Member Info for Robsaunders99

we have seen in a long time.

So many strings to their bows, all gaining traction now.....

With the money he got from the floatation, he could get PE finance and take this private with a 20% premium to todays price

This is the way we see ths going.

Not really sure that is the case.

With every hole that this explored it costs money. The wider the intersections the further they need to drill.

On one hand this is substantial as it increases the reserves and the valuation of the business, but on the other hand it increases the cost

What does CB do about this ?

Its certainly a win/win whatever way you look at it, but dilution cannot be ruled out.

This is just one stock that keeps giving..

It has some of the most valuable assets and mineralisation in the jurisdiction

Copper and Gold.. All on a tear.

Valuation today is just crazy...

Should be on many multiples of todays price

Only caveat here... is funding.....

One of the safest investments in our portfolio

It hasnt panned out well for OILEX and dragged on for more than a year

This will take years to sort

Not sure this is ultimately good for COPL

gobbled up blocks of 100,000 yesterday and looking for more stock today

Crazy really when you see what they have in the pipeline and now cashed up

Will they get bank financing, or issue bonds, but could do some equity financing with the debt

That is what the market is unsure of.

Dilution is the fear.

There is so much upside here, with the pipeline of businesses that they have...

Dropped below $100 - China BIG SLOW DOWN

£2.72 next level

NM

The announcement today is like them raising $4m without the dilution that comes with it

Its quite phenomenal in regard to what they have done

We should be sitting at 70 - 80 here not the 50's !!!

and these twits at Vast cannot even mine it to profitability, even in these times

https://www.mining.com/chile-copper-output-sinks-to-seven-month-low/

TIME FOR THE BOARD TO RESIGN

Andrew Hall, cant post crying emojis on here... sorry

He is young, wet behind the ears and has very little experience running a mine, to be honest Prelea has virtually no experience running a mine either

A new CEO needs to be appointed and a new Non Exec both with mining experience to come in and navigate the company.

Banks don't like Prelea, (wonder why) The City doesn't like Prelea, Institutional Investors don't trust the Company and the BOD, Banks don't like Zim,( Blood money as two banks called the Country) Banks don't like VAST, not as it stands today

The board must be replaced with immediate effect for this Company to survive

Andrew Hall, can post crying emojis on here...

He is young, wet behind the years and has very little experience running a mine, to be honest Prelea has virtually no experience running a mine either

A new CEO needs to be appointed, a new Non Exec both with mining experience to come in and navigate the company.

Banks don't like Prelea, (wonder why) The City doesn't like Prelea, Institutional Investors don't trust the Company and the BOD, Banks don't like Zim,( Blood money as two banks called the Country) Banks don't like VAST, not as it stands today

The board must be replaced with immediate effect for this Company to survive

So to date every forecast has been missed

Prelea is delusional - £100m valuation

Pathological liar springs to mind

Net* revenue forecast:
o $17.2m 1 April 2021 – 30 April 2022
o $28.2m 1 May 2022 – 30 April 2023
o $33.4m 1 May 2023 – 30 April 2024
o $34.7m 1 May 2024 – 30 April 2025
• Net operating cashflow forecast before debt, tax and new capex:
o $4.9m 1 April 2021 – 30 April 2022
o $15.2m 1 May 2022 – 30 April 2023
o $20.9m 1 May 2023 – 30 April 2024
o $21.9m 1May 2024 – 30 April 2025
Notes:
1. *Net after royalties & transportation costs.
2. The assumptions used are set out below
3. Actual sales and production figures will be reported on a bi-annual basis.
4. Guidance will be provided to the market as the Company advances the new mine plan.
• The cashflows support a valuation of Baita Plai in excess of $100 million that represents a floor to the fundamental value of the mine with further potential upside.
• Full-time dedicated international mine management team being appointed to supervise every aspect of mining and production.
• Mining capacity is planned to increase by 65% under the new mechanised mine plan compared to the old labour intensive mine plan. The new mine plan includes
the acquisition of three Load Haul Dump Loaders (LHDs), an Aramine Face Jumbo Drill Rig, two Resemin Muki 22 Long Hole Drilling Rigs and a Tomra XRT Ore processing & sorting machine. The new mechanised plan further reduces specific project risk.

who knows....

No headroom to do anything like this

Point to this.

Shore Capital had figures that indicated the low yield.

Each of the main points the RNS raises about labour constraints, friable ground etc. as reported in https://www.londonstockexchange.com/news-article/VAST/company-update/15185789 all suggest a material change to the ability to perform work and substantial lower yields