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Good grief, posting advice from magmanus, teaching his flock to stop constant, repetitive, tedious and purely speculative content - has he looked back at his own posting history - lol
This bb really does attract them all….
As VAST haven’t actually said what is involved in the diamond settlement process it is all speculation
They may well have had to promise to reinvest a % of the value back in Zimbabwe (so shareholders never actually get told the true value?) - which, for all those who hope that finalisation of the process will open up the possibly of the Chiawadza Trust JV actually getting off the ground would be a good thing, as since Atlas have departed the scene, it would need a source of funding
Will there then be enough left to pay off the debt cliff due by mid May or will they have to try and renegotiate the terms (already paying 20% interest bullet payment)
Rockfordd “ I would estimate that more than half of the placing shares have been forward sold over the past couple of days.”
You mean that the placees have no faith in the company so have forward sold the shares that haven’t been admitted yet
So they benefit from a small profit and poor PIs who buy them are left with the shares that they have no interest in holding - so why should anyone else?
Sandy - as ever, thanks for that
So a full Q of long hole stoping only increased ore production by 20%?
Both mills are operating - the Moly line has been commissioned- what other improvements have been announced or even hinted at?
I’m some ways that’s a solid improvement, however, it, as you calculate, is nowhere near enough - on what basis, and using what improvements/new equipment can that gap be filled - who knows, as unsurprisingly there are no details to how it would be achieved ( plus any new kit would have a supply delay involved and the size of the raise means it can’t be anything significant)
Yet again the placing done in two tranches through Axis - nobody else ever queries why? Normally, even on Aim, this only happens when a second tranche needs shareholder approval as a headroom limit has been reached - but VAST is consistently different.
Those who have supported raises for VAST in the part will probably get first bite of the cherry to flip the shares for a smallish profit, while the likes of the coincidentally (???) newly returned InvestingGenius (where’s techguru??) build the ramp to allow them (previously admitted to partying VAST placings) to offload - rinse & repeat
Stockportedd, you’ve had a week to try and substantiate your “AP has institutional investors” claim
Still not seen a reply ? Is that because VASTs own website disproves your claim?
Surely an experienced investor like yourself would like to put the record straight?
‘If all good news comes out this coming Tuesday we expecting to go back to 1p? Or can we push higher back to 2p-4p?’
The share price is an expression of the mcap- which is currently £113M
How much could great wireline logging results add to the mcap? £50M? £100M? Then backtrack to the SP based on 20 billion shares in issue
Before a flow test shows commercial extraction is possible, the idea of 2p, never mind 4p seems fantastical even with a reddit hype
Evraz, a couple of Qs related to your copy/paste
- what level of confidence is attached to the JORC report referred to?
- it refers to the Antoniou North skarn, why has that been entirely dropped in the new drilling plans in favour of Baia Rosie, but shareholders haven’t been told why?
It should be a record quarter - however, record doesn’t necessarily mean CF positive, even just at BP level never mind topco
Will they actually publish any useful numbers for a change ?
Hi Sandy, while I agree with a lot of your post, I’m not so sure re this paragraph
‘The main thing this RNS does is to allow Vast to put up a defence against any claim that might be brought by a creditor from May, in the event that such a creditor (which would be Alpha, not Mercuria) plays hardball, i.e. the company has confirmed - both legally and, now, politically - its entitlement to an asset.’
I don’t think it creates a defence at all, apart from one of the creditors potentially accepting legal tenure over the parcel as payment (in whatever %) against their outstanding debt. Just because you may have an asset, if you can’t realise it by the time a repayment deadline that’s your problem not that if the lender imo
Afternoon Sandy, as ever a shame to see most of the new converts to VAST don’t seem to have the knowledge to interact with your good post at 14.23
Yes the improvement in copper prices in the last quarter will have helped and the long hole stoping should have increased the tonnes mined, however, costs will have gone up but crucially have they managed to achieve around 27-28% concentrate
If they once again fail to publish adequate figures to show cost/revenue then it will confirm to me that the diamond news was a blessed coincidence to get the placing away (for more cash than they would have been able to manage without it)
The clocks ticking on the mid May timeline
Hasiba’They can’t be directors sells, otherwise they must be declared through RNS…’
I’m not suggesting they are director sells, however, AP (and others) have an absolutely shocking record of complying with TR1 rules, as he didn’t notify the market at any point during the time his holding fell from around 12% to under 3%
Of course as CEO of a listed company he may not have known the rules or thought he was exempt…… lol