Member Info for Dunk_Biscuit

Https://ukinvestormagazine.co.uk/cleantech-lithium-shares-cant-break-above-60p-despite-positive-updates/

I think rain water will be a continuing problem...I'm worried about the Winter months when it can rain for weeks / months on end . They have to get it sorted a.s.a.p. otherwise it's going to drag on and on through the very wet months to come .

Https://www.investorschronicle.co.uk/ideas/2023/08/24/take-advantage-of-profit-taking-at-this-lithium-stock/

Rick I'm following the plot and it's turning into a farce 🤣

If they don't exist he can blame his legal team .

If they do exist he can blame the Zim government for not playing ball .

So he doesn't need to see them himself , all he needs to do is to persuade institutional investors and the likes of us that they do exist and will be returned.

If I was a CEO of a company which depends so heavily on their existence I would want to see them for myself . Very poor show on the part of AP ! I have written off my investment in Vast .

You should rename yourself UnSmartPunter !

Yes good point well made Euston 👍🙈

I think he was kicked out !

https://giphy.com/clips/tv-television-70s-uSt3SRvjVaIi2vdAUQ

Perhaps the Zim government want Vast to go bust so that there's nobody to give the historic parcel of diamonds to ☺️ (if they actually exist....even AP hasn't seen them with his own eyes and that's very worrying in my book !! ) Zim needs to start demonstrating that their government is open for business and can be trusted. Could something positive happen after the election ? Who knows !

The projects in SA should enable BOD to carry on exploring without additional shares being issued and a couple of projects in Botswana are just needing a JV partner who can provide the funds/capital to get them off the ground (or rather underground ) 😀👍

Yes , by an extra 147,058,823 shares issued at a knock down price of 1.7 p or £0.017 . If this is allowed by the takeover rules . If it's not allowed then an offer would need to be made for the whole number of shares which at the moment total 36,380,000 .

The market cap at the moment is about £3.27 million based on a share price of £o.o9 or 9 pence .

Let's say these extra , approx. 147 million shares were issued tomorrow that would give a grand total of ....

183,438,823 shares .

Now let's multiply that number by the 80% takeover price of 1.7p and you end up with a market cap of £3.1 million . So you see the current market cap of 3.27 million is not far off the market cap. when the new shares are issued . So you can expect the share price to fall from 0.09 p to approximately 0.0178 p to arrive at the same market cap. as it stands today all other things being equal . The new money will only add an extra 1.5 million because the loan to carry the company over (of one million pounds) will need to be repaid . This 1.5 million will only last until the end of September. Then I guess another raise or loan . It's not looking good for anyone holding shares at this price level of 0.09 p !! Please do your own research as this is only my take on the situation as it stands at the moment.

Https://www.theguardian.com/commentisfree/2023/aug/05/apple-nokia-tesla-motor-industry-electric-vehicles-cars?fbclid=IwAR3uSlOoNrcpfFsYQLORk3dXVpzBMmzJpYs16HPEKiXFYgemuVznzUqrtek

This is quite an amusing article. I think the future of any EVs success in the market place will be the efficiency of the battery to a large degree .

As for AMTE it really depends on who the equity investor is . If it's a company like Tesla then that would be fabulous news 😀

Could it be Tesla perhaps ?

https://www.fleetnews.co.uk/news/latest-fleet-news/electric-fleet-news/2023/05/25/tesla-and-jlr-look-to-uk-for-new-gigafactories

Buying 80% of the company at a knock-down price and investing in its future at least gives existing shareholders the chance to share in future developments and profits . It's a far better option than a full takeover IMHO.

This "equity investor" who will own 80% of the issued shares of AMTE and will fund future investment...who can it be ? A car manufacturer perhaps ?

Yes I do for one 😀 Should be imminent as Vast have only a matter of a month or so to monetize them 😀

Good luck folks ! 👍

I would think VAST is now a takeover target with a ten year development time for a new copper mine . There is no substitute for copper even though they are trying......

https://www.mining.com/over-20m-tonnes-of-copper-demand-could-be-destroyed-through-2030/

I think you are spot-on with your analysis sandys 😀

Had a Chinese takeaway last night and with it a fortune cookie 🥠 this is what it said ....

" The secret of VAST riches begins with a single penny"

Whoop , whoop ...it could be a good week next week ! 🤩