Investor show feedback25 Apr 2018 11:50
Investor show update:
Having spent most of the day talking to Andrew P, Roy T & Karl K, I must say this is the most harmonious that the Vast B.O.D have ever been. Individually they were all very excited about the direction Vast is now taking under the leadership of AP; there is a clear and decisive direction that Vast is operating within, with roles and measurable responsibilities focusing on driving down overheads and removing muda from the business. Also more importantly is the way that the business is been structured moving forward with alignment of the shareholders, No more dilution , No more disasterous funding deals, and a plan to deliver shareholder value through the accusation of assets like the Eureka mine last Friday. (what an outstanding bit of negotiating by AP on Eureka, Vast will receive 23.7% or a fully diluted stake of 17.5% which will give a net profit to vast of between $9 & $11 million P/A.).
Questions that were asked:
1, The illusive B.P License, Dialogue between the ROM Gov and AP is ongoing with communications on this subject increasing over the past period. AP is confident on delivering the BP license In the short term and I got the feeling we are close to the end of this very long tricky and laborious avenue which we were advised to take in order to obtain the B.P License. (So fingers crossed we will get an update from AP in the coming weeks).
2, Manilla/Carlibabba, As we all know a major pre-strip operation was underway in the first couple of months of 2018 in order to highlight the rich or bodies to Mercuria, this resulted in a stripping ratio of approx 10-1 which a normal stripping ratio of 2-1. This has now lead to some hugh stock piles of ore available to Vast to put through the milling process etc to achieve the required 17% zero penalties, we are also expecting an update on the first shipment to Mercuria shortly which is another major milestone for Vast.
Carlibabba processing Plant, all relevant permits have been applied for with the environmental assessment being the lead time lagger, once this permit has been through all the correct channels and is issued Vast will be pushing through the order and build of the plant. (Remember shareholders this will give an instant minimum 25% increase to Vast bottom line figure).
3, Further accusations in Romania? Vast are always actively seeking new projects in Rom with Brown field and near term producing assets on the Vast Radar. I asked �are we still seeking involvement in the Remin mines which were cherry picked a few years ago?� His response, �yes we are, this has been mentioned in a number of podcasts in the past and we are still actively seeking purchasing new mines to build the portfolio�.
4, Zimbabwe, Has the Appointment of Will Mayberley been a success in Zimbabwe especially with Zim opening its doors for Business?. In my opinion Will has been a great asset to vast, his knowledge and connections in Zim mining are second to
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