Member Info for Pecten11

So answer your own question for everyone's benefit.......

Or Trowtech when you write 'You're like the bulletin board's resident Stephen King'

Do you mean I posts are well written, well researched and have millions of followers.......

As Meat Loaf said, 2 outa 3 ain't bad!

Trowtech - care to point out anything fundamentally incorrect with my post this morning??

The numbers are rounded up/down but I think the underlying points to be valid

Want to discuss facts or just avoid reality by trying to make it personal??

So the promise of worse CLN deal to stop foreclosure - the revised terms allowing lowest price in 20 preceding days to conversion means any volume will be unloaded into to give Swiss Toni a nice profit at shareholders/traders expense

I try to avoid scare stories but a placing must be coming soon - only $50k left before October placing (raising probably net after expenses $1.6M, plus if being generous 376 tonnes of concentrate at 26% grade = 98 tonnes at copper at $9000 = $880k- so total $2.45M)
However already 3 months of extra cost, based on the interims, means that cash is already near enough gone already

VirtualMoney - at last a logical and thought out post by someone who is positive.
Yes, what you write could, emphasis in could rather than will occur

As far as being a cash cow, Atlas will have made less on this deal than they originally forecasted- after all the massive slew of warrants they would have been due if VASTs SP had performed havent been in the money.
Also, if they are willing to refinance at a higher rate as you suggest, what is the logic of leaving it to the last minute, allowing greater shareholder uncertainty?
Would Mercuria have to be involved in any such renegotiation? After all it seems likely they shot down lasts years proposed restructure, what rate if interest are VAST currently paying them - why should they wait ad nauseam
If AP pulls something out if the fire today/ at the weekend then well done but it would still leave me mightily suspicious of why everyone has been led to the precipice - if the revenue coming from Baita was adequate the the re-finance should have been straightforward and agreed already

Onaplate, no I havent.

I guess its comedy gold.....

There is nothing wrong with positive thinking but it's got to be combined with the most accurate upto date information you can find or it will just lead to greater disillusionment

Nothing personal arkush, but you are now the third person who has tried suggesting this having obviously not done your own research

The 10th August RNS was superceded by one in the 25th Oct - which states that the restructure fell through, so the bonds revert to their original tems, that is, are repayable on the 29th Jan.

For some unknown reason my tablet isn't letting me copy and paste so you will have to check it out yourself - or read back to previous answers who have explained the same thing

Riski - how many of those shares have been bought with their own cash - and how many at these 'apparently' rock bottom prices?

interesting use of 'we' Impi, thought you had said you have never owned any WRES shares and would never do so in the future?
Or are you using an inclusive term to reference your other 'personalities '

FOOLS - some comments in reply

1)Commodity Bullrun may make Vast hugely profitable.
- Keyword = MAY
2)Many Big Investors including Prelea have massive stakes in Vast.
- Keyword = MANY?? One PI declared over3%, how many of APs shares did he actually pay his own money for?
3)Atlas have done good business with Vast and may want more in other Jurisdictions.
- Atlas will have done good business for Atlas if they get repaid, or if they dont, get enough cash back selling Baita on
4)Many miners big or small invest hundreds of millions or even billions before they even become profitable. And even then it takes them many years.
- VAST havent got hundreds of millions to invest - and many of those miners go bust before they make a profit
5)Mutual agreement with Atlas on BP is the only feasible route for both parties as the lengthy judicial and repossession process in Romania may not be in anyone's interest(Mercuria and Carlibaba is an example).
- the mortgage agreement and how it would be enforced is straightforward- have you read it?
6)The SP is at rock bottom, there is a huge difference to the NAV and potential.
- potential has to realised for the NAV to be realised
7)AIM shares are risky and take time to materialise, but the rewards are HUMONGOUS.
- the downsides can be CATASTROPHIC, look at ADV this week

MK ( strange, MC possibly)

'MK as we well know Does not reflect the true value of VAST.'

Please elaborate on how you have calculated a 'true' value of VAST? Surely someone of your claimed IQ can do that ?

Moneymaker 'If the EBITDA does get to $15m+ as planned next year'

If they cant sort out the debt, they wont make it to next year......

I know the market is forward looking, but it's only January 2022 and you are looking towards 2023. If they had a proven track record of success and achieving guidelined objectives that could be a valid consideration- sadly AP and the current board don't

'now it’s all about a small debt, it’s a small debt, it’s not a big issue, it’s normal'

Small debt?

Really - that debt is equivalent to 75% of the current market cap of VAST -

maxcady 'I'd blow it up or give it to the Russans.'

Either way, it's a harsh way to treat your future wife........

Julian - it only makes sense for Atlas to convert if there is enough volume for them to sell the shares into (at an appropriate profit margin for them- the last 4.6 million shares were issued at 1.57p)
Since the last little pump has stalled, volume has declined again

Firwood 'it’s just a straight forward refinance, not an issue really..'

It's the way ya tell 'em - pure comedy gold

Even if you are being generous in terms of time scale (that this deadline has been coming for two years) , they've had since the 25th October RNS that said Atlas had pulled out of the convertible restructure, why should this board suddenly be able to pull something out if the fire with 12 days left that they havent been able to in the 80 odd days before??
There has been no recent indication of revenue that any normal upstanding lender would consider as a measure of viability, just a regular run of cash calls to keep the business running - at shareholders expense

Griend and TrollHunter (lol), I've no idea what your accusing Antharry of, other than possibly ridiculing Bouncer and others of blatantly talking their own book

If Bouncer has had a misfortune in his life recently, he has my sympathy

Itacon - yes of course Twitter is full of honest, insightful unbiased posters. ROFL

Add an s into your user ID and it would be more appropriate for Twitter

Sorry, am I being thick. Without a grade range guide, what looks like a great volume of identified kimberlite is actually fairly meaningless?
After all, it could be 10 million tonnes, which would sound better but the average grade could be uneconomic.

Seems a little unlike JC to release a punchy headline without relevant info to give it meaning