Member Info for Teacup64

TBTT - Silencing bad noise, lol....if that's how you want to win ;)

Forgetting about my brother, I have every right to start a motion, whether I hold, or not. Again, if you were smart enough, you would realise that it's the vote I don't have a right to, lol.

And how exactly am I trying to cause trouble? ....again, that's your obvious misunderstanding....clearly!

Troll??......When have I once critisised AP for the falling SP, the delayed results, or anything else? ...I havent, you just prefer to call me a troll for raising one single point thats not even bad! Then you attempt to reinforce the discrediting by publicly filtering me....unfortunately, whether it bores your simple mind or not, my point still remains as valid now as it was pre filtering.

Oh, I do note your silent greenthumb fan base, that the same applies to ;)

TBTT,

"Teacup - you really are the kind of bore who could start a fight in an empty pub, aren't you? You're not even a shareholder, so what do you care?"

Insults don't harm me buddy, but if you are bored, just log off.....and why does not being a shareholder mean that the points I make aren't relevant?

"When a firm proposal is put to me about the options, I'll decide how to vote then. For now I can't be bothered with this endless and meaningless speculation."

Speculation?!?! ....We know what his current agreement says, we also know that options will result in dilution....you don't need anymore information than that....perhaps you don't, as you are happy with your potential gains being given out, but I am not!

"By the way, I thought Andrew Prelea dealt very well with your questions in the Q&A. They really were exceedingly rude, and a lesser man would have avoided them or simply got angry. But, no, you got your answers."

Except for one question, I have to agree, hid did handle them exceptionally well.....but "exceedingly rude"?!?.....what, to ask what my brother, a shareholder, has the legal right to know!!......God, who am I talking too, seriously!

"Now please feel free to disappear for a very long while. You add nothing to this board"

I add to this bored what everyone else doesn't want to hear, as they interpret it as deramping.....if you were actually smart enough to realise, you might notice that all I want is to start a motion up, a motion that if followed, would actually benefit shareholders more than how you would prefer. Your either incredibly stupid, or simply don't want to hear things that don't sound overly positive. In fact, my proposal that "adds something to the board", actually adds value to shareholders portfolios....how exactly, other than "your bored", does that not add value to the board?

Sorry guys, had to disappear for a while...

Sandy - "Er... projects, timelines, financing, chance of success, NPV, jurisdictions, etc, etc".......I did notice that options weren't on that list of relevant subjects! ....which is my point, why? It appears that some would prefer not to talk about it at all.

2Pence - All opinions I respect, even where others have decided differently. It's just some would rather not have the subject come up full stop....or so it seems.

Yes, if AP were to cut his own throat on the options, that would be great, but I honestly can't see him reducing too majorly what he already has the right to, hence the option....if Vast doesn't fare too well let's say, AP has the choice to not exercise the options, therefore making his current position his fail safe position. As a direct result, I can't see that he will reduce his asset rights much more than equal.

For this reason, I don't think waiting for more information is required, especially as I'm against options in principle.

Dodge - It's a reasonable idea, kind of inline with APs handcuff statement, but personally although I don't hold yet, I would rather pay a ridiculous cash sum on a tiered system, rather than the more wild and unpredictable options where shareholders take a hit....that's just me though.

To Everyone Else - I do recognise that some are happy, even in the knowledge of whats being proposed, to continue with the options, and that's fine with me. But to some others, please don't assume that just because you are bored, that you speak for everyone, and thus the topic should disappear. It is mostly the same few names that frequent this BB, when a newbie comes along, he might think differently....and that's not a dig btw.

TBTT - A bit of a bore to you and a few perhaps, you don't speak for everyone my friend.

Furthermore, what else does everyone actually talk about otherwise, thats more interesting and relevant.....?

GG79 - That's fine, I have no issue with your opinion of the matter, after all, the point is all I wanted to raise.

Sandy - But how do I circulate that email without having to bring up a reason for them to email my brother?

I do agree with the "circles" statement, a counter proposal should be created instead.....but it's more a point of allowing newbies to hear that the issue exists at all, because let's be fair, they wouldn't exactly hear it otherwise.

Without offence to anyone, I have to admit, I find it absolutely astonishing that so many people on this board would seemingly prefer not talking about ways where they could benefit more than they are currently set too...perhaps it's just me, but it does strike me as odd!

Ian - That kind of defeats the point though to be fair, it's not the large holders, but the mass of retail holders that really have any power to sway the vote.

At the same time, it's the retail investor that never really bothers to vote, sometimes due to lack of understanding of what's being proposed, even if it were to their detriment....or benefit. It's this reason why I want to get the motion going.

It's all good for a newbie to hear all the good things, but it's also fair for them to hear things that could benefit them equally....would you not agree?

Look, I'm not hear to start bickering, neither have I got time too today. I simply wanted to post something that people can think about.

Sandcrab - I said that I wouldn't bring this up until more facts were established....this has nothing to do with "time", but facts that AP has confirmed.

