Member Info for Castaway

I think it can be dealt with in the next year or so, not ideal, but agree it won't stop any rise.
Our BoD has more important things to focus on right now.

There is more going on now than in the whole of VAST/ACR history - fireworks soon!

Pepco - the original Marange claim never got JORC estimated it just got mined (well dug up!) and I don't see why our current concession will be either. It states in the RNS there are commercial quantities of diamonds, so we will just start mining after the DD is completed presumably - may need a JV or debt funding to finance it but I doubt there will be a problem getting it.

The artisanals are just digging up diamonds with spades in their hands, a 27ct stone was found a couple of weeks ago according to AP.

If it's like Marange 1 then you can pick stones up off the ground - fairly big ones!

This is company changing IMO - the market doesn't understand - this field is probably bigger than the original field it's worth $billions (probably).

Billions of carats should be millions in the previous post - easy to get carried away - production peaked at around 17 million carats in 2013 according to Wikipedia.

I do agree it dwarfs everything else apart from Zagra and if it proves to be similar or larger than Marange 1 - depending on finance deals it should add £100's of millions to the market cap - we are talking about billions of carats per annum production for many years.

Morning - Pepco I do not think the MC was ever near £500 mil if you look at the peak in the s/p at the time it was probably about 27p and the shs in issue were around 221 mil - so £60 mil was the highest MC (approx. in April 2008).

However that was based on Marange without any JORC in a similar position to where we will be after duedil - MC today if £30 mil - so it should add around £60 mil as soon as confirmed which is a penny on the s/p add in a licensed BPPM and 3p could be on in a couple of months.

I am sure he thinks it should be higher and it certainly should.
If we get BPPM and Marange it will soon for sure

I was being totally frank and giving my honest opinion - that a MC of a $billion would be far too high even in a best case scenario if all projects move as well as they could within a 10 months.

Of course it is possible, (but highly unlikely) a MC of between £200 and £300 mil is more reasonable in a year IMO - though many would say much less!.

If you read my fully you will have seen my caveat " could be much more or less though obviously"

If you can justify higher than please explain why and you may be correct - so why not give me your values and reasons.

Patienvestor - not likely - diamonds may, but Zagra will be initially JORC estimated in Spring next year mining will take say another 3 years to happen.
BPPM is worth $100 mil fully operational
Manaila is worth about the same once the plant is built which will take a couple of years .Then we have the Zim gold mines worth say 50 mil to us all running but that will take another year say.

This time next year if we get all the projects currently ongoing moved forward as expected IMO the MC could be:

Marange (mining alluvials) $200mil
BPPM 80
Manaila 40
Zagra 20
ZimGold 40

Total $380 mil

So £293 mil or 4.9p approx (adding warrants and current share headroom) - could be much more or less though obviously

There is a load of misinformation re. Marange - The diamonds are in two forms alluvial (removed from the hard rock by erosion over millions of years and just lying in dirt) and the source, the diamonds within the hard Kimberlite.

The mining of the alluvials is simple and inexpensive you just dig them up out of sand/gravel and sieve them out.

There has of course been reason for the Chinese and others to make out they struggled mining them and that was hiding how much they had removed. The corruption from the "miners" and the military/ZimGov/other factions was off the scale.

By the looks of our claim it will be easy for the first several years - then the hard rocks will need to be tackled which is more expensive but presumably a more concentrated deposit. I am sure we will get all the info after the 2 month duedil period.

I think AP said this claim is bigger than the original Marange claim - the market is still not aware of the size, it must be worth at least a $billion IMO.

The thing with AP is he is way too positive and that has negatives when timelines are not met.
However the positives are overwhelming - he does the deals, he gets things done and as someone said Rome wasn't built in a day but AP could build VAST in a year or so.

He is a super entrepreneur, he wants to build a mid cap mining company in 5 years and he is in a position to do it.
He is not perfect but who is?.

IMO he is one of the top CEO's in AIM, he is totally aligned with shareholders and cares about the s/p and shareholders opinions.

VAST is clearly held back by the BPPM licence and previous errors from the BoD of which AP had no control in - he was only elected to the BoD earlier this year.

I am not an AP evangelist I only judge him on what he has done and has to offer - so OK I am an AP evangelist as I believe he will deliver in spades.

The problems with VAST is many fold - historic and new - however if you really research it and understand it, then IMO this company could be worth a $billion in the next few years, as the potential is off the scale for a £30 mil cap company.

There's so much but please DYOR

You either believe in AP, or you don't

It is possible dsmith - it validates AP's strategy, not that I doubt it but the market clearly does

B, Mr 3 mil is a few people IMO - just trading it and other punters buying in or bailing as they see the s/p drop.

I am still super confident we will break through and even with 5.5bn shs in issue if we get the diamonds/BP licence we will see 5p shortly - IF though!

8. We operate in dodgy jurisdictions - BO = BP in last post

Loads angus:

1. VAST history and the fact we got diluted to hell in 2016 - that hurt loads and put plenty off touching VAST with a bargepole
2. No one believes we will get the licence for BPPM after 3 years of trying
3. People don't trust AP on time lines
4. We have a load of potentially HUGE projects but they are either a few years off revenues or they may never happen and some think that due to BO taking an age everything else will.
5. It's too complicated! - anything with more than one simple idea is lost (and in general that is valid) - (look at Worthington) - complex is not for the average punter with good reason
6. Lack of trust with the BoD over previous misdemeanors and a certain CEO blaming the shareholders everytime the s/p crashed cos he diluted us!
7. Sentiment - due to the above and the fact the s/p hasn't really moved for nearly a year.

Back to page one of the derampers bible probably - I don't mind sensible arguments, but really if you want to have a go at this company please post something relevant!

Linctus Romania and Zimbabwe are going through radical economic and political changes that happen once in several lifetimes - the opportunities on offer will not last for very long AP is making the most of them.
He has taken on many projects and until we get regular larger revenues he will not be able to take on quality management - however I am sure this will change soon.

IMO he is doing all the right things and to say he is "middle management" is insulting at best - he has got himself in the position to acquire these assets and the funding for them with little dilution to shareholders.

He is delivering IMO and how can anyone say he isn't - just cos one licence has taken a few years - ALL licences take time in Rom BPPM is special and has taken longer.

Yes linctus he sure needs advice from a BB poster!

We did drop a few percent for no reason just recovering lost ground IMO - BTW we don't get any licence for BP just a formal agreement approved by ANRM to mine BPPM under the association of the licence held by Baita SA

I have discussed this with AP in the past Mercuria T2 is solely to do with Manaila and AP said he would not draw it down until we got the BP licence purely from a financial risk POV not that they are tied.- the delay is due to some small legal detail according to the RNS.

This has no influence on the grant of the licence association for BPPM - that has been approved at the highest level - just ANRM doing their box ticking now.