Member Info for Pecten11

😂😂😂

Yes Wontongue I am fully aware of that RNS but the point I made was that VAST haven’t updated the website to show the revised- post consolidation number of shares in issue

Without personally knowing enough about PREM to be fair to that company CanMax must have had a high level of confidence over the size/grade/profit potential to offer that sort of pre-payment

The contrast to VAST who had to sign over first lien security over their primary asset as collateral for a (now noticeably past the latest of many repayment extension deadlines) loan is immense

Hawaii5O - on what basis are VAST and PREM peers apart from being AIM micro cap mining/resources companies - of which there are hundreds of other?

As you say PREM haven’t actually supplied any product or produced any profit yet so it’s actually their mcap which is the anomaly rather than VASTs.

The one obvious similarity is the number of shares that have been issued but if you back calculated by a factor of 600 (two consolidations) than VAST have diluted shareholders far more than GR at PREM

Bargain- seeker - what on earth do you mean by very little stock?

From the VAST website -

The number of ordinary shares in issue: 5,571,644,142 as of 6 February 2024.

There are no shares held in treasury.

Percentage of shares not in public hands: as of 6 February 2024, 0.63% of the Company’s securities were not in public hands.

So over 99% of shares are in free float

Shocking but unsurprising that they haven’t updated the shareholder information post consolidation - another indication of poor attention to detail

Castlepaul ‘I filled my inflatable girlfriend up with helium.

Now she's playing hard to get’

I don’t think that the helium is the problem…..,

Firwood - you surprise - something I hadn’t noticed !!😉

Don’t think I’ve seen (probably my error such a washing of hands on the bottom of an RNS

Nevergonna- Tbf Gord_1 is right about the capex

It’s not a con of a company as such

AP has fulfilled his job as CEO by keeping the company afloat

However, his strategy has been to keep polishing a tu5d to achieve this (kicking the can, or one of many similar metaphors)and now so much Autoglym has been used there is very little faith in the quality of the underlying bodywork.

Personally I believe a full warts and all declaration is needed to create a new baseline - sadly the problem is now - would anyone actually believe it?

Ian - no. Those shares were what he received for his share in APMG that owned 20% of Baita Plai - he didn’t actually spend a penny

Ian - from Vasts own website

Directors’ Shareholdings*

as of 6 February 2024.

NAME % AMOUNT

Andrew Prelea 0.56 31,065,147

Roy Tucker 0.05 2,855,842

Paul Fletcher 0.01 705,480

Brian Moritz 0.01 250,000

Ianbeej ‘along with plenty of other big purchases if I go back through the history? ’

Please list all those other big purchases - purely from wanting to know the correct facts…

So how come the whole board of directors including AP only hold 0.63% of the company shares?

Steward - if you had spent more time reading rather than insulting me by implication then you would have noticed that’s why I said on a purely like for like basis, rather than you speculating (quote “who knows”) something different.

It may be reasonable to postulate that the mcap may rise if the debt is expunged but that cannot be guaranteed , can it?

Nevergonna- think asi is correct

In addition to the current 5.57 billion shares in issue the GM seeks the authority to issue a further 8.4 billion shares (although if the SP hasn’t reached at least nominal value this will raise insufficient funds to pay the creditors and provide the very short cash runway implied)

That 13.97 billion shares would then be consolidated by a factor of 6.

So on a purely like for like basis existing shares would be worth 40% of their value post consolidation (5.57bn over 13.97 bn)

Steward mcap guesses are purely that - guesses

Everybody in principle make them when they buy or sell - is the company overvalued or under- have the short/medium/long term prospects got better or worse.

The one thing that can be said for definite is that if the consolidation and associated placing go ahead then any existing shareholder will in effect own a smaller proportion of the company

Of course you did IQ15.7. lol

Yet another trader who only broadcasts his position after the event

David ‘The diamond update will follow.IMO’

Follow what? Consolidation?

The pied piper?

The apocalypse ?

Joey you’ve been predicting this will fly for a couple of years

Just checking you know the difference between fly and sink ?

Imo, the kicker is this paragraph which is suggested post completion - which very much sounds like a CLN deal - which suggests future pain too

‘Subject to the completion of the first sale under the Platinum Group Metals Agreement the owner of the Swiss investment Company owning the high grade PGM concentrate has indicated a firm interest in providing major restructuring finance to the Company, partly through debt and partly through equity to be issued at a higher price than the current share price.’

‘ This is going into the 4s.’

So post consolidation you already predict a further 33% drop???