Member Info for Shakeyerbooty

Why is £250k an odd amount? In fact,it seems a nice round number to me.AP stated there would be no further placings (that's it) as the funders would not want any more dilution.However,he also stated never say never and mentioned if a new concession area came up then it would need to be looked at carefully.It's always wise to have a little headroom,hence the small amount.It seems to me to be a just in case for the short term as over the medium term I would hope that Vast are generating huge revenue.

Sorry piker1957,I don't agree re the historic claims.AP clearly stated that shareholders will be pleasantly surprised by the historic claims settlement and details will be announced shortly.Clearly they are worth something.

zbc.co.zw/govt-to-launch-us12-billion-roadmap-for-mining-industry/ …

Note the word 'major'

AP looked & sounded very pleased in the Proactive interview stating Vast is in the best place it's ever been in.There have been nearly 250 trades this morning already and only just over 30 posts on this site.That tells me there is huge interest in Vast over and above what's here.Looking forward to BP going into production shortly,long before Prem ever do.

The finance enables BP to go into production by Xmas and then in a few months hopefully be finding diamonds at Marange.AP has stated there will be no more placings (that's it!).We should also get news of the historic claims settlement (shareholders will be pleasantly surprised).Let people sell early (more fool them IMO).The next six months should see nice steady rises,whilst sellers will lose their profits chasing the next rainbows.

are getting excited with good reason.
Well bugger me, you are right, on the weekly 200 ema has been cleared by #VAST. That should provide quite a boost from a T.A. point of view.

Investin value-Just to be factual,the funding is 13.5m DOLLARS net to Vast,not pounds.

So next week
We will have consent to mine diamonds in the most profligate diamond area in the world
We will have $13.5m funding agreed
BP to go into production by Xmas
Historic claims will 'pleasantly surprise' shareholders according to AP
Paper profit for the first time
Best position Vast has ever been in
This is now becoming a real company with huge revenues just around the corner.

Err,by finding diamonds in the most profligate diamond area in the world and by putting BP into production by Xmas.How else do you think?

It's risen 200% you clown.The meeting does not finish until later today,so why would you think we would get a morning RNS?.Jeez,some PI's have no patience.Funding has been agreed with a caveat there will be no more placings.We just await the formal signature re the concession area,which appears to be imminently imminent.Then,the sky's the limit.

Your panic has already set in Dodge that you wont get a cheaper re-entry.Typical PI who sells just as II's are investing.Transformational news is on the way.

Should clarify-Marange being the largest diamond mining district.

Totally agree mizman.
$13.5m net funding agreed
2 mines to be in production shortly
No more placings.That's it! (unless a new concession area becomes available)
Best place VAST has been in,in its history
Paper profit for the first time
Natural Resources fund invested as long-termers
Marange being the largest mining district in the world
Shareholders will be pleasantly surprised by the historic claims settlement
Just a few things to add what people have already posted.Should be a good week next week,but the real gains will be made over the next 6-12 months.

Go back to school and learn about percentages.

A PI who sells its stock whilst II's are buying and one to be ignored who can't do basic maths.The rise has been 200% actually..Two mines to go into production shortly.Can't wait.

Thought it was a three week drill?

Looks like they're still pretty conservative on the numbers when you compare to the porosity and net to gross of the LC at Goudron. But still high when you look at the P10 line and its at 153mmbbls STOOIP and circa 23mmbbls recoverable. Then look where UBOT recovered live oil downdip on the same formation as Saffron. I'm hoping some of that $5m+ of drilling planned in 2020 (if Saffron is successful) will be down to the P10 line or beyond. I see why LK said this is no more rats and mice. Both the porosity and net to pay could be 10-20% higher than these conservative guesstimates. Even the Sw is very high too, LC at Goudron produced dry oil. No wonder LK said its no longer rats and mice stuff, its large, its material and its exciting times stuff.

Just to add,company to become debt free next month.

That's because the free float is fairly small,which is why it goes up on small buys.I wonder if the new appointments will be announced at the same time as the interims due shortly.

Just a reminder from Edgein on another site.Hope he doesn't mind.

Absolutely, let alone the year of transformation, we're now in the month with SA acquisition planned and more importantly spudding of Saffron. This is the most exciting well drilled onshore T&T in years (not compared to the large companies offshore) but of the small caps onshore. Can't get much closer to Vene than the SWP. Geology of T&T gets far more complex the further you get from Vene, look at all those major faults that separate the rest of T&T, making it oily for sure but more complex. We're drilling updip of UBOT-1 that returned live oil to surface. Who knows what's trapped updip from this location beyond the Bonasse field of course. Has there been large volumes trapped in the LC? We're going to be drilling through several formations of Bonasse just to get there too. Exciting times.

I agree toft,but most of those days the share price has moved up.Surprised it hasn't today.