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Agree Charlie- It's important to look at the way Wuddina Agreement is structured- need to get that 50% under our belt soon with the drilling campaign in the next few months.

Mrshiba- Yes I do think if there is an IOCG discovery the share price should be in £'s- the reason I think this way is because the company have stated that a IOCG discovery will transform the company overnight into a major mining house. The number shares in issue is 190m and bout 98m outstanding warrant, even if these warrants are exercised we should have round about 300m shares in issue, to my mind £300 m/c for a 75-50% stake in a IOCG discovery is not unreasonable especially in a stable and mining friendly jurisdiction, with BHP and RIO on the doorstep. And there are 5 of these IOCG type targets- in my opinion risk reward is outstanding from the current share price plus.

Richy- agree with your post @10.51 apart from "if there is a hint of IOCG, the price will be in double digits"- I think if IOCG is indicated then indicated then we should be in triple digits immediately and it will keep on accelerating- there are 4-5 IOCG targets- if one is confirmed there will be a expectation on the others and would de-risk further exploration risk.

Volume and price have ticked up in the last half hour or so.

AGM in 2 weeks time , wouldn't surprise me a flurry of news either side of 30th June.

Thanks for the link- hopefully some news in the next week or so. Craig mentioned in webinar decision making has been impacted by covid 19.

Richy- thats an interesting scenario for future funding you speculate on , but i think it's missing 2 important components which can drastically disrupt this picture.
The most important one is the Wuddina Agreement, the stage 1 of this gives us a right to earn in 50% by expending A$2.1m and according to Craig in the webinar about A$1 has been already spent by March and roughly by the time further drilling and analysis is done by Sept/Oct stage one should've been completed. At this juncture we can move onto stage 2 which entails either a joint venture or going to expend further A$1.65m to earn in further 15%.
I think if there is a hint of IOCG type structures we'll be bought out by a major or a joint venture which will be funded separatly(floating on the market). If the results are modest or not clear our focus may turn to Prince Alfred which is our 100% owned asset a quick feasibity study to see if a productive asset could be monetised through joint vehicle may become the preferred strategy.

Agree not much free float hence mm's playing with small trades to release or even filling some orders- I think next week will be very interesting as we draw to close of Q2 and beginning of Q3- drilling programme and time table should be released soonish.

MM's all over the place, couldn't resist got a small top up again.

Very odd the share prices, all over the place.
Next week perhaps the ADI decision and or the remaining stage 3 analysis could point the way for Q3.

Don't need the Au rush, as long as the drill hits the right spot, the sentiment and relatively low no. of shares in circulation will do the trick.

Given time and a bit of luck with IOCG targets am expecting a 500 bagger.

ADI funding decision and drilling programme news in the next couple weeks could provide inflection points.

DanC4- Whilst there are many pitfalls going forward especially for a explorer at a very early stage, I am impressed by the clarity and a responsible style of management and if they can raise funding at higher levels from the previous levels to add value. I however feel that in the next few months if there comes a sniff of IOCG type structures then they will be quickly taken out by a major.

Costa- don't wish to put a downer on GGP, but the difference here is a small MC compared to GGP, they've got 3plus billion shares in issue where-as COB only only 300million (including outs standing warrants if converted) and the potential here is mid boggling, of-course with the proviso of proving up.

5 times GGP if all IOCG targets prove positive.

I think he was referring to finding a ICOG discovery, rather than the approval for ADI funding- which I think in itself could bolster the confidence and speed up the drilling programme, lets hope they get the nod from SA gov.

As long as it's good news. Normally after hours rns's not good.

2.03p is the current buy price- just done a little top up. The next few days/ should see gradual climb in anticipation of drilling commencement in early H2.

Good grief didn't know Cummings and Boris were shareholders in Vast.