Member Info for V111JAS

Perroverde : What`s your agenda here ?
No slander from me , just serious criticism of an incompetent CEO that issued misleading statements and cost myself and probably many other private investors a lot of money .

Hello Castaway , I read your post very carefully because you seem to be quite irritated by my earlier comments . Unfortunately all I read is justification of my critique . For example :
~~"what I have stated is that he delivers deals and IMO he will deliver the Marange HC and finance for that and BP"~~
I`m sorry but if you read your own post again very carefully , you will see that it`s full of contradictions and in my opinion a lot of confusion , other than your fervent determination to support Vast , warts and all , no matter what . Perhaps you don`t or wont see it and I fully understand that, your prerogative . However surely that is just your wish and hope there is absolutely no evidence that he will raise funds , and plenty of evidence to suggest that the odds are stacked against his being able to raise the appropriate finance . Quality finance is what the future of VAST (for private investors) crucially depends . Nope , he`s not a mining expert , and recent history suggests that he is far from a financial expert .
You probably do know much more about Vast than I do , but that doesn`t mean the decisions that you make will prove to be the right ones . From the `little` that I know Vast is proven to be a disastrous investment both pre and current Prelea .
Anyway good luck to you , as I said ; I wont be in the least offended if you come back and say `i told you so` .
GL .

I think will clarify many of the issues raised here today .
We should get the results tomorrow .
GL .

Agreed Pomeyrod !

Tuesday 18.42 ~ Thanks Angus .
This is clearly not a happy place . I am not going to make anymore `Beep ~ Beep` posts . They were made in a light hearted way , but based on fact to ridicule the outrageous incompetence of Prelea and his toothless Directors . They were also intended to expose what I believe to be the `stupidity `of a small group of posters who seemed to me to be infatuated with the mesmeric effect of Prelea and his promises of riches tomorrow (or perhaps the next day) . All those posts of impending success seem to me to be predicated and absolutely conditional on financial support . Lee Morris`s posts today are classic examples : "Once in production". Of course nobody has a clue as to wether that finance will ever be forthcoming . It seemed / seems to me that Prelea has some kind of svengali influence over a few of his passionate supporters and the only explanations that I can come up with are really bad ones .
As we know Prelea can`t lose and I suppose some people `Close` to him may feel that they could benefit from favour of some sort or another . I don`t want to see anyone lose money , but I also don`t want to see people seduced into supporting a lost cause . Perhaps if some had sold when I started the daft Beep~Beep posts and the sp was around .25 they could have already bought their holding back with a small cash reserve to exploit future direction / or not .
I`m not trying to score points , I just think this has all become quite serious and is no longer any joking matter .
Even IF the HC project does get started I suspect it is also going to need finance before it starts to make any worthwhile contribution to FCF . The position with BP seems to me to be even more precarious , I believe cash is urgently required . As Dodge very correctly points out ; this is a gamble , a big one . I hope it works out for those still chasing the dream .
So no more `Beeps`, but I will certainly continue to levy criticism against this incompetent BoD and those who would have us believe they have more privileged information than the rest of us and taunt us with the mantra that `If you don`t like AP I`m not going to tell you ` .
Just how childish is that ? So childish in fact that some of these people now wont come to the playground and explain their thinking , supported with FACTS , probably because they have no facts , perhaps it`s an ego related issue , perhaps because they feel exposed .
One person said he resented being called stupid , all because he did make a stupid comment , how stupid is that !
Despite my disdain for that kind of behaviour , I do hope those people turn out to be right . I`m looking forward to the posts that say :` We told you so ~~~"
but i ain`t holding my breath .
Good luck .

Not unexpected ~ but ~ `potentially` VERY disappointing .
Assuming a share issue :
1. I hope it`s not below .6p
2. Usually the sp dips below the issue price
3. Usually shares are presold , which may explain the current .7p
4. In view of the recent FO , could institutions have been persuaded to join the partnership and will hold a long term stake ?
Perhaps DW has in fact negotiated a dreamy creamy deal , which will more than compensate for the lack of cash from the FO and then of course the question is :
How much ,and what does he plan to do with it ? ~~ fingers crossed .

