Member Info for Pecten11

Remember this is from the tailings so the carat yield will, imo, be noticeably lower, so don't get carried away.

However, the turnaround from granting of the permit to first recovery is very impressive and the deal with Vutomi means it's also in their interest to maximise returns asap

And its cancelled ! Gotta love the clarity lol

That's a big trade gone through - has filling that been the cause of the muted reaction so far?

Thanks for that Thomas :)

Am surprised the volume is so low considering the news - the future of Savannah is not dependant upon the retail pi, but do you think the complexity of the deal has, upto now, put retail punters off?
When the financials are more definitive will that generate new interest?

Ah bless, Hawke's missed out :(((

Joey - 'Also it means that each share is always going to be worth less than one in which they have a lower volume of shares issued' - not necessarily so, if the %SP rises more than %dilution, that means your proportion of the company is worth more.

Otherwise why would any investor take place in a second or further round of investment?

Pretty standard for a post agm RNS

Wipe your keyboard down with toilet paper before clicking post....

" I invested because of the lower shares here compared to EUA"

One of the funniest posts I've read on any of these bbs - pray nobody actually invests real money with that sort of rationale
Like comparing apples and stairs!!

An observation, which of course may be entirely coincidental 'The subscription is by an asset manager specialising in natural resources.'is exactly the same phraseology used in VAST's RNS of 1st October.
No subsequent TR-1 appeared

If you're so outraged, but some shares, go the general meeting and confront them

If you're not prepared to do that, go to a balloon fair and release your hot air where it may be welcome

Toblerone, resources not reserves. Big difference.

The proving up from 2C, is what gives the scope for growth

Would still suggest, based on the MoU minimum, revenue of $2.25M per year

1 MCF is avunit of volume equal to 1000 cubic feet, or about 28.317 cubic meters, so you can reduce your figures by that factor

You lot are too quick, I was gonna offer all mine to greedfear at £0.025 !

Piker I didn't say they wouldn't be, just that they wouldn't be available all in one go
It is factual to say that 538M warrants are attributable to tranche 1

Correction RE my own post of 9.54 - tranche 1 would need to be repaid within 6 months not 12

Gemstar, imo, the warrants from tranche 1 will be redeemed, so as I said earlier this will create dilution of a little over 5%, but will give us some more cash.
What would be interesting would be if the SRK reports have suggested a better return from BP than in the illustrative example in the Baita presentation http://www.vastplc.com/wp-content/uploads/2019/04/baita-plai-polymetallic-mine-presentation-2019-.pptx
I wonder if we will get a look at the SRK report before the GM vote (personally doubt it unfortunately)

The threat of possible refinancing over the next twelve months (Swiss Tony securitising future income from BP when fcf starts rolling in??) should scare potential short traders, as if it drops, that worry about future dilution would evaporate and create a major SP bounce

If 'Swiss Tony' comes through, probably all the better, depending on the coupon of course

Pepco, i believe the 538M warrants that would be due via tranche 1 (Piker's larger figure only applies if all 4 tranches are applied) , would equate to dilution of 5.26% and of course deliver an approx additional $1.8M in cash to Vast if they were redeemed

Personally, I think, as others have suggested that the plan would be to refinance tranche 1 within 12 months of the deal.
How? If, as we are told, BP is in production by year end (??), then next years annual report would show how much fcf is being generated and much more accurate forecasts be available going forward.
That would hopefully be illustrated in a higher SP, which would create capacity for a placing between year end accounts and 12 month anniversary of the tranche 1 being drawn down. The placing would be used to repay Atlas, with less dilution than allowing them to convert the bonds.
Risks are obviously that BP doesn't produce enough, quick enough, at good enough grades and macro conditions affecting the commodity prices that Mercuria would pay ( which I think is based on a % of the spot price - ie not fixed)