Member Info for Jackbal

I heard he’s setting up a new business where shareholders are allowed to guess which cup he is hiding the diamond under.

With the nomads lack of discernment he literally can’t lose and gets paid big bucks over and over again at the expense of holders whom he offers zero value in return.

If markets supervisors want a playbook on how to game the market with as many placings as possible whilst offering as little value as possible check this stock out.

Nomad is surely naive or complicit - either doesn’t look or smell good

You must be expecting a debt extension?

Imo Not far off is same as too late to meet Jan 30 obligations .

Genuinely interested how this plays out/how you see it play out. I almost bought in at .08-.09 so I’m not trying to be clever

Hawaii - hope you are well and always read your posts with interest even when we disagree.

Your post suggest clarity has been provided to Nomad but not to market or holders. Why would that clarity be withheld? Genuine Q

Muck I hope he can get another extension for you guys and get diamonds sold.

Re 7.5 million sought, would you invest into this without knowing the approximates on value of remaining diamond parcel and when the cash from sale would land?

Too big an uncertainty for the type of serious investor that can afford these risk sized imo

Have holders been provided an explanation? Muck is correct, dates have not been met to get a placing done in time.

Did seem a bit weird that there was anyone willing to invest 7.5 million for a piece of a company that’s worth 6 million whole.

Also alarming that vast has done so badly as a listed biz yet the private business that Prelea owns part of has done well enough to justify a 50-60 million price tag. I either don’t believe gulf is worth the price tag they are putting on it or Vast was neglected in favour of their private biz…

Hard questions need to be asked of the nomad that enabled over 4 million of fundraising into a heavily indebted company that doesn’t appear to have the ability or will to get the diamonds sold for benefit of holders.

You know what to expect from the nice Romanian chap but the nomad is supposed to ensure communications to market are fair and not misleading.

All the talk of extinguishing debt and diamonds being worth more than market cap seems totally at odds with your situation the business finds itself in.

Since the historic package rns all actions have harmed the share price and in turn the holder.

If they have light to shed on this they need to because it looks bad to the neutral

How does this co avoid default on Jan 30th?

Can’t see how they can get it all sorted this late

Started buying back in today around .95 - 5% discount to placing on offer. Will bet more/leverage more of it keeps drifting down:

It’s still a total gamble without a proper investment case but I see conifer loaded up at 1 so I’ll take chance loading up and under their level…

Good luck gamblers - one or to fold poss from here on sentiment alone now the hypocritical/politicians an like Newland and his slob of a cfo have gone.

New guy has the credentials in my opinion to win back some interest for parsortix.

Good luck anyone else having a go

Shouldn’t the issue be the vast anounts of cash he takes out versus the insultingly small amount he Pye back in? Do the dates matter?

I would suggest the cash bonus he paid himself for selling gold production facility on the eve of a once in a lifetime gold run equates to more cash than he has invested in total at xtr

Almost bought some of these below nom value - glad I didn’t in the end.

Looks dodgy as f@ck - surprised nomad is entertaining it.

So he’s raising 7.5 million so he can buy another of his own shareholding's using shares???

How much of the 7.5 million goes round the houses and into to the Romanians pocket?

The actual LSE (not this site) bemoans negative forum comments yet sees fit to “regulate” this nonsense. A prime example of the virtue signalling hypocrisy that’s killing the economy..

Lse/Regulator take one look at history of VAST then look in the mirror then hang your heads in shame. The nomad is in on this sh@t for fees, what’s lse/aim/regulators excuse?

You forgot one W - winners.

Those that have managed to take a profit today and bought back cheaper already.

Yeah so many options yet they resorted to selling another big chunk of equity at a valuation that they themselves claim is undervalued?

Strange that Martin with his huge conviction that the stock is undervalued, industry experience and city contacts resorted to placing at Lanstead old price with warrants when there are so many other options.

Don’t you find it odd vs all the options?

Why am I being neggy if I’ve just started putting back in?

Because I say it how I see it and if I win a coin flip I don’t need to tell everyone it was rare and brilliant coin.

Whose the real charlatan?

Not do Wiley coyote you never learn anything from the boards.

Can’t he bothered to debate with you.

Lth know they should have sold out on more than one occasion if they are honest with themselves.

Your long term hold stay invested morality is not fit for AIM.

Your not Buffett compounding interest from montroys free cash flow - you are betting on things which are volatile and uninvestable to most..

If you won’t learn at least stop trying to take some sort of mythical moral high ground.

Bought back into this now and will attempt to get an average below this placing price/Lanstead benchmark.

I’m not all neg - getting Rab invested in the top co. Is a big positive for me

If Senegal rns is imminent why didn’t they put it out before a raise to get so up and protect existing holders/lessen dilution?

The following is absurd

He asks fur permission to sell primary assets for 15-18 million. Gets the permission then moves the goalposts.

Wastes money on largely unwanted JV’s which have provided zero value to SP

Then he sells almost 40% of the 15-18 for million 2 million valuing his own business at around half of the 15-18 million cash.

How can you sell equity close to all time low at a discount to cash? That’s not value accretive and was so unnecessary.

Seems almost f@@@@@lent to me - shafted holders well b truly

Last one too - I get hung up on points, as my Mrs says “why do you even care about these things!”

Nominal value is set in stone without a re-Org.

The company requested permission to issue 171k’s worth of nominal so maximum nominal value seems odd terminology

The value is what it is - No min or max. It’s 171k divided by the nominal value

Nominal value is nominal value / it should be an exact number.

If I had a decent size holding I would double check these numbers and contact nomad if I thought they over issued.

If nominal value is .2 (20% of 1p) my maths say over issued.

Can’t find nominal value on company website and can’t be bothered to be bothered anymore!!

My maths prob wrong but imagine if they weren’t!!

That’s me offline now to go and live in real world (not sure what’s worse atm)

I give up!

Gla - fears confirmed.

Back to trying to hit 1p bid.

Genuinely feel for those with higher averages and more time served.

Particularly the less experienced who still take comments from Colin at face value

Tks Billy

So nominal value is not a fifth of a penny - it’s actually a fifth of fifth?

GBP 171,275 at 1p is equal to 17,127,500 shares.

So if you divide 1p by 5 to get to nominal value of 0.2 or multiply 17,127,500 by 5 to adjust its 85 million ish

Hang on a a mo - someone help me with my maths pls.

Xtr got legal permission to issue 171,275 GBP worth of Nominal stock.

171,275 divided by .002 (nominal) is 85 million odd.