Member Info for Castaway

Yes I stated that clearly but IMO it will be in a week or so

I was in GWMO at the start sold and have watched from afar for a while - IMO the drop of 50% was crazy - they didn't hit the target as it was hard drilling and too deep - OK 10-20% due to delay, but to reduce the MC by 50% is way over done.
Plenty of cash in hand and M2 could still come good 1p+ soon IMO

Let's face it if you or I were asked to write the note we would air on the side of caution - he is supposed to be neutral so September is a reasonable timescale based on the 30 day legal term - too much has been written into this for the reasons I mentioned previously, IMO PR has no blame attached to him and the note he wrote is reasonable and balanced based on the RNS.
If you read it, the note was very positive overall

B I think you are missing the point a broker note is supposed to be honest and in the genuine opinion of the analyst the broker employs to produce the note, not a rampfest for the share, which I admit most are and that is why no one takes any notice of them usually!.

Any other day no one would have cared what Mr Rose thought or wrote, but it was after a pointless RNS which basically informed us of a further delay.

AP would have no idea what Peter Rose (PR) was about to issue and in reality it is no big deal it is PR's opinion and as he knows less about the actual licence process than AP I will go more with AP's opinion (though I understand why PR gave a date of September due to the legal term being 30 days).

So to sum up the brokers job is not to ramp their clients shares (especially as no placing needed :-)), no one gives a toss about brokers notes usually and this was just bad timing due to the endless procrastination by the RomGov and the useless RNS issued on Monday and bottle less PI's.

As you say the note contradicts AP's podcasts of last week - AP has certainly not approved the broker note I doubt he saw it until published, it is PR's opinion not AP's and a storm in a tea cup.

Strong buy - it is coming soon IMO and Andrew's but not Peter Rose's?.

IMO in the next week - soon is not September it's August

I am of course talking about granting dates and not the value of VAST - he is an analyst!

B - AP wouldn't know about the note they do them automatically and I very much doubt they ask AP's opinion - as I said it is Peter Rose's opinion and he has less idea then you or I probably!

Brandon Hill were giving their opinion - that is all, it was an opinion and it differs to AP's and I think AP knows more about the RomGov workings than Peter Rose does

Seems he used to run Marange Resources which is interesting!

http://nehandaradio.com/2018/08/07/mabhudhu-bounces-back/

We know the licence went to ANRM last week for approval as the RNS stated that this Monday.

AP's podcast a week last Monday stated the licence was due very soon, the discrepancy lies in the timescale Peter Rose gave in the flash note inferring September was the likely month - he probably got that from the 30 day legal term the RomGov operates on. AP knows much more about it than Peter Rose, so IMO it will happen in the next week or so. However I do agree AP is way too enthusiastic about his timelines and he needs to learn to be more realistic in his communication to the market, especially via podcasts.

Morning NH

I think the recent delays were probably due to Baita SA "fine tuning" the agreement between them and us before it was signed off by the minister. Now that has been agreed ANRM are there to ensure the joint application is within the current mining regulations and that AFCR Romania is fit and capable of running the mine etc. - we have been granted several licences by them BPPM tailings/Zagra/Manaila extension so it should be just box ticking but they obviously have to carry out due process.

The fact AP said "soon" before it went to ANRM suggests he thinks the process will not take too long - so let's hope that is the case.

You are isas, should be soon

Not sure Bat probably go up drop back a little then move up again - depending on what news we have and what happens on the lead up to it and the s/p when the licence is granted.
However if you hold for another few months many pence are possible with the expected newsflow and progress post licence.

and the drop to 0.1p - multibagger already if you had cash then.

The way this company was run back then was unbelievable, (not pinning blame on any individual BTW, it was a team effort FFS!) at least we now have a coherent strategy and management team - though they have yet to deliver BPPM - a little more time is required and I believe VAST will start to live up to its massive potential.

Revision of MC needed after RNS!

Remember the s/p 4 bagged up to the 2.25p peak - next time it will ten bag ;-)

MC at 2p in Aug/Sep 2015 was £29.5 mil now it is £32.2

Peter Rose was giving his opinion when the licence may be granted - he has no more idea of the date than us - the person who has the best idea (in the past and present) is AP, he says soon so we have to take that as his opinion.
He confirmed it is already at ANRM and they should process it quickly (as the minister is the man who decides ANRM just check us over and grant it) - they have already granted us several licences so in theory there should be no problem and it should be done in the next week - so any time from Wednesday IMO.
The problem is no one seems to really care about the legal deadlines in Rom - who's going to sue them not VAST for sure.

Morning NH - Doubt it will be long now - ANRM can take 30 days but they can also complete in 3 - so any time now.

As I posted over the weekend - the licence is just the start and worth waiting for, VAST is still a longer term investment for me.