Member Info for Dicko80

If they can JV oz and list on ASX , that would be preferred route I’m sure based on valuation of neighbours, selling it now without Jorc or any firmed up real potential would purely be based on potential and real value should come on exploration, find and development

Thanks orslega

So seems focus is currently on arbitration $10m ?

start of gold production, 50- 100 people ops, reasonable size

potential sale/JV in oz for gold, next door neighbour valued over $500m due to gold finds recently

But company already has Kenya gold asset with jorc 723koz, looking for partnerships , what’s this worth with POG ?

Namibian oil assets which states the listing of jv partner elephant oil value enhancement

Lithium assets …

other good licences…

Chart looks like it’s bottomed out and waiting for news

Looks a good entry point

So it sounds like deadlines missed rather than poor assets

With these start ups there's always teething problems ,resulting in delays ,I wouldn't be concerned that its dead , just taking longer than initially expected

But does anyone know what sort of prodution levels oncece up and running ?

"Poor assets"

My initial research doesn't come to the conclusion of poor assets. Quite the opposite.

As with any junior in the mining space, the need for cash will always be required until they get into production

From what a read the company is looking to get into production in the near term , anyone have any details to the potential for this ?

Also I note there is also a potential bonus with arbitration, what's everyone's thoughts on the outcome ?

Also note the Australian gold prospects now looking lot more interesting with the recent finds by SDX neighbours to RRR , their mkt cap exploding to over $500m. Talk of bids or oz listing for RRR oz gold

Any thoughts would be appreciated

TIA

The PGM contract they haven’t prioritised ….

This I find bizarre…

The Swiss are PGM so if they are rescuing the company why would you not prioritise their business ?

Bit surprised this news has come first ,

Positives potentially more revenue streams

The restructuring at BP has come at a cost of production , so the question is do they have enough cash before the financing comes in as the other streams of revenue haven’t kicked in

It looks to me like they are laying the foundations for 2025

That's quite outstanding

That's 107,000ppm

When normal background helium at surface is just 5ppm

Took some at .34/35

Historic parcel

$13m ,multiples of currentmktcap

Re development of the mining licence in Zimbabwe, huge deposit of diamonds

Pgm contracts with Swiss investor , first for $100m +

So the value at £1.5m mkt cap is clear for an investor to take a strategic position in the company

Especially more so for one that are in the PGM sector with clear opportunities to exploit in Tajikistan but of course they need the for in the door as its a closed country,so who can offer this

VAST

Any new investors looking in , look at the opportunity

Vast have worked Over the last few years to create multi asset / multi revenue opportunities , where previously they were reliant on BP mine in romania for their only source of income, which has struggled due to lack of funding to ramp up operations

So what do you get for £1.5m mkt cap

Takob processing - shipments now taking place, creating revenue , for lead and zinc , 7kpm

fluoride revenue stream being looked at

Tungsten revenue stream being looked at

Potential high grade cooper being investigated, Findings from high grade copper, with grade upto 37% at surface

Gold - increase in recoveries helping to increase tonnage to get back up to previous peak levels 27,000 oz gold, 250,000 oz silver this is from just 4 mines there is 12 to develop

Gold report on findings from the 3 tailings dams , another potential avenue for gold revenue

2 copper mines - 1 producing , BP - part of investment will be to help fully fund operations to ramp up as copper $11,000 t, costs were estimated at $5,000 and to produce at peak levels would generate $3-5m net per month, manilla the other copper mine that can be re started in just 3 months once funding is completed

However cooper price expected to quadruple, returns would then propel to $15-20m NET per month

$40.000 t - Copper

VANCOUVER, BC , June 3, 2024 /PRNewswire/ -- One of the biggest threats to the ongoing energy transition is the world's ongoing copper shortage that's set to get worse. As demand for the red metal continues skyrocketing, the International Energy Agency (IEA) predicts that existing mines and projects under construction will meet only 80% of copper needs by 2030, which is concerning as opening a single copper mine typically takes 23 years. With the world's two most prolific copper producing countries coming from Latin America, sociopolitical threats to the mining industry in the regions persist in Chile and Peru respectively. Hedge fund manager Pierre Andurand is predicting the price of copper to quadruple to $40,000 per tonne in the next few years, while Goldman Sachs also predicts record copper prices by the end of 2024. These factors are driving calls supporting development of more domestic mining to bolster secure supplies, as the market pays attention to copper miners such as Rio Tinto Group(NYSE: RIO), BHP Group Limited(NYSE: BHP), Lundin Mining Corporation(TSX: LUN) (OTC-Pink: LUNMF), Southern Copper Corporation(NYSE: SCCO), and newcomer Yukon Metals Corp.(CSE: YMC) (formerly CSE: JKS).

