Member Info for Muck165

For me this is all about the direction of travel, and we seem to be at the vanguard.

Yup - seems to be some real traction in the US generating larger contracts. The numbers shouldn’t come as much of a surprise given what we’ve already been told so outlook is what Im looking for. Hoping the US govt shutdown isn’t creating a headwind.

For info

https://www.taiwannews.com.tw/news/6234097

And just another snippet…

There was a business matchmaking event at the British Embassy in Tokyo last week, organised by the Department of Business and Trade.

“We’ve just wrapped up our first-ever business matchmaking event at the British Embassy in Tokyo focused on one of the most critical areas of industrial resilience: rare earths permanent magnets.

This landmark event brought together UK and Japanese businesses to forge partnerships that will help build resilient, secure, and sustainable supply chains - a key priority under the UK’s modern industrial strategy.”

HyProMag are tagged, along with 5 other U.K. companies who participated.

https://www.linkedin.com/posts/caroline-soury_sometimes-you-must-swap-ppe-for-business-ugcPost-7389827550509703168-lDZO?utm_source=share&utm_medium=member_desktop&rcm=ACoAAEuI5eIBooawepY_Ubn_CKcFOzTXAaBN1HA

For info, this conference was held at the end of last week. Seems pretty high level to me, with industry leaders and EU policy makers attending/speaking.

https://passenger-project.eu/project-news/passenger-final-conference/?utm_source=chatgpt.com

Dawes was included as a speaker in a panel session entitled “ EU strategic projects: The way forward”.

First off, I have never used the word fraud. That is your word.

And to repeat, all I am saying is that AP has put out plenty of RNS, all of which will have been agreed by a Nomad, and plenty of which haven’t turned out to be quite true.

I have no problem with you disagreeing with me - that’s what these boards are for. And I could be wrong.

But equally, you should open your eyes and consider you might be too.

What I’m saying, Legalease, is that it’s very dangerous to believe anything AP says.

Well that’s ok then. After all, we’ve not seen any half truths or spin in any other RNS.

To be fair, we’ve known Vast has been in debt default and failed to honour agreed payment plans for a while, on both secured and unsecured debt.

But we are, nonetheless, drowning in that ever rising debt and have only remained afloat because AP has managed to leverage the diamonds to raise capital and, no doubt, give narrative on prospects to the Romanian Courts.. The ability to do both will vanish soon.

Ignoring short term P&D’s, the bet here is simple. Either the diamond sale is a huge success or it’s not. If it is, great -maybe that will truly be the start of a turnaround. If not, it will be a short term sticking plaster hiding a wound for which we have no more plasters.

And in that respect, the narrative in the accounts indicating diamond proceeds alone won’t be enough, the fact AP got his cash out quietly and quickly, general diamond market conditions, political sensitivities surrounding Marange diamonds, the fact £1m of the last raise was used to pay down creditors who haven’t wanted that for years, and the lack of any indicative value from Vast (who I think would be shouting it from rooftops if it was the gazillions some expect), all suggests to me that the auction will prove disappointing. If I’m right, that could threaten the reorganisation approval in Rom and perhaps even the Sinarom licence. Everything could topple like the house of cards Vast seems to be.

Just my views - no doubt others will disagree.

Just a couple of pieces for info.

This is the last Market report I could find (Sept 2025) from TAGS, the Tender House Vast is using.

https://www.transatlanticgemsales.com/news/tags-september-market-amp-tender-report

And here’s an article in the Zim press from a week or so ago, expressing concerns about TAGS and a deal it struck with ZCDC. Don’t know if it has any relevance to Vast…

https://zimetro.co.zw/the-secret-diamond-deal-thats-shaking-zimbabwes-corridors-of-power/

Apologies if these have already been posted.

Seems to me the November tender is the last Hail Mary, as ASI has said. Who knows what will be achieved, although the results suggest Vast don’t think it alone will be enough to cover all debt (by which I assume it means just Alpha and Mercuria and not the significant other unsecured debts in the accounts). And let’s face it,once the diamonds are sold then the placing carrot AP has used so effectively over the last few years will vanish. Equally, there remains the risk the Rom Courts won’t approve the reorganisation plan when they consider it in Q1 26, or that the licence renewal applications made by Sinarom at end of October iro Manaila will be successful.

My bet is

1). First diamond tender won’t be nearly as successful as many hope

2) the reorganisation plan will be approved, but only because Vast Plc is avast Baita biggest Creditor.

3) Sinarom will get the licence renewal.

Nothing per se, except we were told it would be repaid when we finalised funding and could afford it.

Have we finalised funding? Can we afford it?

For info

https://resourcesreview.com.au/projects/lindian-resources-receives-expanded-malawi-mining-licence/

A painful read indeed.

Back in Jan AP lent €500k. We were told “ Vast Resources plc, the AIM-listed mining company, is pleased to announce that, whilst continuing to finalise its various funding options as previously announced, the Company has accepted an interest free, unsecured loan of €500,000 from its Chief Executive Officer, Andrew Prelea, repayable when the Company finalises funding and can afford to do so. The loan will be applied towards the Company’s general working capital requirements.”

The results say “ Current unsecured borrowing consists of: US$704,238 (2024: US$9,359) loans owed to Andrew Prelea, a director of the Company. These loans are interest free and have no fixed terms of repayment. The majority of the loan to Andrew Prelea was repaid by the Company after the year end”.

So he’s made sure he got his money back…

Apologies, just seen it’s been posted already.

For info, from today.

https://www.share-talk.com/mkango-resources-one-of-the-most-compelling-recovery-stories-on-the-small-cap-markets-this-year/

Any G7 closing press conference is at 3pm ET (so 8pm GMT) I think? Not expecting anything until then.

Bit surprised that ABDX hasn’t announced the launch to be honest.

It is actually selling in Germany now though, and the limited reviews so far are all positive

https://www.rossmann.de/de/gesundheit-mertz-pregicheck-schwangerschaftstest-auf-speichelbasis/p/4170000228035?utm_source=chatgpt.com

Also surprised not to see notice of results yet given we’ve been told they’d be published in October.

Speaking as a newbie on here, I’ve taken real value from both Dusty and Manlord contributions. Don’t know what’s gone on between you, but speaking personally it’d be a shame to see either go.

Many thanks!

Forgive what must be an ignorant question I’m sure, but from what I can see EEE is BVI registered with no Oz registered subsids. Would that affect its eligibility at all for govt funding/grants either under existing Oz govt schemes or AUKUS?