Member Info for Castaway

I agree totally - no one is happy with this s/p but nothing has changed - bargain at this s/p with current assets

This BB has descended into lunacy - a question to those who suggest this hypothesis - who can acquire or get the agreement of 75% of VAST shareholders to achieve this?

The only shareholder with over 3% is Mr Bud and he has 4.46% according to the VAST website.

It was not my intention to post the values in Fool's post on here - however they are to the best of my knowledge and research correct.

to call it "bullshit" or "bollocks" - apart from being aggressive and rude shows a complete lack of any interest in actually finding out the values or giving any reasonable argument as to why they are not correct.

If you look at FTB and that other idiot Fantasy's response you can see why I don't post on here anymore GLA

I recall that pepco, in fact I remember Mark Mabhudhu won compensation from ZCDC for his dismissal and subsequent treatment ($1 million from memory) - all appointments to any VAST subsidiary have to be approved by the nomad BTW.
His dismissal was purely political in the bad old days when Bob ran Zim.

From my research at the time of his appointment I was highly impressed - he is in effect one of very few Zim diamond mining experts - thats why ZCDC are now looking like a JV/royalty vehicle for the ZimGov as their ability to mine is non existent since Mark's and other mining experts dismissal.

Have a good weekend all.

Dodge you seem so bitter - you are putting yourself in a corner by inferring the company is lying about it's assets, funding and pretty much everything else.

I believe what the company announces as they have experts:- accountants, geologists etc., with decades of experience on the BoD (in fact the old joke was just that they were all too old) - not only that but all output is checked to the nth degree by our (rightly) highly officious nomad.

What you believe or not is up to you but what you are implying is ridiculous - BP was running until 2013 - we have been told there is 2 years worth of ore prepared so to say it will not be profitable (without any evidence) is just scaremongering.

Manaila is another subject which you fail to understand (or choose not too!) - it was always going to be marginal until the Carlibaba plant was built and nothing was said other than this - it was to show VAST could get a licence to mine and given the right investment it will be a decently profitable mine. Remember all those that said we would never get the BP licence?

AP has delivered on everything he set out to - IMO he will deliver the finance required for BP, Manaila and the diamonds.

You knew the strategy of VAST before you bought in (if you researched the company) - so why all the bitterness due to a low s/p (presumably) - this is an AIM share and on good news we will be back up more than we are down - so just relax and wait or sell - but all this bitterness will surely not be doing you any good?

Hi Joe - you back in?

Fantasy I think you are misinterpreting ramping as factual information - what facts have you ever come up with? - explain to me why Zagra is not as stated in the RNS - where do you get this info? where is your research - you have not offered anything to this BB apart from derision and negativity - why do you do this - you must enjoy it presumably?
Anyway I appreciate your time - it gives those with a little more knowledge a chance to show how great a company VAST can be.

I have as much of the company now as I did in 2015 when the s/p was 2.25p and I am very happy with my investment so GL to you and I hope you get some peace from your obsessive hatred of VAST/AP/most contributers to the BB.

It must be tiring trying to reduce the value of your investment every night! (presuming you actually do have one here?) anyway whatever floats your boat!

VAST is as great investment now, was at .6p and will be at 2p in the future.

Honestly you couldn't make you up - thanks for all the laughs and have a good weekend :-)

As far as I am aware V111 (I have asked Andrew Prelea about this) Zagra was explored and assessed under the old Russian/Romanian system of estimation - he said it was more robust than JORC, they actually built mine shafts to sample the ore at depth rather than drill it (it's the same with Manaila) - all we have to do is bring the old system into complince with JORC - this involves relatively few infill drills as JORC demands evidence of the cores and whilst we presumably have the data the cores are lost so they have to be re-drilled.
I believe this cuts the cost of the JORC estimate by a serious amount.

I am not sure what you are referring to when you state the RomGov give mines away - I think Zagra was a low cost acquisition but then it is a new site with no infrastructure and I presume at the time of acquisition there was no interest in mining in Rom - the industry is all but decimated following Romania's membership of the EU, so they had no money to develop it and no one else was interested apart from Andrew - thats the thing he has the ability to be in the right place and know the right people at the right time - Marange for instance - anyway I digress!

