Member Info for Cybaajak

the downside is coming in the form of a fund raise equity swap.

ap will have to discount from this deflated share price to raise any funds going forward. pi's interests are at the bottom of the pile of pro's and cons from here.

does ap need to pay off the whole debt and get some working capital, or just delay the debt (again) and **** pi money against bp for another year...

all of which could not have happened prior to the consolidation.

rest assured ap will continue to take his pay, and awards, the equity swap will happen and pi's will get shafted.

just how much though..

the pi's who voted yes need to look in a mirror and ask themselves some searching questions.

For ASI.

Look beyond the Chairmans statement.

The Beaumont Cornish paragraph you seek is right at the bottom of the latest RNS.

Beaumont Cornish and the negation of liabilites !

In addition, pending the ultimate receipt of the proceeds of the historic parcel, the Company requires a further US$1 million as working capital.

So. $10.4m

Kever.

You point out the $9.4m to repay in full..

But yur missing the additional $1m+ mentioned further down as 'working capital'.

The £5.8 million already raised in the previous 3 RNS has already been squandered, and the £8.6m raised a year ago to payoff the debt crisis we currently endure was similarly peed against BP in an attempt to 1. Make it profitable AND 2. Prove AP cannot be trusted to fulfil an RNS AND GM mandate.

sorry. math. not a strong point as the back of *** packet had smudges.

after the consolidation it'll be 2 billion shares. a virtual tsunami of paper confetti drowning pi's hopes and dreams.

Which they received at discount, only to realise repayment of their financial machinations, by tidal waving the actual market with 8.4 billion shares..

The results of which will not just pancake the share price but obliterate any future rise. If the 'bag of gravel' then magically arrives, any significant movement in the share price JUST lines their pockets.

As the title states. 3 weeks ago AP raised £1,255,000. Hidden inside todays RNS is a request for another £1m.

Quote "In addition, pending the ultimate receipt of the proceeds of the historic parcel, the Company requires a further US$1 million as working capital." Unquote

No salary sacrifice, no salary suspension. Just more of the same reversal Robin Hood.

I say let it burn. How much longer are the rest of you going to let AP fleece you of your hard earned money ?

Abso-fuc*ing-lutely, irrevocably a resounding NO from me.

My 13m shares are mine to vote how I want, and I would rather use them to start a bbq than give AP the permission to squander more away.

Also ASI, Q2 results dont get pushed out until a month, or more, into Q3. Waiting until July/Aug on BP figures wont keep the wolves from the door. AP needs the 'bag of gravel' now. VAST, as a going concern, needs to sort out its debt obligation at the end of this month. BP Q4 results were instrumental in the extension timeframe.. and didnt measure up.

Would AP actually close the mine though. Not long ago they had a strike. If the miners were disgruntled at no wages, closing the mine would not exactly endear the management to the workers.

Genuinely curious and not looking to enflame the discussion.

How many turning points is BP allowed to have ?

Q3 23 was meant to be a biggie.

Q4 23 was meant to be even bigger.

How many funding rounds in the past 7 months alone ?

You still have to wait TILL END OF APRIL to find out this Q1 figures IF AP includes them and it looks like he's moving that set of goalposts.

With the latest missive bodeing ill for PI's, what about next week, next month, next quarter ?

VAST is NOT making enough to cover operating costs. Even IF they start refining higher grades at BP, they still operate at a loss. The Q4 results were meant to show an upturn in revenue TO COVER foreseeable costs, and that has not happened.

To stay afloat AP will sell a package of diamonds, raise the SP, then either dilute more or consolidate to rinse repeat. The whole business model was pivotal on BP being a positive money spinner AND ITS NOT. What it has been is a money sink, hence the debt that hangs over everything, detrimental to everyones financial health EXCEPT AP's

and the delayed delivery of the diamond package has blinded even the hopefull that its a turning point.

There won't be a 'boom'. I'm hopefull there is a 'pffft' .

