Member Info for Pecten11

Jeez Sam, you cant help yourself.
Diamond deal or flying pig? Based on recent facts, both are as likely as each other

And IF and thats a truly enormous IF, then VAST have even more dilution open to them in terms of Tranches 2, 3 and 4 of the convertible bond with Atlas

A quote from a reply from JC - lot of positives for holders from just a few lines

"Nothing beats doing the detailed field work; you don’t drill unnecessary metres and you can adjust the programme as you go along. We have a superb drill geologist in Trevor Mashiolane and it is often necessary to have on the fly debates as I worked with him on-site for more than 80% of the programme. Between us we have over 50-years of kimberlite experience.

It’s too early to talk about size and relationship to the River Pipe, but the programme has gone well and we are almost done."

Mark , even JC had doubts in the desert

You are truly Messianic in your attitude - is blind faith a way to invest money ??

SR123 - as has been pointed out, what happens when/if ATLAS issue a conversion notice (a minimum of $500k - possibly a max of around $6M) - technically it may not be called a placing, but even more dilution it will undoubtedly will be

Liam, posting random numbers without any justification is like a virgin posting about their sexual prowess
Pure Fantasy

MrExec, try telling ASOS its size is not befitting of AIM......
Not relevant imo, re listing

Bartlebobton 'Not the critical thinker, you believe are, more the pathological egotiscal narcissist'

At least aduk can construct and post a coherent message.
You are more akin to something used on a rig - a spanner perhaps, or more generically - a tool

Mike - something I've just asked JC (though to be fair, I doubt he can answer it yet) is, if this is an extension of the same pipe as the River Anomaly, then as that is 200 metres to the east, are we looking at a 4 hectare size - 10 times that of the Marsfontein site?

Max, considering what yo post on other boards - calling anyone else a deramper is a tad hypocritical. lol

Troajan - interesting Twitter pics coming from BOD's latest drilling in SA
definitely suggests kimberlite
https://twitter.com/jahc1?lang=en

Kimberlitic indicators -oh yeah
garnets and olivines??

would two of the rock types be peridotite and pyroxenite? Not Twitter member so cant answer JC

Sandy - we may approach things differently at times, but I think we just both want the truth

Sam, imo, even if VAST got the diamond license, it will still cost money and have a lead time before they could produce any cash flow.
That timeline would be overtaken by the issue Sandy has pointed out

VWAP - 90% of average volume weighted price from last 20 trading days

In the event the Company does not cash settle when a conversion right is exercised, the Bonds which are eligible for conversion, together with any accrued but unpaid interest, shall be convertible at their par value into free trading ordinary shares of the Company (“Ordinary Shares”) at a fixed price of 0.24p/share (a 20 per cent premium to the share price at which the most recent equity raise was carried out) or at a price per Ordinary Share equal to 90 per cent of the Volume Weighted Average Price of the Ordinary Shares on each of the previous 20 trading days. If the Election is not made, Atlas is restricted, subject to certain conditions, in exercising its conversion rights following the end of the non-conversion period to the exercise of up to a maximum of 10 per cent of the nominal value of the Bonds outstanding at the end of the non-conversion period in each month
The Bonds (as Sandy says, only first Tranche issued) shall be senior secured and shall rank pari passu with all other senior obligations of the Company. Atlas will have security over Baita Plai and the shares of the Company’s subsidiary holding the Diamond Concession.Attached to the Bonds are warrants (“Warrants”) giving the warrant holder the right to purchase in aggregate US$3,750,000 worth of Ordinary Shares at a fixed price of 0.26p per share (a 30 per cent premium to the share price at which the most recent equity raise was carried out). The Warrants will be issued on each Issuance Date and will be issued pro rata to each Bond issuance. The rights to exercise each Warrant will expire on the third anniversary of each relevant Issuance Date.
So it looks like I was wrong re the warrants - it's just a right to purchase based on issuance, not automatic

Funky, its not the MMs you are thanking - if effect you are thanking someone who has (or is willing to) sell those shares at a lower price than you've just paid to buy them. Simple

Sandy, you may be right - wont know until the conversion notice RNS
What was your logic re them waiting for the SP over nominal?

Sandy, as we've discussed previously- Atlas issue conversion, the VWAP maximises number of shares and all those lovely free warrants on top.

I agree re your 11.29 apart from maybe the 'Well I have been informed that finance is very close now.' Admittedly not stating a source but implying one

Morning Tiger - if you look at the context, I most definitely wasnt casting aspersions at JC, his comms are better than most and as I said a couple of days ago, it's a pleasant change to see an AIM company actually doing what they said they would

Jarv55, so the poster you cut and pasted, claims to have inside information?? Naughty, naughty
Surprised he used advfn - that could be traced - at least Twitter posts can be deleted

Mike, btw, wasnt trying to argue with you a couple of days ago - just seen too many times when things havent gone the way that holders wished for , they then blame the CEO