Member Info for steward1

Jaglith - depends on how you interpret yesterday's news and when those funds are needed. I might be wrong but I don't think that Prem will be using the headroom immediately and not until there is progress at Zulu... which should see the sp rise. The plan is still to deliver sc6 within 3 months and get that LOI converted into a proper deal.

We're on different sides again, Jaglith... remember, it is in no-ones interest for Prem to fail!

Well, with GR potentially sticking around for a maximum of 3 months, this would be consistent with what he has said before so, perhaps, not fully pushed out and I guess he could be confident that he'll see success in the next 3 months. There's also the challenge to get a replacement - who would want to step in unless the plant is going to produce plenty of sc6? There's the small matter of getting a secure salary too!

The cynic in me would say that the timing of the announcements yesterday and today has allowed 'some' to buy very cheap before today's announcement.

I've been on the sidelines and didn't expect to buy back in for a while but I've thrown a few quid in.

Anyone got any figures on what would be the minimum that Canmax would have to pay to take the rest of Prem?

Iky786 - GR made it clear that he was still in control of corporate matters. If it had all been part of the plan then it would have been announced yesterday. I reckon Canmax and GR have had enough of each other! Very interesting now because we have both Glencore and Canmax in play.

Iky786 - I reckon that he overstepped the mark yesterday with the AGM announcement. No-one, including Canmax and Glencore would have been expecting such a massive dilution. I think that would've been the last straw! Wouldn't be surprised if the Chairman will follow soon and that the AGM proposals are reversed. The whole idea of attracting someone like Glencore was to get financing sorted but GR went down the old route yet again. I wouldn't be surprised if we see some takeover approaches now... what price???... £40-£50m minimum. Remember, there's tons of lithium in the ground!!

About time - I reckon he has been forced out after yesterday's announcement.

Not at all surprised... PREM needs more funding than it has available to get Zulu over the line and to ensure that it can repay debts. Will consider buying in again after the AGM and consolidation.

AP has managed to get his feet well and truly under the table with the Taj authorities. VAST are in prime position to take advantage of opportunities.

This MOU is in addition to the one signed a few months ago and is broader.

Did AP use the word 'specials' to describe a few of the diamonds?

Thanks ASI - I missed that. Just can't fathom the childish behaviour of some.

There was some good contributions from Sandyshore and ASI over the weekend (which I can't now find!?) giving some clues to the valuation process... valuations have fluctuated these last couple of years but it all seems to be pointing higher. Best case scenario is looking like several multiples of the current market cap! With all the other developments in play and confirmation of re-starting ops in Zim, one can see why AP thinks VAST will be a mid-tier mining company in the not too distant future.

Might get some news on the Taj potential at the mining forum today.

Another tiny sell to keep a lid on the sp!

Fronteracheckin - you're way, way behind what is happening here and you seem to have put in so much effort to de-ramp this!

Someone is trying to keep the sp down with tiny sells.

Remember 1... when AP announced the handing over of the diamonds, he already knew that there was a good proportion of gem quality so I think he'll have a plan to sell them in stages over the next few months with the first tranche(s) being sold asap.

Remember 2... the Taj mining forum in London starts on Monday with AP and JMcF taking part. I'm hoping that, at a minimum, we'll get some sense of the Taj plans and VAST's involvement in delivering those plans. Perhaps, we'll get an RNS.

Remember 3... that 4% trade hasn't been reported yet. Either, whoever it was is late in advising VAST or is still hoovering up sales or they've reduced back below 3%. The latter seems unlikely.

Interesting week ahead.

It would be a very positive sign if AP confirmed that some were being cut!!

Quick Google and there's an auction next week!!!

They are rare but it does happen... this has already multi-bagged from its lows and all the signs here are looking good for it multi-bagging again from here. I doubt if anyone really thought that the diamonds would be returned or that there would be extra or that there would be so many of gem quality. This allows VAST to remove all debt and fund new initiatives. The big one, I think, will be re-starting ops in Zim - AP has spent a lot of time in Zim over the last few years and he hasn't just been standing in the queue at the bank waiting for diamonds!!

GR will need to show without doubt that the plant can produce sc6 first before Glencore do anything else... and that is several months away.