Member Info for GG79

It was always coming... Onwards and (hopefully, finally, better late than never) upwards fellow VASTers.

Hi Sandy,

Not sure you have to explain yourself as, of course, one poster on a bulletin board may not necessarily understand another individual’s decision but decent of you to spell out your thinking... Although you may just be trying to get the price down... or perhaps you’re a market maker playing games????

Ha, lame conspiracy theories aside; share dealing is literally each to their own and you should do whatever feels right for you, as you clearly have. I can empathise to an extent and I think seeing other companies, which have less going on than us but with a strong retail following, shooting up while your cash is tied up in one particular stock only adds to the pain felt when the VAST sp reacts to transformational and long-awaited news as it has this week.

I always tell others to diversify but don’t always follow my own guidance and did feel a little while ago that I had too much of my portfolio in VAST so lightened the load and bought another stock which gained over 200% in the following eight or nine months. Of course I’m now kicking myself that I didn’t sell more VAST and buy more of the other company but I can (just about) handle that.

I just hope you can get back into VAST before we are 1p next Friday... GL right back atcha.

I was just writing a reply to you schmoops but have seen you have found the information in the results. I too was also looking for an explicit "restricted cash" figure as I presumed this would be reported separately from cash and cash equivalents but seems, at least from my understanding, that the cash flow figures net off; i.e. the Financing Activities - Proceeds from loans and borrowings is accounted for in Investing Activities - Payments to acquire property, plant and equipment. (Happy to be corrected if my ****-poor accounting skills have been overly assumptive. For what it's worth (and for those who haven't read the Accounts fully...), the results also state that, "With the award of the Baita Plai association licence we believe we will immediately be able to complete the second $5.5 million tranche of the $9.5 million prepayment offtake agreement with Mercuria Energy Trading SA (‘Mercuria’). This is a milestone for the Group and has enabled us to reduce significantly the sums that we would otherwise have needed to raise through equity." We can only wait and see whether this "belief" is borne out by reality over the next few days.

Don't disagree with your theory perroverde; it's often the way that when the sp of a certain company doesn't act in the way it is expected (hoped) to, the conspiracy theories emerge in force and the internecine squabbling commences/increases. Think a lot of posters on these boards were expecting an instant re-rate or, at the least, a break-out from the trading range we seem to be stuck in once the licence was awarded yet here we are stuck at the same levels and I suppose it's human nature to seek out the reasons for this.

Personally, after years on these boards, it is clear that you can never take everything you read at face value whether from "knowledgeable posters" or not. Ultimately, any information gleaned from bulletin boards should be used as a starting point for one's own research rather than the end but, from the outside looking in, this doesn't always appear to be the case. These boards are what they are and, rightly or wrongly, conspiracies often support individual investor biases; it may be people thinking the price action is solely down to "MM games", that all the 2m/3m sales are the same person or that other posters are speaking with forked tongues and trading in an opposite direction to their posting, etc etc.

With the share count what it currently is, as "lowly PIs" we are unlikely to ever know the full truth so each investor to their own as it is down to their risk profile, time horizon and objectives and what they are comfortable with as an individual investor. Given where VAST has been, where we are now and where we are (hopefully) going, I'm not exactly thrilled with the movement following this week's news but am focused on the longer term. Until it all goes tits up obvs...

From the final results: "$0.504 million are payables conditional on the issue of the Baita Plai sub-licence" which is presumably/hopefully/fingers crossed the final payment. The results also note that: "At the reporting date, of the total amount carried as VAT receivable, $604,961 (RON2,001,770) relates to African Consolidated Resources SRL. The amount is in respect of the VAT paid on the Baita mine’s care and maintenance operations. ANAF, the Romanian revenue authority refuses to accept aforesaid amount as a legitimate VAT receivable as a mining licence is not in place for Baita." Perhaps I'm over-simplifying but, given the VAT refund in respect of BPPM is dependent on the award of the Baita licence, I'd hope a short-term financing arrangement to borrow the c$500k against the VAT refund could/would/should have been achievable? A placing may be quicker and easier from a corporate perspective but, if/when confirmed, still leaves a bit of a sour taste in the mouth given the bullish Proactive interview today and the intra-day Blueberry results followed by the late price action. Oh well, tomorrow is another day and all that.