HEY ! We finished Blue ~~~ 20p by Friday !
( But which one ?)

Piker : If it all wasn`t so sad , it would be quite an entertaining comedy on here .
BUT : On a very serious note , I have a pittance left after losing quite a lot in the fall from .60 to c. .30 , I feel really concerned for those who have invested their hard earned money and yet retain a serious holding in this Company . I understand some of those reasons why they might have held out for a better outcome . Not least has to be the attraction of the undoubted potential value in VAST`s asset base . That I do not doubt . The main problem is that the Company has no working capital and no cash flow . That problem has been compounded by incompetent management .
I believe there is at least one poster on here that has heard this very dangerous statement in another place at another time , a statement usually constructed to pour oil on troubled waters but fails to provide any consideration or security for the private investor :
~~~"As I say, the company has specifically advised me " ~~~
It amounts to nothing and when the CEO of the Company has effectively driven the business into the ground and worse still when the CEO has absolutely ZERO credibility as a consequence of a litany of dishonourable , misleading , unfulfilled promises and guidance .
I find in Vast some frightening similarities with the Company to which I obliquely refer , which eventually ended in administration and with the Directors and a few in the loop walking off into the sunshine leaving many shareholders with a life changing experience , some of whom became destitute . The FCA did nothing .
I think I am entitled to speak here because the hype and the `promises` from this Company contributed to my losses .
Doh !
~~~" As I say, the company has specifically advised me "~~~
Directors are never going to give the heads up that they are desperate for cash , that their `strategy`(?!) is in tatters , or their negotiations have collapsed . I`m certainly not trying to tell people what to do , only that in my experience :
`Be VERY wary of these AIM Companies `; and never forget that ;` Something is always better than Nothing` .
(IF it ever does start to come good , I`m sure people would still be able to jump back in . Again NAI .)
Good luck Piker , and good luck to all the other decent but understandably disappointed investors here .

16.58 ~~~ What a childish , vacuous post !
`I`m right , and when people didn`t applaud me for my opinionated research , superior information and in depth knowledge of all things VAST ~~~~~
I just started to cry and threw all my toys out of my pram `.

Good Grief ~~~ judging by the voluminous verbiage posted today it really DOES look like some shipwreck S.O.S .
I don`t know if I can find the time to read through much of the long winded self justification stuff .
I doubt that I will have missed anything of consequence .
My suspicion is that the Prelea Army is out on the offensive today because ` The CEO of The Year ` (you know ~ the one who has achieved the highest level of dilution in one year ) has cracked it AGAIN by managing to raise a few more quid ~~~
Presumably of course involving even more dilution .

What`s in the air today ; Consolidation ? Privatisation ? Dilution ?

Perhaps an air of panic today ,

because there is that strong smell of fish from crabs castaway on the lee shore in the calm sea of that vast deserted island .

~~~ "invest more in Vast, huge upside here."~~~
Truly a `High Risk Strategy ` , VERY high risk , imo .
The problem here is Prelea .
He is surely the only one in a win win situation .
Perhaps Prelea IS pulling out all the stops to get VAST moving , perhaps he is pushing for the Marange go ahead , perhaps he has got finance for Romania as a must win , perhaps he is developing BP as quickly as funds permit . Success on these fronts would probably ensure that he could retain control , retain his `VAST` salary and continue to develop and exploit both Rom and ZIM potential .
On the other hand , by pressing ahead with the issues facing the Company he is certainly benefiting from his salary while at the same time ensuring that whatever happens to VAST , HIS personal interests are both advanced and secured .
In that context I`m not sure that he cares a toss wether Vast makes it or not .
Based on historical , factual evidence of achievement here the issue for investors and more importantly for `Investing` is :
Do you trust the judgement , skills , and integrity of the CEO ~ A Prelea ?

Solid realist post elcap .
I have to disagree slightly with : "However the elephant in the room is the SP."
If you had said : ~~~~~~~~~~~~~`However the elephant in the room is the AP.`
You would have been 100% correct , imo .
If he were to leave , along with a couple of other ineffective Old Duffers who are way past their sell by date ,
I think some potential might be translated into improved sentiment which would equate with improved SP .

There is unquestionably an air of despondency and disappointment among many investors in 88e , whom I assume events over the last 18 months as failure to deliver on the much vaunted `CTC` and `1.00 Party` folklore . Some have admitted to selling up , some to radically reducing their holdings . I don`t have a problem with any of that . From what I can see `The Real Story ` is just about to get underway , and with our new partner in PMO we have a quality Company now about to do the heavy lifting . That is in itself is a major step forward and the results of their quarter one endeavours and not THAT far away . Then I have to consider all the other possible outcomes and potential of other projects . There`s never a dull moment in this exploration business !
~~~ Yes , what a nasty day at the `Parrish Pump` , but I fully expect people to be singing from the roof tops come mid 2020 instead of throwing rotten tomatoes from the stalls .
GL .

