Member Info for pawnsacrifice

Marketcap doesn't seem to have run away with itself here though even after today.
350m shares in issue after the placing so I have £21m cap at this 6p?
Not so dear to play the drill presuming gas prices stay elevated?

Thanks for the link, quite enlightening. Had thought the €500m was a high figure they'd put in to pressure the slovaks into coming to the table. Might still be true but noted in the interview they came to that figure using a gas price 50% below today's level.
Think myself the new gov should read the legal pack they've been handed and parly.

vast saying all the right things on Tajik national T.V.
https://www.youtube.com/watch?v=qKHfhQUpVAc

Sorry for your losses here pinguser5 but can't see an issue with the timing of todays news? Seems to be part of a process.
Slovenia lawmakers look a bit slimy delaying it all by asking for patience for an amicable settlement they had no intention of honouring but that's all I can find negative on it so far.

From the finals..
"The year started with the Company continuing to remain engaged in direct negotiations with the State Attorney's Office of the Republic of Slovenia in relation to pre-arbitration settlement discussions, following the Company having received a response in Q4 2020 to its Notice of Dispute to the Republic of Slovenia dated 23 July 2020. The Company entered into these discussions in good faith with a view to potentially settling the Company's claim in an amicable manner in the short term. In February 2021, the Company announced that the Republic of Slovenia had notified the Company that it shall be in a position to respond formally to the proposed settlement terms by the 19 March 2021 and Slovenia accordingly requested that the Company did not initiate any arbitration proceedings before such date to which the Company agreed. On 19 March 2021, the Company announced receipt of a further letter from the Republic of Slovenia claiming that an amicable settlement was not achievable.

On 8 November 2021, the Company announced the signature a binding damages-based agreement with Enyo Law LLP, a specialist arbitration and litigation legal firm who had previously filed the Notice of Dispute and represented the Company in the pre-arbitration negotiations, to commence proceedings against the Republic of Slovenia under the Energy Charter Treaty and the UK-Slovenia Bilateral Investment Treaty. In May 2022 the 'no win-no fee' style arrangement completed and allows the Company to securely initiate arbitration proceedings against the Republic of Slovenia under the ECT and BIT. Enyo are funding the payment of advanced disbursements which are expected to be incurred in the pursuit of the claim, and these disbursements along with the time of Enyo's lawyers will only be paid out of the proceeds of the arbitration in the event of a successful damages award or execution of a binding settlement agreement (if achieved sooner)."
https://www.investegate.co.uk/ascent-resources-plc--ast-/rns/final-results/202206300945098088Q/

Liking the no win no fee situation and wondering if Slovenia will cave?

Sounds interesting, was mentioned in the proactive interview but stated in the chat with zak it has precious metals from 40 years of storage?

Good interview imo. Comes across very determined and likely to fight hard for his case. Hope they win big.

Yes if you like. I was making the maths easy but still just under 42ozs/month and if they pull 1.55g/T average rather than 1.5g they've made it right back up so not crucial to be spot on at this stage imo.

Doesn't look too bad as a revenue stream for vast given their low marketcap anyway.
If you take the silver as 30g for an ounce they're due 857 oz's/month.
1.5g/tonne gold gives them c. 43 oz's/month gold too if my maths is correct (12.25% of 10,500 g's divided by 30 for oz's)

"Under the agreement, the mine is to produce approximately 7,000 tonnes per month of ore containing no less than 1.5-2% lead, 1.2-1.4% zinc and 27% fluoride of which two months production has been stockpiled on site ready for processing to commence in mid-2022. It is for note that it is reported that historically the mine contained 30g/t silver and 1-2g/t gold in situ."
https://www.vastplc.com/operations/tajikistan/

Hard to foresee quite the hammering this one got this year imo.
With them being under 10p on the offer now it seems more instinctual to look for opps from growth in sales than to be negative over a possible funding shortfall so wanted to say thanks for the posts below as sniffing around for a position before the Sept update and the opinions here have been most useful.

So you joined yesterday just to knock eaas. must be a decent co.then I guess for that sort of effort.

As predicted the coal ban comes in tomorrow. EU states its €8B worth so no chump change for the international coal market.
Predicting the demise of predictable Russian gas supplies too..
https://www.republicworld.com/world-news/russia-ukraine-crisis/eu-announces-embargo-on-russian-coal-purchases-to-come-into-effect-from-august-10-articleshow.html

I wasn't in the share during the consolidation and realise thats a thorny subject just saying I took it for granted they had a lot more shares than they do and don't consider 260,339,466 "whopping ."
May think the no's of shares they have this time next year whopping if they carry on issuing however!

