Member Info for Castaway

He bought at 24p but his average is much lower?

Who knows and it matters not - the deal matters though, if it goes ahead - when he decides to sell is up to him but the NPV will decide the s/p eventually

Also we know Virgin want a UK feeder airline for their intercontinental fleet (hence the foray that was Virgin Little Red) which failed due to lack of routes.

Virgin get with Flybe the whole biggest local airline package and what did they spend/lose on Little Red? I bet more than £100 mil

What attracted me to Flybe was the s/p at 10p a week ago.

I looked at the reason for the drop. OK profits down debt up but,,, the main reason was that II's sold IMO.

When II's bail they just do it without a care to the s/p, it's a corporate decision their broker is instructed and they sell relentlessly.

In my experience this usually results in an S/P drop way below the true MC of the company.

What the value is to any potential buyer is unknown, however IMO the MC is worth more than the current £40 mil.

Something like $100 mil.

This company is not going bust any time soon IMO, it's not a liquidation sale as many seem to think and a tie up with Virgin would be beneficial to both.

Look Woodaldo - if it was such a dog why would we be borrowing money to build the new processing plant and extending the mine to a new open pit area?

I beg to differ GF - Manaila is not a "dog" - it will be a reasonably profitable copper mine in a couple of years and is cash flow positive now by all accounts. We are building a footprint in Rom - Manaila was the first productive step.

I was a bit shocked about AP saying Manaila will never be a big profit earner, I think he meant until the processing plant at Carlibaba was built and new trucks arrive, IMO he was talking historically - they bought it and got licenced as no one believed after BP VAST could get a licence, it was a loss making mine.

Since we acquired the 100% of manaila the area of the licence has been expanded 20 times, a new open pit has been targeted and the resource estimate is for a mine life of 20 years+, this together with VAST technical expertise has made it cash flow positive.

The point is would a company like Mercuria, (the largest private commodity broker on the planet) lend VAST cash on Manaila if it was not going to be profitable? - I sincerely doubt it!

I have been watching too Jarv and agree

I use Flybe many times a year and I am pleased Virgin are potentially making an offer, the regions of the UK need a Flybe - I am flying with them in a couple of weeks and am very positive about the future.

Looks like Aberforth are probably out they had 2mil shs left yesterday.

Decent volume again today so maybe they have finished.

This added to the Virgin news looks good for a recovery IMO.

Perfect timing!

Potentially Zagra £3bn+ but no serious estimate of ore deposit has been published - so I based the valuation on this - point is VAST could be 5-10p in a couple of years. Without Marange.

This is completely stupid.

BPPM - we have licence to mine must be worth £30 mil, when mining more

PP/Eureka/Giant etc. - £20 mil at least

Zagra - £5mil

Blueberry - £2mil

Marange - £0 now when mining $100 mil to $1bn

Add in potential of Remin, further acquisitions in Zim/Rom £10 mil?

So we should be at £60 mil+

or 1p+

When we get Marange mining £150 mil or 2.6p

The market is shit but that does not mean anything when value is added and you are prepared to wait - either way the market will improve at some point.

AP won't sell his options/shs until we are worth several 100 mil minimum - his stated objective is a $1bn company in 4.5 years

Fantasy I think Zagra has nil value.

If we were an AIM listed company with just Zagra as an asset we would be worth £5-10 mil

I think most of us can understand the motivation of posters on a BB - sometimes others disagree and that's fine, you have raised valid points, please don't stop posting , due to some misunderstanding.

People get jumpy when the s/p is low many get blamed for no reason ;-)

sandcrab - I think you have slightly overreacted, IMO Teacup is raising valid points.

PS the "Are you a woman, Teacup?" is extremely sexist and derogatory to us girls!

I agree Adam - it's maybe worse than 2008 right now on AIM

Teacup I believe AP thinks the s/p should be much higher - as you say he bought shs at .6p in a recent placing so that backs it up.

The drop in VAST s/p is in line with the general drop in AIM recently due to Brexit/Trump etc.

I don't think anything has changed with progress - Rom is still slow hence the wait for Mercuria, I am confident it will come so we just have to wait a bit longer.

Diamonds look good, again just waiting for ZimGov to announce diamond policy.

On AP being "in it for the money" - well he obviously wants to make money but IMO he is driven by success in business and he really cares about his reputation. He seems to be fairly wealthy already so it's not the money IMO.

IMO we have to look at the history of VAST AP has brought us BP/Manaila/Zagra/Blueberry, most of which was when he was not even an employee of VAST resources, he is now CEO and a BoD director, so he obviously wants VAST to succeed and I believe whatever the outcome, AP and VAST are mutually beneficial to each other and hence us the shareholders.

near future.

The II/large holders are running out of shs to sell and when the big sellers stop the s/p will go up.

Look when the TR1's started to appear (just after trading update 17 Oct) and the s/p drop - when these guys want out they don't care they will smash an S/P.

Long term who knows, but short term IMO 15p+ looks possible

Teacup - the assets have a value and that is to be agreed by negotiation with the other BoD members and AP/AP Group (which we get to vote on).

It does not matter when this is done next week or in 5 years - that asset value is proportionate to the MC of the company and makes no odds value wise if he converts next week or never - let's see what they come up with when it happens, personally I have no issues with it - in fact I would welcome it - what will 10% of Zagra cost in 5 years? and what could AP do with it? - better the company holds it IMO