Member Info for Dunk_Biscuit

No news isn't good news but it's better than bad news and there isn't any of that !
GLA... hang on in there folks !!
DYOR

Sorry ..monazite

This is very encouraging news ....

https://phys.org/news/2023-03-viable-superconducting-material-temperature-pressure.html

It is extracted from Mozonite .

Not forgetting Llamara which is at lower altitude so they can quickly work on drilling there all year . That's going to improve the sp if all goes well and I think the results for that will arrive much sooner .
I guess the point I was trying to make is that it's really good that any capital costs can be recovered quickly . Unlike a conventional , underground hard rock mine .
The whole process is quick and relatively easy and so I think that would appeal to any lender . Funding capital expenditure with debt seems to be much more likely and a better option for shareholders.

Exactly !

Yes it's like drilling for oil !

I think there will be a bounce here so have bought back in . It's the quick payback of development costs which is attractive about this whole mining process .
There's bound to be some dilution of the shares in the future but lots of the development costs can be covered by debt which can be quickly paid back due to the relatively easy and quick mining process . Very attractive prospects here !!
DYOR + GLA

https://www.**********.co.uk/articles/andrew-prelea-of-vast-report-on-the-technical-programme-secures-long-term-future-for-baita-plai--97a3c1d

Now is definitely the time to buy , the diamonds should be released from custody shortly just need patients and all should fall into place really nicely .
Anyone still not heard the latest podcast then here it is again.....DYOR

https://www.**********.co.uk/articles/andrew-prelea-of-vast-report-on-the-technical-programme-secures-long-term-future-for-baita-plai--97a3c1d/

That's interesting .... I must admit that I know very little about the world market for industrial diamonds. I would imagine it's not particularly fast moving and could quite easily become saturated. There has to be a limit to the number of diamond drills needed in the World in any one year (as well as other applications) . I shall have to find out more about it !

I'm not talking about the negotiations over the release of the diamonds !
As you say Vast would need the diamonds before any negotiations for the licences could commence.

No new agreements have been announced but they could possibly be negotiating new agreements that's when heads can often roll .

Why was he suspended I wonder ? Could it be to do with favouritism towards Vast due to his previous connections ? It's not good news at all .

Well that RNS went down like a molybdenum balloon !

This has knocked me for six ....I'm now going to have to hold for months on end to recover . Let's hope there is good news from China in the meantime. But if they have been in lockdown then I wonder how much progress they have made .

Thanks , I thought it must be due to a rise in demand rather than a supply issue .
Perhaps when BP becomes profitable they will give more of a breakdown for their output / sales figures.
At least Moly should make a contribution to their top line ...not sure how significant that will be.

I understand your points but it really helps that the the price has risen 100% in such a small time period. It must be more to do with demand rather than the costs of production but the latter I'm sure adds to the hike in price . Moly is used in rocket engines and planes (as an alloy) so I think the increase in demand for the metal is coming from defence spending rather from any other sector of the world economy.
Vast is in the right place at the right time which is very much part of being successful. I'm looking forward to finding out how much moly has been produced in less than a year .

Some old info here on the production set up a BP. I think with a 100% increase in the price since the start of the year this could really effect the valuation of Vast .
https://www.sharecast.com/news/aim-bulletin/vast-resources-to-begin-molybdenum-concentrate-production--10268871.html

Scroll down for info on rocket engines and Molybdenum .Due to high melting point of moly..

https://www.molybdenum-sheet.com/blog/blog-list413.html

Probably used in rocket engines so concerns over world peace will help drive up the price .