Member Info for HawaiifiveO

RNS comment here - suggests it's an opportunity to buy the dip

https://x.com/Oilplayer2009/status/2008461107061813679?s=20

Currently NT on the buy side at advertised offer, they want circa 1.8p for just 50,000 !

HAMA hard to buy in any size at advertised offer this morning, been like this for some days now, looks like something is brewing, news cannot be far away.

The shares were 3.3p a few months ago and 5p in August, the drop has been on very low volume, it would not take much buying to move the price back up therefore.

Bond Investments posted.....

'I emailed VAST before Xmas. Susie replied and said that they've been working on the RTO for many months under strict guidance from the nominated adviser and AIM team. So hopefully the admission document will be published fairly soon'

My comment ...

You can clearly see how corrupt and leaky AIM is based on the revelation above which I believe to be totally genuine.

It is normal for any corporate event to be worked on well in advance of an announcement, in this case several months, the suits have sold short VAST equity which was trading around .30p in October to a low of .09p in late December, the same suits will now hope to close this short in the upcoming placing, of course there will be no reprimand, investigation or penalty for the entities, the only losers are existing VAST shareholders.

Until the Admission Document is published it is impossible to make a decision re voting, however, the value of the remaining diamonds MUST BE included or no-one can make a reasonable decision, if they are not included I would urge readers to vote 'NO' to the deal. The valuation must also be a valid one, it would need to be verified by a reputable industry source.

My view is the proposed deal must also be attractive enough to clearly restore value to shareholders, if the placing is priced too low (.10p/.15p) it will be a no from me, the placing HAS to be pitched in a range post deal workings (.25p/.30p) bear in mind VAST shares traded at an average price circa .35p from April to October.

If AP goes down the low placing price route the vote will fail IMO, one wonders what 8%TR1 holder David Jones will do, he has been buying recently in the .30p's.

No doubt all will be revealed shortly.

DYOR etc.

So much effort to bash bearing in mind none of 'the aliases' hold any shares, sheer panic if the price rises, fear of not getting paid by their masters no doubt.

Lets us look at the bashing agenda

Accounts will not be produced - WRONG

Shares will be suspended - WRONG

AIM's will repossess the mine/assets of Goldstone - WRONG

Poor governance - WRONG (new Non Exec's appointed)

They now move on to the next waffle - anyone selling the lows by taking notice of 'the aliases' have already lost a bounce of circa 50% - more news will come sooner than later IMO.

DYOR etc

HAMA has been mentioned in a number of private groups over the weekend, very hard to buy in real size at current levels also.

News cannot be far away.

Yes the bashers are pathetic, truly pathetic, they are here for a reason make no mistake, in the meantime some entity continues to buy any loose stock that comes onto the market.

I still believe a takeover or merger cannot be ruled out, without doubt a great deal is going on in the background, in the current gold price regime Goldstone is materially and I mean materially undervalued.

DYOR etc.

I have been a supporter here for a long time but my patience is wearing very thin, the continual delays has destroyed investor confidence and one wonders if/when this long awaited payment occurs what will happen to the share price due to apathy towards the company. Had the payment been made on time the market would have been excited and re-rated aggressively as the next steps were eagerly anticipated., the the sage persists and it is not clear what Llyod has planned ahead.

There is currently silence on Rukwa, a side line project now, (we all know what a money pit that has been historically) the plan was to sell the coal fines which, it was suggested, would deliver circa $400k, during the last interview with the CEO I noticed some evasiveness on that, the plan has changed (can they not sell the coal fines?) to making briquettes, but what are the economics of that ? I would like to know why they think it is possible to make Rukwa profitable when all and sundry have failed in the past? I tried to ask this question to Lloyd via X but he never replied.

I had no idea there are closed groups discussing SKA, in the past Brewer was very approachable directly but as time progressed and criticism grew he backed away from communication and in any-case his statements needed to be taken with a massive pinch of salt, worth noting he is paid £125,000 pa as a 'consultant' That said you cannot ignore his prior investment and loans to the company which are over £1.5m currently.

If anyone has a view on the above I would be pleased to hear it, it seems confidence in the private group is building, however, that is not reflected in the market activity in SKA, so far at least.

