Member Info for Pecten11

So who thinks the release of the projected ore mining and concentrate figures (which AP had previously said he couldn't release independently) was an attempted ramp to cover the bridge issues and inflate the SP prior to the placing ?

As ever, more questions after a VAST RNS - no explanation of why the shares are being admitted in two tranches - this would normally only happen if approval was needed or there was a separate open offer. Very peculiar

This process 'the asset backed finance' started in March 2020 - hmm, who wants to dig out the previous suggestions this had started previously - which either failed and we were not told, or didn't actually exist

Gemstar, yes Iacobeni was the processing plant for Manaila (trucked from mine to plant)
Would sound about right, that some would have been laid off when the mine was put onto care and maintenance, so likely to have created some ill will, though why would it surface now?

So why bother quoting the next two years ore production, or do think it sounds super impressive and might suck somebody in?
Try asking useful questions, rather than transparent pumping

As VAST are now a producer (again), it's the financials that count, for example------
In Craig's tables, how much, if any downtime is factored in for optimisation, maintenance and 'sh+t happens' lost production time?
Based on the concentrate price quoted, it suggests to me that includes all the silver and gold credits? Is that so? Manage expectations about separate revenue stream, or state(if I'm wrong) when that additional revenue stream might come on line

As QED has rightly implied, are AP group going to contribute to their share of the production costs if they expect to benefit from 20% of the revenue, or are the tables net of AP Group's share

Is the regrind of the chalcocite factored in to the tables, if so when? Is that why the suggested Cu equivalent increase towards the back end of next year ? If its not that, what is the reason for the projected increase?

Rob - Chris can be on the ground all he wants, personally I'll be more happy when Craig gets to the mine site.

You quote 300000 tonnes of production - that's the total ore mined in the next two years according to the plan.

We don't sell ore - we sell concentrate - at the end of the day, that's what matters

So based on the copper equivalent grade implied, the 150 tonnes of concentrate already produced is worth around $33441 or around £25k

Apologies - so the 150 tonnes to Mercuria is concentrate, not Cu equivalent

Starvest, I hope so too , but in which case say 'in addition to', not part of

And the operational cash flow table suggests a total of 281 tonnes of Cu equivalent concentrate sold in Q4 2020 ( so minus 150 equals 131 tonnes sold, not what might be produced)

The Company also announces that it has already 150 tonnes of prepared copper concentrate that WILL FORM PART OF the first sales to Mercuria which is now expected to be delivered in October.
So are we only going to produce and sell another 131 tonnes of concentrate before the end of the year??

1 of these in AMND (amended), followed by 1 CANC (cancelled) if you look at the trade flag, so maybe 1 actual trade.

If you cynical, it's a great way to try and get people excited if they don't look at the trade flag

Rob, as you obviously appear to have a hot line to AP, ask what the safety issue was/is at the bridge?
Is it load capacity? Misaligned rails? No safety rail? How serious? Will it have to get signed off by the Romanian equivalent HSE?

Yrabs - lol

Theres disciplinary action and there is punishment!

Chris - maybe you shouldn't believe everything you read on Twitter.

Rofl

Placing price could be worse, but the warrants will likely act as an overhang for a long while, unless there's something dramatic to hike the average daily volume.
Sadly will put me off for a while - serves me right for not having the right broker

Is it just me, or did AP say in his Vox interview on 11th August that they couldn't release these sorts of numbers unless it was actually in a PFS (though why in a PFS, rather than maybe a BFS, I've no idea).

So the old Baita 6% Cu equivalent is no more - these numbers look more like 3% to 3.5% Cu equivalent.
Still good, but maybe some of Aladdin's booty has already been whisked away.

Good they've managed to produce 150 tonnes of concentrate- I would guess from the pre-mixed ore that had been left on level18 when the mine shut - goodway to test the processing flow sheet and Mercuria will want a test batch to analyse before finalising what it's worth to them - it's that delay which will put temporary pressure on the cash situation

http://www.grvglobal.com/ams20/agenda

JC delivering key note address after lunch - Attracting funds to develop Southern Africa’s diamond exploration and mining potential

https://www.rough-polished.com/en/exclusive/118470.html

Generally all positive , but sounds like everything still on the slow train due to Covid

Proof of the molybdenum and bismuth at Baita - suggests the Soviets were keen to get as much out of it as possible
https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.cia.gov/library/readingroom/docs/CIA-RDP82-00457R004900200002-8.pdf&ved=2ahUKEwjj0OXZiM3rAhX_RhUIHVijCG0QFjACegQIARAB&usg=AOvVaw1B1wlR61R41cP7eDLLc8kT

This wont be contributing to revenue for a while yet - be interesting to see if this is mentioned in the JORC when it comes, though unless they've been doing any test drilling I doubt it

Which of those are you bartlebobton?

A rambling crystal boll%$ presenter perhaps

https://www.ogauthority.co.uk/media/6674/32nd-round-winner-by-block.pdf