Member Info for EGTP

Yes this is AIM hence the reason very few on here have ever run businesses or got the first clue how they work - hilarious 😂

Does anyone here actually realise that trade suppliers paying their bills late is totally normal - even in boom times 90% pay their bills late - this is the reality of business, that’s why factoring companies exist and prosper who in short immediately pay company invoices once the delivery note is signed and insured for a percentage typically between 0.5 and 5% depending on risk - this is how the majority of businesses grow

I cannot imagine vast will not be entertaining a facility like this going forward now they are established and production has peaked - cash flow is an issue with 90% of business all of the time whether standing still or expanding,, the perfect business world doesn’t exist !

Keep selling and shorting - Strong 💪 sell !

Been able to sell 25 mil above bid last 20 mins - storm in a teacup as IQ157 correctly put it - quite amusing the amount of utterly clueless comments on here making out they understand business and how it should work to suit their agenda - keep selling it down for me

I’m with capstone Strong Sell 😉 major discounted placing coming to somehow clear an £8 mil plus debt that’s why Vast clearly doing everything to pump the SP up ! 🤣

Yes in short it seems they’ve expanded output so fast in the last few months their experiencing the usual growing pains - slow cash flow in from sales, corners getting cut, influx of new workers hence lack of immediate contracts - so brilliant success story but at present a bit chaotic - if you can translate you can get a flavour here

https://m.facebook.com/watch/live/?ref=watch_permalink&v=175130397878048&wtsid=rdr_0OOMwNIcVjfHAajrP

Aye - 42 be better IQ157 - but 24 great too so long as they get back to work soon !

PS - You need to scroll down the article but if you want to translate

'În acest context, un nou protest spontan are loc la Mina Băița, iar angajații refuză să intre în mină la schimbul doi și trei pentru că salariile nu au fost virate'

You have your answer

Three shifts - operating 24 hours

'In this context, a new spontaneous protest takes place at the Baița Mine, and the employees refuse to enter the mine on the second and third shift because the salaries have not been transferred'

https://adevarul.ro/stiri-locale/oradea/protest-spontan-la-mina-baita-minerii-refuza-sa-2301900.html

Apparently its been happening regularly since they started there, so not a new issue, I'd imagine just cash flow from the usual slow payers, as nearly all business suffers nowadays - but clearly production effort well up since last update so I would imagine factoring ought to now be available to them also

Definitely shift work now in progress

'The miners from the second shift are in the yard of the company, refusing to work because the owner of the company still did not keep his promise made at the beginning of the week, namely to transfer wages by Wednesday, September 20'

https://www.bihon.ro/stirile-judetului-bihor/protestele-continua-la-mina-baita-400-de-persoane-refuza-sa-munceasca-4403785/

Yes concur with that Regvarny (love the mystic reg readings btw 😊) the only possible point apart (sling your hook we are too busy) for Mondays RNS was to make it clear the diamonds were no longer pivotal in vasts short to medium term needs (example loan settlements 29th September)

But I felt they’d already made that point pretty clear in the 1st September update that they’d already made firm arrangements to settle the debt with or without the diamonds

Yes absolutely agree Hasiba it’s all about trust - and despite the high probability vast now has (discounting all other assets) a profitable copper mine with substantial longer term upside there’s little trust at the moment

I’d say most of the diamond hunters are now flushed out - so with the right news landing shortly a chunky rise to at least bottom line levels is on the cards

DYOR

As of the 7th September time - was only 0.51% but one might conclude that they clearly saw holding open any longer as a significant risk

Is that a cross ramp for Clon ASI ? I thought you didn’t ramp 🤣

Picking up on your earlier

‘BP update due shortly. Price is dropping nicely. JV on the cards. to sort out debt. Will be buying big later once its bottomed out GLA’

Anyone might think you ‘neglected’ to mention the reason your desperately trying to keep the VAST Sp down - is to buy time for you to get out of your other stock still trading ‘CLON’ that your so deep and underwater with - was it 1% or reaching 2 to 3% you now own - TR1 soon 😉

Ouch 🤣🤦‍♂️Ok I’ll leave you be - GL everyone else !

ASI it seems you are illiterate as well as arrogant

From todays RNS re BPP - ‘The Company is now working on confirming an enlarged exploration target of up to 5.8M tonnes’

Maybe stick to advising folks on your other two great investments LVCG and Clon

I’ve needlessly bitten my tongue and humoured you for quite a while now because the chips on both my shoulders are well balanced, I also don’t need an extension of a certain part on my body

God bless and have a nice day 👍

Yes it was almost like an eff-off and stop bothering us, we’ve got more important fish to fry RNS

I believe investors should focus on the following

Copper Ore Current Price is USD 8349.13 per ton up from USD 7981.84 one year ago.