Surprised they've only got 260,339,466 actually. Thought they had a lot more than that after the placing.

Been there a year. Good that he's gone as he appears to have been taken on largely to help them find new opportunities in the energy sector.
Not what holders need from new management imho, time to concentrate on getting coal out the gate.

"Jeff Malaihollo, Non-executive Chairman of Edenville Energy commented: “I am delighted to welcome Franco to the Board of Edenville. He brings with him a wealth of both operational and energy market experience, in many countries across the globe. We look forward to benefitting from his skills, advice and guidance, particularly as we review additional opportunities following our recapitalisation earlier this year.”

Looks to be building a base after the fall from the 100p levels imo. Not too surprising after such a drop for investors to take a while to take stock after that.
Happy the 18dsma seems to be holding looking for a rise off that presuming it continues to hold of course then the market can pile back in once its convinced this is the floor.

"If you'd prefer me to say you quoted from an Edenville RNS then let's do that."

Of course I'd prefer you posted that but you couldn't as its evident from todays postings you didn't know it was in there.
Likely a good idea you filter me as I can't spend all day correcting your posts and you seem to have dropped to the level of silly insults which helps no one.
Hope you enjoyed the cricket.

Posted this before. Another quote from the results . Co. believed end of June they had enough funds to cover project development and any upgrades barring delays.
The issue of their having had to invest in the mine to get it up to speed is covered too.

The issue of a raise or not is covered in the going concern section.
Gives reason why they are more confident of sales increasing too..

"The high coal prices have resulted in:
-
the export of coal from the traditional local coal suppliers in Tanzania, usually to India and
-
created major demand from East Africa who would normally source their coal from South Africa but now find pricing prohibitive.
As a result of this situation the company is receiving regular enquiries for coal supply from within Tanzania, East Africa and internationally, the company has therefore taken back control of the mining operations and is already investing to raise production levels to leverage off the current demand situation.
Based on the current working capital forecast which includes previous placings, the Group has sufficient funds in order to allow it to continue in production and implement planned project development and any upgrades. However, if there are delays in procuring orders or if large export contracts are entered into then the Group may require additional funds within twelve months of the date of approval of these financial statements. The ability of the Group to raise additional funds is dependent upon investor appetite or the willingness of the banking sector to finance ongoing"

If they do raise down the line it would (imo) be to go from the 4000T/month agreement with the exporter to the higher 12,000T/month he reportedly may require as this has been discussed as a possibility by management above and personally I'd see that as a shareprice enhancing move rather than a detriment.

sausage re your claim...
"You stated "the first half of 2022 was spent pursuing reverse takeover and other opportunities to add assets to the Company. During this time the Company focused on reducing cash burn""

No I didn't the co. did. It was part of a direct from the results I pasted in..

"Much of 2021 and the first half of 2022 was spent pursuing reverse takeover and other opportunities to add assets to the Company. During this time the Company focused on reducing cash burn on its Tanzanian project whilst it has explored these potential new projects. One potential transaction progressed significantly, however was ultimately terminated by mutual consent. As part of the termination it was agreed that the transaction costs incurred by the Company would be re-imbursed in full by the potential take-over target"

I told you earlier in the year that this co's problem was that old management had given up on its coal asset and gone off spending on their hunt for pastures new and i was right. It looks to have cost them big and there's no evidence they've been reimbursed yet, so that may well be to come. DD is never cheap.

Another reason to state sausages burn rate on the coal project is unreliable going forward from their finals...

"Much of 2021 and the first half of 2022 was spent pursuing reverse takeover and other opportunities to add assets to the Company. During this time the Company focused on reducing cash burn on its Tanzanian project whilst it has explored these potential new projects. One potential transaction progressed significantly, however was ultimately terminated by mutual consent. As part of the termination it was agreed that the transaction costs incurred by the Company would be re-imbursed in full by the potential take-over target"

reposted for typo only one stating needed.

RE: re sausage factsToday 16:05
Sausage is unable to understand that stating..
"You keep going on about burn rate as if they're spending the same each month (your fabled burn rate) I pointed out it wasn't so it was investment in plant and machinery"

Isn't the same as stating all cash spent for the 6 month period was for said investment it merely correctly stated that sausage couldn't extrapolate his "burn rate" going forward on those no's as a proportion had been investment in plant and machinery to prepare for production.