Member Info for leemorris

Sand crab what Turner pope placees? I think you mean svs . They will be well clear now

http://www.proactiveinvestors.co.uk/companies/stocktube/9772/vast-resources-reports-record-sales-at-key-mines-in-second-quarter-9772.html

The new PPE will move 5.1 Tonnes per/L upgrade from 3.2 Tonnes per/L, instead of 500 trips to the plant it will be 220 trips. That makes the statement of 3x production a lot clearer and understandable , great work BOD on efficiency improvements and cost reductions. This is all looking very good in my opinion great work AP.

active now

Good post Evil , looking at this extract from the RNS.
""I am delighted with Vast's performance in Q2 2018, which has seen us translate the initiatives undertaken in previous months into a sustainable foundation for production growth moving forward. This is particularly true at Manaila, where as a result of the new off-take agreement with Mercuria and improved performance in the open pit and processing plant, we have achieved record sales realisations in Q2 2018.".
Record sales !!!!!!!! Manailla be producing profits NOW , so with the new PPE giving a X3 productivity Manailla will be an outstanding assets bringing great revenues to vast.
Well done AP and the teams over in Romania and Zimbabwe , outstanding results and congrats on turning vast around into a profitable mining company , with growth potential that will some II now eyeing us up i am sure.
Zargra drill programme will start Q4 2018 potentially the biggest copper mine in Europe, come on whats not to like ...

Pepco using the Russian standard, I think the valuation of picurli zimbrule and Mira negra ( zargre) is about 30 billon . I will need to verify this on Monday but I’m pretty confident it’s around that figure.

http://www.proactiveinvestors.co.uk/companies/stocktube/9730/vast-resources-andrew-prelea-discusses-this-week-s-125mln-raise-9730.html Some significant messages spoken by AP in this podcast listen carefully

Thank You Kingsley , likewise to meet yourself its nice to see investors turn up and take personal interests in the company.

Thank you Bill.

Morning,

Having read all the “conspiracy theory” posts yesterday on the BB about possibility of certain investors knowing a placing was coming and was given preferential treatment.

Let me put this to bed once and for all, “YES” as a long term client of SVS, I was offered shares in the placing, to which I took up a minimal amount and paid the RSP price which is above the .525 placing price.

I was given the opportunity to take up no more or no less than any other individual who has a trading account at SVS as far as I know.

Individuals investors you may find the below statement interesting.

After the GM on Monday once all the votes had been cast and released to the market, I approached every single BOD member as a group and clearly stated to them.

“The timing of this placement is shocking at best, but we are here and the elected BOD needs to inform the market ASAP to let them know if a placing will go ahead or not?

At that point it was clear, some didn’t understand the implications it was having on the SP. So I went on to explain the uncertainty, is killing the SP, and clarity is needed in the market one way or another.

I knew and know, no more than any other investor as to whether a placing was going to happen or not, also I made it quite clear in the above statement to the BOD I was not happy!.

This communication was in front of other investors in vast as well.

That’s my final point on this matter, move on and support AP and Vast resources to develop into the company it can…

It was Barron a couple of weeks ago now its myself and castaway seemingly , well if making efforts and spending over £500 to attend meetings held in public gets you thought of like this then no wonder I’m the only 1 who has attended these for the last 4 years..

Regards Lee

400 million traded today , fantastic

Saratoza fully agree , we wanted a higher placing price but as you say no way would have it traded up with the placing still hanging over us . It’s out the way now let’s support AP to deliver the BP and a whole host of other things . Short term : BP Quarterlies New dumpers etc Possible more assets like Eureka Update on Eureka And all the other stuff that could be happening behind the scenes

Fantasy I don’t disagree on the timing , your quite rite .

What about Eureka , mercuria Prepayment OT funding ? Where does the money come from for DD and Legals etc on these ? Just to name a couple that we already know about , and mercuria is transformational for Vast

Fantasy no one said they are raising for working capital ? I certainly never. Who said they have no cash now ? I certainly never. What I did say who knows what outgoings we have coming up ? There could be some exceptional circumstances where payments need to be paid for what ever reason , Ap has been very active lately as we know along with this comes exceptional payments like legals , DD etc . Again I will say only the bod know this.

Sardy if he does not place soon and the sp keeps dropping until we get news to bounce it back up , what do you propose then if we have no cash ? . Because if no license in 2 weeks the mms will crush this to at least . 45 imho , as gemstar stated we have to play the cards were dealt . AP does not control the market or the Rom Gov , so he has to make sure we are bullet proof with forthcoming news flow . Look at the trading patterns since yesterday , the buying is minimal we need to clear this uncertainty to move forward .

Dodge , how much cash to Vast have in the bank ? You will not know nor do I , it’s only the bod and AP who knows this along with the outgoings. Now if outgoing are more than we have in bank or cash flow coming in what do we do then ? . I don’t disagree with your points but if AP didn’t need to place he wouldn’t , I say this because if he wasn’t going to place I’m sure we will have heard before now .

Your welcome oricle , I just thought some real perspective need putting on this . I get the higher sp placing and believe me that’s what I want , but I can also see us down In the .5 area if action isn’t taken soon . Dammed if you do dammed if you don’t , but if it’s done soon the coast is clear and we don’t have any more things to hold us back .

This drop is caused simply because of u certainty over the possible placing , mm’s will do what suits them and will continue to do so until AP has updated the market on what he plans to do . Ap has made it clear he wants a higher Sp , but because of the I’ll timed rns ( which I believe ap never really wanted ) we have uncertainty . We need to look and understand this logically , they have applied for 400 mill headroom let me play devils advocate and say we place shortly at .50 .55 or .6 this will Be max £2.6 mill and £2 mill min. Now in the grand scheme of things £2.6 or £2 mill for 400 million shares is good , but because of the very poor performance of our PAST C.E.O Rp we now have 5 billion shares in issue so and further is seen negatively by pi’:s . AP has said any moneys raised will be used for growth of the company I.e trucks n dumpers etc , now personally if value is added to the company let’s get this raising done and out the way the market will have certainty then AP can continue to deliver as he has since taking the role of CEO driving the company forward massively .

Guys will you give it up about Barron please , look the guy has closed his position in Vast and i can tell you he has not taken it back up. How do i know this ? simple because he is friend of mine and this was discussed yesterday. I am sure we will be getting news soon enough so we can get back to talking the real points of Vast,GLA