Member Info for mcadder

Yes, that's what we've been led to believe, nothing would surprise me with this company if it turns out something else has been overlooked.
Like the small detail back in 2019 when the project was stated as being 'shovel ready' with all licences and consents in place cough cough

"has all the “Private”.. land been purchased?… no. Wonder who owns some of that critical enabler?… :)"

"I'll take a wild guess and assume it's yourself Consuela re the land lol"

I'll take your silence on that as a yes then ;))

"has all the “Private”.. land been purchased?… no. Wonder who owns some of that critical enabler?… :)"

I'll take a wild guess and assume it's yourself Consuela re the land lol

It would be crap 2Bn shares for long term holders who have seen their holding and wealth decimated to almost dust, unfortunately the only ones that may make some money out of this now are those in at this level

You remind me of one of those jekyll and hyde characters haha - are you sure your invested here or is that your other alternative personality telling you that lol

And another point, someone is clearly buying these shares in volume, maybe we'll find out soon who

Tbf I think the market has fully priced in the potential dilution in it's entirety assuming Atlas convert the lot and no other financing option materialises. That's why even after that 100/1 consolidation the SP has still tanked from 10p to currently 0.29p.
Even at say 1.5Bn shares with the finance paid off if no other option is on the table and a 1p SP, that represents a Mcap of only £15M.
So definitely value down at this level even worst case scenario. However should another non dilutive source of financing materialise in the short term then this does have the potential for being a multi multi bagger from here.

Took a punt yesterday at 0.273p - definitely time to be getting back in here easy double from here

"just took a small position"

Same here merely as a small punt

"Sounds to me that the auditors won't sign off the accounts, due to going concern risk."

I'd agree, that sounds more likely to be the real reason....

This share has become ridiculous, like every single time there is even the slightest rise after the constant steady drop over the last year we get hit with chunky sells every single time. Looking forward to the day when those manipulating this stock get well and truly locked out while trying to play games with the SP!

Fwiw I bought back in here on Mon at 19.92p having previously sold out at 26p a week or so before. Sometimes sitting on hands while out of a share can pay off, and sometimes the opposite can happen but my gut feeling at the time was that a placing was on it's way, partly aided by TW's warnings of such a placing looming. Whatever people think of him, not only was he right but he spent the best part of a week warning everyone.
Putting that to one side now the placing is out the way, this is how I see things panning out here....

1/ Court process concludes Fri - confirmation we have CUDA
2/ Ryder Scott releases 'resource report' in next 2 weeks ( could be a few welcome surprises there )
3/ This sets us off on the path towards RBL for future non dilutive funding and will allow copl to quickly re-finance themselves on better terms.
4/ Watch production suddenly jump right up upon confirmation of CUDA and our 85% W.I meaning we become operator of the whole field ;)))
5/ Ignore the laughing trolls/hyenas here for the next couple of weeks who love nothing more than to take pleasure at winding decent folk up who potentially have their life savings and more invested here - your wallet and your sanity will be much better off if you do!!

Welcome to Vast. The world's largest confetti machine....

JAN 2022 RNS

COPPER POTENTIAL

"At M2 in the Black Mountain claims group, where substantial additional potential is thought to be present, Great Western has already established an Inferred Resource of 4.28 million tonnes at 0.45% Cu and is actively seeking a partner or partners of sufficient size and capability to help expand this copper resource to the next stage."

"The encouraging results of the IP survey at the EM Group in late 2021 represent another strong copper target and should enhance the potential for acquiring industry partners."

GGP went from 0.10p initially to 0.50p, then all the way to over 30p at one point, current SP just over 13p. GWMO could do a similar move SP wise over a period of the next few years if the Copper and Gold assets on their licence areas are materialised.
Company are initially targeting up to 1.5M ounces of gold across the Rockhouse group, Mineral Jackpot (whereby several old mines are believed connected together at MJ) and OMCO where I believe discovery of the gold vein east of Olympic is imminent.
Then there's the potential for rich pickings from the tailings and spoil heaps for which a full commercial plan is being formulated with hopefully soon a resource based estimate of what is there along with potential for non dilutive financing ( such is the confidence of the company about the commercialisation of the sheer size of the heaps/tailings).

So the gold is exciting and potentially game changing - the copper however would really be the icing on the cake. The language used recently by the company shows their confidence in getting an industry leading partner aboard for our copper. Given the current price of copper and long term price projections and high demand for the stuff, our copper asset WILL be snapped up by someone with deep pockets, who will see it as economically recoverable even taking into account the terrain of where our asset lies.
My money would be on someone like Rio Tinto.
Low end estimate of our copper is 15-20Mt 0.45% Cu with high end estimate of up to 200Mt. Based on those estimates it would DEFINITELY be deemed commercial for recovery of copper.

Overall those results looks to show a pretty limited positive impact unless anyone else with more knowledge can definitively say otherwise.
As someone else said on the vela bb :

"there is a measurable benefit but it is small."

As time goes by current cash levels are my only concern here as to whether or not a raise lands and at what price.

"£5mill I thought"

Wow, still that much after all the conversions done to date! Quite possible this will be nearer 2Bn shares by the time they've finished

So how much is left to convert into shares roughly? Serious question?!

What a complete shambles!

How much more debt is left to pay off, is it roughly £5M?? If so, unless they come up with another suitable non dilutive debt finance arrangement then I imagine there will be something in the region of 2 Bn shares by the time it's paid off, or to put that into perspective roughly 200 Bn shares pre consolidation if it's still trading by then!
If that's allowed to happen the utter incompetence and handling of the whole situation by the CEO is staggering. It would simply have been less painful for shareholders if this had just ceased trading and suspended a year ago instead of remaining listed with the SP decimated and diluted to oblivion and done to keep the gravy train of money coming in for management imo