Member Info for nevergonnaretire

Billybob, I did yesterday morning.. the lot.. Will be back in here next day or two.. when below 0.25..

It has died a death again... slow drip down to low 20's before news on Baita and Debt extension or restructuring.

Sandy.. did you have a chance to look into corporate costings..? I know real life is more important.. 😊

Tut... the rns today was the same one as a few weeks ago, and the same as the one before that about extension after extension.. it doesn't say anything more than we are in talks to extend again.. what it doesn't say is if there are any costs involved, and most definitely DOES NOT SAY anything about diamonds being close to coming home..

Today looks like a pump and dump.. I, amongst others have taken advantage of it.. now, the only thing vast look short of at the minute is funds.. I wonder what will happen next..🤔

A snippet from the RNS on 4th July..

Upon attendance at the RBZ, and in consultation with the bank’s internal legal counsel, the Deputy Sheriff agreed that the RBZ would confirm, in writing, the process that would define the procedure for the orderly and secure hand over the parcel to the Company, which includes the procedure for valuation for royalty purposes, export permits and Kimberly Process Certification.

Thereafter, the Company and RBZ will put in place logistics for the removal of the parcel attached by the Deputy Sheriff under the writ of execution.

The Company notes that until the process has been finalised and implemented there is no certainty as to the precise timing for the recovery of the parcel and will update the market as soon as there is a material development in this respect.

No certainty on timing.. so, yes at some point we will receive diamonds but still could conceivably be months off..

The diamonds are imo secondary to Baita..

No RNS on Monday ref debt announcement will probably mean a return to the low 0.2's

With no definite timeline on diamonds it could happen Monday or never.. again, Vast have said that there is no official completion date, but Baita with its ever expanding frontiers could definitely be the jewel in the crown.. expect large uplifts on production and possibly sales, but profits - too early to tell imo..

Too low Topgun.. at least 0.2..

There will be a restructuring of the debt.. obviously would have been better if diamonds arrived but not to be..

Yesterday's rns was dubious at best.. most, if not all knew last week that wages would be rapid from the latest conc payment (late).. this rise is questionable at best, as we speak the price is slowly dropping to below 0.25p..

News, especially Baita news is what will push this north of 1p

.. be careful what you read on this bb.. it will return to quiet boredom next week until news on debt restructuring and Baita production..

This is NOT diamond news, but a build up of liquidity needed for a possible Placing..

FYI- I'm long, very long on this share, but the rubbish on here is unbelievable.

If you are patient, then sub 0.25p will be available.

Placing @ 0.2p...?

Unfortunately this bow looks likely, given that wages monies were wcarce last week until conc payment. Its also odd that Vast would release such an rns almost a week after the original one.. surely there weren't demonstrations or protests at the mine for all that time...?

Exactly Buda.. this is what I'm afraid of.. either Vast are in real trouble now, or.. they just aren't worried over the day to day share price, even when it's this low..

Newsflow to follow soon enough..

I think little or no news this week to maximise the downside of this share as debt payment becomes due.. then a restructuring or pushing back until 2024.

Not sure of gow much upside there will be before year end..

I predict Dec 31st price of 0.25....

.. and what of the corporate costs..?

.. seems to be closing in on parity today.. could we close level.. 🤔

... again 0.1 touted as incoming.. again this was well off the mark..

The problem Vast has (debt restructuring aside..) is the current 'Ramp Up' of operations, such as going from 1 shift pattern to 3 shift pattern, which is, or should be, a large increase in wage costs amongst other overheads required to run these shifts.. it will be interesting to see the copper conc inventory totals at the next update, to see then if Vast are struggling with sales delivery, as I imagine the structure needed (lorries, trains, processing etc) to push through what could be 3x the amounts or more would be huge..

Still can't buy.. unfair really.. give me some please 🙏

Thinking about this in another perspective, it does mean that there is more than one shift rotation, something that was talked about and rns'd months ago, a positive for the production at the mine.. just need to get them into work now..

The spelling might not be right, but if no workers are entering the mine...

Anybody put this in lehmann terms..?

Thank you Buda..I've seen too many diamond chasers come and go on this share, but the real money is in the copper..

The problems are - AP + BOD - they have no concern over current decline or share price as a whole.. OK most shares have ups and downs, but this is different, the news is intermittent and fuzzy at best, and AP has said many times its th emost undervalued.. but then releases an rns like the one a few days back - this in itself should tell a story, that share price or mcap is of no significance to them.. maybe because its believed that the assets will soon speak for themselves, or (more erroneously) that they will just go private and shaft all concerned..

I want or buy another 10million here, but can't bring myself to press the button.. the trend feels like late last year into this year before it popped into life..