Member Info for Pecten11

Well done Rick, good to see copy and paste still works
I dont think anyone has ever denied Craig's qualifications, so what point are you trying to make apart from shunting Jayfella's post further down? Or are you just desperate to be accurate about something for a change?

Jayfella, dont forget that the current JORC only has figures in the indicated and inferred categories (lower levels of confidence), even though VAST still try to imply otherwise.
If it had had more definition, they would have had a better chance of identifying the friable sections before they tried mining it.
The drilling planned for this year is not extensive in terms of numbers of holes or length, but should add some to the resource figures but more importantly give them better information on which areas to actually mine

The spurious information will continue sadly, last week FigLeaf was trying to claim Ro?ia Poieni's figures for Baita.
It would be funny if it wasnt so mendacious

JamesJohn, the $20 mill refers to the second project iirc

Do you believe that VAST will receive a share of $20M?

Joey, re the funding of $20m, VAST dont receive that, they have to contribute towards it

The claimed 46p is from an out of date broker note

QED 'Has the writer not considered that there was a 'secret agreement' between Vast and Mercuria for the concentrate at Baita Plai?.'

Its never been a secret that Mercuria had an offtake agreement with VAST - obviously the specific terms will be covered by commercial confidentiality clauses.
It has been previously debated (a while ago) what form it may take - VAST will get a premium to the copper price for the gold and silver credits, but this will then be reduced by Mercuria's margin, whether it be a fixed discount to the spot price, or a percentage discount or even a combination if both.
Obviously that price is then adjusted by the grade of the concentrate shipped

Using Q1s figures anyone can have a go at working out an estimated average price received per tonne of concentrate - though VAST says shipping times are different from production, they had previously notified in Q4 that around 10 tonnes of concentrate was carried over into Q1, so the production figures should be a fairly reliable guide imo.

As to the costs, myself and Sandy have estimated figures, but they will be very rough estimates as energy prices will also undoubtedly be having an effect - but using last years annual report, anyone can try to come up with their own estimate
From that point add those costs onto the debt that is now scheduled for repayment in May next year and divide by the estimated concentrate price per tonne.

There is of course, one other essential factor after assuming that the Mantis rigs do actually increase mined tonnes by a factor of three ------

FunkyG, nice link and at least it's to something relevant to the company rather than just the share price. We have to wait for quarterly figures to show how much difference the mechanisation will actually make

However, in the 31st Jan RNS, VAST said to ignore any previous guidance/forecasts
The period reported herein is the calendar Q4 figure for 2021. As the Company moves towards ramping up production, introducing new equipment and adding new concentrates to the production, the Company would like to announce that the previous forecast guidance given to the market, most recently in an announcement of 25 October 2021, will be superseded by the new regular quarterly reporting in line with normal corporate reporting procedures and such previously notified guidance should now be ignored.
'

'Filter the noise and look at the facts;-)
60+ million MC short term IMHO'

Look at the facts says the poster who then expresses an opinion with no facts to back it up

yeah, so what

a random website blogger is talking his own book with variations of copy and paste with no added value of attempted analysis
barely worth the energy needed to host on the web imo

FigLeaf, here is a thought, do you think VAST should spend some of the $800k they've got back from Atlas on a spare CMR4 rig, as if they have problems or god forbid an accident (it is an underground mine after all) then in my opinion they have no chance of producing enough revenue by May next year
Having appropriate redundancy is good business practice imo

orificemanager, Sandy is a he btw
And if you think poking fun at someone who obviously knows more about VAST than you , makes you look clever, I can assure you, it only does the opposite
Try engaging around specifics to do with VAST, it may be beneficial

Mickey, care to share the benefits of your research and explain what diamond drilling you mean?

Sandy, what at astute observation, as the wingman's job is meant to try and make the principal look good - relatively speaking of course - then I think you've summed them up

FigLeaf 'Preference is ramp-up production in romania, at a minimum achieve forecasts / tonnage / cash forecasts per quarter as set previously 12months back,'

The only option is a ramp up of production at Baita Plai
Btw, VAST themselves have said to ignore previous production guidance and forecasts..

Would you care to try and do some calculations round how much ore they need to mine, mill, concentrate and sell to settle their debts by May next year?

Maybe because there is a Crocodile in those waters ........

FigLeaf, even VAST havent sunk to the level where they think ramping based on Zimbabwe is credible

There are none so blind than those who choose not to look, nor those so deaf that choose not to listen......

Mickey, which RNS? The one where the chairman talks about requesting an additional 47% headroom to allow for the planned dilution?

Malcolm, that depends on your point if view
AP has been successful at bringing cash into the company to keep it in existence - however that has been at the expense of shareholders
So whether Brian Moritz is prepared to overlook the, at best, continuously ambiguous communications, against the cash is up to him and his reputation as a respected AIM chairman

Aspenwood, dont worry, I dont think anybody would consider you as a big poster name

It was obvious from the size of the collateral compared to the loan that SwissToni could see the size of the risk
Just hope AP doesnt end up swimming with the fish if the numbers dont stack up in the end