Member Info for Dicko80

Yes that's correct mick , please see earlier posts

"Confirmation required"
"Q1 2022 - breakeven"
"Q2 profit"

Pet, not sure what your on about regarding full of ****e - I told you to close your short and buy , yes it was a tongue in cheek comment as your so bitter and negative ... strange you devoteso much time here, move on kid.

Tongue- I'm not ramping - just telling you what's been announced , company's turned a corner, set to make a profit, ops ramping up, drilling up exploration target 5MT , worth over $100million

it's a strong buy at £1.5m mkt cap

Ridiculous buy under a million mkt cap!!

HAPPY DAYS init -)

Hope you all added accordingly

Will you guys be coming to the 5p party ?

It's called sarcasm pet

I didn't mention anything to do with timelines that was you , if you aren't aware the last 2 years has been a write off with a global pandemic . All businesses have suffered delays whether it be a shortage of raw materials or a lack of labour resources , its had a massive impact , VAST have done well to stay afloat under the circumstances and to position them now to turn aprofit and ramp up is a big achievement

I'm interested from now , not the past

ATB

Very interesting read

Thanks for posting lesboy

Thanks for the kind words pecten

If you can read,please re read robs post and then mine

Illustrating the last 13minths to show the company as of December turned the operations around and as stated about to ramp up as Q2

So that's my back up to justify my gamble

Today is the start of the new financial year for VAST

Operations ramping up

Profit forecasted £10 - 15m

I'd just close that short and buy

Enjoy your weekend

.....subsequently abandoned, in February 2021 utilising the historic mining method.

Baita was historically a molybdenum (“Mo”) focused mine and produced between 1-3 tonnes per month of a 40% Mo concentrate. In order to capitalise on the strong market fundamentals for molybdenum, which is currently priced at USD$46,000 per tonne, the Company is on track to start exploiting the molybdenum contained within ore by reinstating the original Mo flotation circuit. This is still expected to be completed in Q2 2022 and will add an additional revenue stream for the mine

further to the previous announcement on 31 January 2022 regarding the process plant, the Company will commence the refurbishment of a second mill line (funded by the Subscription) due for completion in Q3 2022 to further optimise operations and enhance production.

12th April 2022 - £420,000 raised at a 60% premium 0.84p

The cash raised from the Subscription will be used to primarily acquire additional mechanised equipment to increase underground production at Baita, namely an Aramine miniLoader L130D with remote control capability (‘miniLoader’). The cash raised from the Subscription will also be used to fund logistics costs in relation to the miniLoader as well as increased transportation costs of the two Mantis CMR4 Jumbo drilling rigs to ensure delivery in April 2022 via airfreight. The Company will also utilise these funds towards the cost of commissioning the second mill line at the process plant at Baita and for general purposes.

proceeds to acquire additional mechanised equipment to support the increasing mining volumes planned at the Baita Plai Polymetallic Mine (‘Baita’)Consistent underground production achieved over the past three months at BaitaSales of copper concentrate continues with regular deliveries being made to the Company’s offtake partner High grade ore accessed on sub-level 2, which supports an increase in the level of concentrate production moving forwardLong hole stoping operations to commence by June 2022 which is expected to further increase volume and grade to the operation Molybdenum flotation circuit expected to be operational in Q2 2022, which will provide a further revenue stream

“The developments at Baita over the past three months have been very encouraging and we believe that we have achieved an operational turnaround to support the levels of production that we have been anticipating."
.......

As i said its all there if you look

Dec - rot stopped
Jan - March - production unimpeded - breakeven/profit
April - Q2 onwards - ramp up in production - profit, hench why placing was completed 0.84p 200% from current levels

.............................

exploration drilling to firm up new JORC resource targetting 5MT
.....................
The cashflows support a valuation of Baita Plai in excess of $100 million that represents a floor to the fundamental value of the mine with further potential upside
.................
mkt cap £1.

