Member Info for hugop

Hi Muck, it would be good to know the answer if you get one.

Muck, I can't help I'm afraid, no specific references we made at the AGM as I recall, perhaps drop Susie at St Brides an email, she sometimes replies to my questions.

Muck I have been in VAST for some time, so I was very persistent in my concerns regarding cash and the various promises they had made regarding debt repayments and why after months/years nothing happens. AP wasn’t there; he joined us via Teams from Dubia (interestingly). I guess what made me positive was the steadfast replies I got (from all the board) during the meeting. No real specifics on cash or diamonds I’m afraid, and they put the RTO delays down to sheer complexity (valuations) and the administrative challenges of such a comprehensive document (700 pages+). I specifically asked about Hanes, the Offtake agreements, the diamonds and the infinite patience our creditors seem to have. Given the sensitive nature of where we are, the replies (again)were general, but they made the point that all RNS’s undergo significant vetting, so if an Offtake agreement is mentioned for example, something tangible must exist. Overall, it made me feel the RTO is the final piece of a fairly complex jigsaw of deals, that has been in negotiations for some time. As we all know VAST generally flatter to deceive and I can’t help but think, as we fast approach another deadline, history suggests they still have the capacity to let us all down again, but there was something in their manner, the enthusiasm for the RTO and the opportunity it represented that made me feel more optimistic than I thought I would.

Just my opinion though and as a footnote, I do have the propensity to be optimistic which is probably why I invested in VAST in the first place!

I was one of 3 shareholders who turned up at the recent AGM, I went to get answers about my concerns regarding the company’s cash position and I left feeling unexpectedly positive. There is clearly a lot happening behind the scenes and I genuinely believe the BOD are as frustrated about the rate of progress as us shareholders. The problem is the company’s history is plagued with over promises and under delivery. Clearly there are lots of moving parts to this RTO and generally in the past (with VAST) the more complicated things become the less progress is made. Let’s hope this time things are different, and the next news will indeed be transformational. We certainly need to hear something sooner rather than later.

Current TAGS Diamond auction finishes Friday 1pm Dubai time, 10 am UK Time - Could this be US?

Talk about own sweet time, it's been 3 months since we got this:- "The balance of the higher quality stones will be sold in a phased manner in due course to seek to maximise revenues and the total value of the diamonds for shareholders." surely there must be news by now!

Imagine being in this situation having been delisted! About time we had some sort of update.

Castlepaul13, It seems to me unless we able to produce the admissions document and set the date for the GM (14 days notice required) before the end of February we stand no chance of meeting our debt obligation's by the end of March, I'm assuming the RTO vote will happen and be carried. As usual VAST need to get a wiggle on, I dread to think of the current cash burn and presume the diamond sales once earmarked to pay down the debt will now be used to fund working capital.

If Carlsberg did predictions it would be the Admissions documents before the end of Feb with a GM by mid march.

Hi Muck - this was taken from the RNS 30th Jan rns - The Company also owns the Manaila Polymetallic Mine in Romania, which the Company is looking to bring back into production following a period of care and maintenance. The Company has also been granted the Manaila Carlibaba Extended Exploitation Licence that will allow the Company to re-examine the exploitation of the mineral resources within the larger Manaila Carlibaba licence area.

Is this the license that concerns you?

I suspect the creditors are a little upset that AP help himself to a loan repayment, when he was actually behind them in the queue?

Muck, ref Debt Extension I think everyone has just run out of patience with the BOD

1 day until AGM, 2 days until Backstop deadline!

Muck, are you suggesting they might do a placing whilst suspended, if the Headroom Authority get the green light; and if so do you think this will be coupled with a consolidation?

Gordon, I think you are right about the Ecocene layer, Selan are not going deep enough and they are not Fracking. Be good to read you post when you get time to upload it.

With the current information vacuum, the AGM could hold some significant turbulence for the BOD and its Advisors.

I thought everyone thought we were selling too cheap originally, in fact we shouldn't be selling at all, furthermore we shouldn't delisting. I know we voted for the sale at the recent AGM but that was later when we felt we had no choice. Well now we appear to have got what we wanted originally anyway! Sure Aim is a crazy place, but we knew that, so let's just see how this plays out, it's not as if we are not used to long waits! I know Roland gets a terrible press but I suspect he is working hard for a good outcome. Please be gentle about these comments, i have been here a long time too, just feel not all is lost and the Cambay dream could one day deliver on it's promise.

I think the online voting deadline for the AGM is 1.59pm 9th Feb (Monday). Without the further communications from the BOD of VAST

it appears the company

1. Has defaulted on its loans

2. Has no obvious income streams

3. Can’t seem to sell any further diamonds

But they want us to

a) Vote to keep the BOD in place

b) Provide additional funds too!

Just seems crazy we are here and guessing.

In VAST hands you say, now that's a scary thought they appear have outdone even themselves this time with the total lack of communications. Oh well as you rightly point out it was my choice to press the buy button or should I say anxiety button!

ASI This taken from the RNS "The Company intends to publish an AIM Admission Document in early 2026, which will contain a notice of general meeting at which shareholder approval shall be sought for, inter alia, the Proposed Transaction, following publication of which the Company would seek restoration to trading on AIM of its Ordinary Shares ("Re-Admission", suggest trading will restart once the GM date is announced and admissions is produced. Is that your understanding too?