Member Info for Sarahlamb1

He doesn’t have 20% in bp anymore. He’s stuck with us underwater

Never really looked into his past.
So what’s the story then? Credible sources you got all this from?
I guess most ceos are hiding something along the long journey, my god if only we can imagine what most ceos and their mates at other companies are telling each other about this and that.
Nobody is Snow White but I never knew about what you said below

Anharry.

In my opinion assume one of two things now we are at end of year.

1. Average deal with bank which is better than the two death spiral ones. That’s progress,

2. Vast will pay off atlas withbthe 6.2 and a bit more and in theory apart from mercuria we are 100m mine with great cashflow and no debt. Now whether it’s because ap is a salesman and not a good ceo or a good ceo all that matters is cashflow and no debt. Even the most negative investment house in the end can’t avoid a company like that, love app or hate ap. we just have to wait maybe six months and one day you will wake up, turn on your screen and the mms will spike this like never before. We just don’t know when.
I’m waiting for that day or my coffin will come sooner. Not sure which!

Starvest.

Thinknit was last or one before, I’m sure it said further raise might or will be needed when they were saying what was needed.
Would happily find it but in meeting.
Nail biting times not knowing eeh.
Then you have those that are talking going private. Don’t understand how that all works , don’t want to think about it.

Sandy,
I hate to say it incase I’m slated but either it’s the bank coming on board or atlas paid off with additional raise on top of last one to clear them. They still hold the zim funds for future.
So dare I say it but next year looks good whatever of the two scenarios as long as vast ramp up asap and confidence creates institutional investment

Hi sandy.

Yes very odd. Was on a phone and this site can play up a bit I find. Bit like my threads!
Yes of course I see your point re mercuria but their debt I imagine would be reduced through an agreement that reduces concentrate income whilst reducing their debt, as they take the product isn’t that how it would work, just guessing?
Either way as long as ap has that amount the bank requested and a view on raising another amountbto completely erase atlas then my nerves will reduce.
Of course the bank should still come through..............

Sandy,

I just read your post and then it went???

Strange, to your point though I imagine Andrew was well prepared if atlas convert without the finance etc,
So the money raised for the bank is a double protection method allowing for the bank or atlas. Or the bank maybe insisted that vast pay off atlas in full prior to agreement, i think the rns said further funds will need raising also
So my guess is bank is a no go, atlas get paid and we raise another 2m to get rid of them. The market will initially be fed up, the usual twenty negative posts will jump in here and then a sending rns will say atlas will be paid in full folks.
So then vast debt free apart from mercuria which have agreed to stand back ad we know.
Then maybe third rns saying second concentrate sold and we are cashflow positive and we don’t need anyone!!!!!!!!!!!, lol.
Wouldn’t it be weird if it did run like this.
Either way atlas needs clearing fast and I believe we can do this.
My worry is the mms don’t see this as good again and the price just sits still.

Funny how you never mention the fact that sub Saharan had a complete strangle hold over vast with pp as you know.
If your going to spread more negative at least get it right.
Vast could extract zero out of that headache and had to carry 40m of debt.
It was a disaster and vast had an obligation to fund more.
Yes you forgot that bit.
Yes gold has risen so has everything.
But vast are free of that headache. This is widely acknowledged on tnis board apart from a few posters who refuse to see this.
I think he’s doing the right thing holding back news as all this gives rise to constant negativity. Look at the long game here now with bp. It’s a monster mine potentially.
Surely with your massive shareholding, you also with yours gb47 youbwill be holding even tnough your constantly knocking this share.
I don’t get why you don’t sell up.

Fingerscrossed.

Yes I agree. Again if you extract all of this and focus on where we were, what was the plan and has he achieved it then it looks positive. Very positive.
He’s manipulated time, podcasts I’m sure in order to reach the goal. He’s said he had to do what he had to in podcasts,
1. Sold. Pp. impossible to stay in
2. Reduced 40m on balance sheet to 8m
3. Closed manaila, not profitable until build plant
4, got bp licence
5. Got finance. Not good but nobody trust. Unproven Romania and zim so take what’s on offer
6, got mine to produce
7. Hopeful tier one bank
8, if bank fail, and they do for much more successful companies and re Covid and brexit, why any bank is lending at the moment proves it is still a miracle. Let alone country not proven
9. We have funds now to pay atlas, or most of if bank fail

These are the facts. Forget the bull and promised and and and. It’s just the skin , not the meat of the story.

One can’t ignore the misery and timelines and the rest but the journey hasn’t changed.
Mine mine mine. And that’s what he’s doing with a much healthier balance sheet.

Anyway I wish all Posters a fabulous Xmas and new year. Can’t see anything this side of the new year now with banks shut etc.
So merry xmas all!!!!

