focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Re-iterate that the current £4m m/cap is bonkers given the project suite VAST has, compare this to PREM who are sitting at a £80m-£100m m/cap and are in default of a $30m prepayment for Lithium that should have been delivered last June.
The consolidation is a distraction and has been used by bears to trash the share price from the well established trading range of .72p to 1.2p.
What would the market say if VAST refinance the debt and then the Swiss investment bank provide new capital at a premium.
Buy low sell high.
I would not rule out some form of corporate action in the near term, the shares were happily trading in the range of .12p (now .72p) to .20p (now 1.2p) before the GM RNS, the same RNS also stated a Swiss financial institution could provide finance to VAST at a premium to the market price.
It is ridiculous to think the entire company is only valued at £4m , under 2 years ago VAST was valued at £27m + the debt was still in place - no wonder buyers are coming in at these levels.
Looks like Bell is in Kenya and one wonders where else he may be heading
https://x.com/ABell2019/status/1764565703204483476?s=20
I see the SP manipulation remains ongoing, tiny sells occurring to depress sentiment, keep the share price 'within range' whilst some entity continues to hoover up stock with the occasional 250k/500k share purchase, its been going on for a very long time indeed.
The only way to build a material position in a stock like CNSL is over a long time and that IMO, is what is happening, an eventual bid would need to be multiples of the current £6m m/cap to succeed.
The bashers are here for a reason !
In the meantime the company appears to be very busy operationally.
For info.
I note a number of platforms will not let trading occur on the new consolidated shares which may effect volume, it always seems to take a while for some brokers to get their house in order when these corporate actions occur.
I am pretty certain they will be working on new JV's in respect of Cameroon, they still have a large licence holding which needs exploration, it is obvious the country has been under explored with significant gold potential.
Now the last JV has been finalised it is only a matter of time before another deal(s) is/are announced, recent drilling results would have majors/mid caps in a state of frenzy over potentially missing out on a likely world class gold district.
Apart from new JV's in Cameroon there is so much other news be-it from Senegal or the legacy assets, of which the Muratdere royalty comes to mind, possibly being worth £1.5m to £3m.
Not a time to be out despite the market maker shenanigans, note how on Friday nearly all of the (Lanstead?) selling was absorbed with that stock being cobbled up.
Bring on the next news.
Share price action is without doubt a result of Lanstead, once again there will be a swathe of bitter bulls who bought above .40p, the spike was to .57p was only on 22nd January, current offer price is .27p the price has halved in just over 1 month.
I would suggest Lanstead have sold, at least 200m more shares.
I have to say I am surprised it has fallen so far, especially with so much news expected, we all know how quickly to stock can trend reverse of course so lets see.
I guess what shareholders need to consider is if VAST can be valued like they were last January when the market cap hit £30m with the debt. At that time there were 2.8 billion shares in issue.
The current m/cap sits at £3m currently, this should an embarrassment to the BOD and surely hinders the credibility of the company to pursue it's goals. They need to raise it therefore.
Given just about every negative is thrown into the SP at this time, from current levels there surely cannot be much more downside, it would only take one corporate deal to return value from an exceptionally low base.
On AIM stock prices are driven by rumour, speculation and herd sentiment, if not news, disproportionate SP gains have happened before here, it could happen again.
Place your bets on the roulette wheel.
The good news is some of the prospective funding supporters of HZM are also the major shareholders, refer back to the interview with the Interim CEO where he stated 'a solution will be found'
All resolutions passed.
Bashers working on overdrive today, wonder what city firm(s) they represent. Bell has called it spot on, the grubby market making system is rotten to the core as is the bucket shop broking network whose own balance sheets are as threadbare as most junior explorers. The whole thing stinks, this does not apply to just Red Rock either.
It is my firm belief entities (possibly even criminal) have large short positions across the junior space, there are bashers working 24/7 across most bulletin boards, think of these as sweat shop operations, the aim being to destroy value for financial gain. Problem is it is working as investors are leaving the market in droves.
Most of these minnows have lost 90% of value since Q1 2021.
Stockbox interview today
https://www.youtube.com/watch?v=_Tf3lJmZsmw&feature=youtu.be
Can you give a hint as what is going on in the background 'We are taking to a lot of people at the moment'
Would not be surprised to see a JV announced on one of possibly all of the licences soon enough.
