Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Asi “the Company is now working on confirming an enlarged exploration target of up to 5.8M tonnes.”
Now anyone who thinks that missing to point out that is ore tonnes is a problem, have obviously bought leaves from the magic money tree or believe in an Alaskan ice import company
It’s like those who value oil exploration companies based on the high case oil in place figures from competent persons reports
Shivest, it’s nothing new
The bottom of VAST RNS’ used to claim Manaila was a producing mine 12 months plus after it went onto care and maintenance
Iirc they still listed Pickstone- Peerless as an ongoing project on the website months after it was sold
Obviously too busy to update the information potential investors would want to know
Mysticsmeg’..BP asset.....has had £100m invested in it so far’
Care to explain where your £100M figure comes from?
Any independently audited figure?
Any stated value in the accounts?
Or yet more VAST bullcr@p
Your communications with the spirits haven’t borne much fruit…
Or is it just the voices only you can hear….
Promising news for iirc Gazzleberry
https://www.lse.co.uk/rns/BOD/marsfontein-update-n7pounaro0fmn6t.html
Shivest the last Baita update stated that it had reached breakeven in June, not all of Q2.
There is still VAST corporate costs to cover - the RNS did not say that VAST had reached break even in June(never mind Q2)
Central Asia Investments ltd
Ownership VAST PLc 49%, Formin Tajik SRL 51%
Directors Andrew Prelea (VAST) and Sebastien Albulescu (Formin Tajik SRL)
First accounts due early Nov23
Roy Tucker has been added as a third director.
Formin SRL have a history- not a totally clear one- with VAST for a few years, supplied drilling equipment/services apparently (Sandy probably remembers more than I)
So what did Formin / Albulescu do to qualify for a 51% share? Or, perhaps just as pertinent, what did VAST do for Formin/ Albulescu for 49%
Albulescu has been a notifiable shareholder (over 3%) in VAST - no TR1 issued (quelle surprise) but has either sold or been diluted under the 3% threshold - again no TR1
Topgun, the second paragraph of the RNS that asi linked needs further investigation- how much did VAST pay for the share of a newly incorporated company???
Think there’s a line in the last company accounts which is a likely link
Not quite the zero cost deal that was implied at the time
Dickie3-one minor change to your post may make it more accurate
‘If enough pi's do it then anythinhg is possible. Let RBZ see that VAST have indeed a strong swing trader interest.We mustn't be cast out as unimportant imo
Legalese , I would challenge ‘evidences’ as it was based, iirc, on VASTs published mining plan , which when they ran into issues, they told the market to ignore.
Vast have since failed to publish any detailed forward guidance involving revenue, costs etc
Dicko, why did you choose to use a Proactive link that is around 22 months old?
Btw- since that was published dilution has been huge, there are around 14 times more shares in issue - from around 240 million to 3.4 billion!
AP has done a great job (unless you’re a long term holder) keeping the company going, by distracting with shiny things while trying to get Baita up to snuff - question is, how much stretch is left in the elastic….
Oldslow- ‘at £50 ct how many can we get per HOUR of mining.?’
If, and this point, it’s still a big if, VAST do get permission, license etc for part of Marange, part of that value will go with the indigenous partners.
Even if granted tomorrow, VAST would need cash for kit and security etc and time to set up - it would be a good while before they see any revenue
Let’s deal with the immediate situations first without going on a flight of fancy