Member Info for Pecten11

Very good news but will still be a good while before it might generate significant revenues - a lot more testing first

Asher, the ‘tool’ is posting facts, not making SP up/down speculation, nor saying whether an extension will/will not be signed

Obviously that must be confusing in your world - by the way, how are the unicorns doing???

Jediknight ‘Repayment is due on Wednesday’

- do you have different calendar to me?

From last years RNS

20% interest per annum with ability to repay early at month nine. Interest & principal to be repaid as a Bullet payment at the end of the term on Monday 15 May 2023.

The following security has been granted by the Company in order to facilitate the Transaction:

· Alpha has been granted first lien security over a real estate asset in Bucharest, Romania, in order to provide an enhanced security. Alpha is predominately a real estate driven lender and as this transaction is its first mining transaction, the real estate security component was key. The real estate asset has an independent valuation of €9,199,769.

· An existing shareholder of Vast Resources PLC, who is not a Related party under the AIM Rules, has been granted a first ranking security over Baita Plai in return for allowing the real estate asset owned by him being used as enhanced collateral for the funding to be provided to Vast by Alpha. Alpha has been granted a second ranking security over Baita Plai.

As part of the debt transaction and in lieu of the enhanced security being offered the Company has issued Warrants to both the real estate owner and A&T Investments SARL. The amount issued is $800,000 based on the prior agreement of giving warrants equal to 20% of the debt facility ($4,000,000). The strike price will be set at a 20% premium to the closing share price on Monday 16 May 2022 as referenced by Bloomberg.

- Mercuria also need repaying(or refinancing) before the end of Monday 15th

IQ 15.7, adding your normal intellectual debating skills i see……

Is the content of my post accurate, or not?

So until we are told that extensions / renegotiations have been actually signed, VAST are in default of their debt obligations and their primary asset technically belongs to someone else

Can we have a whip round to book AP on a critical time management course?

Hi Terry,

Have you got a breakdown of how many warrants or options and at what price?

Much appreciated

Passiton, I’m not the one who should dig, as I’m not the one who was posting random figures?

I only asked two simple questions, why do you feel the need to take it personally??

Jimmy I wasn’t running salt in anyone’s wound, whether they be up or down - just merely pointing out which claims are verifiable and which ones are not

You could have just admitted the answer is no

Passition, I’ve seen you mention the below before- do have a link or something to back it up “BOD in the past BP at nameplate worth $200m ”

Then you have “Zimbabwe in full operation with BP, a half a billion company ”

So you have a link or similar to what terms VAST will enter Zimb (% of license ), the size of resource and the cost of funding to bring that online??

Or is that finger in the air type posting?

Oysterman, the collateral held by Alpha is over a hotel in Romania - value around $9.5 M, or roughly double the amount need to be repaid

The owner of that hotel, then owns the security over Baita

In theory that’s a very tidy profit.

However, our Romanian correspondent has previously pointed out, might not be worth the legal hurdles that would need to be jumped

So, do they go for 100% return on their investment but have a legal fight, or screw VAST over on terms for an extension - they won’t offer charity

Gibberish, mercuria have already shown incredible patience, extending terms with Vast 3 or 4 times already - as long as they are making a profit out of the deal with VAST and their risk profile hadn’t gone up, they will extend

The much bigger problem is with Alpha who hold the security over the collateral offered with holds Baita - if they agree to extend, you can expect the pips to squeezed hard in return

Oneknows, they knew the deadline was today

The RNS should have said an extension has been signed on these terms…..,

AP hasn’t managed that yet has he?

If your one the lenders, it like a being a cat playing with a hamster

If we see InvestingGenius or techguru posting today then you can almost guarantee a placing arranged at end of last week (would satisfy the documentation agreed part!) to provide stop gap funds

Faceface, desperation of the trolls or those who have their fingers jammed in their ears going la la la la

“ The Company is currently concluding documentation regarding an extension to 30 June 2023”

Could be anything - a straight extension, an extension with a boat load of warrants, an extension with a cash payment(bullet interest), which would need a raise or no extension agreed

If your the lender, VAST are in a shocking negotiation place - what terms would you want?

Shivest, yes that’s sums it up

They knew the deadline was today but haven’t actually signed an extension on whatever terms that will be imposed

Gibberish - how appropriate

‘Meanwhile as CEO has confirmed ’

APs track record re accuracy of claims in podcast is, I’m being polite, questionable

What isn’t questionable is tomorrow being the date re deadline about 4.8M debt repayment

Where you aware of that or just ignoring it?

Maths allows extrapolations from basic assumptions

Thing is, that basic assumption needs grounding in reality

Jarv - Considering Mondays debt deadline, if it is, it would have to be a monster