Member Info for Pecten11

Sandy, I was deliberately erring on the low side to believe it or not paint a slightly more positive picture!!

But yes, yet another refinance would almost certainly have to occur

Sandy to follow on from your posts, would you agree that VAST will cost a minimum of $10M to run over those 12 months, meaning revenue needed of a little over $18M
Based on an average copper price of $9500 per tonne , I would suggest they would need to produce around 7600 tonnes of concentrate over the year to produce that sort of cash (obviously this is ignoring TJK atm), so Q3, Q4 and Q1 will have to show an immense increase in productivity

DMc, that is by far themost likely outcome but the market can be irrational (for a while)
If enough people want to buy shares at the current price and give Atlas roughly $2.4M- $2.8M profit from this last conversion when they sell them then anything is possible !!

Would be good if VAST further clarified if Atlas have any position re warrants from the original bonds deed??

Sorry Topgun that's not correct
As of 18th May, another 89 million shares (at 0.27) were added, giving a total of 760 million in issue - its thise that Atlas will be currently getting rid of imo

At least APs not guilty himself this time, as his holding has dropped to 2.11%, although he should have issued TR1s after the shares were admitted on the 3rd - really shouldnt be surprising that someone who neglects his personal responsibilities in this way managed to c##k up the repayment to Atlas in a timely manner

Apologies, that should have been the 18th

Noticed that yet again after the admission of shares (in this case the 89 million on the 16th) that David Jones, Shaun Dowling and in this case Atlas havent issued TR1s due to the extra dilution, or selling?

FigLeaf 'This time next week, copper production starts'

Are you deramping now, or just dont know what your talking about?

Jamesjohn, the definition drilling to enhance the JORC is massively overdue and will help from both a valuation perspective plus telling them where to mine!
The $100M valuation for BP is classic VAST extrapolation, based on them being able to mine every tonne of ore, which of course in an underground environment is impossible. Makes the numbers sound impressive, but is actually empty of reality. Upgrading the mine life from only 3/4 years and the confidence in the resourse should give more reliable figures

Jarv, if/when it is, then it should also be accompanied by an admission date imo

Morning all,
The RNS seems to give a good outline re projects but could someone please fill me in re debt, warrants etc as havent been following Coro for a while

Based on this paragraph from the RNS, it would strongly suggest Atlas haent had the shares yet (otherwise VAST could have tried to play hard ball re time), so their profit is yet to come imo

'Application will be made to the London Stock Exchange for 241,799,020 new Ordinary Shares to be admitted to trading on the AIM Market with admission expected to occur when the Company has received USD 800,000 from Atlas Special Opportunites LLC that was part of the full repayment made by the Company (‘Admission’)'

Sandy, imo there is no clarity where VAST, via CAMM are getting the cash from
There are some on here choosing to think that VAST are the beneficiaries of the funding package - err, that's a negative

Sandy, those figures are listed under salary/fees in the annual report

Erebus, AP's salary is $227k, with total board salaries being around $750k

GA, currently just over 16 million shares, about 2.63% though that % will drop further with the issuance of the Atlas shares then the placing next month
The chance to get rid of him was last year, but as Sandy pointed out, actual shareholder activism on Aim is woeful

GA, officially none, though APMG still somehow still hold about 2% (couldn't work out how, but think it was in one of the mortgage agreements)

Faneata was supposedly going to get it's own JORC resource - wonder who got the money for the drilling - if it happened of course, as that just fell away into Vast history

'This is a long-term investment so 5-10 years where we should be over £1.'

Have you got a gig booked at the Edinburgh Festival? - or work in effluent management for Thames Water?