Member Info for Castaway

V111 - if we get the right sort of progress on the diamonds and many other fronts I think there will be top up opps on the way VAST will not go up in a straight line (or down).
I think by the 21st you may have to pay a bit more - well done on the top up - AIM hey always fun!

They will have to place at some point to pay for the JV with Vutomi - I think that's why it dropped - not sure they need to right now it's not happening until next year but in the next month or so probably.

larsson this little drop needs to be looked at as it is a small drop - I see your average is .63? - I wouldn't worry I am sure you will get that back in the next few weeks.

It's all relative if you want to know what a serious drop is look at the SP of VAST in 2015 at 2.25 and look where it went .1p!.

Why did you buy VAST if it's "such a dog"? I tend to buy shares I actually think are good, you know, invest in fundamentals!

I agree they need money at some point Martina, just when - I would go for it after the Marange deal is announced with VAST resources and Red Mercury. If that goes ahead it could be at a higher s/p than today's.

The Marange concession is potentially huge and could have a NPV of a $bn if it is as large as VAST's original claims.

I just asked James Campbell and it is the 12% royalty that comes to Vutomi which is $2-$7 mil - so that is a decent deal IMO - that's potentially revenues per annum to BOD of $1.44 to $5 mil per annum - for a £2mil investment - Decent return!

Sardy - you raised the point about my relationship with the CEO's not me! I have no problem with people complaining if it's valid and contains some reason, but it's always the same s/p drops and people have a go at me, Lee and anyone else who has been positive.

There is nothing any of us can do about it is there? and complaining may make you feel better but if anyone looks at the VAST BB will they want to buy in right now with all the negativity?

Next week when we are well up again it will be different - I was not having a go at you personally I saw Eredy's post and agreed with it - I didn't look down the thread.

TBT - the RNS was totally opaque - however the Vutomi deal is laid out on the co's web page - see below:

The way I see it IF BOD take up the whole option on Vutomi they will own 72% of the project they pay 100 mil shs and £942k cash.

Based on the cost to BOD they net royalty of $2-7 mil must be the 12% royalty to Vutomi if it isn't it's not worth doing as low estimate of $2 mil over leat time - 3 years would only give BOD 72% of $6 mil for an input of potentially £2mil.

Logically if the $2-6 mil is not the 12% royalty then there is no point in doing the deal IMO as it could only generate $4.3 mil.

I could be so wrong though as you say it's a useless RNS!

http://www.botswanadiamonds.co.uk/operations/vutomi-venture

I agree B - bit of panic and not a great idea by AP to be placing last week. It was down already though from recent highs Merc B delay maybe?

1) not the placing last week it was already going down
2) fear of another placing - possible but why not do it in one go last week if there is to be another to the market?
3) Mercuria deal delay - possible AP said end of Oct now it's end of November - they messed around before (for a couple of months) on tranche A, but we still got it.
4) General market is poor that alone could account for the drop, together with the lack of impact the BP licence had?
5) Zim economy? - I doubt the Zim assets add anything to the MC though, maybe a few mil? and it has been worse in the last few years than now in any case.
6) Any thoughts?

Too right Ereddy - the s/p drops and some posters come out moaning and making up pathetic conspiracies and blaming others - it's pathetic! - nothing has changed since we were at .65p - VAST is a great company ignore the share price it means nothing - why did you buy VAST shs - ask yourself that!

Really Bat - have you any proof?

Morning NH - not saying it isn't how AIM works mate - just not with VAST.

We have had 3 placings recently, non at a discount. with director buys at .6p.

No one likes dilution but that does not justify the current s/p

Half of it, the Magura Neagra Polymetallic Licence has an indicated estimate of 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.

Whats our MC just under £30 mil!

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=VAST&ArticleCode=yef9c0s0&ArticleHeadline=Update_on_Piciorul_Zimbrului__Magura_Neagra_Licences

ian - you will not know when the placing is that is inside info, so you could not sell until it is announced - it only works if the placing is at a decent discount last Fridays wasn't it was mid price

gbj - the $2mil was for a full JORC we only need to do a small amount of drilling by end of 2018 to reach the next licence stage. Presumably the rest will be done next year after a JV partner has been announced.

ian we are below the placing price and there is no overhang - no one is selling placing shs at a loss - the overhang thing only works if the s/p was higher before the placing, then placees sell out to replace their shs - but they would lose out selling at a loss!

I agree Clive, nothing has changed to make the s/p drop apart from the current market - not the placing in any case it was at mid price and not at a discount.

We got the long awaited licence and now we should be producing at BPPM in the next 6 months.

The s/p is disappointing but should recover soon, this BB is bipolar depending on the s/p - we are even more undervalued now than ever.

There is no need to be depressed IMO - we are in the best shape for many years - great assets, great CEO and a great future!

just under 8 months maverik - plenty of time.
Hopefully BP will be mining and so will diamonds

Morning NH

gkb - there are many companies with assets much less valuable than VAST who have a higher MC.

AP has explained the BoD's strategy clearly, all the assets have timescales so you should be able to work out when the cashflow will start for each one.

The only unsure timescale right now is Marange but we haven't even signed off on the JV with Red Mercury as yet.