Member Info for Pecten11

Mizman- ever thought about writing AP's podcasts scripts or VASTs RNSs for them ??

Thorny - thanks. That looks like it's from a broker note - which one and do you have a link please?

Yamsel, that's hardly a surprise. If the deal is approved, he would be swoping 52% of a dormant company as of its last declared accounts (AP Mining Group) for 8.7% of VAST Plc

The beneficiaries of the deal (APMGs shareholders) should show they are truly aligned with shareholders by accepting their shares as tiered, no cost options (to be determined) , so as the SP grew, the number of shares they received would grow in parallel, eg 10% at the current SP, another 10% at the Atlas conversion price of .24, another 10% at .3 and so on.

If they are so confident that VAST will produce what they've promised and the exploration targets are viable, then they would see the appreciation in value at the same time as the shareholders they've diluted to get them there

There's a bonkers 30% spread on the NEX - 13.3% on here is bad enough !

Yes, but if, as we've been told, VAST get paid as soon as it is laden on board, it doesn't matter where the ship is going .....

Max, I doubt it will be a Mercuria facility that will do the smelting - remember, they are primarily middlemen not manufacturers - and to be brutal, what difference would it make?

Robbo 'Hopefully we will get a breakdown of credits as part of the RNS,'

Hopefully I wrong, but I'll be amazed if we get told the exact amount of concentrate and the value of the sale, never mind a breakdown of the precious metal credits, because we would then be able to deduce the terms of the offtake with Mercuria - that will almost be confidential
The RNS when it appears will probably say something like 'the revenue received supports the companies already published income forecasts'

Nickel, you're better than that.

Bald a$$ ramp for your 2.80 trade

Transformer - simply wall street is just autogenereted drivel - please don't give their 'analysis' any credence

Tiger that's an interesting thought -the size of the dyke system is obviously an expression of the geological conditions that created the Marsfontein blow - if BOD find another pipe, even if it was a small one, would it not suggest that the likelihood of more pipes/blows would be increased - one could be a unique set of circumstances- multiple would suggest broader geological conditions?

TBBT - good to know you're still around
Would I right in saying that most of the drilling will be relatively shallow - probably less than 100m TVD??
So results should be fairly swift?

Boatbum, when the RNS on Friday stated that the company still stand by their production and cash flow forecasts do you really think that they've just forgotten to add the value of gold and silver credits into the numbers??
Those credits should largely offset (possibly into a small gain) the cost of tolling and refining charges -
With zinc and lead having lower spot prices, overall this is why Craig guided a cu equivalent price per tonne to create just one metric for shareholders to understand

With Tom Ogden from Blossoms

MelodyVR being mentioned on Radio5 with Nihal

Magmanus 'i use these boards to see the level of stupidity and then buy. :)'

I take it you read your own posts then.........

Max, it doesn't really matter (well apart from cashflow obviously !)

The RNS on Friday said 'The Company continues to produce both ore and concentrate and maintains its Q4 2020 production and cashflow forecasts announced on 7 September 2020.'
So for this quarter, it should be in total.
644 tonnes Cu concentrate
204 tonnes of Zn concentrate
94 tonnes of Pb concentrate

Which is a bit of a surprise as I thought there was only flotation tank up and running which would suggest one type of product.

I might have heard this bit wrong but didn't AP say in one of his interviews that they were going to stockpile the Zinc until they did a separate offtake??

Mizman, with all due respect, unless you have inside info, you cant say 'I'm sure it's a 5 day rolling average price pre delivery'

I'm not saying VAST wont gain from the copper price, just that if Mercuria's discount is a fixed$ amount, VAST will be proportionally better off with a rising Cu price than if it's a %discount.
But we don't know which it is

Buko, Mercuria will be getting a discount (we just don't know how much) otherwise why would they bother ?
They wouldn't have income of approx $425M in H1 2020 if they didn't structure deals which are profitable for themselves

https://www.ft.com/content/72300405-20bc-4dde-b145-9ff28f9da69d

Buko the first shipment is likely to be a lower average % concentrate while the processing flow is finessed but imo a 30% conc is probably the right ballpark.
Question re copper price is whether the Mercuria deal is a fixed$ dollar discount to the spot price or a%$ dollar discount ?

Will be deemed commercially sensitive so will probably never know which is annoying as makes it impossible to know what revenue the company will actually make/ against volume

It's likely that the gold and silver credits in the concentrate will at minimums cancel out the TCs and RCs

Perro, a good post.
Think it shows BOD are a much more balanced company at the moment - enough cash at bank for current programme, spread of geographical/jurisdictional risk, variety of projects at different stages of the development curve to spread news flow and avoid being a 'one hit wonder'
- though a chart topper at Marsfontein would do wonders for the audience