Member Info for DanielC43R

pretty impressive already. Gives you nerves of steel this investing game, important to set your own target I guess. GLA

Also at 0.25p MRRR. Hopefully the RNS next week (fingers crossed) will give this the boost it needs. Many PI's been here very long and quite underwater so really hope that this comes good for them. GLA

for Gemstar. The other two are Kefi (in profit - just) and Katoro (underwater slightly). Have small holdings in both due to my perceived risk. GLA

Great RNS again from this sleeper of a stock. As a guess this is a very long hold stock (more than two years ?). Any thoughts appreciated. GLA

I understand your caution Pecten11. I am only holding 1.2M shares, so very small risk compared to many investors here. Still underwater though, have not held long (Nov 19 I think) so not been run up the garden path as much as lths have been. I have two other stocks (with good grades too) with similar types of CEO and they are just as frustrating although 18-24 months behind VAST. Maybe I am too trusting, but as I said my risk is tuned to the stock. Sights are set quite low in terms of future SP (target 1p in 6-12 months). GLA

RNS
'In addition, the funds being raised will provide the Company with funding for the first month’s production at the Baita Plai Polymetallic Mine until the first sale of concentrate expected in late August, together with some further general working capital.

Andrew Prelea, CEO of Vast, commented:

“We are happy that the final stages of development at Baita Plai are proceeding on time and as planned and expect that the funds raised today will take us through to the anticipated date when we can achieve cash flow through the sale of concentrate.”

Hopefully the cash flow will negate further large placings. AP has also mentioned buy backs when sufficient cash flow comes in.

As for investing in AIM versus Main market - SXX was main market I seem to recall (one of the many that were robbed there). Both markets can bite hard. GLA

has started despite some thoughts to the contrary. 1.88 Mt at over 2% copper and 1.41g/t Au (going from their 6/8/20 twitter update). So about 95K oz Au (currently about £1550/oz) and 38K Tons of Cu (£5000/T - I think). Not sure of the AISC here but the resourse levels are pretty good, will be more interesting once shipment and payment is complete at end Aug/ beginning Sept 2020. GLA

lol too Pommy1972. Your posts spot on also, plenty of recommends. Particularly like the 18:16 one. GLA

correction . meant Pompey97 18:28 post. Similar name there Pommey1972 - will use stronger glasses in future lol. GLA

nice one Pommy1972. Posters history is pathetic, best to report their posts and filter the clown. GLA

Cheers Levistubbs. That would be a very good option. Waiting for the 20p meaning less dilution which I feel Darren is all for. This does seem to be a little sleeper of a stock (despite some random moaning poster appearing out of nowhere lol). GLA

Hello Levistubbs. Your post has left me hanging a bit. 6m shares gets to the allowed 20% PA raise, but the part about not having enough for the year ahead. If I remember correctly they are fully funded this year. So I guess my question is around the year ahead and financing options. Appreciate your, or any investors, thoughts on this. GLA

Yes, possibly raise. RNS 30/4/20 suggests one within 12 months to fund activities. Normal for tiny miners with no revenue. With potential grades mentioned this should be no concern and they can only raise 20% PA (main market rules). GLA

Tipil licence additional 24.5 sq km west of current licence - cheers A1EX for update.
Project flanks - additional 50.7 sq km (MOD approval in may 2020).
Hopefully with these the 64K oz PA could increase significantly.
Great to see Rowka back. GLA

quite big. Not been any bad news as far as I know, what is going on ? GLA

cheers for confirmation wraith. GLA

From 22/6/20 placing RNS:
'In addition, the funds being raised will provide the Company with funding for the first month’s production at the Baita Plai Polymetallic Mine until the first sale of concentrate expected in late August, together with some further general working capital.

Andrew Prelea, CEO of Vast, commented:

“We are happy that the final stages of development at Baita Plai are proceeding on time and as planned and expect that the funds raised today will take us through to the anticipated date when we can achieve cash flow through the sale of concentrate.”'
My question is why do investors believe another placing is coming when cash flow is imminent (apart from APs love of them of course) ? GLA

Not sure if my memory is correct but placings are limited to 20% per year due to regulation (main market of course). GLA

cheers for correction Mac. More time to get to their target production rate or higher with extra licences potentially. GLA

They only mine in the summer months at WK, so two months down and one to go (can they stretch into Sept. before the frost ?) . Target production 64K oz at full capacity (68% ownership). Pt $989/oz, AISC $300/oz - about $30M for a few months work. Not bad. GLA