Member Info for MaxHSpringer

It is a gact that I am stating based on my experience

Hi, whats L2 or RSP looking like?

There will obviously be some discount when selling concentrate as opposed to refined ingots! But on that note it would be expected that the price paid per ton will go up or down as the spot price changes!

Pecten- I never said anything was "rosy"! What I did say is that if finance does not come through- there is a plan B.

If the finance werent to be aproved : The company has aprox £5m on hand and as of which it could afford to pay off such could afford to pay off £3.5- £4m of the loan and pay less interest each month but pay towards principle each month.
It would be annoying, and plans made for capital/infrastructure developments in 2021 would have to wait (i.e new shaft).

However, the business would still be cashflow positive and would be able to make payments to clear loan. It will set the business back, but please keep in mind- the business is mining and producing. So, as long as BP ships the quota plus as much over it as possible, we will be ok! Word is "OK", not "Rosy"4
I would definitively love to see the finance go through, but you also have to look at the fact that people are buying this share more than selling at the moment
!

Copper is in demand and will continue to be in demand due to a shift to a green economy along with increased demand by China. I can only think that as commerce and industry ramp up after Covid you would think that demand will probably increase.

At this point I agree, the share price has been over done and the share price was at .16p on no loan being issued.

It takes time and agree that loan commitee isn't an instant decision. On the other hand had VAST not complied with the loan requirements, imo it would not have gotten to final loan commitee. It would have been kicked back before hand/

Eric - the mine has atleast 20-3yeqrs. They did JORC only on aprox 4% of the mine but the mine is huge.

Look no one trust AP! But on the other hand investors rather go on here winged, moan and whine.
If investors don't trust AP, it's simple let's get investors who collectively hold over 5% of the shares and call an egm for the removal of AP!
Yet, no one has organized it and part of the reason is (and I really understand people who are well underwater, but fact is no one has done anything about it).
In life you have choices añd CEO's on AIM get away with things because for the most part investors A) think they will get rich by lunch time, B) don't do research, C) don't know their rights as shareholders and D) don't do anything about BOD's who underperform and CWO"s know that Pi's will not take action if they get ripped off!
What people do not realize is that as a group PI's have a lot of power over BODs and should hold them to account.
Two contrasting examples are VAL and FRR

As far as I am concerned Zaza at FRR has taken the company private after investors got the business to the point of production and cash generation.
At VAL the CEO was deliberately bankrupting the company to buy the assets cheap. A group of investors got together and called an EGN and got rid of CEO. Shares are now about 21p from .06p and that all happened within the space of 12 weeks.

Let's look at it this way! A bank does not want to lend to someone or an entity on an asset that is part owned by someone else.
Think of it as a mortgage. No mortgage company will give you a mortgage on a house also owned. By someone else, will they?
Seriously folks! Let's grow up here and wait. If you're that worried sell!
Everyone here knows that this is a company that has 8nvested in Romania and Zimbobowe, and as such is not your local Halifax!

So, take comfort in the fact that if the long comes through it will make life easier and allow for things at the mine to happen quicker. If no loan, the company has money in the bank and can pay off a large chunk of Atlas , keep some money back for cashflow and to have a cushion, but the second shaft would have to wait until 2022.

If Vast does not get the loan and pays off part of Atlas, it will reduce the monthly payments and allow the Business to pay it off in time.
.it wouldn't be the end of the world it would just delay things! Let's put things in perspective.
I am not a fan of AP but atleast there is a plan B in place if needed!

Totally agree! Regardless of the outcome, the company has the money to pay a good chunk off keep some reserves and it will be affordable.
It may delay some of 2022 plans but the company is viable.

As for credit committe, I can only think that they would want to have a separate conference call amoungst themselves. Assuming this was done on zoom or some other video platform

Vast Resources plc, the AIM-listed mining company, is pleased to announce that the previously announced detailed Term Sheet with the international banking institution (the “Bank”) has now been agreed between the Bank’s executive team and Vast, and submitted for the Bank’s final credit committee approval which is scheduled for 15 December 2020

Fantasy no RNs said approved on the 14th, it said meeting! And drawdown by end of the year!

Don't know who Rob Saunders is but meeting has been rns'd to have taken place - yesterday!
This was rns weeks and weeks ago, so wouldn't have been on the 14th also an insider spouting shyte publicaly- that sounds like bs as well.

Just calm down and we will see were it goes. If it was declined AP would've had to say in rns and he didn't!

Fantasy- seriously mate! As much as I am not a fan of AP! The meeting only took place, yesterday!
We don't know if it was a zoom call with people in multiple locations who need to meet amongst themselves to ensure that all is correct in the file before signing off.
No body said it would be appreciated, yesterday!
I did however say that there would be been a loan manager who coordinates with the company and put the file together. I am sure that they will want a nice bonus this tlyear and it is in their Interest to have the complete file and all boxes ticked prior to meeting.

To be fair, they would take millions of shares off me all day and at no point did it go NT. I am on the most rubbish HL (that goes NT all the time on any share), so that says a lot

Chrish- when there is a sell, there is someone on the other side buying. But it does look like in addition to the 5m &10m sells there are also some chunky buys, which include the 17m and 23m late and after bell!

We will know soon enough and go from there!

I am sure we will know soon enough!

I prefer second option but if it came to it the third isn't. No!

Possibly because you don't want a load of anxious investors calling a lender and possibly killing the deal. It is quite common to have NDA in place.this is especially true if it's syndicated loan

Oscar- I don't get why you bought in the first place? Nothing has changed since this morning!