Member Info for Jarv55

Christian Schaffalitzky, Executive Chairman of Eurasia commented: "The Directors are delighted to see tangible progress in the development of a broader Eurasia growth strategy, 'Eurasia v.2.0' in the ammonia and hydrogen markets alongside the development of our existing world class Battery Metals and PGM projects. We are confident this will create new opportunities for value creation and expand our Company's business."

Rigger worst advice I have ever seen given on a bb, do not hold into these results, derisk your capital this drill is very high risk high reward. You only have to look at Eme to see what can happen, protect your capital and take half out as the price rises.

Oh dear Kira hope you aren't short.

Excellent appointment I think the sale is close now https://www.japan.gh2events.com/speakers

https://clontarfenergy.com/wp-content/uploads/2022/05/Clontarf-Energy-plc-May-2022-Web-Presentation-.pdf

apologies wrong link https://twitter.com/AnonymousCobra2/status/1526191200956555264?s=20&t=FsqZQJ2yk_RN64lon497uA

At a guess rumours of a sale being bandied around, someone reported the company to the Aim regulators trying to either get the company suspended or force the company to get news out, company is suspended and investigated (gives shorts time to close) dotted line has not been signed yet so company has no new material news, suspension lifted after Aim regulators do their dd. Interesting thread this. https://twitter.com/Ed_Miliband/status/1526645154676875266?s=20&t=FsqZQJ2yk_RN64lon497uA

Patshare decent price this is only going higher just remember to derisk on the way up

Gazprom have waivered their rights to buy the gold so they can sell to a third party and now transferred the debt to a Russian based company, if this is the case why can't pog put cash into a Russian company? What stop them doing that?
The Group has limited cash reserves outside Russia. There are legal restrictions in place in Russia which limit the Group's ability to transfer cash out of Russia. The Board is mindful that an interest payment of approximately US$12.36 million is due on 14 May 2022 in respect of the US$500 million 8.125% guaranteed notes 2022 (the "Notes") issued by Petropavlovsk 2016 Limited (of which US$304 million remains outstanding), and that the Notes are scheduled to mature in November 2022. In the present circumstances the Board considers that it will be very challenging to refinance the Notes. The Company is guarantor of payments on the Notes and on the guaranteed convertible 8.25% bonds due 2024 issued by Petropavlovsk 2010 Limited (the "Bonds").

Worth a read high risk high rewards https://www.westerngas.com.au/sites/default/files/Western%20Gas%20Sasanof%20Technical%20Information%2020210709.pdf

Its governments double standards can't buy gold but can buy oil and gas.

Interesting the date Putin did this https://tass.com/economy/1421741?utm_source=google.com&utm_medium=organic&utm_campaign=google.com&utm_referrer=google.com

They can afford it buts it is locked up in sanctioned subs read the rns Among other reasons, this is as a result of the inability of the Group to extract cash from its Russian subsidiaries in the current environment

13th May The Company remains confident about the finalisation of the legal documentation process for the refinancing of the outstanding bonds currently $4,150,000.
today rns says The funds raised from the Subscription and Placing will be used to settle the balance of debt to Atlas over $4,000,000 and the agreed debt reduction commitment to Mercuria, as well as to cover the costs relating to the Transaction. So Atlas converted another $800k so we should get an rns saying less debt paid off to Atlas.

If I have read the right the placing needs shareholders approval so that can't be flipped, however there is $800k to churn company should of put the conversion rns out first look at what sum they are paying off for Atlas they should do an interview to clear this up.

"Given that this refinancing is such a pivotal development for Vast, particularly when coupled with the various operational developments which are gaining pace at Baita Plai and elsewhere, the management intends to engage with shareholders on a variety of channels over the coming weeks including through a live presentation and Q&A session. More details will be made available over the coming days."

Warrants is interesting
As part of the debt transaction and in lieu of the enhanced security being offered the Company has issued Warrants to both the real estate owner and A&T Investments SARL. The amount issued is $800,000 based on the prior agreement of giving warrants equal to 20% of the debt facility ($4,000,000). The strike price will be set at a 20% premium to the closing share price on Monday 16 May 2022 as referenced by Bloomberg.

