Member Info for steward1

Unfortunately, I agree chadvines - if the conversions (I don't think this will be the last one) are within the terms of the agreement then Vast can't stop them. Getting into any legal dispute will be expensive and risky. Atlas are going to screw this for all they can!

Just changed my mind on this - how can you value a share where you don't know if 240m shares are going to be issued or not. This could get very, very messy!

Could get tied up in a whole load of legal shenanigans though!

Atlas not happy to say the least and looking to spoil the party!

Some have obviously been caught out on the wrong side of the trade. Atlas clearly got wind that they were maybe going to be dumped so took advantage of the spike from 3rd May... the sp drop had nothing to do with the performance of the company.
It's looking very much rosier than this did last week with much, much more to come.

The market seems to like it... at the end of the day, our opinions don't matter at all.

The news over the last couple of weeks signals a major turnaround with more good news to follow in the next couple of months.

So they'e seen this period as the ideal opportunity to make a barrowload of cash, Pecten11? Can't blame them for that but the forked tongue is an issue!!

Please correct me if I'm wrong but the conversion price would have been calculated according to the terms of Bond agreement and is not directly reflective of where the sp is currently at. Neither is it the future sp when the shares are actually issued. The market determines the sp.
Also, to put the current sp in to perspective, the low of circa 0.28 was hit a couple of weeks ago - at that point, I'm sure that most people would happily accept today's sp (although I do acknowledge that lth's are well, well underwater).
The big question is whether the last couple of weeks signals the beginning of the long-awaited turnaround - imho it does!

Pecten11 - you're not stalking me are you?

I did say re-financing on the back of the recent news at BP and TJKN - circumstances have changed and makes it all the more possible and today's news about Atlas could well be another signal that the re-financing is happening sooner rather than later. I repeat, Atlas saw the right conditions to make some money... the door was closing on them and they've forward sold and I expect the sp to make a recovery. Can't remember if it was you or Fantasy but one of you said (maybe both) that the sp will re-rate on the back of the re-financing news and on progress at BP. Today's news, disappointing as it is, doesn't change that.

Hey Acker - good to see you! If you thought the Prem board was interesting then this one is bonkers!!! I've been watching for a while - there are lots of parallels with Prem!

Pecten11 - I accept what people say at face value... call me naive. If you're questioning my integrity and I was lying then I'd probably be the kind of person who could mock up a buy note so asking me to publish one doesn't prove anything!

Joey - as you said, look at the big picture. The Vast conversion was opportunistic because the sp had risen on 3rd May and they see the impending re-financing which by some accounts is imminent. This doesn't change what Vast are doing operationally so I'm expecting more good news on BP in the near future.

joey - I agree. Look at the big picture. Vast about to re-finance on the back of positive news on TJKN and BP. For me, this has been an opportunistic move on Atlas's behalf!

1st reaction is that the lying is disappointing!

So Atlas have seen an opportunity to make a few buck due to 2 factors... the sp jumped on 3rd May and Vast are about to re-finance. I'm pretty sure that they will have forward-sold the shares and that's why the sp didn't fire on from 3rd May and has dropped instead. I guess, if you're holding, the call should be not to panic sell.

Time to buy in, though!

Good article - there's more to VAST than meets the eye!

Apologies Pecten11 - mis-read that but the point is the same, you don't seem to be welcoming the additional revenue?? Is the additional revenue a good thing or a bad thing?

Not sure if you saw this sentiment before on the deleted thread, Pecten11, but you seem to be complaining that Vast had extra revenue and that you're calling it into question... even suggesting that the extra revenue makes the financial position "far more perilous". I don't see the logic there?
What if the extra revenue was from both the TJKN project plus providing similar services to other projects (AP said as much in his interview)... does that not bode well? 1.67m in a single quarter looks pretty good to me especially when it brings on another income stream for 12 years... what if AP has got another TJKN project up his sleeve that opens up yet another income stream?

Apologies RealtimeBob,

I wasn't clear - I'm not sure that the cost of production is relevant since the update said "Vast will effectively receive 12.25 percent royalty of all sales of the non-ferrous concentrate and any other metals produced for its participation in the collective group."

So it's a % of sales rather than anything else. Given the projected volume, just wondering if someone has done any sums on how much sales and therefore how much revenue Vast will get.

The ownership seems to be a complicated set up bit my guess is that if the project makes a profit and pays a divi then Vast could benefit from that as well?

In terms of the Q1 revenue, it was split like this -
BAITA CONC GROSS REVENUES 620,368
OTHER PROJECT REVENUES 1,665,731
Can we assume that the 2nd figure is only TJKN or does it include other revenue from Baita or does it include providing services to as yet unidentified projects?

So I was making the point earlier that the Tajikistan project seems to be something of a bright light for Vast... fully funded and an income stream for the next 12 years. There aren't any projections of revenue in the RNS but I'm wondering if anyone has done any sums to work out how much revenue it might deliver based on what could be processed?
Pecten11 questioned how much income in Q1 came from TJKN and what was it for - has anyone got an answer? My thoughts are that the "Other inc" in Q1 came from providing services to TJKN plus 1 or more similar projects... can anyone confirm or deny that?

Yes, Johnny, the market is waiting for concrete news - meantime, we're in the twilight zone again! I think that another pressure on the downside is the uncertainty about how GR might fund the pilot mine. The last deal was not liked by the market at all. I have a healthy amount of scepticism on whether he can get it debt-funded without giving up any more of Prem or Zulu. Let's see what unfolds.