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RDeacs - which camp are you in? :) I view is short (expecting vast to go bust), but not taken a position..
"Make no mistake about it, there are only two camps commenting here.
1. Short or want lower entry.
2. Long and want higher exit.
There are no guardian angels on their keyboards here."
Morning all - morning ramper castle...
hope all is well....
so is BP producing to committed capacity?
Production increasing?
breaking even soon?
if the answer is no, probably begging bowl soon... Dec-23 or Jan-24.. may be consolidation as well?
pump, dump... rinse and repeat..! had been for the last 5 years with AP at the helm? :)
Complexity of the project - Ethiopia - civil war - security - state of emergency - Africa - banks - mining legislation - corrupt ministers... all that are understandable.. The delays we had with BS HAA is not acceptable. Hasn't been clean with his communication - kicking the can down at every opportunity.
If I have an opportunity, i will get rid of HAA as a priority.
Still holding - appears that we are close. (until HAA tells us otherwise of few months delay followed by rainy season)
GL
Here is my ramp for you.. I tried to improvise to help with the ramp.. hope it works for you?
To be fair, vast has never been in a great place..
- last year vast raised funds almost every month, but 2023 had been a complete turn around.. raising only every other month.
- AP doing a great job by offering various interviews to keep everyone happy
- great update on diamonds.. we expected it to be solved in Jan-23.. But we are making good progress
- BP again fabulous progress. We spent most of the money fixing the bridges, firing a mine manager and we are waiting to export more.. BP alone is worth 100x than the diamonds.. how much is the diamonds worth?? well we are not quite sure.. but BP is worth 100x the diamonds..
- finance… we are close to resolving all the problem.. IMF is queuing up to offer all the funds, as BP is important for the whole of Europe’s stability.
- Vast's BP mine just broke even.. we will see a profit soon.. imminent.. (different imminent to BP licence).. Profits from BP will help fund more assets.. we will buy Romania soon... followed by imminent buying of Kaz..
Plenty more to come and lots of news lined up.. buy till your head falls off.. and wait for vast rocket to take off (almost fuelled this time after IMF funding, this is just a start before the profits pour in from BP mine by which time vast can take over the world...) 😀
Firwood - hindsight trader.. welcome back.. yep ramped it in 2018 and before when the sp was at 50p.. sold most of my holding at 40p... I had left some remnants in my trading account, just to remind me of "how not to invest". Have been de-ramping from 40p.. :) Many have benefited from..
I am certainly not a hindsight trader who makes every trader a positive one. :)
"Fantasy’s twitter 2018 ramping this hard and in communication with TW….
Says it all…
Ramping at 50p and damping at .2 lol"
Since then vast has raised over £6m :) and just a few dilution on the way.. current MC is 3-4 times better than what it was before :)
"Gizabigrise price is currently 0.0019 so a drop to 0.0010 is possible. We're at the same level now as just before the February RNS dropped about the diamonds."
Mickey - AP had been relaxed for the last 5 years.. He has taken enough from vast? He has done well to help the share price from 55p to 0.2p, 99% dilution and 99% reduction in share price. He is very relaxed. :)
"Imo all the ducks are lined up for a re rate here in the coming weeks . I liked the RNS yesterday and I’m expecting a BP in profit update along with the diamonds .
Haven’t seen AP so relaxed for a long time in yesterdays interview ."
Laughable of vast and AP... enjoy this.. total placement only in year 2023 - £6.88m and Vast MC - £6.87m. In the meantime, enjoy the latest jam tomorrow deal :)
FY23 placements..
06-Feb-23: £2,382,500
12-Apr-23: £978,967
07-Jul-23: £1,701,000
06-Oct-23: £1,819,350
Total Raised in 2023 so far - £6,881,817
Vast current MC: £6.87m
DBH, AP’s delivery - 98% dilution and 99% reduction in SP from 55p to 0.2p
What AP delivered?
- BP licence
- Mercuria Tranche1
- BP to production (lol, well mediocre so far)
- Probably more to the list people can add, but nothing significant for now
AP lost all the trust from SH - Poor delivery vs promises over the last 5 years
- Where are all the money raised going and what are people working for VAST doing?
- Expanded too fast and too thin. Wasted precious resources on “non-strategic assets” and ran out of cash. No strategic thinking, no risk management and no prudent cash management. Now Ghaghoo?
- $1m raised for diamonds? Where did the money go?
- Money raised for Manaila trucks? Where did the money go or where is the truck?
- Headroom requested for one and used for others
- BP in production within 6 months of licence approval BS. Continued to be a liability – huge de-watering costs which was multiplied by finance delays.
- Mercuria 2 failure and Bergen saga.. All “ON TRACK” BS and eventual failure. We will not convert Bergen BS and Bergen did.
- Finance; we have option a, b, c and d. But couldn’t get any.
- Corporate Finance restructuring to balance books BS. Look at the shambles of current financial position.
