Member Info for Pecten11

So someone (AP) has consistently misjudged the timescale of the historic parcel process so instead of trying to raise the funds - clear the debt that threatens the company - at a higher SP the company is forced to do a second consolidation in three years

Unfortunately with so many shares held by retail investors there will no be a big enough organised block to challenge the board or seek its replacement due to incompetence

‘ as an investor in his company i believe in him.’

And that is your right to do so - likewise others are perfectly in their right to question and ridicule your statements to avoid it becoming a truth cult.

Now where are you in the deal for my magic beans……

You sound just like an intern with a PR company or brokerage

So you believe that every interview has always been 100% factually accurate ??

Or is it APs fault (or any other AIM CEO) if potential investors choose to add 2 plus 2 and get 5 - even if the are ‘steered’ that way. Especially when they can’t independently verify those ‘steering’ suggestions

Asi - I know

That’s the point I was making….

‘ Pecten the ceo believes after consultants reports that the NAV is £200m’

Those reports, if they exist, have been payed for by the company and this shareholders - so why havent they been published on posted on the website??

Or does AP think that keeping such positive and potentially material information away from shareholders is appropriate??

Ah so you’re the type of ‘investor’ that will believe anything they hear in an interview but doesn’t worry about being able to substantiate those claims

Can I tempt you with some magic beans? It says on Twitter that they are really good ….

Loyal trader you’ve been trying really hard to give it the big pump in the last few days - how about a touch of reality- do you have an answer to my 07.47??

Iirc correctly he said that figure had come from independent consultants - as they would have been paid for by the company how come they haven’t been published or posted on the website

AP mentions lots of things in interviews….

Where is the justification for that figure? Definitely not in the last set of accounts that’s for sure

Kever - so should we be thankful that he gets paid such a paltry sum??

Or should he paid relative to performance? In this case , how much do you think he’s worth??

Ianjo - indeed

Iirc the original plan and figures (which we have subsequently been told to ignore) suggested a grade of concentrate of 27-29% which has been consistently missed . This was always a risk as it was based on historical data with little recent confirmation. Anyone who has been around for long enough will remember that I raised concerns at the time re lack of drill definition data to support accurate targeting of production zones.

The exploratory drilling not only was needed to create an extended mine life but to inform where to progress future ore production. AP saying in a podcast that recent grades have been poorer than expected justify the cost of accelerating the creating of a decline to a lower level where better contact with the ore body is suggested by the current program.

The ongoing issue is whether the costs incurred can be profitably recouped - sadly this has yet to be proven. I hoped that q3/4 last year would show this but evidence is still lacking

Obviously a higher copper price still would still make a lower grade viable but that is out of our or VASTs control- especially when we have never had adequate details over of Mercuria’s offtake deal

There should be an increase in mined tonnes but from what AP implied a lower grade - the volume may compensate overall

Oofy - what a pointless post- neither you. I, nor the gatepost will ever know if the parcel - if it appears - contains the original diamonds, just that the carat weight is the same.

InvestingGenius - re David Ian Jones

If you weren’t just here to flip whatever placing shares you and techguru picked up this time you would know that Mr Jones had previously been above the 3% threshold but like most had been diluted down under that level

Yes he must have picked up some extra shares but that would have just been a top up to his prior holding not buying all 3.12% recently

Don’t worry about the facts though…..

Delayed publication

If it was the buy the SP would have been more than 5% up - obviously a sale /,transfer of placing shares

InvestingGenius you keep mentioning the higher grades at BP

Two points - AP said they have been in lower grade zone so revenue for the last quarter and this will have been under pressure

Second - supposedly the money is to improve access to the higher grade zone found by the drilling - they aren’t mining it yet or if they are it’s not efficient yet

How many did you take in the placing this time InvestingGenius??

AP isn’t scum - within certain parameters he is a very good CEO

His highest priority is to ensure the company has sufficient cash to keep the lights on - he has managed to do this over the last few years

Much, much lower down on his priority list is how retail investors fare while he is looking after priority number one

If one was cynical it could be reasoned that the recent RNS were strategically planned to enable a small rise in the SP to enable the large trade that others have mentioned to make a nice little profit on a T-10 or similar

Whilst these dual admission placings continue without challenge, then it appears some select people - clients of Axis- continue to make a profit from VAST

No details indicating when revenue stream would actually commence

3 card monte misdirect