Member Info for Pecten11

Visainnx, I hope not, but if you were the lender, you'd be asking serious questions re the competency of the company

Mickey, understand that VAST have to contribute their share of that $20M -

Visainn
'Do they now keep the new 4 mill plus the returned £800000-------- that's the implication, unless the lender now questions the deal

Why in RNS are they getting undertaking from Atlas not to issue any further conversions. Surely Atlas our out or are they? ------- Atlas should be out, but this happened because under the revised bond terms in 31st Jan, VAST lost any right to settle in cash

Mick, if I was being cynical , the 'crew' have already been in action trying to sustain excitement to maintain volume to allow Atlas to make a big fat wedge

Sadly no surprise re Atlas and they've sat on the MOU RNS until now to try and soften the blow
Still dont explain how much of the upto $20M that VAST will have to contribute to the JV - standard AP 3 card trick imo

Rob, looks like you've had your hands full today......

Noticed that none of the new arrivals challenged FigTime assertion re the amount of ore in BP when he was actually quoting figures that apply to Ro?ia Poieni instead

Wonder why that could be?

FTH, if you read the website properly, the billion tonnes applies to Ro?ia Poieni, not Bsita Plai

FTH, how much of Baita Plai's JORC falls under the Measured Category ?

Try some yoghurt.........

Well spotte dkay

They dont show on the actual London Stock Exchange site, which should be the primary data source
https://www.londonstockexchange.com/stock/VAST/vast-resources-plc/company-page

Kewben 'Was their additional debt to Atlas outside of the bond??'

The bonds accrued interest.
In the early months, VAST RNSd how they would settle those interest charges, normally in shares iirc - they stopped doing this, leaving the assumption that the further charges were settled in cash, but I have no recall of that ever being stated explicitly

Onaplate, yes, shares admitted today from 6th May conversion
https://www.vastplc.com/investor-information/shareholder-information/

Shares in issue 760,512,143 as of today

RKB, well they correctly updated the number of shares in issue as of today, but didn't follow that up re major shareholdings

Casper you kinda ruined it with 'we have our shareholders to look after'

Went from being amusing to patently ridiculous.......

Attary, if there is a big sell order being worked, remember Atlas had 151 million shares admitted today from the 6th May

"2. Why ATLAS making so much fuss if they hadn't.........yjey have already rinsed so much of vast.....could have easily walked away...with high heads..."

$800, 000 with of shares at 0.27, opening the door to another fat profit that's why.
Not saying I agree with it, but the motivation is obvious

SFO1, as has been previously posted, the terms of the bonds were revised on 31st Jan this year

Details of the variation of terms of the BID are as follows:

The conversion terms have been amended to a price per Ordinary Share in the Company equal to 90% of the daily Volume-Weighted Average Price published by Bloomberg of such Ordinary Share for any single day in the 20 Trading Days immediately preceding the date of delivery of the relevant Conversion Notice where such single day is chosen by the Bondholder and notified to the Company on the date of delivery of the Conversion Notice and the right of the Company to make a cash alternative election shall cease.The Company has the ability to redeem the bonds at par value on any given trading day until the revised maturity date of 30 April 2022.Andrew Prelea, Chief Executive Officer of Vast Resources PLC, has agreed to escrow an additional 15,000,019 Ordinary Shares of Vast Resources PLC that are beneficially owned by him as additional collateral for the obligations of the Issuer under the BID.

Yes, if it goes against Atlas they should suffer reputational damage, but they would just change names and carry on, as the companies that have to resort to bucket shop finance dint have a lot if choice
Look at any if the CLN providers and most are reviled by PIs, but companies keep drinking at the well