Member Info for Pecten11

CalmSeas one of the problem as I see it is that with a huge majority of shares in retail hands there is no focal point to show the level of distrust and disgust with the outcomes AP has provided nor have the clout to propose a motion at the AGM to remove him and Tucker

Eric, not quite nothing after all VAST got around $6.3M from the first tranches of bonds (although had to pay $2M of that straight away to hold back the waters)
And all of that as collateral for a $100M (cough, cough) asset

Details of the Bonds:
The Bonds are issued at 90 per cent of their par value, bear a coupon of five per cent per annum and have a maturity date of two years from the date of each issuance providing net proceeds to Vast of up to $13.5 million.The proceeds will be used for bringing Baita Plai and the Diamond Concession into production, and also US$1 million in repayment to Mercuria under an intercreditor agreement and up to US$1 million in repayment of Sub-Sahara Goldia Investments

Pete, it was purely speculation, trying to think of a reason why Atlas would just be converting $50k lumos when, iirc, they are entitled to issue a notice for $500k every month
So to sum up, who gains from just doing $50k at a time?

Death by 50,000 cuts.....

Still can fathom a reason why unless they know someone you can only take small bites at a time - CFD cover??

A pedant writes....

Firewood ?? that's a bit harsh, although I'm sure his share certificates could act as kindling...

However, I do like 'pyrite paper' -nice phrase

Iceman 'DOES SOMEONE KNOW ANYTHING?'

based on most of the posts - nope

You state you bought 100,000 at 2.5p - what was the time of the trade, as I can't find it anywhere on the ticker for today?

Buying pressure - are you having a giraffe?
Roughly 1% of companies shares traded today (higher than normal)

roughly split 50/50 buys v sells - how does that equal pressure?

the cut and paste ramp sheet needs updating with some new lines imo

Stalin, if they are (probably), there are still enough sells to absorb them, like the £37.8k around 10.57 at 2.50p

Interesting and feels like someone is trying to be clever, that trade is for exactly the number of shares that will be issued to Atlas re the conversion notice

Why only $50k?

odd

Firwood, AP has stated lots of things in the past, how many have proven to be aaccurate??

It's one if the reasons VAST is in the position it is

Firwood there has never been any evidence of Axis' clients being 'sticky hands' - none whatsoever

They are leaving the AGM notification very late to give shareholders the opportunity to attend in person, or will they hide behind it being virtual?

Any buy above the 2.5 placing price is just giving a profit to Axis' clients

Remember the ever changing ID of a poster during the first year of the pandemic

Well his advocacy of ivermectin has proved valid according to an article in the economist - however you must have worms!!
https://www.economist.com/graphic-detail/2021/11/18/ivermectin-may-help-covid-19-patients-but-only-those-with-worms

Well we know there must be at least one RNS next week

AGM and associated voting options - wonder if all the board would be prepared to stand for potential re-election at the same time as a vote of (no)confidence?
Although the SP has declined to the placing price (surprise, surprise) they must know the longer it takes for something concrete to replace Atlas the SP will continue to be under pressure -

Mirasol, although not WoS, Lundin Petroleum are still pursuing the tie back of the Rolvsnes EWT into Edvard Grieg, so work is ongoing into weathered and fractured basement in the NS

Bobat - Really?? That old chestnut
Unless you are just trying to get your post count up, you must be able to do better than that

Wellsite - thanks for the further explanation
You have just justifed the point I was making regarding your input. describing a potential scenario, is backed up by this from your latest post (my capitals) "IF they can get a good solution gas drive going."

as most talk their own book they only concentrate on the extremely positive (or negative), instead of accepting that outcomes and options currently remain unknown

Wellsite’s comment today is just a theoretically possible scenario - if it was a likely outcome it would have been previously suggested - don’t get too carried away on a possibility

NGR, so in other words, rather than game over, HUR would still have options

Wouldn’t it have been easier, or even more accurate if you had just said that in the first place.....

NGR care to respond to my 08.34
“ NGR - simple question- if the threat of the bubble point being reached is such a threat, why would HUR still look to extend the relationship with Bluewater for the AM?”