Member Info for MRK2020

Antharry,
I have no doubts that production is imminent. The licenses are all in place, the equipment is in place. The staffing will have been recruited. The funding to start production is in place. Meanwhile there is a monster asset with enviable metal resources (with metal prices at recent highs) ready to go, with buyer lined up for up to 550T (or was it 450?). They will need the assay results for refinancing etc, but in terms of dependencies no I am not worried about a delay to production. At this stage, if there is one it would in my estimation be a short delay..e.g. a matter of days - which in the long run is not of any concern.

Any delay would be notifiable. There has not been one. There have been regular updates. I believe that the final equipment delivery is not critical to starting production. Not long now.

Encourage bod share buys... Any reason they can't? I second the interview suggestion.

I have written to the company to encourage further details about the BP project, in terms of costs, revenues,assay, ramping up plans, etc. With production this month, hopefully this will finally take off given the quality and quantity of the mine resources. GLA

Looks like some big buys moving in ready for next week. I remain steadfastly excited.

Hi Trilla. You did well indeed. That would have been unfortunate timing. I recently bought in on the basis that this looks like the bottom and the future looks incredibly positive. Once the company has news, which I hope they align with some decent marketing, I anticipate a decent rise. Longer term outlook is even better of course.

Brent 43.75... Decent rise today.

Ah Brent price increase... helpful as a little more positive thought needed on this board (easy to say ha). I remain hopeful that a positive RNS next week will provide the boost we need. Increased stable production, profit. hmm...

Thanks Chester
I'd like the company to update on some of their projections in time. I wonder to what extent CV19 has impacted on expansion and sales. Hopefully a short term delay, certainly Europe market is largely up and running again.

Investing is a balance of risks and rewards. Notwithstanding what has come before, this company, at this price is IMO, a strong buy and hold. I'm a researcher by trade. DYOR.People are still questioning start of production. I understand, as until it is producing, it isn't. It is therefore a binary point. I was keen to buy in before production; because the market will IMO recognise the binary change also. With the company using RNS, interview, and tweets to confirm that we remain on course for production this month (which is not contingent on chinese equipment imports) I will keep the faith. Plus at this stage, any small delay is not a major concern in the long. Frankly I am excited. I still wish I'd bought TILS though ha. GLA

The fundraise, as stated in the 22 May circular (see TRX website) would contribute to...:
.. the addition of two sterile packaging clean rooms in the existing facility over a six month period. Once fully
operational, these additional clean rooms are expected to increase the Group’s current BioRinse processing capacity by c.50% and thereby significantly increase the maximum serviceable revenue for the BioRinse product portfolio.
and..
It is envisaged that phase two of the expansion programme will entail a further potential ten clean rooms, in the new facility adjacent to the current manufacturing site, expected to take approximately 12 months to complete. The Company intends to bring this new capacity on stream in a managed process to meet demand. Once fully operational, it is expected that this
completed expansion programme will increase the Company’s revenue generation potential by up to c.$36m per year

Reiterating the long term hold for me here.
All best

I think people need to be reminded that Vast are not merely heading towards production but to profit making. BP is a massive mine with 16 identified ore beds... Of which initial work begins with just 2. with metal prices at recent highs and on upward trends. The slight RNS yesterday merely confirmed further progress towards these transformational points. This period is huge for the company. I look forward to more updates on production, sales, refinancing, assays... All made possible by the progress at this huge asset in a stable jurisdiction. Diamonds too would be a bonus.. A little patience goes a long way on Aim. GLA

Encouraging little update from the company. For those who don't watch, it's a video on the Vast twitter feed showing mine underground and overground track upgrades nr completiin and on schedule and general tidy up work.. The July start is repeated. Very encouraged that they are choosing to communicate this Update.

Agreed a good time to hold (or to join for new investors). It's the 9th of July now, shipment due 13th July so they should update next week. They would need to inspect goods before an update - may take a few days . They must have recruited the workforce already. Surely the update will include a production start date or at least week (it's been the end of July for too long). So, hopefully no delays, but a week here or there should not be a major issue at this stage.
Of course other news re assays et al could come first, so very exciting times and GLA.

there...yes I do like that more also :-)
IMO Patience will be rewarded. I do not understand anyone selling at present. But then what do I know.
GLA

Although the delay is disappointing, don't forget there are assay results from accessible parts of mine for Baita from 15th May if memory serves me correct, which are excellent. These will be the initial mining area. The new assay results are from other deeper areas of mine.

Re figures. In the recent Proactive interview AP says that the buyer would be after at least 400-450T but may hold out for a larger delivery up to 550T. I don't recall grade being an issue mentioned re quantity, merely economy of scale from a larger shipment. This company seems to be saving up a bumper news package for July - it must surely include the assay results. AP talked of these in terms of weeks away rather than days at the end of last month...as Fantasy says, these were expected in June.

A reminder that the AGM is 6th July 11am.
I emailed to confirm details for shareholders, and JA (apparently) confirmed zoom viewing details are as listed in the notice of AGM on the downloads section of the website. I think this means no password required therefore.
https://www.towerresources.co.uk/wp-content/uploads/2020/06/TRP-Notice-of-Annual-General-Meeting-2020-final.pdf
I'll be watching, and taking notes.
MRK

25% spread on this share...no wonder there are no buyers.

Most metal price forecasts I have seen are bullish...(copper supply / ore quality is forecast to diminish). There will be a lot of positive appetite for our assay results/production start et al, so I'm looking to remain positive as a long term holder here. All things considered, these should be exciting times; but as always I respect the views, past experiences, and outlook of others.
https://capital.com/copper-price-forecast-2020
https://cambridgehouse.com/news/8707/how-evs-will-forever-change-the-copper-landscape
but there remains a lot of uncertainty re CV19.