Average price Growth Rate 6.49%

The now profitable BPP mine potentially has up to 5.8 million tons x $8349.13 = ?

Also worth noting the Chinese have been aggressively buying up lands and commodities all over Romania in the last 5 to 10 years and we know they have a major thirst for Copper

DYOR

This is the part I Love about the now profitable BPP mine

The mine has a JORC compliant Reserve & Resource Report which underpins the initial mine production life of approximately 3-4 years with an in-situ total mineral resource of 15,695 tonnes copper equivalent with a further 1.8M-3M tonnes exploration target.

The Company is now working on confirming an enlarged exploration target of up to 5.8M tonnes !

Looks like Gsa Capital Partners Llp opened a 0.51% short on vast 7th Sep 2023 - so that will account for the large trades and slow walk down on little volume over the last few days

Up to you lovely folks to decide whether a £1 bil company with a 0.5% short has better insight / inside info than the 7.2% holding the £11 bil capstone currently have

DYOR

Yes waste of time - if they needed the SP to go up to get a placing away they would be ramping and podcasting it to the stars as all AIM’s do

IMO it’s all quiet because there’s big news to come, which in VAST case is common with the last 2 massive spikes

DYOR

Nice one ASI that’s me guilty of not thoughtfully DYOR attention to detail (Ive eaten eat my words) !

Always wondered why a prolific £11 billion company would have offices in Zim - yes exactly the bigger picture as steward1 point

Either way balance of probability suggests they’ll be insiders, as firstly had to be well informed to take such a risky punt buying up the 55p placing, and secondly they’ve only taken stock during placings which may explain why they haven't averaged down outwith placings, another TR1 now would suggest to me that they just retail punters like us

Good weekend everyone ! 😊

Exactly Steward1 - It’s obvious the current lenders are very amicable patient and trusting that’s why they’ve been so relaxed about extending payment deadlines - so if VAST didn’t have a firm method to settle this - why were they so pleased to set a payment deadline for September 26th ?

Yes there’s always going to raises at some point, that’s the whole purpose of every stock market listing !

DYOR

Theres NO possibility VAST will be intending / wishing to settle the outstanding £8 million debt with a placing.

Why ? There simply isn’t enough headroom to do so unless the SP was substantially higher - example 0.8 plus

The debt will be settled either by refinancing with existing lenders - commercial financing due to the £200 million valued BPP copper mine now operating profitably - or by the much desired release of the £15 million valued Zimbabwe diamonds. Capstone have offices in Zimbabwe, so they will be in the know and IMO insiders

Vast current mkt cap £9 million DYOR don’t listen to idiots

7 Aug 2023 07:00

Company Update

Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining

7 August 2023

Vast Resources plc(‘Vast’ or the ‘Company’)

Company Update

Vast Resources plc, the AIM-listed mining company, is pleased to announce an update in relation to the Asset Backed Debt facility from A&T Investments SARL (“Alpha”) as announced on 16 May 2022, the debt owed to Mercuria Energy Trading SA (“Mercuria”) relating to Tranche A of the Prepayment Agreement announced on 21 March 2018.

As announced on the 16 May 2022, the totality of the debt owed to Mercuria and Alpha was due to be repaid on or before 30 June 2023. The Company is currently concluding documentation regarding an extension to 29 September 2023 that will allow further time to finalise the settlement of its historic claims outlined in previous announcements.

1 Sep 2023 10:00

Update on Debt Funding

Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining

1 September 2023

Vast Resources plc(‘Vast’ or the ‘Company’)

Update on Debt Funding

Vast Resources plc, the AIM-listed mining company, is pleased to announce an update in relation to the Asset Backed Debt facility from A&T Investments SARL (“Alpha”) as announced on 16 May 2022 and the debt owed to Mercuria Energy Trading SA (“Mercuria”) relating to Tranche A of the Prepayment Agreement announced on 21 March 2018.

Further to the announcement made on the 7 August 2023 the Company has now concluded the legal documentation regarding the extension to 29 September 2023.

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So the latest official information we have regarding the diamonds is -

‘that will allow further time to finalise the settlement of its historic claims outlined in previous announcements’

If this situation had changed we should have been told this in the 1st September update – so logic says they must now at least have a back up plan to settle this debt

DYOR