And they are underwhelming to say the least.

At market open I'm expecting it to fall lower than yesterday. Maybe down too 0.007.

Ultimately when the diamond money comes in I'll still sell for a loss as I can't see this turd of a share going back up to my ave on 13m shares. A 5 bag from 0.007 wont save me now. Spiked for a year and buying in to lower my average just means I've lost more. Meanwhile AP seems to have done well on wages and bonuses.

? year after year ? !?!?

Try bi-monthly with VAST.

So, nearly £6m in debt to date, Satellite sites in Ethiopia have been overpegged since 2022, teams gave been sent out TOO the satellite sites to offer up stamp of ownership, No first pour until 2h 2026 and the share price is looking sh*te. The ONLY funding WE KNOW ABOUT is some investor in the UK willing to back HAA going forward...

Raising a chunk of money to alleviate near term funding and/or ease the overdraft Adams is running looks to be either massive dilution or a 1 for 20 (even a 1 for 25 or more) consolidation followed by a chunk of dilution at higher rate..

How much longer is he going to sit in the chair ?

But Queeld shares had the issue with lost share certificates, which, the replacements are now held by a 3rd party, as security & safety, until 5th March.

With the respective timescales of calling an EGM being 21 days (working back from 5th March) and the BOD having to call the EGM within 45 days (calendar wise in relation to the court case AND 21 days AND the 5th March) of receiving an offer, I'm hoping for an RNS within the next 10 days... and personally, anything over 17p will do wonders for my retirement.

Its my opinion only.

Look to the RNS releases of February and March of 2017.

HAA has to find finance from somewhere. He has exhausted dilution to ridiculous low levels, TK and Ethiopia have dragged their feet for 5 years. To cover the shortfall against KSA and time to IPO there he HAS to find money from somewhere..

Where though ?

I reckon there will shortly be news of a stock consolidation. 2017 was a 17 for 1 from 3.5 billion down to 225m. This time will it be a 20 for 1 or more...

He HAS to juggle the figures to make Kefi share of the KSA adventure more compelling, plus secure finances for everything till after first pour from TK.. At the current share price of Kefi nothing adds up.

Timing is his downfall.

The constant delays on the diamond saga has meant the juggling financial acts AP has been doing, playing one set off against the others, is getting more and more erratic.

With diamond money safetly in the bank the latest hiccup at BP, along with other costs etc could have been quietly covered up and life expectancy extended till early, or mid, next year.

Now his house of cards teeters over an abyss.

If HAA was getting £100k in wages, or shares, or a combination of both, I would be uninspired to contest it.

Read my post below, or section 22.1 in the Financial Report rom 2022. Directors Wages £533,000 shared (unequally) between CEO & CFO. This sum and £49,000 other fees paid for Consultancy Services to 2 companies, where, the CEO and CFO are sole beneficiaries.

Furher down that paragraph it details Share Renumeration and Share Options renumeration.

Page 56 refers to the Yearly financial report where the 2 Consultancy Firms names are stated.

And this not directed at you..

Whilst the conspiracy theorists and armchair referees sit around reading the cut and thrust of internet bickering, maybe someone else could actually answer the question about Consultancy Fees from a company where you are actually the Chief Executive Officer..

I can never remember the defining difference between avoidance and evasion..

Tiresome little man..

Extrapolate. To enlarge upon the subject matter in detail.

80% of CEO's.. Which sector, what product (if any), A barometer of success in difficult circumstances, what area of expertise,

Mining or Exploration, Company Value,

A rather broad range to finesse down to compare against Kefi.

And Yes. Kefi is the subject matter, along with the Chairs ever expanding avarice. You want to bring in a web page from BDO you need to be able to define why your idol sits in amongst that 80%. If success was a measure of reward, then, by all normal standards, HAA has been handsomely overpaid for producing, [checks notes...] ZERO ounces of gold.