Member Info for OofyProsser

You are a shill, not a lemming.

The shills here seem to think Mr. Prelea’s “loan” should be interpreted as a display of confidence in Vast on his part. Well it’s not, is it? It’s a demonstration of the fact that Vast has run out of alternative sources of finance. They’re not making a profit, they’ve got no money nor sources of it, there’s no “Swiss Investor” nor “historic parcel”. If he’s actually parted with any cash, it will be repaid from the proceeds of whatever wheeze they come up with in the way of a huge issue of new shares. It’s perfectly transparent.

Yes, interim results have been RNS’d on 31 January for at least the past two years. It would make sense for any new share issue to accompany the results. It may come shortly before or shortly after but it’s coming. Pity the poor lemmings who’ve bought into this nonsense and are looking over the cliff.

€500,000, not £500,000.

Mirasol: yes, I agree that mitigation measures may well increase the short-term flow rates. But these measures are expensive and they do little or nothing to increase the reservoir reserves, they merely front-end production and reduce the reserve life. The revenues from current sales are what matters to investors. Or, rather, the net profit after general expenses, forward sales contracts, interest and capital payments/repayments etc.

Mr. Prelea’s ‘loan’ was €500,000, not £.

Yes, Bubblepoint, they can deploy various measures to optimise gas flow. At a cost. But the fact remains that the gas is depleting and the flow rates are a long way short of the CPR forecasts. Given the costs of the new compressor and any further work in the wells, against the temporary improvement in flow rates that will eventuate, it’s a bit like putting lipstick on a pig. I don’t dispute your technical analysis. I do dispute its relevance for the share price and for investors.

Bubblepoint: I understand this but investors are interested in the gas the company is able to sell every month. The causes for a decline may not reflect solely the reservoir pressure but the decline is what matters. The company will be doing all it can to mitigate the flow issues. It seems to me that, while it’s interesting to know the details of what’s happening, if all efforts are being made to optimise gas production, the resulting saleable gas at the point of sale is what matters to investors.

Bubblepoint: why are you arguing the case that there is little or no decline in the flow rate? Both CPRs predicted an annual decline. The figures copied here by Mirasol are what counts for investors. There may be factors in addition to the predicted fall in pressure but the underlying fact is that this is a very substantially depleted field with a limited remaining life and lower and lower gas flow every remaining year. As was the case with the earlier compressors and the sidetrack, temporary remedial actions can prove extremely costly.

IfIknew…. Oh please.. he’s banking salary every month. If they raise £750,000 (though that pre-supposes a lot of dim mugs suspending disbelief) they’ll be in a position to pay back his £400,000 and pay him his salary for another month or two. I don’t suppose he’s thinking much ahead of that.

Yes something is brewing all right and we all know what it is. How much can they hope to raise this time?! Will it pay back Mr. Prelea’s £400,000? Though I doubt his money has hit the Vast account yet. All the poor lemmings are rushing across the golden sunlit uplands dreaming of riches. They’ll have a salty taste in their mouths soon. Innit?

I think they’re keeping the bid price at 0.090 in order to be able to describe the 1-1.5mm share deals earlier today as purchases, not sales.

Asimpleinvestor: what makes you think “the diamonds” are in a bank vault? You say it as if it’s a fact. They haven’t been seen for more than a decade, during which time Zimbabwe has been governed by two unprincipled ex-terrorist gangsters, one of them married to a greedy womanp with a great fondness for diamonds and a diamond-cutting business in Hong Kong, plus diplomatic immunity which enabled her to travel with lots of baggage that could not be examined at international

borders. It’s no surprise there’s been no progress on them: the President is 83, he’d doubtless prefer the issue to pass on to his eventual successor.

It is, of course, possible that there’s a bag of diamonds on a shelf in the RBZ vault. There’s no evidence of it, though. Vast needs the money they represent. There’s clearly no “Swiss investor” and no one is likely to lend them any more. You’re looking at an imminent massive, highly dilutive share issue of some kind. And while I agree that investors should take responsibility for their decisions, there are laws against the kind of organised support operations that seem to accompany share issues in many AIM companies. Sadly, no one can be bothered to enforce them. Company managements who wilfully mislead investors with unsupported claims and over-optimistic forecasts should be sanctioned.

The “steady buying” appears to me to be sporadic, and at 0.098. The buying above 0.10 is in tiny volume and is to be ignored. It looks as if they’re having trouble getting the price up to the nominal price. They need money. I suspect there may be some quite bad news next week.

Asimpleinvestor: tenacious he may be - is, in fact - but competent and truthful not so much. And people are perfectly entitled to criticise him for his record. It’s perfectly irrelevant to ask whether critics could do better: they’ve entrusted their money to the management of the company and are entitled therefore to regular timely, frank and truthful accounts of its performance.

Vast needs more cash. There’s no “Swiss investor” nor any diamonds and no one will lend them more money.. That means a ton more shares in a placing. Quite soon, too. Good luck, watching what they with the proceeds.

Christmas at The Victoria Falls Hotel? Very nice.

Sharebel’s posts are all unsubstantiated opinion or mere gobbledegook. If people think they understand his drivel about market makers, they need to ask themselves more questions, it’s all meaningless verbiage.

Kindly remind us who has confirmed that the diamonds are there. The RBZ has already kicked out an officer of the High Court who was sent to get them. This is not a new government. The fairy tale about the lawyer is just that. The price action on Friday was just as likely a failed p&d. Vast must be very close to having zero working capital.

What insurance cover?

So far, we haven’t even got a bag. She had it off on her toes with the parcel some years ago.

Investors’ negative view on Vast is not due to their having held it for three years. It’s due to the fact that Vast is bust. New eyes and all-time lows are irrelevant. It’s going lower, it has no hope of paying its interest or debt repayments and there are neither diamonds nor Swiss investor. There’s a chance that investors looking at it with new eyes will back yet another placing but that will be throwing yet more good money after bad. Sooner or later the Company’s Directors are going to have to admit that it’s not a going concern.