smokin88 : 12.46 ~~~ So very true !

Well said Gary !
While in no way wishing to detract from your excellent post , it reminds me of Romania in 1990 just after their revolution . Stray dogs everywhere , crippled , destitute people living under cardboard or if they were lucky in the heating and sewerage pipework beneath the streets of Bucharesti , horse and cart transport and subsistence living in the countryside . .
Curiously many young people were both educated and quite fluent in several languages which they had learned by watching TV ! The Communist Government became `Capitalists` overnight promising reform , same faces different agenda , but the same undercurrent of corruption persisted . Romania was eager to join the EU , and the EU recognising the potential of their agriculture , natural resources and tourism , welcomed them to the `Club`. In many ways Romania has been transformed , with huge expenditure on infrastructure courtesy of the generosity our erstwhile unelected bureaucratic bankers in Brussels . Sadly the old saying persists :`You can take the boy out of the Bronx , but you can`t take the Bronx out of the boy .`
There is some even greater wealth for the privileged and the politicians (who change direction with the wind ) but sadly , poverty is still endemic , and as with many Eastern European Countries , a substantial percentage of the population long for the return of Communism , which afforded them more comfort and security . This grossly uneven and hugely disproportionate division of wealth is a very serious problem for democracy and ~ imv ~ possibly the greatest challenge facing the West , second only to the issues surrounding climate change .
Sorry to ramble on but the message is ; I really do hope that the Georgian Government succeed in providing a genuinely better standard of living for all their people and can through independence and self sufficiency escape the clutches and even worse corruptive practices of their Communist neighbours . Self sufficiency in Energy is fundamental .
Let`s hope BLOE becomes a crucial piece of the framework for their future prosperity .
Thanks for your Georgian report and I`m sure you will enjoy the rest of your visit .
GLA .

Yes , it`s a sign !
I have just walked past a brand spanking new beautiful metallic white AMG Mercedes 6.3 Bi Turbo V8
in Main St , Andover , Mass , USA . Cost in excess $100,000 .
Enough presence to bloe just about anything away , especially a loud mouthed bloke with a mike on a bike .
Registration No : ~~~ AJW ~~~
" What`s for you wont go by you . "
Yep ~ It`s a sign !!

Hi Reaper , I can assure you I have absolutely NO fantasies whatsoever in connection with the weird world of
`S*x , Rock n`Roll ` so often inhabited by "Celebrities" (?) with too much money , too few values and too much time on their hands . I see so many of them simply as curiosities , but would welcome their wealth as serious investors in 88e , perhaps DW could tap into the next Glastonbury !
I hope that doesn`t make me hypocritical :)
What a pity the sp is 77p and not 88p , which I`m sure would seriously improve much needed sentiment at the moment .

Perhaps I shouldn`t have posted that crucial piece of `Information` !

Chartman ~~~ I`m pleased to hear that you are not claiming to be `The Eggman`.
~~~ `Apparently `~~~ ! ~~~~John Lennon gave that nickname to Eric Burdon . While Burdon was out of his mind using amyl nitrate his Jamaican girlfriend Sylvia used to crack an egg over his ***** and then give him o**l **x !
Funny old world !

When Burdon shared the story with John at a party that included all sorts of willing girls, John “egged him on” (sorry, I couldn’t resist): “Go on, go get it, Eggman.”