Member Info for nevergonnaretire

Works out at about 17.5million shares short.. I have close to this myself now, as I've both traded and added from 0.5 downwards.. I was questioning late last year if I was doing the right thing but Vast came good.. Will it come good again, its all about the debt call now, I don't believe diamonds will be here anytime soon, so why only the small extension..? This was either all that the creditors wanted to give, or (and this is a much rosier option..) all that AP needs to prove profitability at Baita..

If the next set of figures are not all we hoped for, then the cash call will erode this price to below what it was when it began its rise at the start of the year.. and even then, the bleeding won't stop until the debt is restructured.

This debt restructuring will happen imo, but at what cost to Vast..? The companies assets are worth monumentally more than the current mcap, but we are here because most think that Vast will both a) not get diamonds at all, and b)are on a dangerous death spiral because of its current debt.

Current debt almost = current mcap - ridiculous if you look at it like this, and let's face it $8 million although a drag on Vast, is by far not the biggest debt I've seen in companies, especially minecos. it's relatively small.

The share price has eroded very quickly in a short space of time.. it still would suggest a placing, perhaps with news on top..or, another concern would be that Baita has been closed or partially closed for a period of time due to investigations into the fatality (should be rns'd??) and others have got wind of this because then there is no chance of both Nameplate or profitability this year..

The board have been very quiet.. I hope the next news is good..

And it will be walked lower until news.. 0.2 incoming.. back to where we were at the start of the year..

The debt needs to be dealt with before this reverses the trend

Still 3 weeks or 15 trading days until end of month... where are we going..

0.2 or 0.4..?

I fear 0.2, but also think way oversold...

... surely now its time to realise that the next placing is happening or has happened and will be announced imminently..

I'm long on this share, but not stupid and realise that Vast will need funds to push on until positive news release..

The 2 sells today, tell the story on a now low volume share..

Let's hope so IQ.. this has been swing traded to death lately

..?

Baita will not get shut down.. its under a different subsidiary to Vast co.. so will likely just change hands and continue with shareholders left with nothing in that case..

But this imo is very unlikely, should Baita begin to show a profit.

Tajik is bewildering as any permit issues should have been foreseen..

Time would seemingly be running short.. beware of the spike!

Alternatively they sell Baita (unlikely as APs jewel in the crown), having proven up the resource and providing cash reserves, to another mine co. with Mercurias approval... for £100 million 😄 enough to pay down debt,.open Manaila, zim mine and more, plus buy back all but 100million shares in the market..

This group over the last few days has decended into chaotic misery..

The diamonds will come when they come, if you are here just for them, then I suggest selling as soon as because, again in Vasts own comments, there is or was no legal road to the recovery of the package, and with no official timeline in place to gain the diamonds, it could happen tomorrow or never..

So, that leaves the £8million + debt, which will surely need to be restructured and refinanced very soon.. this could be via a Joint Venture with another mine Co. It would, of course, be much easier to gain said funding or financing if the diamonds were received, but we are where we are..

Baita could, and should be turning to cash positive month on month going into Q4, although there are still some 'pie in the sky' figures that we could all do with seeing in the flesh..

Tajik - we need to a) be told why there is a hold up still on the permits and b) when first royalties will be received..

Zim - diamond mine concession via a joint venture is seeming to be more likely than not, but imo still way off into 2024..

Manailla - Time to get this mine going after cash surplus announced at Baita - the knowledge gained from getting Baita into profit will be valuable, as Vast can then put this to work on Manailla hopefully saving costs in the process.

So, this is what we've got to look forward to.. and talk about.. not sending wild emails to people who will probably not even open them.

You will receive no response! Vast has told us what is holding up the parcel, zimgov and zimbank.. plus there is no official legal process in place to get the parcel back.. this is what Vast is working for, a timely process with, in Vasts own words - no official end date..

Thoughts....?

https://www.newsday.co.zw/theindependent/local-news/article/200016047/vast-share-price-plummets-on-london-stock-exchange

Not sure if this is how it's written in Zimbabwe.. but the report doesn't seem to have the right wording.... 🤔

Vast Can't and Won't raise to pay down their creditors.. this extra time is being used to secure external funding against Baita Plai.. diamonds are way off..