And what does it matter about me bring this up at all?!? .....Does it not concern you how much of your investment you can avoid giving away? ....It's certainly a strange behaviour for an investor I must say!

I'm not myself, I'm waiting for the news to drop to make my long term entry. It is as you say, my brother who is in, but I use the term "we" as, I will benefit whether I choose to enter or not ;)

...honestly though, I'm not swarming round this BB for nothing, I'm watching it for the exaxt same reason you all are, we all know what's potentially round the corner and I don't want to miss out! (Call it a portfolio war between brothers ;))

The issue I've raised, is the only issue my brother and myself has, and to be fair, it's not even an issue, just an arguement for a better distribution plan, that's all.

To begin, and to make crystal clear my stance, I have absolute faith in Vast, and APs ability to drive the price northwards over the next 3-5yrs and beyond. However, I'm incredibly conflicted in my view regarding APs proposal for the creation of options. On the one hand, I believe that a CEO who can move mountains is worth his weight in gold, and should be rewarding accordingly. On the other hand, I believe we have a duty to ourselves, and each other, to be mindful as to how high we allow that reward to climb. Set the limit too high and investors risk defeating the very purpose of investing, which is to make money, rather than hand it away. There is the arguement that he effectively gave us the majority share of the assets, this is true. When AP took the role, a salary was agreed, and so was consideration for what he bought along.... 10% of BP. 2.5% of Blueberry. 10% of Zagra Assets 10% of any other Remin SA asset Vast acquires. To be fair, AP is paid a salary for his appointment on the board. On top of this AP is given his agreed share of assets mentioned above. I have no issue with any of the agreements as they stand....it's what was agreed by both parties to the contract. Regardless of handcuffs, options enable AP, on a sharply moving SP, to potentially increase the value of what his share of the assets would have otherwise have been worth, quite considerably, and irrespective of any potential resource increases. He says he has saved Vast millions, which is true, but at the same time, Vast has also saved him equally. I am also confident that had AP just gone to a major instead, options wouldn't even be on the table....A small company like Vast allows AP to put those options on the table. But most importantly, as AP said in the Q&A, shareholders do not have to allow it! I think the board needs to rethink the proposal. I also think we all need to step up and have our say too. To put into perspective what the values of the assets are, and therefore the reward AP currently receives, ask yourself these questions.... Using any data available, what is the resource size of Baita Plai? What is the cash value of that resource? What is 10% of that cash value, less costs? Then repeat the same process for other resources like Blueberry, Zagra, possibly the 5 biggest Copper mine on the planet.....Is that not enough? Nonetheless, if he manages to move mountains, I would certainly argue that he should be rewarded, but just not with options. That's just my thoughts on this particular matter anyway. Right, I'm off out for a few hours, it'll be just my luck some news drops and I miss it! ;)

An even lonelier crowd than before......I will also accept the answer '2'.

What's, 3 - Ross?

Which do folks think will come first? In the red corner has to be Xmas of course, with a statistical appearance every 365 days. In the blue corner we have the RNS, with a..... Even a warrant execution could win the race, so what's everyone's bets?

Just to confirm whether your buy price is better than mine, how much did you pay? ....Good move by the way, your ramp ratings also quite astonishing too. Welcome to the team.

F'ing Himilayan Mountain Goats, why do they always walk in front of the Snow Leopard! .....surely they should have noticed the BBC camera crew waiting in anticipation!!

But it will be soon Ross!....doesn't leave you long left to bash the share before purchasing does it!

Onshore Trinidad - Inniss-Trinity oil field Operational planning for the commencement of Enhanced Oil recovery operations using injected carbon dioxide ("C02 EOR") is progressing well with the delivery of the selected C02 injection pumps from the United States supplier being scheduled for January 2019. Scoping reservoir engineering studies have been completed, based on which surface facilities have been designed for an initial oil production rate in the range of 318 to 392 bopd. Combined existing production rate pre-C02 injection from the wells which are being included in the Pilot C02 EOR project is 45 bopd and therefore the target in the minimum case is a six-fold increase in incremental oil production ("Enhanced Oil Production") compared to existing production levels. Enhanced Oil Production will be the Company's share of future production. Economics over the initial six-year life of the project incorporating available tax losses, indicate a break-even WTI Spot Price for the C02 EOR Project of 27$/brl. Incorporating capital expenditure, for which the Company is fully funded, the breakeven Enhanced Oil Production rate in the first year of production is 110 bopd at a WTI Spot Price of 55$/brl. Subject to all necessary regulatory consents and approvals the Company expects cash flow from operations to commence during the first half of 2019. The Company is fully-funded for its investment in the Pilot C02 EOR Project and capital expenditures are coming in at below initial estimates. The Company took a precautionary step to hedge US Dollars at 1.32$/1.00£ to cover the forecast capital expenditures for the project and will potentially benefit from receiving anticipated revenues in 2019 in US dollars.

Ross - And If he does, how do you know that something else is not already lined up at better rates? ....or would that somewhat ruin your 'doom' story to suggest that aswell?