Member Info for Castaway

Fantasy - it is the only one making money - funny we have never see a penny of it isn't it and we gave 50% of our holding away for more or less nothing and wrote off $12 mil of debt! DYOR! - PS that was not AP's doing!

gkb - definition of a lifestyle company - a BOD who use investors cash to fund their lifestyle - if you did research you would know that is not Andrew Prelea!

What you are inferring is that he is acquiring too many assets that will never return cash to shareholders and that is completely different.

VAST is in a unique position right now with assets available in Rom/Zim at low prices - these will not be around forever - we either get them now or never.

So I back him to pick up as many assets as funds will allow and develop them.

Whether you like this or not, he has made it clear what he is doing.

No VAST is not a lifestyle company IMO - AP paid .6p a couple of weeks ago in the last placing - delays have caused this latest placing but the assets VAST holds will win out ....eventually.

You need to DYOR - look where the assets came from - all AP apart from PP.

jeffa I did say investing in VAST was investing in AP as it plainly is, as it was when RP was the CEO.

I also still think 2p+ will be possible in the near term with the assets VAST holds.

I was traveling until last night so completely missed the placing news and can only assume after what AP said recently cash was required at short notice.

It was not great to have dilution at .53p but there must be some good reason, AP bought in at .6p a couple of weeks ago so he probably didn't plan this - maybe a consequence of Mercuria delay on tranche B?

Anyway I go back to "VAST is the AP show" - you like it or you don't!

Morning NH/all

Patien - I have never seen a company issue a statement where they say there is "no reason" for the s/p to drop - only if it rises - AIM rules.

AP cannot make a statement about this - he plainly feels we are undervalued as every CEO should.

All AP can do is keep adding to the value of the company - the market will get it soon hopefully!

The markets are down and we still do not have serious revenues and clearly no one outside us believes in Marange - but they will soon!

https://www.youtube.com/watch?v=P2jyCgWJHBs

Nearly (timewise) where we should be kingsley - at a much higher s/p!

Patien - you seem to get the highs and the lows of investing and sometimes on the same day!.

IMO we are in a much better position than ever and if you think .56p is bad I suffered .1p and was unable to buy as fully invested and several 100% down!

Look at the fundamentals and the progress VAST has made in 10 months, the fact the s/p has not followed this progress is bizarre but it can be explained - the market has not got it - it will soon IMO.

I agree gem - if you are leveraged by spread bets or CFD's you need cash urgently for a margin call in times when the market gets hit, so maybe a distressed seller.

We need to break out of this range and to do that we need everyone to hold tight and stop selling!

If AP can get an II on board at say .8p (with the headroom) IMO we may not need further funding from the market for a while, maybe never?. We will have the funds to do all the projects in Rom and Zim and in 6 months we could be cash flow positive and maybe profitable.From then on debt funding will do it with JV's at project level.

With what VAST has coming up its a strong buy IMO.

So whoever sold the 7.5 mil - please stop as it will probably be good for your longer term wealth.

Balls of steel required people - we are nearly there!

Markie there were only around 10 mil trades after 4pm - look at the timestamps - the last 7.5 mil was worked for a few hours and printed just after close with a delayed publication

Good point about the warrants Terry, with warrants, Mercuria B and an II place (at a decent s/p in the future) we could get enough cash to do all our current projects - looks like that is the plan!

The next few months will be very interesting and potentially lucrative.

That will be part of the arrangement jeffa - there is no way on earth anyone will invest in Zimbabwe if they cannot take out profits

I don't think anyone can judge what effect the diamond mining will have it depends on what we start mining with - small scale at first then using revenues to upscale production would seem the most likely.

If the new concession is anywhere near as good as our "heritage" one was then it is potentially worth a $bn+ NPV. The problem with alluvials is you cannot easily estimate them, but from all accounts there are probably millions of carats on the concession as it is a large area.

If it all goes well I could see it possibly adding $2-300 mil tops to the MC to vast by this time next year and more likely £50-100 mil. Based on current shs in issue (inc 850 mil headroom), anything between .7p and 5p?
There are so many variables though it's impossible to be accurate - we haven't signed the contract with Red Mercury yet.

I am not concerned about the lack of cash though - I am confident we will get Mercuria tranche B soon (up to $5.5 mil) and that will give us the cash to move things on until we get an II to buy a chunk of the headroom we voted for.

I also think the outlook for copper is excellent and if there is an economic/currency crisis no doubt gold will go up as a safe haven?

The point is we still have much to look forward to without Marange - PPM/Zagra/Remin/Blueberry/PP/Eureka/Giant...

Great research guys - hopefully we will get an update from the company soon AP will be out there soon

isas - to be clear, BOD get a 13.33% free carry on Marange SPV for their expertise.
I am not saying they do not need to raise but they don't if they choose for Marange

Andrew is out there soon as well

Sure buko - I appreciate your opinion, there are positives and negatives about every company, let's discuss.

ripley from what is laid out in the RNS you would have to have taken part in the IPO to benefit from EIS tax relief