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Anything $90 or above per carrot would be decent for Vast.. paying off most of their debt (short term) - people spouting $1000 per carot is pie in the sky, will never happen!
The license in zim.to mine diamonds should be the conversation , as this would be worth close to £100 million to Vast - then we can talk share price in the pennies, not before.
It's been a poor performance from Vast, especially Baita in thr last 6 months.. however its been plagued with issues, worker strikes, weather, poor equipment and more.. H1 2024 looks to be much the same, unless Vast can get the modifications in place to allow the greater efficiencies talked about in last rns.. imo don't expect break even now until around end of Q2 / start of Q3.. a full year after Vast spouted their Break even month of June 2023..
AP and Vast have played the last year quite well imo.. they have used the diamonds scenario to maximum effect, allowing them placing after placing to keep the business running, as without this Vast would have probably toppled under its debt pile
10 bagger - to 1p.. so £50 million mcap, you are have a laugh.. the best we can hope for is 0.4-0.5p after several placings in last 12 months, and even then, there won't be many on here refraining from the sell button before then.. diamonds won't get Vast rocketing, but the license would, as funding door would then open and Vast would only then have thr opportunities to progress Baita into the Behemoth it once was, and reopen Manaila.. Big business would equal big mcap..
There's been a whiff for 12 months or more.. in fact, years!
I hope for this company to do well but it has been constant disappointment and over promising things..
Prime example lately is AP saying on a podcast that to 'look forward to a break even Q4' and now Vast have changed their reporting process so that we can't see the sales of conc - obviously imo Q4 didn't live up to expectations.. debt laden, is the anchor of which this company may well fall.. and I say this even though I own 35 million shares..
Also imo even though production has moved forward, as has company assets and consultancy channels, Vast has managed to lose use an II, and are no further forward in sorting and arranging their debt burden- in fact it increased in the last 12 months.. this is why the price is where it is..
Once again,.Vast have no further headroom for a placing without approval at an egm at this time..
Hands up all who traded Vast today...👍
I remember you selling this time last year asi.. Vast then went up to 1p.. maybe not so high this time.. 😊
Traders are in... let the games begin, trade it gents..
Seemingly everything has changed.. the way Vast reports to investors, now no further mention of diamonds,
Baita running at a loss, which will inevitability mean more dilution to come, and the only way this will happen is via a consolidation.. Vast have been given enough time to come up with the goods, but imo it doesn't even look likely that the first Half of 2024 will get any better..
Reports have changed imo to entice further investors without much knowledge in Vast to invest..
There's no way of looking at this other than with despair..
If you in any doubt, then please read the full report on Vast website, and you will see a company teetering on the brink!
Yet despite this, Vast continue to take on new business aspects, which may eventually create some money influx, but not enough to stave of the enevitable.
Based on Q4 Conc produced (562) and the Ave grade, plus copper sport pricing, and also assuming they have sold it all (unlikely) Baita are still in negative territory.. not much, but it is what it is..
We need to know the sales figures!!!
This becomes uninvestable without this..
"Q production updates never have financials and just contain production numbers. No different today as any other Q update."
Asi - they normally include the conc sold figures as well.. something which, at this juncture, was critical to ascertain monies held, and inventory held at Baita.
As some have said, they've picked a helll of a time to change reporting.. disappointing imo.
We now have imo a dance off between Vast debt (primarily Alpha) against Baita profitability.. with a faint hint of diamonds..
If debt is again rolled over (likely) then its also a race against time to stave off the possibility of a share consolidation (100/1) to then start the dilution process again..
Are we talking negotiations on mining rights, and diamonds mixed..? If so, we are talking 1000 - 2000% increase from here..
More likely than not it is all a pipe dream..
News Wednesday onwards imo.. share dump tomorrow
The expectation would be for an increase in both production and sales, as Vast were laden with extra conc at the end of Q3..
You need to go back through previous rns to ascertain Baita cost base each month and qtr..
Imo around 500 dmt per qtr @ 20% average grade, given the current spot price (the higher the grade the more money earned per tonne) would be needed for Baiti break even.. a realistic possibility from sales, but with production throughout winter in negative temperatures coming to a standstill, we may have to wait until Q1 results to ascertain wether profitable mining can be maintained..
Asim, at 0.6p thr mcap would be over £30 million.. something very positive indeed would need to happen foe Vast to reach this level..
They seem to be setting themselves up for future years to come, and I can't fathom how Vast will unwind the debt burden they are now in..
Asim, I don't see this (ever) reaching 1p or around that figure.. I have reinvested yesterday and today at the 0.095p level and would like to see 0.5p, but a £50million plus mcap is mind boggling for Vast.
1p would make me a very comfortably rich man and retired in my forties
Yep, next week I reckon for Q4 figs.. probably after the last 750 million placing shares arrive at the door.. Tuesday I think, so Wednesday onwards for figures..
What would Vast need another placing for, so soon after the last...?
Plus Vast no longer have the headroom for a large placing without calling an EGM first.
At these levels, if Q4 production report doesn't live up to expectations.. ie break even at the very least and no positives from the current devt levels, then the only possibility of another placing is a share consolidation (100/1..?) or finding a bag of sparklers that have been elusive over the years..
Judging by the late trades, this is still being pumped and dumped
Be very careful here, as although I believe Vast will eventually do well, this will take time, and with the Alpha debt burden still weighing heavily on Vast, the current price is a reflection of this..