With the IEA predicting global copper demand to surge twentyfold by 2040, the importance of projects being developed today becomes clearer

hTTps://markets.ft.com/data/announce/detail?dockey=600-202406031049PR_NEWS_USPRX____LN29673-1

2nd mine looking to reopen with Swiss investment , similar levels of BP at peak, and would only take 3 months to get up and running !

Diamonds - if anything ever comes of

Someone sounds grumpy !

Hope your OK Cyba xx

The reason it was showing up 13% was due to the UT at close of play yesterday at .095p

"This article was printed in October 2023 so hardly newsworthy now"

It's very newsworthy if VAST are going to be a part of the development with such a low mkt cap of £1.75m

Vast updated website

“Vast Resources is focussed on expanding its current production and delivering multiple revenue streams from a pipeline of mining interests. This will be driven by the ramp up of production at the Baita Plai Polymetallic Mine in Romania, the development of the Chiadzwa Community Concession in Zimbabwe and the expansion of the Company’s interests and operations in both Romania and Tajikistan.”

hTTps://www.vastplc.com/

Let's hope there is an RNS at 7 🔔 s

Correct cashers ,added another 28m

Keeps buying does jonesy

Well oil asset sale was due today ...

No RNS?

IPhone

On 30 Aug 2024, at 17:21, xxxxx wrote:



Dear xxxxx

Thank you for your email.

the AIM Rule section is updated regularly in line with the Company’s obligations as a listed company. There has been no change to the wording regarding the Company’s position in Zimbabwe, this will be updated in due course and as dictated by developments described in RNS announcements.

Best regards,

Xxxxx

It’s been a car crash over the years , but that’s due to only having the one producing asset , that has never had the finance to ramp up operations to make a profit

The company has realised that and over the last few years positioned itself to have multiple revenue streams , which gives it a much better investment opportunity

Personally I see it to be attractive for an investor to take a position , the gold we have a option to acquire a further 20%, ramping up to 27k oz gold , 250k silver pa , do the math on that alone at $2500 POG that’s just for four gold mines there’s a further 8/9 to develop plus the tailings

Then there’s the copper, takob plant, diamonds,

So the foundations are there , just needs the finance to develop probably

The Directors believe that the Company’s joint venture on the Chiadzwa Community Concession in the Marange Diamond Fields with a company owned by a local Community Trust can be made to be an exemplar for giving benefit back to the local community.

This information has been disclosed pursuant to Rule 26 of the AIM Rules for Companies.

Last updated: 30 July 2024

hTTp://www.vastplc.com/corporate-social-responsibility/corporate-governance/

To the extent applicable, and to the extent able (given the current size and structure of the Company and the Board), the Company has adopted the Quoted Companies Alliance Corporate Governance Code (the QCA Code).

In light of the Company’s size and nature, and the geographical spread of operations, the Board considers that the current Board is a cost effective and practical method of directing and managing the Company. As the Company’s activities develop in size, nature and scope, the size of the Board and the implementation of additional corporate governance policies and structures will be reviewed.

The QCA Code sets out 10 principles that should be applied. These are listed below together with a short explanation of how the Company applies each of the principles:

PRINCIPLE ONE: BUSINESS MODEL AND STRATEGY

The vision of the Group continues to be to become a mid-tier mining group, one of the largest polymetallic (copper, zinc, silver, and gold) producers in Romania, and a major player in the re-emergence of the mining industry in Tajikistan and in Zimbabwe, where the Group now has a major focus on its diamond interests. The Group is also looking to expand its polymetallic and diamond footprint further afield to complement its Romanian and Zimbabwe strategy, and has recently entered into a joint venture in Tajikistan with a fluorite and galena mine to produce and market non-ferrous concentrate.

In Romania the Group has focused on operating the Baita Plai Polymetallic Mine (“BPPM”) which commenced production in October 2020. The Manaila Polymetallic Mine (“MPM”) has remained on care-and-maintenance during the period and the Company is actively engaged with new investors to support the restart.

In Zimbabwe, the Group continues to focus on concluding the agreement with Zimbabwe Consolidated Diamond Company (Pvt) Ltd (“ZCDC”) regarding the right to mine diamonds for the Company at the community diamond concession.

In Tajikistan, the Group entered into a joint venture in Tajikistan with a fluorite and galena mine to produce and market non-ferrous concentrate and other metals.

In both Romania and Zimbabwe, the Group holds further mining claims or other interests which are under appraisal.

Future expansion in Romania is likely to include very substantial projects which will require large scale finance. In such cases, the strategy of the Board is to bring in external equity and debt finance, possibly from an industry major, so that the Company will retain a minority interest and management without the requirement to contribute substantial funds.

The Directors believe that the Company’s joint venture on the Chiadzwa Community Concession in the Marange Diamond Fields with a company owned by a local Community Trust

Information is there if you look for it