Member Info for Castaway

Sure Sandy you are correct the changes of minister/PM also had an adverse effect on timeline and probably a few other things, but I did want to keep my post slightly less than biblical in length ;-) I am sure in a few years when VAST is worth a $bn AP will retire and write a book on it! .......... not a chance, he won't have the time, he will be off creating something else.

Hippy Basically that is correct - we own 80% of BPPM and AP Group (of which Andrew is a shareholder along with others) own 20% (AP Group brought BPPM to VAST). To say the history of the mine since VAST acquired is complex is an understatement, so here are the basics from my point of view and IMO. When VAST acquired the mine, the licence had already been placed with Baita SA (RomGov owned mining company) as the company who owned BPPM was in the liquidation process when AP group acquired it. AP launched joint approach to get the mining licence back from Baita SA either to acquire the head licence or get an association of that licence with Baits SA still holding it, but giving VAST the right to mine. AFCR Romania (our Rom subsidiary) has been in the Rom Courts ever since and won every case as far as I am aware. However the Rom justice system is endless as appeal after appeal is allowed - last year AP was able to negotiate a deal with the board of Baita SA to acquire the head licence (last October). There is an opportunity to sue for damages as we still have no licence but I should think that there is little chance of that ever happening it is far better to get an agreement by negotiation IMO and let's face it the RomGov have the ace card and what would years of battles in the courts achieve?. Based on what I have researched (and been told) the delay from last October is probably due to the RomGov wanting to fine tune the agreement with Baita SA and get the best dea and admin delaysl. This process has taken much longer than was agreed and RNS'd and judging by the last RNS about it is coming to a close - hence the update which was not allowed previously. There is no legal reason why the RomGov cannot grant the licence association, Baita SA have already agreed it, the other sign off comes from ANRM - the mining agency which is a formality as we have already received several licences from them and they clearly approve of us. AP stated we will not know when the licence has been acquired until it occurs so it could be any day and it must be coming in the short term surely! I contacted AP recently and whilst he obviously cannot give any confidential details, he seemed very confident regarding the whole process re.BPPM. IMO we are in Romania and Zimbabwe just at the right time with the laws changing and both jurisdictions opening up, 2018 is not even half way over yet and it could still be a stellar year for us - let's hope so.

h**ps://www.vox*markets.co.uk/blogs/asiamet-resources-ars-tlou-energy-tlou-versarien-vrs-botswana-diamonds-bod/

are on Vox Markets podcast talking a bit about MOU with VAST

I gather AP would not be happy taking the drawdown without the BPPM licence but it is not a condition.. From this I presume he expects the licence association will come first, expects does not mean we will get it though. Anyway I am still confident AP will succeed.

Even discounting BPPM at* $45 mil the s/p should be at least a penny - at* should read by

Based on approx. NPV: $mil BP running 50* Manaila 30 PP 30 Eureka 10 Zagra 2** ------ Total 122 in � say �90 mil /shs 5.2 bn = s/p of 1.8p * based on BPPM running at normal production levels and 80% VAST interest ** Zagra as is and no JORC I expect by the time it is fully explored and is worth $2bn this may grow ;-) The above is based on NPV and obviously profits should increase and boost that Even discounting BPPM at $45 mil the s/p should be at least a penny. AIM always undervalues and over values stocks, sentiment is king, with some other positive news and momentum the s/p could easily hit 3p. Look at the recent research notes and it would seem 1p now is reasonable - and 2p with licence possible

I agree VAST is a good bet Hippy, due to the reluctance of the CEO to dilute us unless for adding value etc. many AIM junior miners need constant cash to develop assets but we have assets about to deliver a cash flow positive company as well as the huge potential of Zagra, Marange, Remin etc.

I agree in some respect Hippy, patience will reward you in some cases, in others trading frequently is better, depends on the stock. If you are patient in the wrong stock (or right stock wrong time), you get diluted out of existence on AIM as could have been the case with VAST in 2016 or PREM or ECR last year. I tend to invest on assets and potential so mainly its months to a year or so, but whatever your strategy it is not easy to make money on AIM.

FAHP, there is always an element of corruption where money is to be made and as PI's we are at the bottom of the food chain - the rest live off us, it is very difficult to make money, the odds are always stacked heavily against us - we do have a choice though and no one forced us into buying AIM stocks. So basically we like it or lump it!

NH market makers are always trying to move the s/p to get business - what you are talking about is a conspiracy to keep or make the s/p low and I just do not see it - look at any other low MC mining stock they all drop for periods - VAST is no different IMO

Dunno why though NH, I cannot see a motivation for it, anyone got any conspiracy theories?

ian AIM is actually the most marshalled market - each AIM co has to have a nomad breathing down their neck. And whilst every punter likes to blame someone for a low s/p in their prized investment, the only reason the s/p is low is cos less are buying than selling. MM's have a very short term influence but the market decides the trend of a share and no one else.

I agree with Todd - do not believe everything you read on the BB's - obviously! However Bobster told us he had bought before his trades showed as they were large and delayed as such - so IMO he did have a large holding and the fact he has been silent would suggest he may have sold down? - but who knows?

Sardy as a LTH/sufferer I have been through this and much worse. If you have done your research and believe in your investment then in time it will come good. I honestly see no reason why this company should not multibag this year - now that depends on the RomGov and AP, but IMO if we get BP licence and a couple of other positives, the share will fly and we will have forgotten about this. I held when the s/p was .1p - this is bloody luxury ;-)

Sardy no big sells today - over 2 mil anyway. I think there is a large holder who has many shs on T20's (I have said this in the past) you can only roll shs once now before selling them so every 20 days they roll some and sell and buy some back - not sure?, but it looks like the pattern to me - in between that there are sellers and buyers, but the general trend does not surprise me. I believe that will change though once we get something positive about the licence or anything else. This does happen in most shs in this sort of position, it changes very quickly though in my experience.

Well you cannot short VAST so it's boredom or something else and I do not see anybody wanting a low s/p unless they are MM's just moving the market down to get sellers/buyers. VAST is just like any other share where there is negative sentiment for one reason or another, this is normal IMO and will change when some positivity returns. Look at the history of VAST from the high of 2.25p in late summer 2015 until last August VAST was a disaster with 2 of the most despicable death spiral fundings on AIM - PI's do have memories and it takes time to reestablish a shares reputation, which our new CEO is trying to do. OK he has timeline issues ("mainly" not of his making) but at least he is working very hard to deliver on them which is more than can be said in the past. So we are left with a conundrum - the s/p could drop more but on the other hane the licence must be near? So it's up to each individual what they feel is best GLA

It looks that way Oracle - Baita SA agreed with us a draft contract and then the RomGov wanted something else, AP would seem to have been negotiating this for ages - maybe he will get a bit extra for VAST? Again the fact he was allowed to RNS the new deal suggests it is nearly ready to be signed off (hopefully FFS!).

It sure could Ronny, or it could be tomorrow - you pays your money and guess!

ANRM is a government agency, the RomGov are the only shareholder of Baita SA - it is down to the Minister of Economy and presumably others in the government as to when we are given the nod. The fact they have allowed AP to inform us about the updated contract is positive, he has not been allowed to disclose any info since November, so I hope we will get it soon. The licence association is still on and after all this time I am more confident we will get it and it will be worth the wait - $60 mil assets for $5 mil is a bargain any way you look at it (providing we get the licence).