Member Info for One_rogue_trader

Ben - good post at 12.36.

I think diamonds perhaps increases your upside profile but certainly is very high risk (at least to date).

With BP online Vast will be in a far stronger position to capture value from its pipeline of Rom assets and I expect to enter into a JV/ partnership for the larger ones on hopefully de-risked structure (like GGP). Selling one of them pre-development might not be a bad strategy either to release capital to invest in the others.

Getting left behind and locked out #breakout

I do like the look of this developing breakout.

Fundamentals:
? BP coming online in July
? $12-18m fcf pa
? NPV of that asset alone waaaay north of current market cap
? massive upside on the news front e.g. diamonds

Technicals:
? accumulation phase complete
? volume
? moving averages bottoming and turning around
? Higher low on higher time frequency charts i.e. 0.098p vs 0.13p (which really had a floor around 0.15p)

Makes this very interesting IMO

Agreed on both points. Today’s price of copper and other metals is not that relevant. Forward price curve is key.

Agreed, clear accumulation occurring. More and more evidence on how good an asset BP is. Updated valuation will prove that. Production just around the corner now.

Sonic,

Impressed by your telepathic skills at determining how successful others have been at investing although for someone who’s been so good at calling all the shots you seem a bit frantic. Wouldn’t it be great if everyone just advertised whether they’re in or out every time they make a trade. Would make the whole process a lot easier!

In terms of being nervous I feel pretty relaxed to be honest. I only invest what I can afford to loose and understand the risks involved. I don’t rely on trading as my source of income so can, if it makes sense, stick to targets even if timelines adjust.

In terms of your most recent Vast related statements:

- Yes March is the timeline that has been communicated to the Company by the Government. It’s been RNSd twice.

- my point is the concession area is known by the project stakeholders. I thought that was obvious. Interestingly it’s attractive enough for BOD to agree to reduce their equity stake in the SPV with Vast, which holds their interests in Katanga, to 2.5%. There is also a relatively recent valuation by SP Angels which although potentially out of date certainly had some input from Vast and is the only publicly stated value of their potential interest in the project.

Sonic,

Let me strengthen it for you then.

AP hasn’t given absolute timelines, you yourself have been making that point the last couple days. Can you decide your position on that?

‘As for the diamonds and T2/3, well no one knows what the concessions areas are yet, so can't say how prospective they are’.

You’re kidding right? YOU maybe don’t have a clue about the concession areas Vast (including former senior employees of ZCDC), Botswana Diamonds, and none other than ZCDC might know not only where they plan to mine but the potential resource. Yes there is risk, but this is one of if not the most diamond rich area in the world.

All countries are at risk from an outbreak, particularly poor countries. However there is limited information about which regions will be impacted worse. Right now temperate countries and major cities are leading the way. In any case projects which support the economy are going to be needed, particularly those which directly benefit the local communities.

Markets are an extremely volatile place at the moment and Vast is, as it always has been a risky investment. But spare me the cr&p about it being ‘curtains’ if nothing is heard by Tuesday. Sure the sp could retrace lower, but ‘curtains’? That’s the type of term used to do one thing and one thing only. It’s actually ‘curtains’ for people’s investments who are short and get liquidated.

As for how you want to make your money I don’t give a sh£t.

Sonic - responses below

‘No RNS to confirm or any delay and this will drop like a stone’

Speaking in absolutes hasn’t worked well for anyone.

‘People her don't understand the dilution that will be caused because of T1 even. They think we're are fully financed but that's why I highlight the problems with the delays at BP already, let alone the potential delays that could arise if the Diamond JV is not signed off‘

Well this has been covered at length on here, particularly in relation to T1 which is best to think of as a 0.24p equity raise in any case. T2-4 will no doubt have CPs linked to diamond project. The Company have the world’s leading experts in this field as their advisers and an extensive database on these concessions. They are not shooting in the dark. No sane CFO signs off on a financing package which hasn’t low probability of being paid back. Many on here can post links to research which not only highlights the yield
of concession areas but payback timeframes.

‘Speaking to friends in Zimbabwe regularly they say the situation is already bad and they don't have the infrastructure to contain the virus’

No country has the infrastructure to contain the virus... merely methods and approaches for suppressing it.

‘Profiteering under such circumstances against what is good for the country will be seen as bad form’

Community owned project - delivering value for the community. It’s why it’s taken so long to finalise. Also a bit rich from someone shorting during these market conditions.

Hardly a huge amount considering the free float and in any case could be for a number of reasons Sonic but you’re clearly itching to tell us about one of the potential reasons.

Good post Laster

Recent form says Vast have been following their timelines, despite completely understandable COVID-19 delays.

Atlas finance announcements are a perfect example. Very high risk betting against that IMO. The diamond deal has been a long time in the making and has been lined up for a while now. Certainly appears that the Gov, ZCDC and Vast have been ready to complete for a while.

Exciting times

Let’s wait and see what the reaction is when the diamond deal is announced

Sandy: Thank you for pointing out that important difference. Equally anyone who says parliament needs to be in session to sign off this deal is chatting absolute garbage.

Also a bit of food for thought, funny how all those rollovers were put through by MMs straight after news landed at the bottom of the spread

With half a brain can see that the larger volume ‘sells’ are pretty much all rollovers, bar a couple of trades. Buys outweighing sells today.

Buying volume clearly outweighs selling today. But we are not talking big amounts

Promising

Haha always. Safety first.

Particularly in these volatile markets ;)

Hardly any are selling. Just look at the volume

US futures looking good