Member Info for hoffy71

A Public Report concerning a company’s Exploration Results,
Mineral Resources or Ore Reserves is the responsibility of the
company acting through its Board of Directors. Any such report
must be based on, and fairly reflect the information and
supporting documentation prepared by a Competent Person or
Persons. A company issuing a Public Report shall disclose the
name(s) of the Competent Person or Persons, state whether the
Competent Person is a full-time employee of the company, and,
if not, name the Competent Person’s employer. The report shall
be issued with the written consent of the Competent Person or
Persons as to the form and context in which it appears.

APD, this text from the 2012 JORK document indicates that the person issuing the JORC results can come from the co.

To your second point about the bank, on 23rd November 2020 APs 20% was bought out, if I understand correctly. It is possible that the bank would like to see an updated document reflecting this hence the need for "completion of certain corporate restructuring"

I could be entirely wrong, I am just trying to figure this out myself - these are good questions and I am sure there are a lot more intellegent people on here who have better answers.

The real question for me is, why are the sales details being kept so opaque, why was the sp smashed so badly on the news. It clearly states that there is money in the bank, sales have begun and copper prices are rising. If we get some good news soon then i personally think it was a "mates" top up time.

I cannot defent AP for his past peformance (nor his salary), I guess what I am really trying to say is that I think he is on the right track to get this bank loan. This IMHO could really be the beginning of an increadible run for VAST, the assets we have would start to take care of this - and it is JORCed.

In a way it will take a certain amount od disipline and focus on the boards part to complete this restructure and they will more than likely monitor peformance if granted - something like a big brother, maybe AP needs this.

"the Company has been informed by the international banking institution “the Bank” that the credit committee is unable to proceed with the approval of transaction until the completion of certain corporate restructuring at which point the Bank will reassess the transaction"

So to me (glass half full type) this copied and pasted text from the RNS does not mean "no" get out, close the door behind you and NEVER come back, but a" not at this time, go away complete your corporate restructuring and then come back". Big difference IMHO

Likewise JJ, I am just muddeling through this. These are my thoughts.

Firstly we have a JORC for Baita Plai "Thu, 29th Oct 2020 12:30 Baita Plai JORC Resource & Reserve Report". To my mind this means we have an independant report of Baita Plai's assets, not hearsay from A.P. - it is fact.

We need funds to keep going with our mining until we are profitable. There seems to be a number of ways of doing this. At the moment we have Atlas, from what I understand Atlas = share dilution. Another way is to go to the market to raise funds, again this = share dilution.

The third way (and in my mind the best way) is a loan from the bank, for the following reasons. Firstly there is no share dilution, we get an asset backed loan of X which we have to pay back at X + interest. At the moment interest rates are historically low a big + for us. Secondly as our assets increase in value (the price of copper, silver etc. has and will continue to go up (IMHO)), out financial loan will remain static, this means that as our assets become more valuable our loan will become less and less significant. In short in times when assets are increasing in value the more debt you have the better. If AP can get a bank loan (the bigger the better - as long as it is used in the correct way) and stop the share dilution, get the production working properly (nearly done) and the price of copper keeps going up (huge expected demand) this comapny has one very bright future.

Why will copper prices keep going up (IMHO), well the world is trying, needs to electrify and for this you need copper, lots of it.

DYOR = do your own research (as you are new)

Don't take anyone's word on here, better DYOR.

Very encouraging, I sincerely hope he means what he says, good clip jimb2.

Think mirror.

My thoughts, my opinions. Lets hop the facts of the USA election come out. Going through all the evidence it seems it was the will of the people that Trump serves another 4 years. People have strong feelings about Trump based on what media outlets you listen to, I guess somewhere in the middle is the truth.

****tail = drink

(Physical) Silver is an integral part of the "green revolution" every developed country seems to be pushing for, IMHO silver is THE metal and when industries who need it for production realise how undervalued and short it is there will be a rush to accumumlate it - BOOM. The USA is one of the best juristrictions to be mining in - a good ****tail, like the one I am drinking ATM. GLA

I get a quoate to sell 3 million no problem, just saying...

I don't know FrankieH but she did say her role was to bridge the awkward silences, to keep the board chatting about a multitude of topics. She was always very interested to hear any new input about KDNC from those who really drilled down. In fact if I remember correctly she gave them assignments every now and then. I think sometimes she felt let down by false positivity in the name of humour, maybe one too many false dawns.

(Hopefully) Soon when the sp starts to rise in anticipation of the news we are all hoping for every tom, dick and harry will be on here ramping this co. like it has been their close friend for the old "pump and dump" act.

In my mind this is not FH style, so I for one will not be too suprised to not see FH again (until the dust has settled and we are in a much better place maybe). But I know she will be watching and celebrating with the LTH in her own way (don't neglect the gardening FH). She will be with us in spirit, that you can count on.

https://www.zerohedge.com/medical/tested-positive-covid-19-be-sure-ask-question

MD sounds like a luxury (putting your problems to one side and dealing with them when you are ready), which a lot of people do not have. :(

MMs looking for shares? I hope so....

Another Director share purchase.

"Cadence Minerals PLC - developing Yangibana rare earth project in Western Australia - Executive Director Adrian Fairbourn buys 185,000 shares at GBP0.13, worth GBP24,050, on Thursday last week. Now has 571,005 shares."

What I find interesting about this statement is that it specifically mentions the Yangibana r e project, are they trying to get around the legalaties like this?

A lot of stop losses must have been triggered whilst on the way down to where we find ourselves now, share collecting maybe.

I think demurrage is a cost incurred when there is a delay at a boarder / customs port. It is not exclusively limited to (sea) shipping.