Member Info for chrishutch

https://miningzimbabwe.com/a-new-era-for-diamonds-ahead/

I did say the booked looked stronger, up we go.

Max, firstly I never said it was a bad trade, I said I am not saying it is bad trade. Secondly if your trading strategy is to buy stocks when a global pandemic hits and sell them for a small profit you will do well once every 30 years, but that is not trading in the sense we were talking about. You may as well just increase your pension contributions everytime the world goes tits up and they print loads of money.

It also looks like it is around a longer term infliction point currently and as they have no real trading floor anymore they will have had less exposure to the opportunities.

I would also add that BARC has had its fair share of corruption over the years. Haven't looked at the recent fundamentals though and not saying it would be a bad trade.

Barc down on the year and only recovering off the covid lows? Covid did produce a trading opportunity, I think most of us added a heap to our accounts during the pandemic lows but these are not day to day opps.

Caselogic I trade the wider markets, indices both futures and spot, commodities, AIM, FX, but rarely touch the FTSE what you have you got your eye on in the FTSE?
I find that unless there as been unexpected news, a global event or the like that individual stocks are already priced well and then stamp and commissions, don't leave much in the way of tradable scope. Or did you mean pension style investing, buying trackers or the index.

Thanks discodave, sounded like a horror movie out there last night! Yes, VAST paying for stuff would be nice, managed to get the window closed with a hammer but will look and assess the damage over the weekend. I am hopeful the extra shares I picked up down here will put a new watch on my wrist on the way up and will leave the others to ride.

Not offering much down here and would not take much buying to flip the book and move up.

Why do you think 10 more days?

Morning all,

Freakily windy last night here, one of our windows (double glazed) actually blew off the tracking. Was it this bad everywhere last night? I am in London.

I see the trend to constantly post on here with negative sounding thread titles continues. Haha.

A few have said about the 6 months only for news. VAST never said that, this error was just a few here either who are not fully understanding what was said or how the market works.

The biannual reports are not the only time the company will report news to the market. They are in addition to any news that happens. This is AIM regulations, VAST don't decide time frames for reporting news, other than annual reports etc. They HAVE to report news as & when news occurs and they want to. This statement was an extra step to provide more information to shareholders.

A poster asked for my reasons for investing here & I have in the past posted reasons but the volume of nonsense/anger/frustration on this board often means it is not worth posting anything & I want others to buy/sell/hold for their own reasons.

I will however try to be as transparent as possible. I wanted exposure to copper & took a few positions in companies with exposure to copper. Some went up & sadly this one drifted down a bit. I got caught off side on two placings but my position sizing was small & I averaged down.

I continue to hold because Vast has actually progressed since I bought in. The current fundamentals are actually more positive despite the share price, they are well capitalized & they are a cash generative business. The directors are buying. VAST moved 2 production, had their first sale, possibly second, etc. These milestones are a huge achievement and put VAST ahead of lots of companies and they did this during a pandemic, with a broken bridge, and an unhappy shareholder following.

This combined with my belief that Copper is going to continue to have a very strong period. That does not mean the copper price will not fluctuate. It will, and so will VAST’s SP but the global demand for copper is going to be high, given the move to electric vehicles alone but also all the other avenues copper is required for, you only have to look at how popular Greta is to see the need for copper. VAST have an abundance of it & are able to get it out the ground cheaply which is Win win.

The Diamond side of the business is looking slightly more positive & the fact they would travel there for meetings during covid tells me something could be happening there, if they get that going the price goes up or maybe an IPO of the other assets. There are a number of other assets but for me it is the copper. Let’s get it ring fenced structurally and see what happens. I could go on and on, but in summary there have been stumbling issues along the way & I feel for long term holders who bought the dream higher and paid to get the company into this position but I believe those issues are now behind the company. And there is an opportunity in the current price for new investors & old, don’t put the house on it but have something on it as it has a higher probability of success.

Hopefully in a few months we will look back and kick ourselves for not buying more down here.

I worded that poorly but I think VAST is now in almost in a position to turn the tables and show us shareholders some value.

Hoping I am right!

Max there are lots of opportunities to make or lose money out there. If you spread the net wide you catch a bit of both.

Pecten11, it is all I can work with until something contradicts it, I thought Andrew Hall presented well and I like the position the company is currently in. Vast has been turd in the past? but I think the turnaround is happening as we speak and although I bought slightly higher and have been averaging down (whilst staying within my trading rules on position size and risk management).

Obviously everyone should dyor and make your own choices. But I think the probability of a win rather than a loss at this stage has swung into favour.

Since watching the interview I feel relaxed and happy for things to develop as and when they do. I am guessing most are feeling the same at this stage.

Still holding it own here, as soon as we clear .13 I am hopeful of a move to .15 and then .22

The company received the last payment re copper on the 10th if memory serves me correctly. Would not surprise me if at this point a a second payment might have been received or in the pipeline. Any thoughts?

Although I am not being overly active at the moment chat wise, I fully expect this to move up. I think we will be moving into the .15 to .22 range once we have cleared the sellers.

:-)

Nice!