Member Info for Pecten11

Thanks Firwood

So the interview was released on the same day as a £2.38 million pound placing - I’d forgotten about that particular piece of timing

So was APs participation in that placing poor judgement around the price or just a necessity in PR terms to get it to the market?

Cahus, there is nothing wrong with being positive about something where you have a financial stake - however, imo, being a dreamer about it could turn into a nightmare

Zimbabwe is still a member of the Commonwealth - so an invite would be expected

Kever can you post a link to that interview?

I may be wrong but I think the interview was released on the day of one of diamond hype RNS when the price spiked

If, however, it was recorded the day before ….

Cahus - thanks for the giving me the giggles at the end of the week

‘I do not think the value would be less than £100m’

So, ignoring the legendary diamonds for a minute - VAST in effect mortgaged their primary asset - Baita Plai- against an asset worth around $9 million dollars.

So did they massively under estimate the value of their own asset or is that all its worth considering the state of the rest of the company - or do you have an astronomical valuation of the diamonds in your mind

If that’s what you think it’s worth, then table a bid, I’m sure you can get some banks to support you??

Muck, iirc, don’t forget nominal value is 0.01p

Sandy I’m fine thanks - nothing a proper undisturbed nights sleep wouldn’t cure

Would love to know more about your venture - though this forum may not be the best place to discuss - after all, there are so many business experts that you may drown in advice…..

Had another quick look at final results - board salaries up to $968k - looks like Andrew Hall had a $87k pay rise. Next year should be lower since Craig resigned. If I’m reading it right then AP deferred around 15% of his salary for the year - though it doesn’t say until when.

Haven’t seen this figure before - BPPM cash cost per tonne $5407. To be fair that’s an improvement of over $2000 per tonne on the previous year, which is likely to be from the long hole stoping.

Still feels very high for ‘Aladdin’s cave’ though

It would appear that concentrate sales only brought in $2.66M for the year (with another $1M for services rendered) - maybe the consultancy route is a good way forward as the level of risk would be far lower

Why did you get kicked out ??

Telegram groups for those who want to live in an echo chamber - different opinions, whether right or wrong are rarely tolerated

Great if you’re the admin, shot for anyone else

Imho

The most interesting recent fact is the size of the concentrate stockpile - is that purely a strategic VAST decision due to copper prices/ shipping costs or is it dependent on Mercuria only being interested in very large shipments to fit in with their refining partners needs?

After all the production costs have already been incurred and in a business where cash flow has always been tight it appears strange

Sandy, not like you too get so annoyed - even though I totally agree with you !!

But then you think about the actual business not ramping up the hype for a swing trade

So it’s based on a statement in a podcast, not an RNS or any actual evidence

How many similar statements have actually come to pass

Bit like raising money for the (Stockportfred’s baby) Blueberry JORC compliant resource ? What was that - 4+ years ago and still no sign

Kever ‘VAST will be debt free.’

That’s a very confident statement, so how much, gross and net of costs do you expect VAST to receive??

Stockportfred- you love mentioning Blueberry - so using you knowledge and experience, how long will it take to get Blueberry operational as a mine???

Dbh - very sad, resort to the personal attack rather than trying to answer the question

Well I’ve followed ziq and a few others by averaging down

The drop has been on such small overall volumes it does feel like a forced seller having to take anything they can, so the bounce should be positive

How does it take 3 weeks plus to actually sign off the legal docs for the debt extension??

Not for the first time ether

Might need to move your decimal point Billy

Sandy, thanks for having a go at ballpark numbers - when so little info is provided, then can’t do much else

It also doesn’t provide any info over how long it took to create that much concentrate - is that all since the JV signing and start up?

After all its stated as the first shipment, not monthly production

Re the 5% net revenues of the new deal, that will then be minus whatever management costs VAST incur - but as has been said, that’s sometime off into the future.

Was gonna ask which calendar he uses?

Or would that be witch calendar? Lol