Member Info for Castaway

Saratoza a rollover is 2 trades of the same number of shs sold and bought (not necessarily in that order, around 20 seconds apart. The buy is slightly higher price than the sell to pay the MM.

The 8 and 10 mil trade we would call sells IMO, but you have to bear in mind there is always a buyer and a seller.

And competency!

Just giving my honest opinion NH - been in since IPO and just about to throw my toys out of the pram, how many cock ups can one company have.
Anyway I still believe that the concept is a good one even if they cannot seem to do anything right - so will hold and add if it drops further, which it no doubt will whilst we wait for the rig to be moved - why the effing hell do you put a rig on ground that won't hold it? it beggars belief!

mike IPO was at 20p however have they got one thing right so far?
Could still come good but really I am starting to wonder about this company's competence

adam, BP was/is the kickstarter - the diamonds are a huge potential bonus, but since we acquired BP we have also acquired Manaila and extension/Zagra/Eureka/Blueberry/Marange.

You are the problem (well your opinion is) with VAST (nothing personal I am talking about VAST's problem) in that the "market" views BPPM licence as a validation of the company and our CEO, however if you do your serious research you will understand that BPPM licence was always going to be a long job and if it takes 5 years it will be more than worth it as we will acquire a $60 mil mine for $5mil ish!.

OK AP has been (maybe) naive with timescales, but this licence is a one off and almost unique in Romanian law and I think he has given us timescales he has been given by the Romanian authorities - it's just that they are from a different culture where deadlines and promises are negotiable (being polite!).

Basically what I am saying is do not judge VAST on the BPPM licence.

Carrefour - I believe AP will fund projects through debt when required, as he is not keen on diluting shareholders, he is also seemingly keen on JV and probably equity funding if the right institution was interested.
Basically he will use anything to get assets that will grow the company.
He is aware of the risk also and that is one reason why we have not yet taken the second tranche of capital from Mercuria as we are still waiting to mine BPPM and he wants the added revenues from the mine to boost those from Manaila.
I have discussed financing with him and he is highly experienced in the field - having been acquiring it for decades for his many business ventures.
IMO he is at the right point in his career to be running an AIM company, he has plenty of experience and is seriously well connected in both Zim and Rom.
So he won't load us with debt IMO, but he will use any method to progress the company.

If you close it yes it will be a sell angus - I think there are some shareholders in VAST who keep some of their holding on T20's for some reason. Many of the large sells will be them closing them and the large buys, buying them back as you can only roll a T20 once now.

They are a T20 rollover - neutral to the s/p as there is an equal sell and buy back

Thanks Lee - great Q&A from AP which clears many points up

Having said that copper M&A may help - we have a bit of that and access to all the Remin mines - may have to upscale the 5p I am hoping for near term - possibilities are mind blowing. Let's see what happens MC still £30 mil which is hilarious.

tom it has just got to that point where the BP licence is needed to prove VAST can achieve things - just the history and until something bigger comes along it is how the company and our CEO is judged.

BP is a small part of VAST now but to many who are not invested or do not know the company, it is massive.

VM - we have enough to go round all the majors - maybe Rio fancy a bit of Marange :-)

He has mentioned he will do a JV to get Zagra JORC estimated as it will cost a couple of mil - BHP are the right sort of size and have the expertise and access to capital to build and operate a mine larger than Rosia Montana.
The fact AP has tweeted this is significant IMO and useful to anyone who has researched the company.

Well Tiger VAST has RNS'd everything and it's all good yet the s/p is stuck around the current range and IMO hints via tweets are fair enough - 99% of people think VAST is highly undervalued and I know AP does and finds it highly frustrating that all the good things that have happened during his tenure have been ignored apart from the lack of acquiring the effing BP licence - hint away I say!

If it was generally about copper assets it would be one of those general articles every day in the press.
This is very specific about BHP buying into a small companies copper asset.
I am in no doubt AP is hinting - of course it may never happen - but he is making a very clear statement of intent!

No BHP!

angus yes it was an official VAST tweet - audited by St Brides/nomad no doubt.

Just looking at SOLG - they went from 3p to 25p in a year we could do the same sort of rise with what we have on offer.

15 bag would be 9p and that is certainly possible if all our current projects come to fruition.

angus - why would VAST tweet it if they weren't - look at how AP does PR - course they are!

Sure isas - IMO there is no conspiracy and ANRM are just doing their job. They still have 10 days or so.

If BHP (MC £34bn) want a JV on Zagra worth £2bn - makes sense - what's that worth to VAST - a lot more than BPPM for starters!

One day VAST will rocket and that day is coming closer.

https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/VAST/13780060.html