Member Info for panda1

We may get an RNS soon about the PFAS remediation trial in the USA which would be good timing ;-)

A huge market is opening up for Mycelx. It has the right technology and is based in the USA.Here are some benefits of Mycelx's PFAS removal technology:Since 2006, research and development have driven this enterprise’s success, from laboratory testing to full-scale in-field deployment.PFAS Global is the only technology to remove all PFAS analytes to below detectable trace levels.Outperforms all other PFAS removal solutionsSmallest footprint – 1/20th size compared to GAC and Resins

Can someone remind me how the company intends to pay the circa $7million due to Atlas in January?

Doesn't look like the $7million placing for the new gold company has gone down well

That's the funnies post I've seen all day - comparing VAST to Rolls Royce LOL

Also worth reading this article from yesterday:
https://www.theguardian.com/commentisfree/2021/oct/24/pfas-forever-chemicals-epa-pollution

Very positive news for MYX

https://www.wsj.com/articles/biden-administration-seeks-to-accelerate-cleanup-of-toxic-forever-chemicals-11634565600?st=fkxuj0vq80n51wc&reflink=article_email_share

It's worth noting that VAST did a placing last year a few days before the accounts were released.
Presumably this was to satisfy the auditors that the company could continue to operate as a going concern.
I wonder if the auditors will insist on another placing to keep the lights on this year before the accounts are released?

It's interesting how the company don't deny the allegations in today's RNS it just says it is using lawyers to try and prevent the information being made public.
I note some of the allegations have been removed from the website today

Another thing that attracts short sellers is where there are allegations of misconduct by management.
A whistleblower seems keen to reveal details about the conduct of VAST directors although the company stated in today's RNS that they are trying to prevent them revealing any details of this

Short sellers seek out opportunities like this where bonds are due to mature shortly and the borrower is unlikely to be able to make the payment.
There's a good chance of a default in which case the shares will be suspended, never to return to the market, in which case the shorter will make a 100% return. Another possibility is a placing at a large discount and conversion of debt into equitywhich will also be a big payday for a shorter.

Short traders love a share like VAST as it has a high probability of being a 'Zero' which means shorters can make a 100% return from any level of share price that they sell shares

If you read back through RNSs over the last couple of years VAST has been unsuccessful in trying to secure refinancing and has had to rely on placing a to keep the lights on. Institutions have looked at Baita Plai on previous occasions but it hasn't passed the due diligence stage and they are unwilling to make loans against it as it is too risky.
'Vast Resources plc, the AIM-listed mining company, announces that, following the announcement made on 16 December 2020 regarding the final credit committee meeting focused on the asset backed debt facility, the Company has been informed by the international banking institution “the Bank” that the credit committee is unable to proceed with the approval of transaction'.

BREAKING NEWS:

QATAR SEES ‘NO WAY’ NET ZERO PUSH CAN SUCCEED WITHOUT ADDING MORE FUEL TO THE MIX...

EXPECTS GLOBAL GAS SHORTAGE TO LAST A “FEW YEARS” AS DEMAND OUTSTRIPS SUPPLY.

When the world's biggest exporter of LNG says this... pay attention.

Also sounds like the rumours of dodgy dealings by VAST in Zimbabwe are correct and the company is desperately trying to prevent those dealings from becoming public knowledge as they would be very damaging

Am I correct in thinking VAST is due to re-pay Atlas $6.5million on 31 January
I wonder why Atlas have refused to restructure the loan?

Hopefully the Ministry of Mines will grant KEFI another extension before the 31 October deadline but I doubt the finance package will be signed off whilst the civil war is raging. Harry said in the recent webcast that the situation needs to calm down first and it seems unlikely that will happen before the end of this year

I suggest you do a Google search for 'power china international MOU'.
These type of Chinese companies sign MOUs all the time as they are non binding.
Very few of them are converted into contracts and even if they do they typically take years of negotiations

So the breakdown of a couple of excavators caused a £16million fall in the market cap ??

I said that because some derampers have tried to scare shareholders by saying there will be a placing despite the directors saying there won't be one.

Your point was that you aren't getting excited by a £84k directors buy but I think that is a decent amount to acquire in the open market and they could continue to buy. You don't often see much more than that on AIM unless directors are buying into a fundraise