Member Info for Morningsun

The RNS looks positive but can any of the resident experts here tell me what the impact of 1 to 4 meters of positive results mean in a full drill? Seems very limited to me. More used to gold and copper results where they show layers of many 10s to 100s of meters.

Thanks for the feedback.

GLA
MS

FAHP, a very reasonable review.

However, AP is the master of his own misfortunes.

As I have said before, he is a deal maker and not (yet) a CEO. However, he plays the role of ceo here. He should realise that his remarks are taken (or maybe were taken) serious and people make investment decisions on what he says.

Maybe a catch 22 situation due to actions of Mercuria and/or Sahara but he has to realise that. When he says T2 soon then it is not months later AND bring in a surprise finance like Bergen (and there were other ways of raising that money as others have already spelled out). To me that indicates that he doesn't know the detail or the workings of the deal with mercuria and that is worrying. We certainly don't know as we have no idea why mercuria is not paying as contraced. Don't you think that is weird? Isn't that market sensitive info? Surely some will know.

It's all about communication and he has to learn fast or get help with it.

Anyway, as I said before, I am holding because I believe in the assets and that they will produce, diamonds or not. We need a profitable company and that is what AP needs to focus on. That is why we bought shares, not because he is a nice guy,can do nice podcasts and can make excuses because of the deals of the past and present. Not interested.

GLA
MS

Carrefour, can you post the link on what you saw on twitter about Mercuria please
Thanks,
MS

Ah well Tiburn, no harm done. But we do have a mysterious core HAD010 now according to HAT ;-))

GLA
MS

Hi PG,
I have stopped predicting the share price as movements typically makes no sense, to me anyway. Up is the only way and very soon as well I trust. Guess we are so close to the weeks it took for had005to come back that no one wants to take the risk of being out, whether over the weekend or coming week.
GLA
MS

PG, there was someone on here as well that said CB had shown them the cores on his laptop. He boosted about a meter of very high copper he had seen.

If an experienced person has seen the cores they should know how to interpret them, similar to what GGP have told us really.

That brings me back to my point of a few weeks ago. GGP were spot on with their assessment of HAD005 before the assays. Why would they get it wrong now?
They have told us the cores looked really good. They may have some of it wrong but I expect on the whole they will be bang on again.

GLA
MS

PG, I like your reasoning, and that is not because it concludes what I prefer to hear. It seems to make sense. Thanks.
As I wrote earlier, I could not conclude from the report whether the Sprott guys had seen the cores of had006 to had009 but you seem to have concluded it for me. Well done.
Looks good, whenever it lands.

GLA
MS

Kewben, I guess you are new to this share.
Deadlines are only relevant if they are actually set AND kept.

For that exact reason AP NEVER gives us a date by which something is done. It is always, shortly and soon. Even though he said in one podcast he never uses the word 'shortly' and then shortly after (pun intended) used that exact word in the same podcast.

Your list is all plans, whether it being B, C, X, Y or Z.
GLA
MS

very funny Apple. Well put ;-)

But cannot sell anything now.
MS

well Pepco, with AP there is always a plan. Hardly ever an execution but always a plan so just keep hoping ;-))

Still holding... (on for deal life)

GLA
MS

well, there is no point in panicking. Down 60% from 3 months ago so what is the point in selling at this point?

It dipped really hard just after the RNS to 0.23 and now sell is back up to 0.27.

MS

Update on US$5.5 million Tranche B Mercuria facility

Vast Resources plc, the AIM listed mining company with operating mines in Romania and Zimbabwe, announces that the US$5.5 million Tranche B Mercuria facility will not be received by today, being the last day of the 30 day period in which Bergen Global Opportunities Fund LP is not able to exercise its conversion rights in respect of the US$1.575 million Convertible Security issued to it pursuant to the US$3 million Bridge Facility announced on 20 December 2018.

The Company continues to expect receipt of the Tranche B Mercuria facility.

What a joke.

GLA
MS

Fully understand VJ your position. It's been an uncomfortable journey with VAST and we have had (and are still getting) a lot of Jam tomorrow.

TBT, indeed, lots of upside. However, as always with Vast, it's all about the delivery. As I have said before, it's really simple what we are doing here. I am completely mystified as to why Vast is making such a mess of things and don't start the story about it's all down to others and we have no control. That's just down to poor management and agreements. Even writing a plan for the BP development isn't something they can deliver to any reasonable timing, (3 months and counting). How hard can it be?

And yes, it's great to have all these opportunities (like the diamonds) but in the end we want to have a profitable company and that starts with converting idle or poor performing assets to profit centres, THAT should be the priority of our BoD. Or, if you can't convert, dispose of them and take the loss.

I believe in the assets we have and I think it will come good hence I stay invested, but it very much seems to be despite of the BoD instead of thanks to the BoD.

GLA
MS

and in case of some shares it has meant years :-/
MS

But what is driving it? Nice action in the last days but cannot link it to anything. Any ideas anyone?
Thanks
MS

Great find PG.

Indeed Tiburn, 10M Oz but that does assume a 1000m extend. As the man says, any bulk mass calculation is moot in these systems AND this is 'only' a 80m radius. However, it does give an indication of what is possible. As did you calculations in earlier posts by the way!

What does not come through clearly though if they have or have not seen the HAD006-HAD009 core samples. It seems to indicate such but does not clearly state. or have I missed it?
Maybe have to read it again.

GLA
MS

is lagging. The crock needs a strong stimulus to help deliver the promised economic improvement from Mugabe days.

Diamonds are the way and VAST is in the mix.

Come on AP, get the official notification of mining rights.

GLA
MS

Exciting times. However, the following confuses:

1: EQTEC plc (AIM: EQT), …. has signed its first equipment purchase contract (!!!) with Phoenix Energy.

2: Phoenix Energy and its client will then review the engineering design in order to determine (!!!!!) the equipment order for the first power plant;

What confuses me is that they have signed the equipment purchase contract, done deal right? End of!
They will start work on the design for the first plant immediately. It will take some 2 months. THEN they will determine the equipment purchase, TOGETHER.... I though it was already bought?

What does that mean? Can Phoenix still opt out of the equipment purchase or do they mean they sign off on the design followed by purchase of the equipment but there is no way out for Phoenix?

Terrible wording in the RNS.
Thanks for enlightening me.

GLA
MS

CB, what Rio brings is money. It takes a lot of resource to develop these kind of projects.
Guess GGP could do it on it's own but I think with a big brother like Rio things could move a lot faster. In the end it's about money to develop the mines now, not in a couple of years.
On top of the sentiment is good now, so we have to make hay when the sun is shining.
GLA
MS