Stunning drilling results, potentially world class, let the re-rate begin.
Only circa 80m shares in issue.
For what is worth I believe the shares are poised to go on another upside move based on the technical position (RSI now neutral from overbought + a strong retrace from the 22nd Jan .57p intraday lift)
It is clear Lanstead have been selling, I suspect they have ditched another 200m since late December but will probably now halt for a period, it could even be that they are working with ORR re an orderly market. Expect a TR1 shortly.
News is due across multiple fronts, do not forget that the Muratdere royalty could bring in £1.5m/£2m - all of a sudden their website looks like it is being updated, are they expecting the long awaited EIA, if so ORR could then market that royalty for sale.
Now is not the time to be out IMO.
Unfortunately the reply is not from VAST it is from their PR flunkies who will spin the company line to retain their fees.
In a nutshell AIM BOD's can do as they please unless there is a large shareholder who will block them via a GM requestion, there are two days left for VAST to RNS something positive before the meeting, however if something materially positive was imminent you can bet your last $ it would leak and the SP would not be cratering.
Whilst VAST share price is truly awful the company is not the only sector minnow to be in this position, CEO's are pulling their hair out at the lousy market + the fact it is nigh certain there are (possibly criminal) groups shorting these juniors by way of CFD's and Spread-bets ably supported by market maker shenanigans many of whom run a short book as it costs them less and they can profit easily.
Some may suggest the above is baloney but has anyone noticed how a few modest sells can move a price down disproportionally yet when strong demand for the said stock comes in the market makers shut down online buying in a flash, it is all so obvious.
Anyway, will the diamonds ever come, no never IMO, AP has strung a long line of waffle using all kinds excuses not to tell the full story, has he ever seen them ? It appears even some media outlets are giving him a wide berth according to the grapevine due to potential reputational damage. It will be interesting to see when he appears again and with what outlet, no doubt some will take the VAST £££.
2 more days !
If the ground is gold rich then alluvial gold mining is not that difficult if you know what you are doing, a similar operation to what RRR is planning was set up by XTR in Mozambique where the operator paid the costs for a lions share of the gold, however XTR did receive around $300k a quarter for their % interest.
Who knows what will happen, for sure the price of gold will not be an issue like the lithium exports which might have worked if the price had not plummeted.
From what AB retorted in those X posts it seems this is not the only 'event' that is on the radar so maybe we are entering a news rich period, AB said February would be a transformational month for RRR, we are still waiting !
AB was busy posting last week on X and I noticed someone passed comment on how he could spend so much time during business hours tweeting. Replies below which came Friday evening.
It looks like he is planning a overseas trip.
'Yesterday over 50 significant emails received and dealt with, WhatsApp conversations with 18 parties, various texts, 3 external meetings, internal meetings, innumerable calls, and two documents drafted and circulated for comment. 4 calls stacked up for tomorrow'
https://x.com/ABell2019/status/1761217811853037844?s=20
'Also detailed planning discussions for an overseas trip.....with complicated logistics if we are to have key people there'
https://x.com/ABell2019/status/1761218762580111831?s=20
Sharepr@phets is a wretched shorting site that openly admits to having some of the largest shorting subscribers in the business, they have to work the bulletin boards for financial gain.
777 is one of them, it is obvious, posting night and day bashing away, scaring weak holders into selling, the posts are made to look like they have industry knowledge, but no, it is all smoke and mirrors.
Anyone recall when 777 went long HZM a few months back, was promoting all the positives, you see these entities work their own book.
One thing about Sharepr@phets which is a regular occurrence for their targets, the stock often multi bags once their games stop, one thing for sure the bashing trolls will not come back and apologise to all the weak holders who have sold out on the lows and missed out.
So 777 keep bashing, readers need to listen to the positivity from the CEO, given the low ratio of selling its a sure thing money lays with him as opposed to some bulletin board swing trader.
DYOR etc.
If they are going to 'sweeten' shareholders with some positivity before the GM on Thursday the clock is ticking down, one suspects something will be announced over the next few days.
Tweet today..
Looking forward, #ORR expects to receive the remaining US$450,000 in signature payments by the end of February.
https://x.com/OrioleResources/status/1762040998190780726?s=20