Member Info for mizman

Andrew has given up big money personally inorder to bring BP to VAST and take on the CEO role. Let's take a look.

- As part of taking on the CEO role Andrew gave up a 7.5mil royalty the Romanian assets and reduced from 15% to 10% on all other Romanian assets.

- And as noted in the March 2018 RNS he forfeited those rights mentioned above and committed to exchanging the APMG shares and all interests in to Vast once a valuation could be established.

- Most of his shares were bought at 1.44p, 1.2p and 0.65p. That's, 18mil bought at average 1.25p, 10mil at 0.65p, 10mil at 0.4 and the rest between 0.15-0.25p.

- His family have personally bought 60mil shares at 0.65p

With regards to that gutter rag from 2012. Andrew has already sued them. This has also been investigated by AIM, Mercuria, Atlas, brokers, nomad and found these alligations to be groundless and false.

The actual facts are Andrew borrowed 13mil and it was paid in full on completion of the project.

So Andrew, is a CEO with integrity and a lot of skin in the game to make BP and VAST a great success.

Redknight,

Another one who doesn't read the RNS. You were updated on finance recently :

12 October 2020

Vast Resources plc(“Vast” or the “Company”)

Progress on asset backed debt financing

Well that's the point of the refinance. Do you not read the RNS or are you fully aware and what you post is very deliberate?

You are very transparent.

Taken from the 31dt Jan RNA. Income will not be used to pay debt:

Vast Resources plc, the AIM-listed mining company, is pleased to announce that the Tranche 1
drawdown process of the Atlas Capital Markets Ltd adjoined with Atlas Special Opportunities LLC
(jointly “Atlas”) facility under the Bond Issue Deed announced on 24 October 2019 has been
completed and that confirmation of payment has now been received.
The par value of the Bond is US$7,101,947 providing net cash proceeds before costs of
US$6,391,752.
As part of the transaction, the Company has executed a tripartite intercreditor agreement (“ICA”)
with Mercuria Energy Trading SA (“Mercuria”) and Atlas.
The main terms of the ICA are as follows:
Upon completion of the Conditions Precedent (CP’s), Mercuria will agree to a standstill period
for the duration of the Atlas facility subject to certain terms and conditions

Don't forget the mega JORC, due within days.

VAST, is only heading one way and that's becoming a mid tier miner. 250m market capital.

It will look even better when the JORC drops.

I think VAST, delivering enhanced JORC and first concentrate sale over the next few days, is a non covid share to have some exposure in. Currently around. 19p, will bag.

Fingers crossed for Friday JORC, followed by sales the week after. Could see spike to 0.4 and then settling around 0.3.

Buy now or pay more next week.

Government is pretty useless. Should have put money into the British Diagnostics industry, to enable mass production months back.

We will get there eventually.

Just being Conservative. Don't won't to be accused of ramping.

Locomotive doesn't go very fast, so minimal risk. Mining is underground, well above freezing. Look back at the production plan. Its a steady ramp up, in November /December.

JORC and first sale confirmation, within days, will take SP into 0.3p territory. Finance in December will be the next level up to 0.5p.

JORC is imminent. Don't forget, this is only for the current area we are mining for the next 2-3 years. its actually in addition to the existing 1.8mil tons.

The market will be impressed

Was all potential good news priced in NCYT, at £1?

I think not. I'm looking forward to £2+.

Not the one I was anticipating. However MOU has been signed. Abingdon have the contract and we know we are making a minimum of 25% of that.

There will be an RNS today or tomorrow.

Wouldn't be surprised. Remember MOU ha

Matt rampit :)

That was a reply from yesterday before today's great find of £75m order by Jadam.

I will say, if we can make 2.5m a week, government will buy them.

Full yer boots.

Sales outside of the UK Government (i.e. to third party customers) are permitted … if allowed. The UK-RTC was set up to satisfy UK Government demand so they have to ensure they do this first before making the test available to third parties.

The order for 1m tests is an initial order – which in itself implies further potential orders, so you can’t necessarily assume that there is therefore spare capacity to sell privately.

Typical traders, spread fear.

Focus on the 10m materials order from the government. Sadly there will be some poor Pi who will lose out when Omega are producing And selling 2.5m tests per week.

What will the SP be then. £2+ easily.

Colin, will have hard numbers before presentation and we could have more government orders, MHRA approval or non covid news announced.

I want my Christmas present that Colin promised early.