.... as previously indicated to the Market.

Those prior to May 2022 to April 2023 have been revised downward as further detailed below.

31st January 2022
Q4 2021 Production Report

Volumes at the start of the quarter were lower given the previously reported issues at Baita Plai but the Company is pleased with the progress made in the quarter.

The Company is pleased to report that Q4 2021 has shown an increase of 88% in ore tonnes milled from the start to the end of the quarter.

This is primarily a result of a second Sub-Level accessing the Antonio Skarn implemented in early November. Copper concentrate production increased by 62% from the start to the end of the quarter

Volumes at the start of the quarter were lower given the previously reported issues at Baita Plai but the Company is pleased with the progress made in the quarter.

The period reported herein is the calendar Q4 figure for 2021. As the Company moves towards ramping up production, introducing new equipment and adding new concentrates to the production

12TH April 2022

Further to the Baita operational update announcement on 31 January 2022, the Company can confirm that underground production has continued unimpeded since the update

Ramp up in operations

production continues on sub-level 1 and sub-level 2. The ramp access to sub-level 3 will shortly intersect with the Antonio skarn on sub-level 3 and allow for two additional directional drives to be developed east and west.
The continued development of further sub-levels will allow the Company to open multiple new production faces underground which will provide additional ore production.
The Company can also confirm that the mining teams have accessed areas of high grade ore on sub-level 2, which supports an increase in the level of concentrate production moving forward.

Development will be further advanced with the arrival of the two Mantis CMR4 Jumbo drilling rigs, which are expected in April 2022.
This will allow long hole stoping operations to commence on 17 level (previous working area, now being reexploited) and the development of the main incline to 19 level (next identified working area after 18 level) and ultimately to 21 level (future identified working areas).
The long hole stoping operations are planned to commence in June 2022 and will provide a significant increase in both volume and grade to the operation.
The Company has also identified additional mechanised equipment to support the underground development work on 17 level, namely, an Aramine miniLoader L130D with remote control capability specifically designed for underground mining works in narrow sections and which provides the ability for the loader operator to work from a designated safe area. The long hole stoping will be initiated from above the old workings and will allow the recovery of high grade production ore located in remnant pillars on 17 level which were deemed high risk for extraction, and subsequent

Dicko: It sounds like you don't have a real answer to justify your gamble. Nothing but wishful thinking and simple words.

............................................................

26 February 2021

The production of concentrate at Baita Plai for Q4 2020* and anticipated for the rest of Q1 2021 is considerably lower than the targets set out in the previous plan

This shortfall is due principally to the lack of equipment reliability and supply chain and labour issues in part due to the COVID restrictions.

These issues are in the process of being rectified under the revised mining plan the results of which are expected to more than make up the shortfall in the period covered by the previous plan (i.e. the period up to Q3 2022).
To prepare for the enhanced mechanisation under the revised plan, the Company has already acquired, and is currently awaiting delivery of, three additional underground LHDs and a Jumbo Face Drilling Rig with long hole capabilities.

30th March 2021

Vast Resources plc, the AIM-listed mining company, is pleased to announce the finalisation and release of a new mechanised mine plan for its producing Baita Plai Polymetallic Mine (‘Baita Plai’) in Romania, in line with the previous announcement made on 26 February 2021.

Net* revenue forecast:

$17.2m 1 April 2021 – 30 April 2022
$28.2m 1 May 2022 – 30 April 2023
$33.4m 1 May 2023 – 30 April 2024
$34.7m 1 May 2024 – 30 April 2025

Net operating cashflow forecast before debt, tax and new capex:

$4.9m 1 April 2021 – 30 April 2022
$15.2m 1 May 2022 – 30 April 2023
$20.9m 1 May 2023 – 30 April 2024
$21.9m 1May 2024 – 30 April 2025

The cashflows support a valuation of Baita Plai in excess of $100 million that represents a floor to the fundamental value of the mine with further potential upside.