So from my research I feel the eventual JORC estimate will be world class - there is no reason to doubt the old Russian sytem of evaluating ore in place as there was no competition being a communist system just the facts.

From memory I belive AP has 5% of the value of the asset but as he got us the licence for potentially the largest copper mine in Europe for practically nothing and wasn't employed by VAST Resources PLC at the time, IMO we got a great deal.

I am of the opinion Zagra is the real deal and cannot understand why you doubt an asset that has been estimated to a very high degree by a robust system of which we have all the details - checked and approved by our highly qualified geologist Crag Harvey and passed through our nomad for scrutiny.

Anyway up to you what you believe - IMO it will end up in the worlds top ten copper mines around 8th or 9th DYOR

Yes and all caveated and I stand by all my posts as I hope you will when we start moving up and you start saying how great AP is :-) - 2p soon if we get diamonds mining for sure IMO.

No chance of that Angus he has the overwhelming support of the shareholders.

Best CEO on AIM!

Heres the link for you http://aus.amegroup.com/Website/FeatureArticleDetail.aspx?faId=437

Angus if you had actually done a small amount of reserch you would realise our grades of .4% to .8% is now considered a good average - a mine with average grades of .47% was opened in 2017 much lower that ours of .6%

https://www.vastplc.com/operations/magura-neagra-polymetallic-licence/

"up to 3,000Mt of ore to a depth of 600m, at grades ranging from 0.4% copper (“Cu”) and 0.3g/t gold (“Au”) up to 0.8% Cu and 0.5g/t Au. The exploration team surmised that at a 10% conversion ratio from exploration target to a mineral reserve, the reserves may total 300Mt of ore and place it above the current operations of Cuprumin at Rosia Poieni."

Bigger than this https://en.wikipedia.org/wiki/Ro%C8%99ia_Poieni_copper_mine - the second largest copper min in Eurpoe!

Delivered by AP for practically nothing and being JORC estimated for no cost to VAST on an earn in basis

Don't be so ridiculous Roadend - so most of the shareholders are not thinking logically is what you infer!

So which categeory of yours do you fall in?

The brainwashed or stupid?

lot

I'm buying tomorrow then Tom, seems a lt are!

Well I doubt many have made money on VAST in the last 6 moths unless shorting and I have lost plenty - but that's share investing for you (it can go up as well as down!). However just cos I am currently at a loss does not make me have a psychotic hatred of the company it's CEO or any othe poster who happens to remain positive.

I am one of those investors who blames themselves when at a loss not, it's called taking responsibility!

Anyway the current klow s/p is temporary and a great opportunity IMO GLA

AFAIK:
answers to your assumptions as posed!

Vast board knew.
They knew Manaila wasn't paying.- yes and they told us it was marginal - always was a way to prove the conceept of VAS acquiring a licence to mine in Rom - they always said it needed Carlibaba processing plant to make it profitable - that was what Merc B was fo.

They knew BP required x amount of cash to return to production. - it was stated at various times the amount required - but until the mining licence was acquired this would always be changing as the initial 10ktpm was doubled in a leter plan to 20ktpm - so course the costs changed!

They knew PP wasn't hitting the sulphides. - PP hit the sulphides when it hit them - they are unedr the oxides - VAST management does not run PP it is run by Zim guys - why not ask them WTF does it matter in any case we just sold it!

Your making mischeif out of nothing Dodge and I cannot be bothered answering any more of your ridiculous accusations.

The underlying issue of Merc pulling out must have been known/ VAST in default/ blah blah - do you know this Dodge? - no your just making it up!

AP is without doubt one of the best CEO of a juniour mining company on AIM - all AIM co's have a volatile s/p and VAST is no different - ironically he gave us the rise from the lows of 2016 to last years highs which were hit by a poor market and Merc backing out both beyond his control!.

You have your opinion Dodge - but mine is absolutely positive about the way Andrew has lead this company forward and I will go on supporting him until he succedes in creating a monster main market mining company in a few years time.