Member Info for steward1

Can't blame anyone for taking a profit and I'm sure that in the next month, we're going to get more of this volatility. Within 4 weeks, this is all going to look a whole lot different! Patience pays.

VAST does have a habit of multi-bagging over a few days. There's plenty of potential for that to happen this time round too. Any tree-shake will cause some to surrender their shares but if you keep your nerve this will fly again.

Still got plenty fuel in the tank... diamond news to come and news that VAST is re-starting operations in Zimbabwe. There's some speculation that, as well as diamonds, there might be a Lithium play too.

Most undervalued stock on AIM??? Could be!!!

Your timing was better than mine, Sandy!

I'm in no doubt that there are still going to be bumps in the road but l'm prepared to ride this one out for a good while yet.

Sandy - yes, of course, m/cap is the key metric and I, of course, concede that it has been higher. Can't remember exactly when I first invested in VAST BUT BP was not in a good state, there was no mention of Takob and certainly no public mention of diamonds. There was a pretty nasty episode with Atlas and many on here were suggesting that VAST and AP were finished.

Today, the position is quite different. Production is well up at BP and, whilst not at profitable levels yet, is heading in the right direction. There will soon be income from Takob and a healthy deposit from the diamonds which should eradicate debt (if that is what AP chooses to do). By all accounts, there will also be a re-start of operations in Zimbabwe.

So, when I say that turnaround is well underway, this is what I mean.

From an investment point of view, when is the right time to invest? Was it last year, last month or last week? Should the potential investor wait until nameplate has been reached at BP or wait until the money is in the bank from Takob and/or the diamonds or wait for all those boxes to be ticked?

I may have got some of my timing wrong but I'm pretty sure that I wouldn't be making money on VAST if I was to wait for AP to get the BP workers off a 6 hour day.

As I've said before, it's easy to pick holes in a firm like VAST at the stage that it's at with a CEO like AP with the history he's got BUT the main question for investors is whether VAST will be worth more (m/cap) in whatever timescale they've set. For me, I expect VAST to multi-bag in my investment timescale.

Sandy - the turnaround is well underway. You might not like some of the detail and you might not like AP but VAST is due a massive re-rating in the next few weeks.

Just watched the video from Friday - very positive indeed.

Confirms to me that, along with the packet of diamonds, VAST will be re-starting diamond mining in Zimbabwe... I suspect that this announcement will come along with confirmation of the diamonds being handed over. Got to give AP some credit for this.

Very positive noises about both BP and Tajikistan. Turnaround is gaining momentum and this is a screaming buy IMHO.

That's what I'm expecting, burnemc. My guess is that there are some developments behind the scenes after last week's presentations and potential new customers for the technology.

And on this question of the potential of CLON v's PREM and KOD. My own opinion is that CLON has much more potential in the long run. They appear to be in prime position with the Bolivians and there is huge potential beyond Bolivia as well. Remember, they also have a major claim on oil that hasn't been resolved yet.

Sandy - my expectation is that the debt will be extended/re-negotiated if the cash hasn't arrived.

I see your point ASI - for me, it would depend on how quickly Zim could be cash generating and the level of start up cash required. There's also the question of what is the safer bet or what has less risk. And, perhaps, there would also be the question of what conditions the Zim authorities might place on them to get it going again.

ASI - an even better result than Sandy's expectation. I agree on all points made... I'd hope that he would use some of the cash to get Zim operations moving asap.

Sandy - in my book, that would be a very good result!

Fantasy - that other share (PREM) has almost 24 billion shares in issue now. If you invest in AIM then the dilution comes with the territory... you know that! And, of course, there was the seriously dodgy actions of Atlas last year.

I'm not going to excuse AP's past actions and decision-making but I'm not going to assume that he doesn't want a profitable company.

If BP was the only source of income then one would run for the hills until Q3.

However, there will be income from Tajikistan plus a sizeable chunk of cash from the diamonds. Additionally, there's the strong possibility that operations will re-start in Zimbabwe.

There's still ifs, buts and maybes but IMHO the current fundraise should be the last one (I know that many of us thought that about the last one). Whilst some things aren't going as fast as some would hope, significant progress has been made ... don't forget that... and there is some confidence from VAST that BP volume will continue to increase throughout the year.

It is very easy to point out the flaws in a CEO and company in the situation that VAST is in. Perhaps for good reason, some on here can't see anything positive in what VAST are doing... I've been with one other share where I took a similar view and that share has now multi-bagged 30 times (without producing any income). I'm not saying that scale of increase will happen here but if anyone had taken my comments on that share over a certain period then they would not have invested. In other words, DYOR!

The main questions are whether VAST can get to a point where it is producing sustainable profit... I'd say YES... and can it get there without diluting anymore... I'd say YES.

Disappointed that they have to do a fundraise BUT it is in two tranches and I suspect if the diamond issue is resolved then they might not be doing the second tranche.
BP - almost operationally break even in March which suggests that they should get there this month. Production should continue to increase during the year... sounds very encouraging.
Diamonds - they must have something in writing from the government regarding the timescale... that's encouraging! I fully expect the re-commencement of operations in Zimbabwe to be announced at the same time that the diamond issue has been resolved. The bigger prize is mining for diamonds again!
TJ - exceeded expectations.
Forward selling - with the progress expected over the next month or so, I can't see a great impact on the sp.
Might be tempted to suggest that we won't see these prices again. AIMHO.

Lots of good news to come -

AP in Zim
Zim diamonds in his pockets
Zim diamond mining re-started
BP production ahead of expectations

Just to re-iterate something I heard a couple of weeks ago... there's a group of scientists (and investors) who had posted on ADVFN and they were pretty confident that the technology can work and can be scaled. It appears clear from the video that there confidence is not unfounded. The word 'proven' was used several times. Also, it seems to me that the pilot in Texas is more to do with tweaking an already proven technology and designing the right set up than it is about whether the technology will work or not.
The fact that CLON were out in Singapore with NextChemX is a very positive signal. The Bolivian authorities are already engaged and I believe that things could move very quickly.

It's clearly going to be a milestone. Now GR needs to hit those production targets!

Great find... I was very encouraged by that presentation. I got the impression that they've not even scratched the surface with the technology - it's not just about Lithium! CLON have managed to get in on the bottom floor too... it's no wonder that they got their share options sorted in January!

Very, very interesting times!

Well, the big launch was supposed to happen when we hit 1p but it doesn't appear to be happening today so here it is - https://www.ebay.co.uk/itm/314496697762
Ebay has some limits on how many can be made available so if you want one in time to toast GR when we hit 1p, put your order in soon! I'm told on good authority that Blue Nun takes on a unique taste when consumed from these mugs!!