Mining capacity is planned to increase by 65% under the new mechanised mine plan compared to the old labour intensive mine plan.
The new mine plan includes the acquisition of three Load Haul Dump Loaders (LHDs), an Aramine Face Jumbo Drill Rig, two Resemin Muki 22 Long Hole Drilling Rigs and a Tomra XRT Ore processing & sorting machine.

25th October 2021

The fundamentals of the mechanised mine plan, announced on 30 March 2021, remain in place and valid, and the ramp up of mining and production continues to advance.
However schedules for the short term implementation of the plan have been delayed due to labour constraints, geo-technical challenges (including in particular an unexpected encounter with friable ground), supply chain issues and COVID-prevention measures. These have had the effect of pushing back the start of the planned higher production volumes.

These operating issues have been addressed and the Board believes that Baita Plai is on target to become profitable on a monthly basis by the end of 2021, and the Company's internal projections for the period from May 2022 to April 2023 remain substantially the same as previously i

rob its there if you look for it

*should

29-Apr-22 13:53:49 0.2988 1,673,360 Buy* 0.27 0.30 5,000 O
29-Apr-22 13:53:21 0.2988 1,450,000 Buy* 0.27 0.30 4,333 O
29-Apr-22 13:52:53 0.2952 1,650,000 Buy* 0.27 0.30 4,871 O
29-Apr-22 13:52:28 0.2944 1,900,000 Buy* 0.27 0.30 5,594 O
29-Apr-22 13:52:06 0.2922 2,200,000 Buy* 0.27 0.30 6,428 O
29-Apr-22 13:51:43 0.2922 2,500,000 Buy* 0.27 0.30 7,305 O
29-Apr-22 13:51:07 0.292 3,500,000 Buy* 0.27 0.30 10.22k

Thats one way to quickly buy £44k

Q2 ramp up not Q1

Q1 stop have stopped the rot, breakeven

Q2 - Profit and scale up ops

what same price and same time ??

come on stop de reamping lol

delayed from 8.25

29-Apr-22 08:25:00 0.2884 20,500,000 Unknown* 0.26 0.32 59.12k
29-Apr-22 08:25:00 0.2884 20,500,000 Unknown* 0.26 0.32 59.12k

more big buys

as PIs we are always last to know whats going on

looking at the RNS - it looks like the company has turned a corner

confirmation will re rate the shares

placees at 0.84 a few weeks ago at 60% premium...

why would you pay 60% premium ?

its a great risk/reward punt at these levels IMO

cause you've got fat fingers

please re read my post ...

"confirmation required"

looks like short squeeze is on

No worries, .26 wasnt the low could buy under 0.25p but didnt add i needed to do more research

lets hope we get the short squeeze and good production numbers

ATB

0.2-.22 looks to be bottom

added a few more

happy to take a punt at 0.26p yesterday

OK looked into these more last night

Quick notes

Bad bits

Horrific operational
Lots of money raised at much higher levels

Good bits

Operations have now turned a corner

Stopped the rot, cashburn

So at £1m Mktcap

We have the opportunity to buy a fully operational mine

Probably at breakeven ready for near term profit I'd say from Q2 so this quarter, ramp up in ops with additional faces brought online and the aid of mechanical machinery

Forecast Net profit from April to April 2023

£15 - 20m
Also drilling to firm up a 5MT exploration target

To add many years on to LOM

What's 5m x $10,000 ?

Then there is manila which could also come online e in thenear term

So to summarise

Confirmation required

A - Rot has stopped
B - Running at breakeven
C - in profit
D - ramp up I production
E-finance sorted
F - JORC resource confirmed from drilling
G - Manilla brought online

So looking at the above seems recent placees would have Insight on current ops and agreed to placing price of 0.8p

Similar to large holders increasing holdings recently

Looks very interesting at these levels

not just today , look at the trades for yesterday

22m @ 0.42 x2

gona be interesting