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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
Time for you are your Sharepr@fits chums to close your shorts 777, we all know who you represent, I would rather listen to the CEO than your biased waffle - Goodbye.
Having listened to this recent interview with Karim Nasr (interim CEO) it looks a nigh certainty that a solution will be found and equity will have significant value in due course. It was clear he knew about the cost overrun before this interview. (Comments start at 26 mins)
https://www.youtube.com/watch?v=twt9TBsR9tM
He states, ' the good news is in the case of Horizonte you have really large committed shareholders' comment from 27 mins 56 seconds
Talking about a 40 year mine life 'you bite the bullet and support the company' (28.20)
'We need to build the thing and then we have a pipeline (of production) that goes on for a very long time' (30.18)
'There will be a solution' (30.35)
Another Alan Green podcast on AYM starting from 12 mins. High grades discussed, long lengths of mineralisation, significant zones of copper.
https://www.youtube.com/watch?v=Lvm-FmBLPzc
AP has lost all credibility and I am staggered there has not been a requisition called for his removal, the city grapevine suggested a certain PR outfit refused to interview him again, if so that is damning.
Look at a comment he made in a recent interview, he implied there was more to VAST than the diamonds, almost totally discounting them. The interviewer did not press him on this statement however it is clear VAST is totally dependant on the diamonds to repay the debt, a debt put in place by AB himself.
It strikes me that VAST shareholders are simply subsidising the loss making operation in Romania, a operation where the workforce are happy to withdraw labour at a stroke and cause even further losses. What a farcical situation, AP continues to offer up more jam tomorrow and promote other 'projects' which if they are like anything in Romania will most likely equally fail.
In respect of the 'debt' ask what leverage do the parties have in securing repayment, if they bust VAST they will get no money back via equity, if the seize the 'assets' they would come across many hurdles, political for a start + operations in Romania would be nigh impossible to monetise and/or run as they have no experience in such matters.
If you ask me the whole process about giving the creditors 'comfort' is a smokescreen, AP & Co want ability to issue shares to fund their salaries/lifestyle, he probably knows the creditors have no leverage to get their money back which is why they have been extending the timeline infinitum, in a nutshell they have no choice.
I suspect the motion will be carried but in a way I hope it is not, I believe they need 75% to get approval, the vote could be close, will VAST deliver upside before the meeting one suspects not, probably more weasel words from AP.
DYOR etc
Why tweet this this afternoon ?
https://x.com/vast_resources/status/1761013867063251128?s=20
There is no way the market makers would have allowed a sell of 1m shares above advertised bid, almost certainly a worked buy.
Earlier this week the pathetic small £200/£500 trades that were attacking the bid (all part of a process) took the real bid down below 2.6p that adds weight to the fact the 1m was indeed a worked buy.
The reason the bashers are here is simple, they are working for entities with a financial motive, it is nailed on CNSL will be bid for, probably well below true value, these bashers have conditioned holders into believing a bid of say 4p or 5p a shares would be worthy, not so !
The last broker target price was 12p a share, the last broker comment suggested the Health & Nutrition business was worth £25m/£30m, again around 12p a share.
It is a great shame the company is very poor at PR, in fact non existent, however, if you know where to look you will see the business is well followed and attracting attention across the world.
Bring on the bid I say.