Member Info for Pecten11

So, the obvious first question is how/ what/how have VAST paid for the entry into Tajikistan ?

Didn't think their was any family silver to sell off to pay for it

MMF - they sold 376 tonnes of Cu concentrate in Q4, with 13 tonnes in inventory (both dmt) generating $970k in revenue
That would suggest only $2581 per tonne of concentrate? That's sound way too low, but Isuppose25% concentrate at$10k copper price, would make it about right

In Q1, they produced 229 tonnes, sold 234 (so 5 tonnes of that inventory) and received $620k in revenue (only talking Baita here obviously), which would suggest a similar $2650 per tonne of concentrate

Miffy, Q2 results should be interesting?

Why ?? '.Mechanisation expected to substantially increase production of copper concentrate, commencing in June 2022'
So even if the mechanisation actually comes to fruition, you are going to see negligible gains in Q2 - which will be irrelevant if they cant get the refinance across the line before that date

Pennysworth, yes its encouraging they are still actually producing copper, however, they produced less in Q1 than they sold in Q4 last year - that is very discouraging

How long will this one last, I'm sure it will be challenged in court

NOTICE OF CAUTION TO ALL PERSONS DEALING OR CONSIDERING DEALING WITH LEKOIL
LIMITED (CAYMAN ISLANDS)
This notice is a caution to all members of the public dealing or considering dealing with Lekoil Limited
(Cayman Islands) (the Company).
Any person considering a purchase of shares in the Company (including ordinary shares of the
Company) (Shares) or considering entering into any loan arrangement that may result in acquisition of
shares, whether directly from the Company or from any other shareholder, or generally dealing or
contracting with or providing services to the Company (including pursuant to any contractor services
arrangement), should be aware that:
• a winding up petition has been presented to the Grand Court of the Cayman Islands (the Grand
Court) by the Chief Executive Officer of Lekoil Nigeria Limited, Mr Olalekan Akinyanmi,
requesting that the Grand Court wind up the Company on just and equitable grounds and
appoint official liquidators to administer the winding up;
• an injunction has been granted by the Federal High Court of Nigeria, Lagos Judicial Division
on 4 April 2022 restraining the Company and Savannah Energy Investments Limited from
taking any step(s) that alters (or put(s) in a position to alter) the Company’s ownership, equity,
share capital structure, rights or interests in the assets of Lekoil Nigeria Limited, Lekoil Oil and
Gas Investments Limited, Mayfair Assets and Trusts Limited, Lekoil 276 Limited and Lekoil
Exploration and Production Limited (the Lekoil Nigeria Entities); and
• a writ is before the Grand Court seeking declarations that, among other things, the allotment of
any shares pursuant to the resolutions passed at the AGM on 21 December 2021 should be
avoided. This may include the following allotments and issuances of Shares on 11 March 2022
(set out below),:
1. allotment and issuance of 42,000,000 ordinary shares to TDR Enterprises Limited, Amala
Management Limited and Hadron Master Fund;
2. allotment and issuance of 157,134,400 ordinary shares to Savannah Energy Investments
Limited;
3. allotment and issuance of 22,863,356 ordinary shares to Savannah Energy Investments
Limited (in lieu of allotment and issuances to certain contractors that purportedly provided
services to Lekoil Limited).
Any person proposing to purchase Shares, or generally proposing to deal or contract with or
provide services to the Company, is hereby put on notice that any purchase of Shares, contract
with or provision of services to the Company will be impacted by any order of the Grand Court
winding up the Company and / or avoiding the allotments and issuances of Shares of 11 March
2022. Further, any person proposing to purchase Shares or any assets of the Lekoil Nigeria
Entities is hereby put on notice that any such purchase will be in contempt of the injunctive
order of the Federal High Court of N

Ok, hadnt seen that RNS, but still WTF?

WTF - did anybody proof read this

Group revenue increase of 236% in Q1 2022 compared to the previous quarter including contribution from Tajikistan'

Tajikistan???

Aw hinny, it's not sarcasm, its called being found out your full of $hite

At least you have now learned that posting Vasts profit forecasts is outdated and misleading, as the company themselves have said they no longer apply

Please reconcile your 'Profit forecasted £10 - 15m' with the companies own later statement 'previously notified guidance should now be ignored.''

I dont claim to be an expert but would suggest that makes your post irrelevant and out if date.

'I'd just close that short and buy'

Funny - please explain how to open a short on a tiddler of a company like VAST, if it was possible, I would have made many multiples from VAST over the last few years as the mcap declined and declined.

If that's what you genuinely think, rather than just being unable to answer my question about consistently missed guidance and timelines, all I can do is wish you good luck, maybe AP might actually achieve something he's promised for once. He needs to, as his own holding was worth £2.4 million two years ago, now it's about £55k and that's held as security

Reasons to have concerns over the quality of the reporting
'Additional documents gathered, indicate that the Group is using its subsidiary — Botswana Diamonds to financially support and offset Katanga’s operational expenses.'

I'm sure James Campbell, CEO of Botswana Diamonds will be 'flattered' to be considered that his company is a subsidiary of VAST - jeez

Well done Dicko, you can cut and paste lol

Can you point to any RNS where VAST gzve actually achieved a target or a timeline that they have previously announced to the market ??
Over the last 12 months
Or even the last three years

Yet you want to believe otherwise - thats your choice but they even have themselves an out by saying that all previously announced guidance should be ignored - do you do that if things have been going well?
From 31st Jan
'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.'

That's a peach Jayfella, made me ROFL

He does take some good photos....

The ramp is based on expected Q1 results.
Will they be on time - will they be better or worse than Q4 2021?
Have they been able to pay their bills?
Will they give definitive figures rather than %figs with no context again?
Will they say how much the energy price crunch has affected them, compared to the higher copper price?
Will they say how many shipments have been made or delayed with global pressure on containers and shipping
Based on past history, if there is a glimmer of good news, how on earth has AP kept his mouth shut

From the Q4 2021 results on Jan 31st - 376 tonnes of Cu concentrate sold (so around 100 tonnes of Cu)

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.

There has been a small volume of zinc concentrate production however not sufficient to make a commercial sale and there has been no lead production. Details of production in addition to copper concentrate will be detailed in future production reports

If Atlas could convert the lot after this weeks price action it would mean be a little over 2 billion shares in total (again)

I've nothing against anyone who has a punt on a trade, but when they get conveniently selective in how they post to try and suck others in, that's another matter

Dicko, do you know what a rollover is? Look at the time stamp of the trades

classic raming bull$h1t - avoid facts but spin, spin, spin

Antharry, isn't it just the cutest coincidence that such posters appear when a boat load of new shares have hit the market and brokers are trying to find new homes for them

Apologies, dont know why its double posting

Dicko, your just make yourself sound silly now
'No worries, .26 wasnt the low could buy under 0.25p' - check the ticker, no trades went through under 25p

'Short squeeze' now that is funny -- please explain

'Good production numbers' - have been saying that's exactly what is required for the last 18 months, but they need to be repeatable