Member Info for MU345

Don’t understand why VAST need so much £. With the rising copper cost, the mine should provide circa £12,000,000 in 2021 before costs. Yet we’ve raised another £4,800,000 at an absolute dire share price. To achieve a banking facility to provide more £££. Nevermind the placing of around £2,000,000 which lands most months.

Surely VAST could have continued to produce and sale copper concentrate. £12,000,000 per annum would surely cover costs (minor placings if required - which without this extensive dilution could have been carried out at a much higher SP) and allow for any remaining proceeds to be reinvested.

But this has just been diluted to oblivion. I’ve remained patient. However 3 Placings ago, I remember reading that they were disappointed to have to go to shareholders again for funds and here we are a couple of months later lashing another one out.

Got my sell limit set at break even. If I can escape here shortly that surely would be Christmas miracle.

GLA

Could take the SP from 0.21 in March when the price of copper was $4000/t and we weren’t producing. To 0.13 now the copper price is on the cusp of $8000/t and we’re producing.

That’s quite impressive how they’ve managed to achieve that.

The SP has some work on to get back to something which even begins to resemble fair value.

I’d suggest reading the latest presentation.

If anyone has sold sub 0.30. I really wouldn’t advise checking back in over the coming weeks/months/years.

Copper ripping too.

All risk taken out and sat at multi year lows.

Wonder how many more I can get my hands on at 11:00am.

Happy days!

“Worst case scenario, company goes bust and assets are put up for sale, how much would that raise?”

A copper mine going bust during a copper boom..

RMM have a 100% owned copper mine amongst other facilities in an excellent jurisdiction.

Whilst copper continues to surge on the back of future demand and lack of supply. There’ll be no problem with funding. I cannot imagine anyone who wouldn’t want to invest here, especially given the price.

The short term upside could be fairly explosive imo.

Excellent to see the first sale completed, the copper price continues to rocket. 100% ownership of the asset over recent days, directors taking further shares.

350 - 400 tonnes $7000/t... $2,800,000?

Interesting see when the share price decides to catch up here.

I remember the placing at Rolls Royce. 32.00p. Everyone said the same. As it rallied to 137.00 a week later.

Sit on the sideline and risk missing an obvious bargain. Though I hope it drops to 0.20 and below because I’ll happily take more.

Copper is surging. 2.50% today.

The longer they hold the copper before selling the better for all shareholders.

Yep exactly, I noticed spot charges for processing copper in China had fell to an 8 year low amid a tight supply line.

All the makings of a supply crunch alongside the imminent additional demand.

Just need to load up, sit tight and watch the copper price surge higher.

I hope not I’m waiting on another buy to fill in the .90’s!

I’m prepared to load up sub 0.20 if it comes and I’d love the opportunity. But I’d be very surprised.

Rolls Royce raised 10 shares for every 3 existing at 32.00. Everyone said they’d fall to placing or below and they currently sit over 3x higher at 100.00 and touched 137.00 last week.

And the additional shares are to be held for a minimum of 6 months by institutions in any case.

I’d expect a return to 0.50 over the short/medium term as with the current mcap/ assets and cash itb this is clearly very undervalued. Whilst Copper price continues to gain momentum. $7000/t currently...

At 0.24p they are worth £19.50m with £6.25m cash in the bank and a clean balance sheet.

Yet 8 months ago they were valued at £32.0m with £5.0m of debt.

Everyone loves a bargain. I’d love to buy sub 0.20. But think we need to be realistic.

With the way copper is going 0.50+ is much more likely over the coming months.

One of those shares that could rise 100% and still be cheap if current progress continues.

Don’t know why anyone would sell out sub 0.30. People aren’t going to rob themselves blind.

“The Growing Role of Minerals and Metals for a Low Carbon Future,” points out, we could see a ten-fold rise in demand for metals, including copper, by 2050 as the world moves toward a low carbon energy future.“

“Even that PFS NPV only works as copper is so high right now”

With EV’s & renewable energy due to increase on an exponential scale over the coming years/ decades. Copper is forecasted to far exceed the current $7000/t. Which puts these small cap copper produces in an excellent position for future growth.