I believe that Vast have had enough of being tied to the 'stigma' of diamond-gate.. and are now telling all to concentrate on Vasts future projects - Baita, Tajik, Manailla, Blueberry, zim and more..

The problem then lies with the short time frame Vast has given itself to repay the creditors... either something big is in the pipeline other than diamonds to allow themselves to get out of this debt problem, or its all pie in the sky and this share will go down to zero... sounds very unlikely to me, but still a possibility 🤔

I'm going to put this out there and say there's a JV in discussion about mining in either Romania or Zimbabwe... 💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰

There have been a fair few 2.5 / 5 million sells over the past few days...🤔

Could there be yet another placing to cover costs of any agreements..?

Well spotted Buda... strange that..you can mistakenly omit it once, not twice.. somethings afoot 🤔

I would have to agree with Pecten.. Vast are very vague with any info they release... 'Break Even, in June.. how does this look in terms of figures? Diamonds on the cusp of return since February, Tajik loyalties supposedly from May..

Diamonds being touted as $400 per carat..?

We need more realism on here.. and that looks like Baita possibly being able to make.money some time in Q3 or Q4, Diamonds with no real timescale of delivery, which has been noted by vast on rns, and Tajik loyalties being held.uo by export permits etc..

And finally the heavy burden of debt hanging around Vasts neck like a noose ready to be tightened.. I believe terms will be arranged,.but am.unsure about costs - more dilution..? Probably, but one way or another the end of the diamond saga will.l be upon us by the end of this year imp.

Dicko, most of this information is now.out of date.. we have been heavily diluted in last two years, so figure would be around 2.7-3p oer share valuation based on same credentials as then..

BP has broken even in JUNE..doesn't mean break even for the year up to June but likely June itself, based on copper pricing on sales compared to costs of production, something I amongst others am struggling to work out currently as believe that Baita is ever evolving, with cost changes regularly, so will they break even or better in July onwards..? This is up for discussion..

The diamonds do not look like coming soon enough for Vast to cover the current debt.. gow Vast will get around this without further dilution will be something of a miracle imo.. unless people are aware of another way Vast can grab from the money tree...?

I'm feeling very negative about this share today.. 😕 people will probably jump in and say sell up then, but I'm still holding onto the possibility that Q3 will be the turnaround in this company id always hoped for.. diamonds look like a much longer haul, and the debt is having a massive drag on the share price.. will it get resolved? Probably.. but imo it will be at a cost that will be tough to stomach for shareholders, but necessary to continue.. how much will mercuria and alpha want..? Well, unlike the rubbish being spouted on advfn about dilution down to silly figures, Vast only have around 1 billion shares of headroom, so this clearly wont cover the repayment of the total amount owed.. so Vast need leverage, they have the diamonds play, and again the rubbish being sputed on advfn or twitter about there being no diamonds, is imo nonsense, creditors will and would have wanted assurances.. so we'll assume they are locked away out of reach for the moment.

Tajik is frustrating, but the monies owed must be building up into a reasonable pot..

And then we have BP.. on the cusp of apparent greatness, but all are very wary and pessimistic on the 'true' figures of sales on production and cost of production..

It's hard to like a company who don't give a true and real reflection of the current state of play and then sit back and let the share slide into the abyss..

Positives please 🙏

Sandy, I hope you have some costs to share with us soon...

Chailwala... there is practically nil chance at this point of 5p.. but like your optimism.

Again, this is acting as though there is a further placing in the pipeline..

.. 😊

Panicking is not the right word Cox.. trying to understand what is occurring, other than the inpatient leaving, is the issue.. we've had resonably good news on th Baita update, if a little vague, whuch did nothing to the share price, and it looks as though the outstanding debt will be extended to a later date, whuch again did nothing to the share price.. so...the share is acting as though this latest extension will indeed come at a cost to Vast. I was surprised the creditors agreed last time to extend without conditions (that we are aware) but people's good nature will not last indefinitely.. I have learnt a new level of patience with this share..