ADMISSION DETAILS AND TOTAL VOTING RIGHTS



Subject to Shareholder Approval, application will be made to the London Stock Exchange for 463,332,161 new Ordinary Shares to be admitted to trading on the AIM Market with admission expected to occur on or around 10 June 2022 ('Admission Subject to Shareholder Approval'). The issued New Ordinary Shares will rank pari passu in all respects with existing Ordinary Shares.



Subject to Shareholder Approval, following Admission of the New Ordinary Shares the issued ordinary share capital of Vast will consist of 1,223,844,304 Ordinary Shares. There are no Ordinary Shares held in treasury. 1,223,844,304 represents the total number of voting rights in the Company and may be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change in their interest in, the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

· Various arrangements are being considered to repay Mercuria, notwithstanding this the Company has undertaken to make further debt reductions and if necessary these could be covered by the funds raised from the placing and subscription subject to General Meeting Shareholder Approval.

· The totality of the debt owed to Mercuria will be fully repaid on or before Monday 15 May 2023.

· The Company can repay Mercuria in full ahead of any debt owed by Vast to Alpha.

· The Company will provide a further update when the Parties have executed the new intercreditor agreement.

Vast has agreed a long term equity option in the Company for Mercuria unconnected to the existing debt or repayment thereof.



· Up to £3,250,000 in full or in tranches

· 12 month option

· Can exercise option at a 10% discount to the mid closing price on the previous trading day to exercising the option.

· Control mechanism to take no more than a 20% stake in the Company.

TRANSACTION DETAILS



Alpha has provided an asset backed debt facility with the following terms:



· $4,000,000 asset backed debt with no convertibility

· 12 month term

· 20% interest per annum with ability to repay early at month nine. Interest & principal to be repaid as a Bullet payment at the end of the term on Monday 15 May 2023.



The following security has been granted by the Company in order to facilitate the Transaction:



· Alpha has been granted first lien security over a real estate asset in Bucharest, Romania, in order to provide an enhanced security. Alpha is predominately a real estate driven lender and as this transaction is its first mining transaction, the real estate security component was key. The real estate asset has an independent valuation of €9,199,769.



· An existing shareholder of Vast Resources PLC, who is not a Related party under the AIM Rules, has been granted a first ranking security over Baita Plai in return for allowing the real estate asset owned by him being used as enhanced collateral for the funding to be provided to Vast by Alpha. Alpha has been granted a second ranking security over Baita Plai.



As part of the debt transaction and in lieu of the enhanced security being offered the Company has issued Warrants to both the real estate owner and A&T Investments SARL. The amount issued is $800,000 based on the prior agreement of giving warrants equal to 20% of the debt facility ($4,000,000). The strike price will be set at a 20% premium to the closing share price on Monday 16 May 2022 as referenced by Bloomberg.



The consent of Mercuria was required for the refinancing of Atlas in accordance with the terms of the previous intercreditor agreement between Vast, Mercuria and Atlas. The previous intercreditor agreement will now be superseded by a new intercreditor agreement between Mercuria, Vast and Alpha (together "the Parties"). The Parties have agreed a heads of terms on 12 May 2022 ("Heads of Terms") and have given their best efforts to enter into a binding intercreditor agreement within the next thirty days (or by such later date as may be agreed between the Parties). The Heads of Terms provide that:



· Mercuria and Alpha shall each have its own security package for the debt owed to it by Vast.

· In addition to Mercuria's current individual debt security over the Company's Manaila Polymetallic Mine in Romania, Vast shall grant third ranking security to Mercuria over Baita Plai.

· a cash payment to Mercuria to be made on 16 May 2022 of USD$500,000.

· a further payment by Vast to Mercuria of USD$500,000 will be paid from the proceeds of the Subscription subject to Shareholder Approval at the General Meeting.