Member Info for Pecten11

Quint, after the extensive due dil you apparently carried out (not seen any sign of it by the way), was the revised mining plan everything you expected / wanted?

Squeezy- explain?

So unless we see a TR1 in a couple of days from Mr Story, we can assume he has sold some of his other holding at a massive profit (understandable really) - the RNS just commits him to holding the consideration shares?

Jamesjohn, in your post yesterday you said 'If we then look at the value of the BP mine from the recent jorc, not including the historical jorc and not including the Zim diamond mine then we are looking at 70/100 mil, '
Two questions, 1 - what currency are you using when suggesting that valuation?? Makes a chunky difference $,£,€
2. You suggest the ascribed value is purely from Craig's JORC - care to expand how you arrived at that range ?

RICH3R - based on the results so far, it would most likely be open pit, as the drill samples that have produced the diamonds and kimberlite indicating garnets etc were only about 50m long - and that was slightly angled, so true vertical depth would be shorter.
Yes, imo, the comparidion to Cascabel isn't great, as that will require do much more infrastructure and cost before they produce a thing.
From the board's successfil history with Karowe, a sale is much more likely imo - though the payback timescale of Marsfontein 1, would tempt anybody if this ,looks anything like a repeat

OMR, just looking in and noticed your news re your ongoing optical challenges. My sincere best wishes
After having had similar (60%+ detachemnet including the macula) I would only suggest that you invest in anything which you find supportive to assist during the 'posturing' phase of recovery, it can be very hard work and the load on your shoulders can cause other issues moving forward. I never found one position that felt great but the best of the worst was probably kneeling on the floor, face down on the sofa (with a reimagined neck pillow to keep the face clear) - the photos look bizarre!

That spread will be painful

Sandy - 'Nads' , fantastic, like having a flashback to my youth, havent heard its use in years

So have you taken over the job as VAST's PR agency now Quint?

Strange that the guru description upset you - Why? Is that what you consider yourself? A Svengali perhaps? Or a Pied Piper?

And selectively quoting the price at the top of the spike would also mean that if you had been the unfortunate soul who bought there, you would now be sitting on a 50% loss of capital.
Of course, gurus always manage to buy at the bottom and sell at the too dont they??

Three years ago, there were less than a third as many shares in issue - with all your experience, I would expect you to know that, so quoting an SP from three years ago without accounting for the subsequent dilution is - misleading??

From the Annual Report dated end June 2020
Movements in share capital

On 28 January 2019, the Company raised £370,000 through the issue of 67,272,727 new ordinary shares of 0.25p each at a price of 0.55p per share to provide additional working capital and fund development costs. Each placing share has one warrant attached with the right to subscribe for one new ordinary share at 0.6p per share for a period of two years from 23 January 2019. - so those not exercised have expired??

On 18 July 2019, the Company raised £250,000 through the issue of 50,000,000 new ordinary shares of 0.25p each at a price of 0.50p per share to provide additional working capital and fund development costs.

On 18 November 2019, a total of 1,000,000 warrants were exercised at a price of 0.60p per warrant for £6,000.

On 28 January 2020, the Company raised £250,000 through the issue of 41,666,667 new ordinary shares of 0.25p each at a price of 0.60p per share to provide additional working capital and fund development costs. Each placing share has one warrant attached with the right to subscribe for one new ordinary share at 0.6p per share for a period of two years from 28 January 2020.
On 12 June 2020, a total of 2,000,000 warrants were exercised at a price of 0.60p per warrant for £12,000.

Not the warrants info but current significant holders(well as of Nov2nd, so shame it hasn't been updated since the Jan placing)

Pershing International Nominee 110,837,885 15.37%
John James Teeling 54,084,318 7.50%
HSBC Global Cust Nom Ltd 35,923,330 4.98%
Interactive Investor Services Nominees Limited 34,519,711 4.79%
James Finn 29,644,549 4.11%
Euro Clear Nominees Limited 24,774,254 3.44%
Bank of New York (Nominees) Ltd 22,511,351 3.12%
David Horgan 15,783,984 2.19%

Tiger, whether it turns into a Marsfontein 2 or not, the market definitely seems to have missed the potential.
Even if they hadn't returned actual diamonds, the very large quantities of kimberlite indicating garnets from 6 inch drill samples should have been a good enough indicator.

- the fact they actually found diamonds with good clarity and colour from such a small sample is amazing - no it doesn't constitute proof in itself that a commercial mine is probable, but when you combine that with the history of the local geology, confidence should be massively enhanced imo.

'The diamonds are all notably of good colour and clarity and are of commercial quality and in high demand by the market. '

APD, iirc, Atlas have converted two tranches of $500k, theoretically leaving around $6.1M to repay or convert

'The par value of the Bond is US$7,101,947 providing net cash proceeds before costs of US$6,391,752.'

Additionally interest is another thing

Ziq- how true- in one way you don’t want it to happen, but in others, the market only finds a correct price when there is sufficient volume for it to be true

If VAST had been clear with regards to what the problems have been, we may have had a better idea of how easily (or otherwise) they could be resolved - but as history shows, detail/specifics is something the current BoD doesn't think shareholders have a right to know

If 10 fold improvements were so obvious and simple to achieve why hadn't they been identified during the 24 months months or so since VAST received the association license.
Think that 10 fold figure is more likley exuberance in a new job than reality - if they havent already designed and agreed the new mining plan, how can anyone know if a 10 fold figure is plausible

As it's a delayed transaction , only the broker and the buyer/seller really knows.
Either why, as it's now been filled, it's no longer on the market makers books, so its accounted for in the closing SP

B3NTL3Y- I hope things are looking more positive for your company and employees.

However, the average price that the board ((well AP and RT - the others have insignificant holdings) will be much closer to .17 than .4