Member Info for Pecten11

Quant, I wouldn't dream to speak for Sandy,as I'm sure he'll correct me, however, it's less to do with an obsession about the share price, it's more to do with proof of progress and the closing of the belief gap that VAST will become profitable at the topco level.
I think we've both acknowledged positive moves ( the rigs and the second mill line fall into that category) but we've both seen that transparency has been, and continues to be an issue. Anyone who chooses to only see positives and ignore challenges and tries to sucker others in with that attitude is foolish and dangerous imo

Is the spread actually 33% ?

Definitely the first time I've been called woke lol
The only payroll I'm on is my own - what about you?

Quant'Naysayers are here for a reason'

As I'm not one of the ra-ra brigade, then I assume I must be a naysayer

One of the reasons I'm here, is to try and keep a sense of reality on the bb, rather than blindly optimistic speculation that is generated by some of the recent visitors.
You wouldn't want people to invest in VAST without looking at the full picture, would you?

Quant, this bb has an uncomfortable and costly history with the word 'imminently' - please use something else (unless you are actually AP, in which case it is to be expected......)

Iceman, you need to add a few more exclamation marks to your ramps for them to have any effect....... lol

Like everyone else, contrarian123 is entitled to his opinion, however, why does he feel the need to snare it here.

Other posters/shareholders have an obvious vested interest - are you in search of beatification? Or just being mendacious?

This nonsense could have been avoided if you didn't post nonsense

'Its a pity you provided a link to the spot price for industrial copper concentrate rather than pre processed concentrate (powder) direct from the mine.'
For the final time, follow the link to the LME - it is copper metal
So it's not a pity - it's just that you are wrong

Jeez........

'I think you need to look back at what I posted. The production costs for concentrates from ore are higher so therefore its a given it is going to be a higher price than for metal.'

WtF - can someone with more patience do me a favour please......

asimple, I have a good idea of what %concentrate VAST produce.

'The price you quoted is as accurate or inaccurate as you wish to perceive it to be, as is my own'
- it's not what I perceive it to be, I provided a link to information from the LME - it's not my perception of reality

However, you have quoted a higher price per lb for concentrate than for metal. Do you accept your error?

asimple 'The updated price therefore is $5.7685 per pound but still not $8000 per tonne.'

Sorry, but baze on what?? What %concentrate have you assumed to get the above figure??

asimple, your post '$3.3575 per pound or $3357.50 per tonne'

I'm sure you'll agree that cant be correct, that's why I've provided the link to the London Metal Exchange so anyone can verify

Of course, the part conveniently forgotten by most of the rampers is VAST produce copper concentrate not copper metal

asimple, copper price on LME for cash contract currently $8600 per tonne
3 month contract $8400 per tonne

https://www.lme.com/Metals/Non-ferrous/LME-Copper#Price+graphs

FigLeaf, your posts frequently cease me up with laughter. Thanks for that

'as long a we do produce 500ttonnes or 2000tonees anyday.' - tonnes of what?

'our costs are the lowest in the world' - based on what? What is VASTs unit cost of production? Want to provide a list of other producers costs to compare - seeing is believing

Faceface, are you the only one who didn't realise that 460,000,000 placing shares at 0.007 were also released to the market last week - they will have a dampening effect for quite a while

FunkyG, I hope not, as based on when the Mercuria offtake deal was done, copper was a lot lower
No mention I can recall of any hedge

Think he was referring to Caracal

Sandy, re Marcus Brewster, couldn't agree more
Employing someone competent with a good track record but then losing them quickly doesnt inspire confidence

Sandy, thanks for the reply
Re 'So AP has been in a bit of a bind. Spend a load of cash on drilling to prove what's already known if you look at the historic drilling data, or prioritize the spending on getting the actual mining moving. I'm not unsympathetic to his reluctance to focus on drilling for the sake of formalities.'

I understand the logic of trying to fo it in the cheap, as compared to a pure exploration play, obviously there is a historic resource there, but think they got the balance wrong. Some more drilling to verify more of the NAEN data would, I think, have given greater confidence to potential lenders.

It comes back round to the yawning discrepancy between what VAST claim Baita is worth, compared to how lenders see it, if its not confidence in the asset/resources, then is it AP himself that raises the height of the hurdle?