Member Info for Castaway

I think you are correct VM - AP mentioned it in a Q&A that the BoD were in constant closed period due to all the projects VAST has at the moment

Sure ian we all have our own ideas - we will get the rerate with all the news due I have no doubt - but it's not the MM's holding us back it's the history of VAST over the past 3 years

Come on ian - they have had years to get their so called "buddies" in - nothing to do with MM's the s/p - the market does not think VAST is worth more until we get the licence

Depends on what news tom - we will find out about the diamonds soon also - could be stellar or not

It made no difference for many reasons - Blueberry is a few years off production - it looks a fantastic project as do all VAST's but most are a year or more off delivering revenues - Blueberry is early stage - I am sure if it was an AIM co's only asset it would have had a big affect but we have many projects.
The licence is the millstone - when that arrives I am sure we will get a decent rise and the MC will reflect the assets VAST holds. It may not happen over night though!

Hi NH - no not mine 15mil is way over my trade size ;-)

Hi NH - s/p looking a bit better now - hopefully rise up to the licence news

It's gonna be a gold mine that Blueberry project :-)

look at the size of those nuggets!

timbo - the drop in December was a special case - only if the s/p had stayed at .1p and VAST needed to place would a consolidation be required.

isas - share buy back would not be practical right now, for several reasons (i.e. we have no cash) - share consolidation is not a gimmick, it is a legitimate way of making a company more attractive to II's and investors who dislike penny shs.

I'm not bothered either way right now Jerone - but I am sure it will happen in the next year or so - II's prefer an s/p above a few pence and one day we may head towards the main market if the company develops as our CEO is planning.

When a consolidation takes place the market cap of a company stays the same and the s/p goes up as their are less shs in issue.

What 2P is describing usually only happens when a company is forced to consolidate as the s/p reaches the nominal value of the shs in VAST's case .1p (shs cannot be issued below the nominal value) - a company that does this is usually in trouble and the s/p can drop again - VAST would be consolidating for a different reason - to gain greater appeal to II's and some would say reduce volatility (though I disagree with the volatility angle - makes no difference in my experience).

So I disagree with 2P that VAST could be traded down due to consolidation, it's possible of course but it won't be due to consolidation.

Bound to happen Sardy.
No disadvantage IMO, shame we got diluted so much in the first place isn't it!

We know why AP said imminent - there was a timescale laid out in law RomGov/ANRM - 30 working days each - the fact it took 9 months to get through the RomGov is not AP's fault.

OK he should probably been a little less positive in certain podcasts, but that is his personality and without that he would probably not get all the projects we have now.

I have been thinking about the result of the licence and there will probably be a sharp rise then a fall back but...VAST is quickly expanding and I think all the assets acquired whilst the licence fiasco has gone on will then be taken into account in the MC. I cannot see a drop back to these levels however.

IMO our current MC is pretty much what Manaila is worth now, but there is PP/Zagra/Eureka/Blueberry and potentially the diamonds and Remin. Once we have the licence I reckon £30 mil should be added purely for BP and that should increase up to production add in all the others and an MC of £100 mil could be achieved now with the BP licence. The development of the other assets will come in time - Zagra will be drilled in the autumn JORC spring next year - that will be worth £30 mil easy, Blueberry too should add a few mil by then and as we head towards production at Eureka that will start adding to the MC.

So IMO 2p+ should be on this year and 3p+ by this time next year (excluding Zim diamonds and Remin) if we get both 5-10p+ is possible.

There will be other projects I am sure both in Zim and Rom, but even sticking with what we have now and no diamonds or Remin, 5p in a couple of years is almost certain with BP/Zagra/Manaila+extension&processing plant/PP/Giant/Eureka/Blueberry.

BP licence is the key that opens up so much - the license itself means a lot less than it did 3.5 years ago when VAST was a 2 trick pony (BP/PP) - we have numerous tricks now and the market will get it after BPPM licence arrives - there will be a sell off but many will want in when they see what amazing assets VAST has.

VAST time is nigh!

AP is becoming the "go too" man for mining projects in Rom, which is good for VAST shareholders - I am sure Blueberry is the first of many new projects where we gat a free carry as laid out in our CEO's statement in January.

"It is our intention to undertake new projects that do not require significant capital or human resources from the parent company, and we will provide our shareholders with the opportunity to participate in early stage development"

Morning NH and all - hope so, can't be long now surely!

And get BPPM up and running!

Plus Zagra is being drilled in the autumn - Blueberry is ongoing now from the RNS - plenty of time to do both

B, BPPM is a special case and the process has not been done before, Blueberry and Zgra are normal and as long as the criteria are met they will progress without problems