Online buy limits have been reducing over recent sessions, something is brewing IMO, the shares move quickly in a thin market, if anyone wants in now seems a very good entry point given the stock was trading at circa 3.5p in October.

Tight float continues, just 101m shares issued

Directors hold 25%

Four other holders own 28%

The rise today is just the start.

https://www.investegate.co.uk/announcement/rns/ajax-resources--ajax/holdings-in-the-company-total-voting-rights/9327657

They are asking a premium for just £2,500 of shares currently, just a few left sub 7p

Bodes well.

Looks like Brewer has failed, yet again, to come up with the money, what a fiasco, QvB and JB hold all the cards here being the largest shareholders, he can string this out as long as he wishes, well until the vendors say enough is enough.

JB was posting on X yesterday 'promoting' SKA but nothing on the funding situation.

How embarrassing for Richard Lloyd the relatively new CEO, he will have to present to future investors, if this charade is anything to go by will those investors want to finance the outfit ?

Looks like AJAX is going on another run up, the last one took it to 8.4p on the 11th of this month.

Nearly 1m bought this morning, momentum is building ahead of expected (and potentially material) news-flow in January.

These illiquid and under radar stocks can really motor, the float here is exceptionally tight, many are in it for the 20p+ region which if the right news comes is easily attainable.

DYOR etc

The shrewd are buyers, just as expected the company will be around a long time however I seriously believe some corporate action is imminent, maybe a merger and maybe an outright takeover.

There is a link between Goldstone and another AIM listed gold project developer, I bet no-one can guess who but a tie up between the two would make perfect sense.

The news is just beginning here IMO.

I believe there is much more going on in the background, would not be surprised to see Goldstone being acquired by a third party, another bid looks possible, or at the very least some form of corporate action.

Major news today, clearly the major shareholder and loan provider is onside, that is material, the company was priced to fail. that is not going to happen, let the re-rate begin.

This cannot be far off from a material re-rating, lots of news due in January, you cannot ignore the recent broker coverage with target prices of 25p to circa £1.20p

Better still the company has £2.6m of cash v the current market value of just £5.75m, so no funding concerns.

Some of the high quality miners sell on P/E's of 5 or 6, I would work on that basis, of course the ultimate valuation of VAST post the deal and share issues would also depend on the receipt of monies from the remaining diamonds, if the sale proceeds cover a fair proportion of VAST's debt that would leave significant cash on the balance sheet from the proposed £7.5m placing for example.

The post deal valuation of VAST would also depend on what happens to VAST's other projects in the interim period, there are a number of very significant unknowns which need to be ironed out before investors can take a balanced view of the situation.

I feel sure VAST will put more meat on the bone shortly, what is interesting is insiders clearly had some knowledge of what was going on and the share price was rising ahead of this news, that suggests the market liked the deal but time will tell.

Looking at some numbers on revenue/profit...............

Based on the current mid point guidance on annual project production i.e. 10,800oz of gold, equates to revenues of circa $45m, the silver 90,000oz pa generates a further $5m. (Remember VAST suggest the current production can be ramped up materially)

So say the mine is currently generating $50m pa, VAST receive 49% of that, circa $25m, based on today's commodity prices.

Let us assume the AISC (production cost) is $1850oz for gold, equates to $10m on VAST's 49% share, production cost of silver (usually a by product) £1m, total cost of production (VAST's share) $11m

Based on the above the mine would generate an annual profit on VAST's 49% share of $14m or around £11m

DYOR etc

It will get increasingly harder to buy in any size around current levels, the stock has been taken down from the 1.4p region back in April on relatively low volume, now the market has a whiff of some form of corporate action it will not take much volume to move the price back up.

The gold price has benefitted the likes of Goldstone, not recognised by the wider investment community so far as GRL is under the radar of most market participants, but not for much longer IMO.

DYOR etc.

Funny isn't it, who would listen to any of the resident bashers here when it is obvious what is about to happen, the company will be transformed, the gold price approaches $4,500oz.

One thing, the bashers were predicting doom over at AYM, everyone was going to lose their shirts they said, well the shares rose from .25p to 1.1p in just two days following BOD changes & a financial restructure, the bashers vanished but not before their masters had filled their gills with cheap AYM stock sold by the fearful.

Ignore the bashers they will not apologise when a stock multi-bags !