- Sold PP at the wrong time, look where the gold price is above $1500 for restructuring finance?
- When finance package was announced in Oct-19, AP said no more dilution in podcast (unless until he gets a lucrative concession etc). VAST did a placement straight after
-Remember the twitter of few videos in Dec-19, apparently China equipment was not needed but VAST using refurbishment equipment (false dawn on restarting mine)
- We are always on cusp of something.. cusp of signing diamond (not VAST’s fault), cusp of arranging finance, cusp of BP production, cusp of turn-around.. for only the cusp to disappear after few weeks.
- Placement, placement, placements…from 50m shares to 3.41b shares. Share price from 55p to 0.38p
- ~99% reduction in share price under his watch..
-Appointing mine and processing manager 6 months after initial start? Doesn’t have a clue how to run a mine..
-Appointed Marcus Brewster as GM in Jan-21 and gone or sacked in Aug-21.
-No raise for opex or capex in May/Jun-21, but raised in Aug-21 for covering Atlas and opex.
- There is more to the list and I am sure people can add
What AP couldn’t do this so far - Finance
- Proper Debt Finance facility: Now that he raised more for further documentations, better deliver debt finance facility (FAILED spectacularly)
Of course there is opportunity with BP mine – copper, gold, silver and molybdenum - good grades which supports the historical data & one of the reasons for me to buy VAST roughly 3 years ago. But if I had been diluted from 50m to 4.34b shares whilst reducing SP by more than 99% (from 55p to 0.2p) – I have every right to be sceptical of VAST’s BOD
Why are they giving away a slice of profits. What VAST or AP needs to give for slice of the profit?
"In the interview AP talks about lithium in Tajikistan. All at no cost to us. We just get a slice of profits. 12 mines for gold and silver with the tail kings on top of that. So that will be 13 mines in total just for gold,silver and platinums"
How many people are working for vast? I call them vast crews?
Usually they appear before the placement.. disappear after the placement... resurface again just before the next placement. Easy signals.. :)
Gordonbennett1 - are you new to Vast? You don't need a specific link to watch vast podcasts or webcasts. If you look at any videos from vast over the last 5 years, it will be same. GAME CHANGING NEWS in the next 3 months. :)
AP’s delivery - 98% dilution and 99% reduction in SP from 55p to 0.2p
What AP delivered?
- BP licence
- Mercuria Tranche1
- BP to production (lol, well mediocre so far)
- Probably more to the list people can add, but nothing significant for now
AP lost all the trust from SH - Poor delivery vs promises over the last 5 years
- Where are all the money raised going and what are people working for VAST doing?
- Expanded too fast and too thin. Wasted precious resources on “non-strategic assets” and ran out of cash. No strategic thinking, no risk management and no prudent cash management. Now Ghaghoo?
- $1m raised for diamonds? Where did the money go?
- Money raised for Manaila trucks? Where did the money go or where is the truck?
- Headroom requested for one and used for others
- BP in production within 6 months of licence approval BS. Continued to be a liability – huge de-watering costs which was multiplied by finance delays.
- Mercuria 2 failure and Bergen saga.. All “ON TRACK” BS and eventual failure. We will not convert Bergen BS and Bergen did.
- Finance; we have option a, b, c and d. But couldn’t get any.
- Corporate Finance restructuring to balance books BS. Look at the shambles of current financial position.
- Sold PP at the wrong time, look where the gold price is above $1500 for restructuring finance?
- When finance package was announced in Oct-19, AP said no more dilution in podcast (unless until he gets a lucrative concession etc). VAST did a placement straight after
-Remember the twitter of few videos in Dec-19, apparently China equipment was not needed but VAST using refurbishment equipment (false dawn on restarting mine)
- We are always on cusp of something.. cusp of signing diamond (not VAST’s fault), cusp of arranging finance, cusp of BP production, cusp of turn-around.. for only the cusp to disappear after few weeks.
- Placement, placement, placements…from 50m shares to 3.41b shares. Share price from 55p to 0.38p
- ~99% reduction in share price under his watch..
-Appointing mine and processing manager 6 months after initial start? Doesn’t have a clue how to run a mine..
-Appointed Marcus Brewster as GM in Jan-21 and gone or sacked in Aug-21.
-No raise for opex or capex in May/Jun-21, but raised in Aug-21 for covering Atlas and opex.
- There is more to the list and I am sure people can add
What AP couldn’t do this so far - Finance
- Proper Debt Finance facility: Now that he raised more for further documentations, better deliver debt finance facility (FAILED spectacularly)
Of course there is opportunity with BP mine – copper, gold, silver and molybdenum - good grades which supports the historical data & one of the reasons for me to buy VAST roughly 3 years ago. But if I had been diluted from 50m to 4.34b shares whilst reducing SP by more than 99% (from 55p to 0.2p) – I have every right to be sceptical of VAST’s BOD