Member Info for TigerByTheTail

Is this share bipolar?

Hi Baht!
No, no ideas for the slide apart from the obvious ones you listed.
Just glanced at the mcap - less than 5m quid now. Which, given enough time, will look like a fantastic bargain, I'm sure. But how much time?

Bought a few more at 0.57 - which all things considering is a quite incredible price to pay for this company. The mcap is only just over 30m quid now!
Long term, of course, the future has never looked brighter for Vast. But, nonetheless, I lack conviction that the share price won't drift even more in the short term. It seems to me that there is some trading money still to exit this share.

Hi Bigbangs!
Lucky I am indeed! But what happens now? Bloomberg is an impeccable news organisations and their article will have been sourced properly. So, in effect, Barrick have informally announced a coming takeover offer of the remaining Acacia shares that they do not currently own - which isn't really very legal!
Will there be a formal pre-market announcement tomorrow morning and a suspension? Or a public denial of the Bloomberg article? Or what? I guess I'll just have to wait for tomorrow's episode of this saga.
One thing I do know for sure, though - anybody currently short Acacia is in for a world of pain!

This time next year we'll be millionaires, Rodders!
(Actually, I mean that. I think H2 2019 will be very, very good for JLP - as long as the world economy doesn't crash first!)

Hi 34DegSth!
Thanks for sharing your calculations!

Well, I'm a buyer for Vast shares. Big time. It's not like this company doesn't have a bright future!
But, as always, I'll wait until the knife has stopped falling. It's almost always best to wait until it has hit the ground and then to pick it up off the floor.

Hi Schmoops!
On the expected news flow for VAST, I'd add in the following Zimbabwe diamond related items:
1. Formal signing of JV deal with Red Mercury to exploit Heritage Concession of Marange diamond fields - IMMINENT
2. Announcement that Heritage Concession is diamondiferous - also, IMMINENT, perhaps at the same time as 1. (And this would be very big news!)
3. Announcement of bulk sampling / trial mining of Heritage Concession (together with fencing the areas to be mined) - VERY QUICKLY after 1. and 2. (And this in turn will lead to actual diamond income only a few weeks' later!)
4. Possible award of other concessions in Marange (cf. "old claims") - SPECULATIVE, BUT FEASIBLE
5. Possible award of licences to exploit non-Marange brownfield diamond assets in Zimbabwe, on a 50%/50% basis with BOD - AGAIN SPECULATIVE, BUT IMO QUITE LIKELY
In addition, the Zimbabwe government still need to formally announce their new diamond and platinum policy, even though it has been trailed extensively in the press.
(Speaking for myself, I'm not in the least worried about chatter about placings. I can't be bothered to trade VAST for 3%-5% gain each time; I know far better shares to trade if that's your thing. I'll just add a certain number of shares as each milestone is passed. In the long run, Vast's share price will take care of itself.)

POG in $ has suddenly shot up from $1224 to $1232 and it's still rising.
No idea why - can't see any big breaking news...

That's a good question, and one to which I don't know the answer.
But the quarterly results are due this weak, so I assume there is a rumour going round that they are good.

Hi Blackfisk!
Thanks for the mention. I haven't sold my final 20% of shares yet - but, yes, I'm losing faith in Hummingbird fast.
The killer blow for me is Bunker Hill - not so much the $2m loss in itself, but what it says about Dan Betts.
Yes, moving on to a combination of Centamin, Endeavour, and holding more cash.
(IMO, cash may be the best investment of all over the next few weeks! I think we're due for a few late autumn stock market storms.)
Of course, the moment I finally press the "sell" button on my last shares a takeover bid for HUM will be announced. That's always the way!

Anybody know of any gold mining company that uses hydro-electric power for its mines? (Or any other form of non-carbon fuel based power?)
That would take the risk out of its AISC suddenly soaring due to an oil shock.
And, let's face it, an oil shock is more than a possibility over the next few months. (Saudi shenanigans, Iran sanctions, Venezuela complete social breakdown, etc.)

Hi Bigbangs!
I just bought back in - the drop successfully dodged!
IMO, SP plunge way overdone. Something must have been said during the conference call that triggered a big sale, and that in turn caused a cascade of stop loss sales. I wouldn't be surprised if we finished today at 150p.

Hi BigBangs!
I'll be back at some point - no question.
But I think I'll wait to see what Barrick have to say about their negotiations with the Government of Tanzania first. I'm thinking we're due some profit taking here for a while.
For me, Acacia isn't really a gold play as such - I invest in Centamin and Endeavour as pure gold plays. Rather, it is a play on the outcome of the Barrick-GoT negotiations. The Tanzanian mines are way undervalued, if only they were left to operate in a normal manner. But will they ever be?

That was one long RNS to read!
My conclusions: good operationally, but worrying developments in the legal sphere.
I've enjoyed the rally up from the 90s, and I've made almost all of the money I once lost on this share back; but for now risk is greater than reward, and so I'm out.

That is directors talk (no gap)...

Interview with Leon Coetzer on *************.net. Talks about q3 results, Kabwe and Dilakong, in particular. Interesting and impressive.

In the end it's all about market cap - Vast's is around 35-40m quid.
For my money, Vast's existing Zimbabwean gold assets (Pickstone Peerless and Eureka mines) almost justify this market cap alone.
Vast's Romanian polymetallic assets alone (now fully licensed Baita Plai and Manaila mines, and the exploration potential of Blueberry and Zagra) are worth substantially more than Vast's current mcap.
As for the Marange diamonds in Zimbabwe, nothing is certain yet, but they are potentially worth the most of all.
So, for my money, Vast is cheap at the price for a long way yet.

Hi Sotolo!
I actually meant out of sync in a very short term way. Just then CEY price dipped into 101s (4% down) whilst gold price was steady / rising, and other miners were also steady.
When this happens I buy a few shares looking for the CEY price to rise back up to "par" and to take a small 3-4% gain. If you can do this trade repeatedly it can be quite lucrative over time!

CEY and gold price gone out of sync.
For my money either CEY is "too cheap" or gold is about to get slapped down.