Member Info for Pecten11

'but no one here will be interested in that :'

Well that's one statement that ALL who read and contribute should agree with......

Firwood 'Ludicrous I know…' - to keep on exaggerating hoped for positives to try and persuade I'll informed investors of your view

'100-150mln mcap' - is that dollars? Sterling?, Romanian Leu? - based on what? Your finger in the air?
'new JORC confirmation lands giving a 15yr mine life' - where does this fantasy figure come from? What/when drilling is scheduled to add 12-13 years to the existing resources ? This years already delayed drilling is only for 5 holes totalling 1600 metres

Positives - they've hit the Abu Roash
Negatives - 10m across multiple zones, strongly suggests thin individual intersections meaning any flow is likley to be low(ish)

Thanks - it is imperative imo to see the context of figures when quoted

Billy 'This is taken from the Co website.

"Gross margins for the period were approximately 30%"

Could you add a link please to the relevant info?

I know this wont be popular but I hope that the placing that will be needed to pay for the first tranche of the Sekaka deal doent include any warrants this time - just creates a longer term overhang and resentment from those not on the inside

You're entitled to be angry about the SP performance but exaggeration like that doesnt help imo

MIB, sorry but that doesnt wash - why not just say you misquoted him or wrongly paraphrased what he said as 'I understand that mines can flood, as does my son in law' doesn't sound like the same source or implication as 'He cannot understand how a mine could be commissioned where there was clearly a flood risk.''

'There really is only one Eric.'

Thats a very Idle post...

Yes Ant, the 'roll neck kid' and RT are locked-in until 23rd November with regards to the shares they got for the assimilation of APMG into VAST, so they could start selling after that point
However, you could argue that they have arranged the double sales (in reality just two months added together, but will be spun as record sales receipts) might provide a PR push to sell into an inflated SP - although they are both still in profit at the current SP with regards to what APMG paid for Baita in the first place

'Further to this announcement regarding the proposed acquisition of the minority interests in its Romanian projects from AP Mining Group Limited (“the Transaction”), the Company announces that Andrew Prelea & Roy Tucker, being directors of the Company, have agreed with the Company to a lock up period of 12 months in relation to their individual share issuances of 1,500,001,930 & 225,005,790.which would follow shareholder approval of the Resolution at the General Meeting of the Company set down for 23 November 2020.

Yes Ant, the 'roll neck kid' and RT are locked-in until 23rd November with regards to the shares they got for the assimilation of APMG into VAST, so they could start selling after that point
However, you could argue that they have arranged the double sales (in reality just two months added together, but will be spun as record sales receipts) might provide a PR push to sell into an inflated SP - although they are both still in profit at the current SP with regards to what APMG paid for Baita in the first place

'Further to this announcement regarding the proposed acquisition of the minority interests in its Romanian projects from AP Mining Group Limited (“the Transaction”), the Company announces that Andrew Prelea & Roy Tucker, being directors of the Company, have agreed with the Company to a lock up period of 12 months in relation to their individual share issuances of 1,500,001,930 & 225,005,790.which would follow shareholder approval of the Resolution at the General Meeting of the Company set down for 23 November 2020.

MIB, sorry but have to take issue with 'He cannot understand how a mine could be commissioned where there was clearly a flood risk.'
Most mines have pumps installed for dewatering, by definition if they are lower than surrounding areas then water will have a tendency to accumulate. If water accumulates it is just a matter or scale whether you call that a flood risk
Obviously local geology or unusual meteorology can amplify that risk.
So I dont doubt your son in laws qualifications, but that coalescing many factors into a simple statement like that is poor imo

No good as a gynaecologist then........

For the sake of balance, those who think AP should be re-elected for another three years, tick up this post

Sandy , that’s a coincidence, was thinking similar things
Firwood used to have the odd post of ‘added 20k today’ and the like but always after the event, never before a trade might appear on the ticker, so, in reality no different to those who claim to have ‘topped up’ on many a bb
Appropriate really- similar to the hot air from our glorious leader- words but rarely consequential actions

Liam - you were expecting a sharp rise back in March, when the SP was 50% higher than it is now
Any reason, you know any actual, verifiable, factual reason why you should be right know, or has the Twitterati started a new ramp campaign?

I have one too from earlier today - just standard algorithm reporting

Sandy 'Commercial agreements can resolve a lot'

Agreed, if partial payment has been made (QEDs research suggests it has), then future work can be a compelling reason to accomodate a longer schedule, its balancing outstanding credit v cashflow v orderbook. Companies can go bust if they get the balance wrong but can also strangle growth by going too far the other way.

Sandy, am I being deluded in thinking it is Formin SA who are providing the exploration rig as cant remember the source?

QED, thanks again for the info/research
Whether positive or negative about future potential, shareholders deserve to know the truth

However, did AP (or was it someone of the forum?) say that Formin had built/engineered the new narrow exploration rig? If so, surely they wouldn't have done that if there was still an issue re outstanding debt?

Sandy ‘ But to be clear, bridge safety at a mine is something that you would expect to fall within the remit of the mine/country management.’

Totally agree, if it came across that way, didn’t mean to imply anything other