Stringer.
Evening.
Yes ok I see your point but 6m is in that and not spend so £4m. But ten mill for mine as the 6m is held.
However his behaviour is far from perfect but we don’t often get this much info from other companies as we do vast, perhaps if we didn’t then we wouldn’t have so much to play with.
In a way he has been far to willing to tell everyone he’s the messiah and has broken every deadline but again I repeat he has a producing mine. Not many others have with so little. Ummmmm ggp. No income. Well over inflated market cap and still nothing. Ok no lies maybe but 50 times what it was on ..........
makes you wonder

Evening fantasy. Hope your well

Look believe me I get it. As you know I’m in with a lot of shares so worry is a constant threat to me.
I’m simply trying to take out all the bull ap has put out, putbin facts that matter , and then look at the potential.
We overlook the mess this company was in when he took over.
I think honestly that if you had got the truth about where we stood, so close to collapse, and what itbwould take to get it through it was an impossible task,
I’m not saying it’s acceptable to lie, twist and fool investors, I’m just trying to make the point that perhaps it was the only option, uphill battle?
Please don’t think I’m suggesting his behaviour is acceptable day to day, just wondering if really every day was a possible collapse over the last three years.
Therefore he’s pulled us to the finish line.
Maybe?

Sandy.

It’s a good point you make. How would investors view this company with another at the helm.
At the same time we must face facts.
Ap had dumped that dog pp that we could never extract money from.
That could have finished this company , and he has got this mine producing.
Now let’s add up all the raises and the ‘ trucks gone money’ and the zim money.
It’s still minor compared to what this mine is and will be bringing in.
Now let’s pretend there is no board for investors to slate or love ap.
I wonder if I would be thinking
1. This ceo is a bit of a wide boy but come on he has got a 100m mine or 60m mine up and running for 10m of raising( no income means raising for any aim, he can’t be blamed for that) and the rest.
It’s now going to make shed loads with further expansion.
Then I would be asking myself,
1. Debt on balance sheet was 40m. Now what 8m. Dumped that dog pp that was killing vast. Ok he’s got two death spiral companies, but nobody wanted to lend to vast when he came on before all the ‘ moved goal posts’
So to conclude if you extract all the bull and the positive and negative posters and just look at the facts as one poster said then it’s full of ‘hope’ lol and has a clear pattern emerging.
And that is growth. Growth and more growth with debt reduction one way or another.
He’s a trader but he has got a stonkernof a mine here. Ap pulled itbin. no other bugger got it.
I just wish he would stop giving stupid dates and just leave the door open more.
Promises are a guarantee to resentment.

Would be interesting in vast had a stable ceo come in and ap brings in all the deals.
Now that would be an interesting company. Very interesting

Hence he’s a deal maker not a ceo.

Sandy.

Yes I think I agree , the key is what was in aps mind when the bank said raise.
I think he saw this as a positive whether they go ahead or not.
Can you imagine if he was able to clear most of atlas and then rely on the constant concentrate sales and by say half way through next year be debt free.
Now surely with a company with no debt by then and taking up production would warrant a Re rate. Hate ap or not nobody would be able to say he isn’t running a profitable company.
Yes there will be those saying’ how did he get to create that after such lies over the years. But let’s remember the last interview.
Do you want a profitable company that gets here kicking and screaming or an inflated market cap.
I actually think he will come up smiling whether the bank come through or not.
My only worry if the bank doesn’t come through is that ap will gonoff investing in another project before stabilising the present position. He did say a few time’s recently that he doesn’t want to do that until bp doing well, but he’s like a kid in a sweet shop. So much to try and sample.

A Harry.

To be fair though I bet if you asked the ggp ceo how much ggp have in the bank he would say’ mind your own business’ I m happy to be corrected.
I do like ap stance on not having to report every month however to little to late. Badly timed this one.

Sandy,

Any idea what vast should have in bank.
Oct raise. 1.6. Atlas didn’t convert I think.
Dec. 1m sale concentrate. ?
Dec. 2nd sale 150tonne. £300?
So I presume even after mining costs and wages and general
Cashflow they should be well cashed up?

Stringer.

Well ifnit has lets get on with it as Last day Tommorow , we need to know.
Then ifnits failed we can pay off atlas with the £4.5 mill plus what’s in bank and neg the rest.

Hi sandy.

Yes agree. There is only so much rope you can give him. This company can’t have another raise. Either takenthe 4.5m and the money from the sale 450t and pay atlas off or pay off 80% and re neg better terms to pay off with further sales.
Keep the zim money.
But just get on withnit, the minute the bank say no, I pray they say yes
I’m my stupid opinion have this news ready so we have something to hang on to, itbwill seem a positive play, and look like he has a b plan.
All we all want is stability. We know the copper is high and will keep producing.
No more bloody raises or just raise another 2m if you have to go get rid of atlas.
Therefore no debt apart from mercuria which as you have stated sandy will stand down for now.
I therefore imagine that ifni can work this out so can ap and indeed he knows the bank have agreed andnits just paperwork timing.