The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
Machoman, apologies a factual correction to my own post
Alpha has been granted first lien security over a real estate asset in Bucharest, Romania, in order to provide an enhanced security. Alpha is predominately a real estate driven lender and as this transaction is its first mining transaction, the real estate security component was key. The real estate asset has an independent valuation of €9,199,769.
· An existing shareholder of Vast Resources PLC, who is not a Related party under the AIM Rules, has been granted a first ranking security over Baita Plai in return for allowing the real estate asset owned by him being used as enhanced collateral for the funding to be provided to Vast by Alpha. Alpha has been granted a second ranking security over Baita Plai.
As part of the debt transaction and in lieu of the enhanced security being offered the Company has issued Warrants to both the real estate owner and A&T Investments SARL. The amount issued is $800,000 based on the prior agreement of giving warrants equal to 20% of the debt facility ($4,000,000). The strike price will be set at a 20% premium to the closing share price on Monday 16 May 2022 as referenced by Bloomberg.
Iraqi re : your post yesterday . Well done for trying to put numbers on the situation. Most cant or wont (Sandy and occasionally myself )aside
However, as we've never been told the quantity or the value of the gold and silver credits, we've normally run with the broad assumption that they balance against Mercuria's margin - after all that's how they make their money, the shipping costs and the tolling/refining costs, leaving a zero net gain/loss in this respect
Steward, there was a cash call on 31st October, which wouldn't have shown in those accounts
$1.467 million for the issuance of 652,000,000 shares at 0.225 - they had obviously burned through the $656,000 which was raised on 26th September (at 0.4), supposedly to cover the delay in concentrate sales
Though they've sold more concentrate since then, cash balances must be under pressure from last three months of net cash burn
https://www.**********.co.uk/xsrns/f0917a54-85af-4a79-a273-a54648d15a10
Davey made a very relevant point earlier and other companies (as well as VAST) have had major issues trying to remit money out of the company
Possibly the discussions have said, you can have the parcel back but you have to reinvest any proceeds back into Zimbabwe
Joey 'Bear in mind that there is no need for any sort of preparation or setting up there; everything is ready to go, and all that is required is to get started with it.'
So AFCRs operations and plant hasbeen on care and maintenance since 2010 has it Joey? Dont talk xrap
Joey, the board hold less than 1%, so hardly heavily invested. Metom, remember these are uncut, unpolished, unsorted for size Zimbabwe diamonds, so your price range is very likely to be on the high side
As the interims have now been published, the board should be able to buy shares in the market - if they don't, then maybe the sparkle fest isnt worth what many suggest? If they do, would suggest confidence in the risk/return equation.
Firwood, nobody needs to hammer VAST, AP and the board, have upto now, have done that job themselves.
However, anyone who pushes the idea that people has been shorting VAST is either delusional or deceptive - I doubt its even possible in the real world, just hot air rather than actually trying to counter justified criticisms with facts
Noba 'Minimum shares floating in the market'
Youve been told about this before https://www.vastplc.com/investor-information/shareholder-information/
VASTs own website says 99.14% of shares are in free float - try sticking to facts, unless you think misleading people for your own financial gain is ok