Go on AP lad: "I am delighted to report further highly encouraging assay results from Blueberry, which continues to progress at an impressive pace ahead of our targeted maiden resource estimate within three months' time. This period will be punctuated with additonal assay results and operational updates as the team on site prepare all of the relevant work flows to enable the application for the exploitation licence at the end of this year. "Hot on the heels of the approval from ANRM for our Baita Plai Association Licence yesterday, we are focussed on rapidly expanding and enhancing our overall production profile in Romania to establish Vast as the leading mid-tier, multi-commodity mining company in the region."

#simplyamazing was the hashtag wasn't it?

Don't disagree DGR. Always useful to look at an individual's posting history for context. These boards are certainly interesting to study investor biases if nowt else...

Jez, Silad asked a question; I responded.   I have my own view but find it utterly pointless getting into a discussion about the merits or otherwise of this RNS for the reasons I noted below.

Hi Silad, Re "bashing" - I wouldn't take everything (or even anything) you read on these boards at face value as there are all manner of folk here with different motivations. There may well be some posters who want to talk an sp down for their own entry point but, equally, there are certain people who ramp away whether simply to take their own position up or for more nefarious purposes. And there are those adults who can't help but continue their little battles across these boards regardless of whether they are invested in one particular company or not. I'd like to think that most reasonable investors are open to listening to all points of view whether it agrees with their thinking or not but, sadly, the nature of the beast on these bulletin boards is to automatically dismiss anyone with an opposing view as a deramper or ramper etc etc.  I would suggest you take all (bullish or bearish) comments with a pinch of salt and don't simply believe the hype even if it sounds great and supports your reasons for investing in a particular company. There are some (a few) genuine posters here who do actually try to assist or guide others but it's largely a mug's game doing so as more often than not people just don't want to hear anything that contradicts their view.  Unfortunately most investors/traders/whatever have to experience the pain of losing money on "sure things" before they learn the lesson fully.  Happens to us all when we are new at this game.   Just do as much research as possible, don't invest more than you can afford to lose and try to read between the lines of RNS releases, particularly on AIM!  

I imagine Schaer may be more focused on his upcoming court case in Singapore on 15th October than MYSQ currently...

Think FaHP's wish was the father of his thought rather than an overly objective, technical analysis of price action...

And stop pumping IDP :-)

Dubbing work growing and "3 times above our expectations for this stage of the financial year" so positive but negativity stems from the apparent disruption by changes to a large over-the-top TV operator's partner programme. This may be "easing" but still seems a little vague; with two major customers contributing 58% of group revenue it seems this led to the sell-off from 27th September.

Often the way with tech/related stocks - PE-busting growth until any hint of bearish news is released which usually precedes an over-done sell off as investors stampede out to take profit and let the dust settle.

May well see a TR-1 or two over the next couple of days as HH/HIM have been (understandably) top-slicing throughout the year.

Either way, I'm back in below £1 and didn't think I'd necessarily get the opportunity so I cannae complain.

Masterstroke seems to have been appointing Mark Mabhudhu in Zim. Just need to break out of this bloody trading range now. Soon. One day.

Maykhimanoffa, agree with taking all market commentary (whether bullish or bearish) with a pinch of salt but just as an FYI the article you refer to is by Cynical Bear not Tom Winnifrith.

He didn't quite say that in such explicit terms. Price was falling to mid 0.4s on 11th but recovered following the interviews. Higher up would obvs have been delightful but I imagine SVS demanded a sufficient discount to the circa 0.6p we were at. Let the placing shares wash through. New base (again). Move onwards. Hopefully upwards.

You've said you'll stop commenting a few times now... I'll believe it when I see it FAHP :)

Was clearly taking place given the price action. Not a terrible price considering the depths we've touched recently.

Was that 16:36 trade there earlier or has it just appeared? If it looks like news and smells like news...

Looks to me like a rollover at 0.555/0.56p based on the reported trades...