Member Info for Pecten11

Nom, thanks for looking

Had hoped your wizardry and well placed internet savvy would have broken the curse lol

Pauly80 - this isn't the answer you are looking for, but I truly mean this - dont act on anything you read on these boards.
Sometimes you will get links/suggestions for ways to do further research but dont take anything for granted and when reading company releases, pay lots of attention to how things are phrased, which isnt necessarily what you want them to say.
It's your money, it's your judgement

Dont suppose you've got access to ShoreCap's note yesterday re VAST?

'(That broker prediction/valuation was interesting.)'

Is that the outdated one from last year that is being pushed round Twitter ?

FigTree 'Company RNS for Q1 was excellent and this Q2 and the next Q3 brief is as pleasing to the ears as the news sinks in. A company reporting a it is on a major comeback it seems.

If they cant get the perpetually delayed refinance over the line there is a good chance VAST wont see Q3

Over 90 million shares to be admitted at 0.27 - that's where the profit is and its PIs who are providing it
Sad but deja vu

Well done on VAST today Troaj - when it was hitting lows on Friday, I was actually tempted by a trade but free cash is in SAVE and it was having a decent day. C'est la vie
Huge factual holes in the info the company releases, so will still challenge the bull$hit and they haven't hit a timeline in three years. If the management have got any sense they actually should place now to get the money they need to stay solvent over the next 4-6 months when, in theory, they may actually be producing at a profit

Iceman "DON'T LISTEN TO ANYONE HERE!!!"

At last, something I can agree with .......

Iceman "BOD SAID THE MINE WAS WORTH 100 MILLION POUNDS!"

If its worth that much, why did it only generate revenues of just over 200k DOLLARS in Q1
Or why can't get get proper finance?
Or, just maybe, the BOD were wrong.....

BiilB, I have no problem with people trading and making a buck

If they try doing it by posting false or deliberately misleading information however.....

You've been around for long enough to know when something is being ramped/pushed - just hope you've learned enough to get out before those who started it

Sorry, but your wrong, the current copper price is very similar to that of Oct 2021
notice you didnt address the production shortfall in that prediction

Mark your tweet is very misleading based on outdated ShoreCap note

Vast would need to increase production by 10x at Baita (based on Q1) to hit the concentrate figure and there have been over 228 million shares added since the start of April (including todays conversion notice), never mind from when the ShoreCap notice was written

Anybody got access?

Dicko 'Yes the drlings rigs arrived mid April along with the other Machinery'

Use your finger and follow the words - ahead of arriving on site
In other words, not on site. No stated date of when they would be onsite

Check our new Mantis CMR4 Jumbo Drilling rig being put through installation tests ahead of arriving on site at Baita Plai.
#VAST https://t.co/4fxuq2r8KN

Re the Mantis rigs, they are not currently in use, even if they are in country
The RNS states 'is to be deployed' and 'will be deployed' - in other words, both are future events

It goes on to say 'The changes outlined above are forecast to result in substantially increased production of copper concentrate, commencing in June 2022, and are expected to be reflected in results from Q3 2022 onwards.'
- so increases in revenue from Baita will only be seen in Q3
Fine, it's a plan, but if VAST havent refinanced Atlas (and Mercuria debt), then Q3 will be way too late
And bear in mind, that's revenue mentioned in the RNS, no indication when that would actually mean profitable at a group level

News from Baita wouldn't have been good enough, so instead a bit of Tajikistan fluff to give Atlas a nice profit from their recent conversions

From Wikipedia
https://en.m.wikipedia.org/wiki/Tajik_Aluminium_Company

'The President of Tajikistan, Emomalii Rahmon, personally oversees TALCO and according to The Economist, "Each year, TALCO produces hundreds of millions of dollars in profits that are routed to a shell company in the British Virgin Islands".[1] According to a leaked cable written by the US ambassador in Tajikistan, this shell company is controlled by Emomali Rahmon'

If the following extract is correct-

'Under the Master Agreement the Mine is to produce approximately 7,000 tonnes per month of ore containing no less than 1.5-2% lead, 1.2-1.4% zinc and 27% fluoride of which two months production has been stockpiled on site ready for processing to commence in Q2 2022'

Then, if processing is commencing Q2, how are VAST showing income from this project already??

Interesting, two directors, AP (49% holder through VAST) and his recent Romanian pal, Mr Vasile Sebastian Albulescu (51% holder through Formin TJK), with a registered office at Roy Tucker's pad, Nettlestead Manor

Gambling, sadly based on AP and VASTs history of being unable to get more standard commercial refinace over the line, shareholders have been pushed into the arms of Crede, Braknor and Atlas, all of which have destroyed shareholder value

It's a challenge that all small miners face, until you can prove consistent production and revenue, you are not going to be considered a safe place for commercial lending - without the lending, you can struggle to develop operational consistency.
Offtake is the right way to go, but VAST spent Mercurias money paying off previous debt rather than investing in Biata Plai so they have continued to rob Peter to pay Paul