Member Info for Pecten11

Afternoon all, still look in regularly .

Found this by chance - lots of scary people to base the next book on.....
https://www.gov.uk/government/publications/the-uk-sanctions-list

hopingforbags - a lot in your post I agree with.

However, 'simple fundamental is vast has an asset stated by the ceo as worth around £120/$150m' - sorry but i will challenge that -

As the only valuations we have had recently are from the sole broker report that SP Angel compiled at the start of last year (?) and those used in the Letter to Shareholders that covered the purchase of APMGs shares to bring the assets to 100%.
VAST.

The Letter implies either a valuation of £24.255M (based on 20% sale price) or £51.27M (", the Independent Directors have carried out a comprehensive discounted cashflow (“DCF”) valuation of BPPM updated for all the variables included in the current mine production and development plan at BPPM and consistent with the Company’s published announcements. The model base case adjusted downwards to the lower end of our imputed sensitivities by the use of what they considered conservative metal price forecasts indicates a gross value (based on the simple average consensus view of APEX commodity forecast Q3 2020) of $70m for BPPM using a country discount rate of 12.5% based upon their assessment of the appropriate discount rate under the capital asset pricing model.)
"In conducting negotiations to determine a purchase price that could be agreed between all the Parties, it was recognised by the Independent Directors that the existing 80% holding in BPPM represented in their opinion the substantial majority of the value of the Company as recognised by investors as a whole."

How does that compare to your research Mr Sidley?? lol

Mark, what a surprise, when challenged to support your horse manure, you go running like a little child ' not my job to do your homework, do it yourself' - so you have no faith in your 'research' that it might be challenged, or does it not actually exist?

Mark 'big hefty retirement fund from my years in the market'
Congratulations. And that's relevant how?

I see you haven't taken up my invitation to share your 'extensive research' ? are you afraid that it might have the same depth, sincerity, honesty and factual content as the rest of yours posts?
And no justification for your estimate of 1p and how/why that will happen?

The SP may rise and if, as I've said before, VAST actually hit the figures in Craig's production/costs tables, it eventually will, but i await verifiable facts, not baseless ramping to churn placing shares

Take around 10% off for costs

Oscar, that's almost as wildly speculative as MarkSidley's post

any actual facts to support that, or is it just your totally speculative opinion?

Mark, you're a fantasist and a dangerous one at that.
Why dont you educate us all with the extensive research you claimed yesterday to justify your valuation?? Maybe you actually know and prove as fact something I dont know - but I very much doubt it.

1p would equate to a mcap over£200M - VASTs own production/cost guidance in October doesn't support that and AP would have to return from Zim with the Kohinoor hidden up his jacksie to get remotely close.

Hoffy, true, but as most if that volume was under the .13 placing price, its unlikely imo, that the recipients of those placing shares would have been selling at a loss (unless they thought they'd been sold a 'turkey').
So before any rise can be sustainable above .13, the vast majority of those shares will need to be churned

How much volume do you think is needed to churn the 2.9 billion shares admitted on Dec23rd ??

3x, 4x, 5x ?? Nothing like that volume even with this 'news'

It could also be that as VAST have a history in Zim, that like Caledonia Mining recently, they have been asked to look at whether they would take io other assets as the Zim Gov is becoming more desperate to persuade companies to actually turn their mineral resources into revenue (for the Gov)

Jamesjohn, my sympathies.
However, one of the key differences is that Paul Bray has under promised and the results have over delivered.
Spot the differences here

Mark, ever heard of a stopped clock??

Maybe you need a new pair of hands??

Mark, I'm glad I returned the favour, as your post at 08.39 made me laugh

Mark, so you're expecting! At your age! Congratulations!

When's it due, another 9 months, or are you an elephant??

Hoffy, it is regular practice that a JORC would be completed by an external independent company, however, Craig Harvey is suitably qualified (although some could question his independence)and as an employee, undoubtedly cheaper.

The JORC (which VAST have still not published in full, why??) only documents a 3-4 year mine life - with the confidence level of the assumptions in the report being moderate- Google the difference between proven(normally only in a working mine with proven production history), measured (which has a high level of confidence in accuracy- which also therefore is more reliable to ascribe value) and inferred and indicated which are what the 29th Oct JORC comprises

Nearly every other mining company goes through a process of building the level of confidence in their resources before they try to build a mine ( and many still fail at that point) - APs strategy has been almost the exact opposite (not totally illogical as Baita had/has most of the infrastructure already in place) , which if VAST had enough cash to get them through to sustainable production and the BoDs assumptions about what's profitably mineable, are correct, that could work - however, any external finance needs more than 'trust me, I know what's down there)

Trowtech - a guess - the sample was probably sent to a company called Grinding Solutions who are based in Cornwall

Mark 'I could be wrong'

Care to use any examples of your posting history where you've been right??

Andy 'I’m sure AP said the JORC came back better than expected'

I'm not trying to argue with you, but your statement implies that you have to trust APs statement ( not got a great track record as far as that goes) - publish the full JORC info as promised then you can make your own judgement
If 3-4 years mine life of non-measured resources is better than expected- then those expectations must have been pretty damn low in the first place

Mark 'some people are so inexperienced sometimes'

That would be the case if anyone fell for your totally unsubstantiated attempts at hype
Are you that much under water that you think it's better to try and screw somebody else over just to get clear? Very sad

'deep into extra time/penalty shoot out pending'

If only!! That would suggest currently a draw - sadly more like 5-1 down at the start of a second leg - possible, but history suggests highly unlikely