Member Info for jamesjohn

SandyShore459... Am I correct in saying you attended the meeting, if so would you be so kind as to confirm what perroverde was saying, in particular about the shipments being completed. Sorry for going on about this, but it was the main reason for the placing last time.

perroverde... Sorry was that last post in response to my question about shipments. ie did the ship sail, and can someone confirm this.
Thank-you.

Did anyone who attended the AGM ask whether or not the shipments in November were completed. This is far more important than some new mine, which could be years away from production.

Please let's just concentrate on getting one mine profitable before we start putting more time and money into another.

My only short-term concern is the fact that they generally confirm the anticipated shipment dates, but they don't seem to confirm that the shipments have been completed. Or am I missing something?

Here we go again!
Have a nice day.

error... September

What we have been told is that breakeven for the mine is approx 8000t/mnth, which we were close to achieving in Septmenber. Going by this we probably will do well, if or when production levels increase more substantially. This is more likely however to occur in Q1 of 2023, but as stated if there is any hint of positive cash flow in Q4 of 2022 then the share price will fly.

Yes with regards to the May deadline, my personal view is they will extend it, but we will need to show they are cash flow positive to get a good solution.

Admittedly the RNS was not the best, but the podcast did give positivity. It appears that AP is learning as he goes a long, but at long last he may know what he is doing, better late than never.
The shipping problem seems to be sorted, now that they have a good stockpile and production is increasing. Also September gave them approx 8000t, which if there are no major hiccups Q4 RNS will sound very good on paper, ie almost 100% increase in production. He also, if I'm not mistaken, said that the mine breaks even at circa 8000t/m. This would suggest that we could be breaking even on the mine very soon, and sometime in Q1 2023 they expect to ramp-up more toward full production, which going on the figures above could make us cash flow positive.
Things moving in the right direction albeit slow. Let's hope there are no more major problems, AP's history doesn't help, but those of us invested, need to hope that this time it comes good.

Yes you are correct, but the way he says it, suggest that we own 12 mil, if you listen from 23 mins onwards.

Am I hearing things or did the interview say we are getting up to £12 mil in shares in evergreen, surely that was an error. I think he meant to say up to £3.8 mil. He mentions the £5 mil in Hastings then 23 minutes into the interview he mentions £12 mil in evergreen, and then adds them up to £17 mil.

Posters have mentioned before, that Vast may struggle to pay their debt by May 23.
I don't believe this will be a problem, as long as we have no major delays.
If we consider they now have new finance, this provider has obviously looked at the plan of new mechanisation and believes that the cash flow will be sufficient. That is one positive that is different to before. Also we may find that we can only pay a partial amount of the debt by next May, in which case the debt provider will no doubt extend the time-line for payment, as is nearly always the case with these stocks. Lastly, if we can continue to show that production is increasing, quarter on quarter, then the options for off-take could increase. This could allow us to re-finance again, ie giving us money up-front, in anticipation of rising demand going forward. It would not surprise me if management were already in discussions for off-take agreements as we speak. As May 23 draws nearer this may well be announced or even sooner.
I admit I am unfamiliar with these types of arrangements but maybe someone with more knowledge, could pass comment.

Come on guy's, please don't start all these high value predictions. Let's not encourage negative comments. Let's stick with more sensible values and hope that we can achieve 2-3p as a first step. We are hopefully on our way at last, but small steps are the best way to go when you are investing.

asimpleinvestor...I did explain lunch time today that the RNS from the 14 June at 14.55 tells you what you wanted to know.
Here is my post from lunch time today.......To be honest you only have to look at yesterdays RNS. It states that Atlas were holding 150 mil shares on the 13 June/22 and had 10% of the share holding. If there was still only 1 bil shares in issue the holding would have been 15%.

However if you want go to sharecast, then search vast resources and you will see a market cap of £9 mil, shares in issue 1.4 bil.
Also go to thisismoney then search vast resources and you will see market cap £9 mil, although the shares in issue are incorrect.
Remember not all the data on these websites are correct all of the time, that's why I suggested you check the RNS from yesterday, as this is more likely to be correct.
Hope that helps.

I could paste a link from another share website which is showing the correct figure for shares issued, but I don't like advertising a competitor, I may get a warning.
Any way I do apologise I have to get back to work. Someone else may do it for you.

To be honest you only have to look at yesterdays RNS. It states that Atlas were holding 150 mil shares on the 13 June/22 and had 10% of the share holding. If there was still only 1 bil shares in issue the holding would have been 15%.

asimpleinvestor... I did try to explain this in my previous post, this website is generally a little slow, however I do like this one the best.

The market cap above is incorrect. The current market cap is circa £9 mil.

Looking again at the RNS from yesterday it appears the placing shares were issued on Monday.