Member Info for Pecten11

Wow, officemanager is still here, contributing nothing other than derogatory personal comments

Quelled surprise

Re your VAST query
The company has given specific value of revenue per tonne of concentrate, but I estimate they receive $2400-$2600 for an approx 25%-28% concentrate with gold and silver credits
If they achieve 7000tpm then they may be around operational breakeven, but plan on second mill coming onstream Q2-Q3.
However, non board headcount is 390, so opex is high, even with Romanian wages, so any volume miss is very costly as, so far they've proven by continually needing cash
Estimate they need approx $20M in revenue to cover opex and debt repayment by May 23, otherwise default or yet another costly refinance

Re your VAST query
The company has given specific value of revenue per tonne of concentrate, but I estimate they receive $2400-$2600 for an approx 25%-28% concentrate with gold and silver credits
If they achieve 7000tpm then they may be around operational breakeven, but plan on second mill coming onstream Q2-Q3.
However, non board headcount is 390, so opex is high, even with Romanian wages, so any volume miss is very costly as, so far they've proven by continually needing cash
Estimate they need approx $20M in revenue to cover opex and debt repayment by May 23, otherwise default or yet another costly refinance

Onaplate, wasn't exactly part of the daily grind :))))

Furball 'And CU is only going one way….'

Run the LME copper price (cash or 3 month contract) from the start of the year - it's been up, it's been down, but it's pretty much the same price as 1st Jan

As for 'low cost producing mine' - VAST have said in the Q&A they wont release the AISC figure yet, so shareholders have to way of knowing its that's true

Bridgedogg, you’ve been around for long enough to know better

If you can’t argue the points, debate the poster is about the weakest and most pathetic response there is

Hi Onaplate, saw your Q yesterday but was busy on a client's site

Off the top of my head, though would need to ho back through annual reports to verify, I thought that the highest recent debt figure was around $22M before they got rid of Pickstone-Peerless around April19

Yes, most of them were mine - actually surprised they answered them
Interesting answers to Q32 and Q33, though in reality, says shareholders dont need to know, they can wait for results
Good answer to Q34 (probably from Craig H)
Inaccurate answer to Q38 - (probably not from Craig H) exactly the same quantities of ore are assigned to the indicated category as to the measured and indicated category - thus there is nothing solely assigned to the measured category

Strangely though, for an open forum, there were additional questions submitted that havent been answered - even if the answer was 'we cant tell you'.
Isn't that's a fine way to build trust......

FigLeaf '22 greens on my screen since 9.00am.'

Well if ignorance is bliss, you must be really happy.......

So if you participated in the placing on 12th April, you can, after the GM, cash in your warrants for a nice fat profit.

Makes you wonder whether all the ramping has come from clients of Shard and Axis to try and keep the SP above their strike price - would make the brokers look good too.
It will just those unconnected PIs who still hold, who, in effect be just handing over their money

Please correct me if I'm wrong but think the closing price was 1.2, so that would mean a strike price of 1.44, so just over another 44 million warrants

Invest4, there are 160 million warrants at 0.00525 from the placing on 12th April that need approving as part of the headroom plus an additional $800,000 worth of warrants at the closing price on 16th May(??)+20% from the refinancing RNS

Bridgedogg, perhaps it is in APs control to not try and continually deceive (potential) investors ahout the current JORC - yet again on the presentation and his spoken words, he claims measured, indicated and inferred figures of 608k tonnes of ore.

Read the JORC, there are no resources in the measured category
He's been challenged about before (by me) but still continues to mislead. Yet you still want to believe his 'imminent' and 'likely' and 'good things come to those that wait', when he cant even get facts about his own company right.

Nevergonnaretire, the volume is dropping daily since the spike, so it will take Atlas longer (unless they've shipped loads to other brokers, but really still the same problem) to offload their 0.0027 shares.
Problem is even if they move them, 463 million at 0.007 will hit the market next week - that's gonna take a lot of churn and likely pain for those holding from current or higher prices

Bridgedogg, you link the Andrew's excitement to a community cow dipping facility - maybe there is a subliminal message in there to you.....

Trying to ramp VAST on the basis of Zimbabwe is like throwing a drowning man both ends of the rope

Anybody care to comment re the content, not the poster
————
Firwood your 21.15 is spot on. If AP had been able to get Swiss Toni over the line when we first told final paperwork was being drawn up then Atlas wouldn't have been able to issue conversion notices for around $3.2 million.
His inability to get the deal done then caused dilution from 213 million shares in issue to over a billion again - that lies firmly at his door.

Andrew Hall's contribution was largely waffle and if, a he claimed he was brought in 2018 to find more traditional sources of finance, then he hasn't achieved a lot in his time. Plus it stuck in the throat when he said he felt shareholder pain - yes, he has been diluted too but only owns a poxy 115000 shares, so I'm sure his pain will be mollified by a paracetamol!
If he, AP and PF now buy in the market, great, but the question has to be asked if the direction of travel is so good, why havent they done so before (plenty of opportunities before the current closed period) - unless they knew that this level of dilution was coming down the line

#Rick123, you seem to be the angry one here

I take it you are special and no one is allowed to disagree with your narrow point of view?

They both referenced having cash in the bank as positive - of course it is, but that money has been raised through the placing (and Atlas **** up), so basically they gave it the big ra ra because they will dilute shareholders by a further 45% when the GM vote goes through.
Get a rising bank balance through organic growth and I'll say well done, until then it's just spin

Firwood your 21.15 is spot on. If AP had been able to get Swiss Toni over the line when we first told final paperwork was being drawn up then Atlas wouldn't have been able to issue conversion notices for around $3.2 million.
His inability to get the deal done then caused dilution from 213 million shares in issue to over a billion again - that lies firmly at his door.

Andrew Hall's contribution was largely waffle and if, a he claimed he was brought in 2018 to find more traditional sources of finance, then he hasn't achieved a lot in his time. Plus it stuck in the throat when he said he felt shareholder pain - yes, he has been diluted too but only owns a poxy 115000 shares, so I'm sure his pain will be mollified by a paracetamol!
If he, AP and PF now buy in the market, great, but the question has to be asked if the direction of travel is so good, why havent they done so before (plenty of opportunities before the current closed period) - unless they knew that this level of dilution was coming down the line

Tools are also hereabouts

That maybe a typo, maybe not