Member Info for Pecten11

Sharebel ‘Whinging on here for your spreadbet is not a serious angle’

Pot and kettle

The company is going to be cashflow positive at BP in December and has cut cost significantly!’

Cut costs yes - massively cut production too - yield may improve a touch but net concentrate production will be lower, therefore so will revenue

Asi - thanks re your 22.48

I know you’ve posted the same/similar explanations in the past - I was actually being a touch naughty with my post - trying to draw out Sharebel’s actual knowledge (or lack of) regarding the historic package

Sharebel ‘’my info comes from a respected industry expert connection’

- which you have consistently not actually provided a way to verify that link or the information - at least asi provides a link to legitimate information for others to draw their own conclusions

Simple question why have VAST never RNSd an auction estimated value for the historic parcel?

After all they will have the original document for the insurance and that insurance premium will have been based on facts agreed at the time the policy was taken out (albeit it would be historic and would need to be viewed in light of the current diamond market) as CEO Prelea is obligated to provide information to shareholders that can support the share price / company valuation - so why not?

Dealer55- as worrying in its own way, almost wish that Sharebel is an AI bot, cos the idea of a human spending so much time to create so much hot air is depressing - mind you InvestAce is just as bad.

In their own way, it’s not surprising that potential newbies get put off the AIM market in general

Albeit a different company and country, this excerpt from Petra Diamonds RNS today highlight the current diamond market conditions

‘Reflecting our agility to respond to weaker market conditions, we announced the decision to defer the sale of the majority of our South African goods from Tender 1 in August/September to support steps taken by major producers to manage supply. Our combined first and second tenders indicate continued weakness in the rough diamond market, more than offset by Petra’s product mix. Overall average prices increased 13% compared to the previous tender, with product mix contributing 22%, partially offset by a 9% decrease in like-for-like[1] prices. Product mix showed improvement across the operations, with Cullinan Mine, in particular, benefitting from an 18.85ct blue diamond, of exceptional quality in terms of colour and clarity, that was sold in Q1 FY2025 for US$8.5 million into a partnership agreement and a top light brown 405ct diamond, of exceptional clarity, from Cullinan Mine that was sold for US$4.7 million. Product mix also benefitted from withdrawal of ca. 88kcts (ca. US$3 million) of brown goods as a result of poor demand for that particular category.

Sharebel ‘ MM still not filled my top up large order!’

So your order has already been placed - in that case what size / amount was it for so we all can it when it eventually gets filled?

Sharebel - see if you can create a post entirely of acronyms and exclamation marks - your half way there already - maybe that will work as a ramp?

How long has it taken for someone to release this insider news? Notice they haven’t bought any actual VAST shares - quelle surprise

——The Company takes this opportunity to notify that following the Company’s investment in Aprelevka, the Board was informed that Andrew Prelea and Paul Fletcher had acquired interests of 17.8% and 5% respectively in Gulf, International Minerals Ltd, which has a 49% interest in the Aprelevka mines.

Sharebel if all the placing shares had been forward sold then the likes of you and techguru would be here pumping - either the broker or some of the placees still need volume to try and offload into

How many shares did you take in the placing this time techguru? - after all anyone can see that your posting history on VAST magically correlates to around placing time

Where’s your best bud InvestingGenius? Or is he having to use another name now?

Asher7 ‘Investace most AIM companies have many more billions of shares than vast’

Vast have done a 100 to 1 and then a further 6 to 1 consolidation in recent years - the only way they could keep on making placings - how many shares in issues would that equate to…….

As ever, an AP special two tranche placing that allows the favoured souls to make a nice% on a T20

Let’s see what pearls of investing wisdom come from the like if Sharebel today - Tbf, if it wasn’t him/her/he/she/it then it would have been another faceless account

Sharebel - your reply ‘Pecten this was from someone who knows their industry stuff and amateur hour graphs you’re posting. I also gave a recent example of South African rough diamond parcel recently sold for $16 million which was less than a tenth of our amount’

Your example came with no attribution or link to verify your claim yet the graph I posted is from ‘that amateur hour’ Paul Zimminsky who is widely recognised as a diamond industry expert

I know verifiable facts are disturbing to your ramptastic attitude but others are entitled to see them and yours in comparison and make their own mind up which is more credible

Sharebel end all your rampastic drivel - there is talking your own back book and there is trying to stitch others up so you get out with a profit

Embarrassing

Link to rough diamond price graph - remember this will include (and inflate) in the average the likes of the large class II diamonds found at Karowe - smaller industrial stones more typical of Marange

https://images.app.goo.gl/CFyxaAunYEp2p4Rb9

Marange diamonds excerpt

‘ Marange is estimated to have produced 12 million carats in 2012, 8.7 million carats in 2011, and 8.2 million carats in 2010.[3] While some diamond mines produce rough valued at over $1000 per carat, average production at Marange is estimated at under $50 per carat.[4]’

https://en.m.wikipedia.org/wiki/Marange_diamond_fields#:~:text=In%20terms%20of%20carats%20produced,of%20global%20rough%20diamond%20supply.

Tbf, if true, it does increase to some degree the opportunity of using the historic package as collateral/surety for a loan

Shls - yes it’s about the diamonds.

Progress undoubtedly but still haven’t actually been released to VAST yet

Wakey re your post of 18th at 17.08

The claim of a $200 million NAV - if I heard correctly he suggested that the details of which had been published - that’s news to me , as to my knowledge nothing has ever been released to the market that actually breaks down how that figure is justified - one of the primary jobs of a CEO is to promote a company and its value- why hasn’t he if the verifiable facts exist???

Secondly the claim to have invested 5.5 million?

Laughable - definitely not in share purchases on the market or via placings - easily verifiable - he must be trying to claim that his share in APMG (which previously owned 20% of Baita) had cost him that amount - that’s not true either - he briefly might and I stress might have had his shares valued at that amount (post when VAST bought Baita from APMG) but that isn’t the same as what he has personally invested - as far as that shareholding is concerned see what it’s worth now - no clearer indication of the scale of dilution over the last few years - some may suggest that provides motivation to bring that value back - possibly so, but you have to question the decisions and those whom have made them for the scale of value destruction to happen in the first place

Super-Mouse ‘No company has even gone into insolvency to seek protection from employees’

Bulls hit - am not saying this applies to VAST but plenty of companies with potentially massive redundancy liabilities have gone bust leaving the government with the problem allowing other creditors to come out with at least some pennies in the pound - especially if those creditors also happen to have been directors

Well a quick google give me this - I’m sure there are other examples available as this is a new, vastly larger mine with an expected all-in sustaining cost of $1.50/lb in 2023.

That would equate to roughly $3300 per tonne, however as I say due the size/scale efficiencies that figure is likely noticeably lower than Baita Plai would be

https://www.spglobal.com/marketintelligence/en/news-insights/research/copper-miners-enjoy-high-profits-but-development-capital-expenditure-lag

‘Despite soaring copper prices, investment in new projects is lagging. Of the 10 largest development projects in 2022, just two are new mines and the rest are expansions or significant development work at existing producers. At one of the new mines, Anglo American PLC's Quellaveco in Peru, production started in 2022 and is forecast to be 320,000-370,000 metric tons of copper per year in 2023 and 2024, with an expected all-in sustaining cost of $1.50/lb in 2023.

Hope that helps