Member Info for nevergonnaretire

Capstone not accumulating.. more likely dumping with a delayed tr1.. all fantasies here.

Reality = $8million debt to repay at month end.. Will probably be either pushed further down the road towards Xmas or be finally dealt with via debt restructuring or refinancing / jv involving Baita..

As for diamonds, forget them - Vast have all but told people that there is no end date in sight, so see it as a bonus..

Only Baita turning a profit will push this towards 1p now

What of Tajik...?

.. happening, placing or worse..?

.. beginning to look gloomy here..

... wasn't needed as no real new news and was just about bowing to pier pressure when constantly emailed about an update.. let that be a lesson, as all it did was play into the hands of the shorts and doom mongers.

My concern is that the BOD have pretty much zero concern over the share price and its current decline, also if they did then today would never have happened... poor really..

Santiago what are you talking about..? 0.05? Ridiculous...

0.1 was spouted today, and you were very lucky if you bought under 0.2p!

I can only assume you want a lower entry price..I wish you Good luck with that..

"EGTP should have, but neglected to mention, also, was the average global figure of $8349.23 per mt was also based on an average of 36% copper whereas average percentage from concentrate coming from BP is half that figure. The devil is always in the detail."

ASI - if this is true (Ave 36% grade) then I have no idea how Baita broke even in June...? Unless the grades they are producing from June until now are in the high 30s and have gone out the door first..

Exactly joey.. sell off overdone.. although all these investors that are here for diamonds you have been warned before of the zim process.. they will come.. eventually..

Can't buy any.. have tried 5 mins +

Surely No chance!! How many you.want or sell me @0.1p..?

Once again the talk goes to bankruptcy... Doomesdayers out in force.. nothing has changed.. diamonds will come later, probably much later.. its all about Baita now..

Debt will be refinanced, probably with caveats.. then.we move on..

That's why the share price went down to 0.25p.. not much change today imo... wouldn't be surprised if it went blue.. 🤔

This we already know Reg... it's now the 'other' costs- corporate etc that need to be nailed down and we can then have a much truer figure on finances for Vast.. yes Baita is nearing break even month on month, but what of tajik and zim costs, debt servicing, corporate wages etc..

$290,342 gross value of copper concentrate sold in June.

From this, you have to deduct Mercuria's cut plus tolling and refinery fees; but you also have to add gold and silver credits. We do not have values for these. (The working hypothesis has been that they more or less balance out.)

Thanks to Sandyshore for going through this previously:)

This now look like the new reality at Baita.. lower sales volume currently back by higher prices and a lower

Breakeven is obviously a major step forward. But achieving it on a lower budget with inflated spot prices still leaves Vast in no man's land..

The current ramp up.of production would, seemingly, come at an extra cost and what of any sales ramp up to boot..?

Baita would need to be somewhere near the original sales fugires being touted years back to be cash generative on a monthly basis, and this still could be months away from beginning.. which then brings the chance of extra placings into play..

Cautious optimism is a fair stance on this share at the moment..

Reg, I admire your optimism.. I, myself am optimistic longer term for this share but it has to overcome a few obstacles first... namely the debt renegotiation and restructuring to stop the slow demise of the share price..

It is clear the the current BOD are not at all bothered about the current mcap..they may well believe its temporary, who knows, but they are very quiet!

Reg - can you back up your beliefs of Baita being profitable..? Any facts or figures..?

What we were discussing in this group back in July was the costs of production and thus making Vast breaking even in June, and the new realities surrounding this..

What was believed beforehand in regards to monthly costs were (seemingly) a little off the mark, around $900k

A rough break even sales volume of 450 dry tonnes was touted back in the day, but again these figures have proved to be way off the mark..

We need to get closer to much truer figures, so.. prices for copper have shot up in the last few years, and the budget at Baita has much reduced:

June sales (break even month) were highlighted as eing 167 dry tonnes, of this you then have to work out the purities involved to then ascertain a spot price-

That means June sales (167 dry tonnes) probably included:

-- 92 from Q1 at 23% purity

-- 75 from April at 17.6%.

June sales therefore probably consisted of:

-- 92 x 23% = 21.16 pure tonnes equivalent

-- 75 x 17.6% = 13.2 pure tonnes equivalent

= equivalent of 34.36 dry tonnes at 100% pure for sale valuation purposes (average purity being 20.6% on the 167 tonnes).

So, 34.36 dry tonnes x the rough spot price in June ($8450 per tonne) = $

Coxon.. stop it with the hogwash! I've read back your messages,.you've only been here 10 minutes compared to long term holders.. obviously diamond hunting.. Good luck with that.. 2024 if at all..

I have to agree Coxon, a placing is imminent..

Capstone may or may not have sold, but someone is selling.. in chunks..

Is it....? Because the current share price and way it slowly went down PM suggests its a sell.. another 5 million sell.. of which there have been lots of late..

.. one other word of note today, I struggled to accumulate 2 million more over the passage of a few hours.. selling (if I wished..) didn't seem a problem..

Something and nothing with low volume.. and then you get the 1 or 2 x 5 million sells at the end of the day (were they sells..?) - so struggling to accumulate today, could sell 6 million in one hit this morning..

Like I said just tosh really

I think we need to look at the Baita figures again ti remind ourselves how far the mine has come, to the cusp of profitability, all be it for the month of June or July, copper conc grades back on the increase and costs much lower that I first believed, although I am still skeptical about running a mine at such costs with a 'ramp up' of production in the works.. the more you mine, the more it costs in manpower, equipment electricity, diesel etc to mine.. figures please Mr Prelea..