that or why bother going through all this?

Well woodaldo - as I have had to mention several (nay hundreds of times) - my "predictions" were based on certain events happening and now they have - so yes 2p is possible. If certain other events happen (more Marange sites, Zagra JV, acquisition of Remin mines) then many pence is possible in a couple of years.

Where's Fantasy?

IMO the market is probably not aware of the potential of Marange - we will have to see what the final JV is but I am hopeful it will be better than expected.
Recent investors in VAST will not be aware of all the other assets and especially Romania (barring BP) - Zagra is potentially the biggest copper mine in Europe and there are the 55 Remin mines which we have first option on via MOU with RomGov.
All this will come to play when we get to a decent MC and can access serious funds to develop these projects - this is the beginning of the beginning, VAST has world class projects in 2 jurisdictions - not even started yet.

OK 100's of % down is impossible - but the highs of 27p in 2006 will probably never be seen so you get my point - the highs of 2015 will be though IMO 2.25p

I think those who are 20% down need to get a sense of perspective - many in VAST were 100's of % down.

There are some who see it and believe that the way Andrew Prelea operates will give them immense wealth and others see him as a Walter Mitty or charlatan.

Andrew is a divisive figure to his shareholders. Whatever your opinion VAST is the AP show and if you want to hold long term, you back him to deliver or you bail.

I am very positive now and have always backed Andrew 100%.

If his vision becomes reality todays s/p is a fraction of the potential - I have been lambasted by many and accused of all sorts of rubbish - but I still back my judgement on AP and IMO we will hit $2-300 mil MC fairly soon. In a few years that could be $bn's depending on how it goes in Zim and Rom - VAST is a unique company headed by a unique person - not a perfect person as that does not exist.

New investors really need to DYOR, VAST is complex, but the assets are world class in both jurisdictions.

Hippy, I think Manaila will be one of many mines VAST will hold in Romania when we get revenues and can get reasonable debt funding - we have exclusive rights to 55 Remin mines - Rom can be bigger than Zim going forward

Manaila needs the processing plant building to be seriously profitable -that hs always been the plan - no doubt VAST will have the cash when revenues start to invest the new processing plant soon - https://www.vastplc.com/operations/carlibaba-extension-project/

"In tandem with optimisation initiatives at the current operating Manaila open pit, Vast is currently advancing its strategy to establish a new, larger Manaila Metallurgical Complex (“MMC”) at Manaila or at the adjacent Carlibaba Manaila Extension, which is the site of an intended future open cast mine and new metallurgical processing facility.

Results were reported in November 2017 from 2,150m drilling programme designed to confirm Carlibaba’s suitability as a second open pit mine within the Manaila licence area. Subject to an economic assessment, the drilling results supported the development of a second open pit operation at Manaila, in addition to a new metallurgical processing facility on site, which would reduce Manaila opex costs by up to 25%. It is anticipated that this would be funded using pre-payment finance from the Company’s intended offtake partner."

Replying to Morningsun - signs off as MS

My belief is unswerving MS - for good reason - AP delivers!

Sure Sandy - the way I see it - we are about to sue ZimGov for lost licences 14 years ago - do they need this now with "Zim open for business" mantra? - No - do we want to sue them with a massive concession about to be granted? - no!

So let's call it a draw - you get the stones back and a better concession area - we get massive investment and a boost to the country PR and economy wise. Win/Win