Member Info for Pecten11

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?

IQ15.7 “ Stick to fact and not story”

I don’t remember you ever posting a fact rather than an opinion about VAST….

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

Mickey, why not a triple decker, superdooper, rocket ship to the moon which finds the clangars are alive and well

That might catch a few out

Strange how you never comment on the billshutters that post overblown (institutional haha) and ramptastic comments Firwood

But of course, you’re the only balanced poster here…

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

‘CEO bought £80k at .55 recently - he knows more than any one here or there.’

Yet he still only hold a little over 1% of the shares in issue - and the BoD in total only 1.3%

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

Malpenn, so how much of that claimed in situ value has actually been realised in the first two years of that 3-4 period??
Perhaps it wasn’t entirely accurate…..

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

darkroom 'There is a lot more mouth than money on discussion boards.

Very true and exactly why i asked you the question...... after all you were the one who suggested the mcap should be twice as high

Darkroom ‘1/3 of what it should be just based on company assets and existing performance’

Can you break down what value you ascribe to which assets and why?

Urai5, pick any AIM miner/exploration company and they all claim to have a hugely higher potential in situ value than their mcap - how many times does that become reality?
Potential is great, such a shame that reality raises its ugly head.....

So the previously announced plans to drill Antoniou North to work on the exploration target there, have either been conveniently forgotten or the results weren't good and we havent been told, as it's all about delineation of Antoniou to a couple of lower levels and now the Baia Rosie skarn
I'm guessing it's because the extension of a couple of levels down doesnt add enough to life of mine, or wouldn't be enough to satisfy the requirements the license extension

Edd, you must be hard of reading - as my earlier post said, its good that we have more detail around the now essential drilling programme, but it's not gonna make any difference to the SP in 2023, but is critical to ,icense retention in 2024

AP has a track record with drilling and JORC info, he repeatedly and incorrectly stated that the current Baita JORC was measured, indicated and inferred - err, wrong, just being a salesman
I dont recall any results from the delineation drilling that was RNSd las May(?) and we've never had the JORC report for Bluberry after shareholders stumped up money for a drilling programme, so forgive me if I want to see actual drilling results before I get excited

Sorry that was a genuine typo - meant lips not lies