Member Info for V111JAS

TWO farm outs PENDING !
I`ve never heard the FO expressed as pending before .
GL all supporters !

I love this bit :~~~~ " Game changing near-term activity: drilling imminent (Winx -1Q19); two farm-outs pending
(Icewine Conventional – 1Q19, HRZ - 1H19)"

You beat me to it jiddy !
Lots of detail and pretty pictures which I doubt I will ever understand , but I`ll take it upstairs tonight for my bed time story :))

6500ft ~~~ 12000ft ~~~ 50 days ~~~ I`m confused !!
I`m sure that there is good reason and some of the oil pro`s on here will clarify in due course .
GL .

Fwiw , I believe that the price of a fundraising is likely to be 13p . thereafter we may see a drop to c. 11p / 12p .
Once he has the funds ,I really hope that AP will provide some definitive clarity regarding his forward plan and how these funds are to be utlised .

Castaway , as you repeat yourself for balance I will do the same :
The current Mkt Cap and the sp is nothing to do with with the Company`s assets , it`s everything to do with :
Debt , Loan repayment liabilities , lack of working capital , trust , broken timescales , broken promises , no definitive clear forward strategy , and ~~~~ a huge dollop of , IF .
IF , we get one of the three preferred or even number 4 or5 to stump up the cash , they will undoubtedly demand a big stake in BP possibly as much as 25% or even 30% . We are not in a strong position to negotiate the best deal and this will negatively affect the mkt cap . What will AP do IF he gets a partner is unclear . What is required NOW is a clear forward looking actionable strategy to address our current problems . As i said i have great doubts that AP has the business acumen to deliver .
On a positive I suspect we will get the go ahead for fundraising and although this is likely to further damage the SP . it will buy time to stem the bleeding while a survival plan can be developed .
Dangerous times , not for widows or orphans , but for the sake of us left with a very , very depleted interest here let`s hope we DO get the funding to develop BP . That is where the future for Vast lies .
GL .

I`m sorry Castaway I disagree with much in your post :

" OK sentiment is very low but the prospects are no different from when we were at .7p."
We are in a very different position to that which we enjoyed some three months ago , primarily because we now know much more detail about the precarious position the Company is in . That`s one major reason why sentiment is on the floor .

"And in effect nothing has changed - it is highly probable we will get an off-take partner and we will get finance to do the diamonds."
Everything has changed ! There are no guarantees of an off take partner . If we get sufficient finance would it really be a sensible decision to direct what limited finance we might just get toward Zimbabwe ? FWIW I think not , but I would add that in both respects we STILL don`t know exactly what is going on in Zimbabwe other than it is undoubtedly a seriously risky operating region .

"I have always stated VAST is a risky share but there is little difference now than there was 6 months ago yet we are down 80%."
This is blatantly not the case . imo .

"I would say we are a strong buy - not without risk but the MC is currently £7.8 mil and BPPM has been independently valued (just our share) at $52,000,000"
In this respect you seem to be ignoring our debts and repayment obligations .

Your a right about our lowly Mkt cap c. 8m GBP , and that it`s asset value that `Others` might assess , BUT , I think this also represents the real risk of some predator taking the whole over at this or an even lower price and doing the job that AP should be doing now : Dumping the loss making sectors , cashing in the profitable side of PP , clearing the crippling repayment liabilities and concentrating on getting BP up and running . A fairly straightforward strategy for some entity with the muscle to address these issues , a nightmare for VAST with such precarious finances .
With everything that has recently transpired I am still suspicious about the real reason behind Mercuria`s sudden departure . In fact I think their reluctance to procede with T2 was perhaps known for some time , perhaps in November when the SP started it`s catastrophic collapse ., not that it matters now , unless of course Mercuria eventually turn out to be the `White Knight` .

Anyway I hope you are right , if you are , it`s still going to take months and months to get us back on an even footing ,
but I now don`t think AP has the business acumen to rise to the challenges ahead .
Regards .

I see Red Emperor has been flying higher ~~~ Again !
Come on 88 !

TBTT:.... Agreed !
If an Off Take partner is not signed up within the six week period that he states , then you plan has to be the best and probably only option left to the Company .
Who`s going to sack Prelea ?

Also ; this very specific question was not answered :
What is the situation in Zimbabwe in terms of being confident of making
further investment in this troubled country? Vast raised money at their
request including GBP1 million recently and where has this gone?

Is this the answer which `suggests` that they `Might` have paid money to Zimbabwe ;
"It is however critical that the funds are in place to commit to
development once these investment criteria are satisfied. "

The situation regarding the `Prepayment` ! for trucks is a disgrace .
All somewhat deceptive and about as clear as mud to me .

Irrespective of all the issues that I am aware of , a market cap of c. 10 M GBP is probably over compensating for the problems facing this business .
IF , AP signs up a robust off take agreement with another partner this will most certainly enjoy a dramatic rerate .
GL .

Good to see you back and posting Brombard .

Hopefully you`re right ~~~ I bought some more today !

This poster is quite clearly not of sound mind , only some deranged , unbalanced individual would spend hours posting repetitive antagonistic posts on the threads relating to a few companies , particularly this one .
It `s just ridiculous that his `excuse` is that he is acting in the interests of his brother who purchased shares at c. 18p .
Is his brother some deaf mute ? Perhaps taking his own advice he should immediately advise him to sell .
In the mean time I believe that it would be in the interests of this BB , and possibly the best interests of VAST , that nobody responds to his provocative rhetoric .
We , and the Company have enough to contend with without being wound up by some dishonourable individual with a vendetta and a mental problem who should be reported and banned for their disruptive behaviour .
imo .

Phrontist~~~~~ In a way I wish you would stop posting ~~~ I just keep on buying ;))

"The Permit to Drill for Winx-1 was submitted to the Alaska Oil and Gas Conservation
Commission (AOGCC) on schedule, prior to the end of calendar year 2018. All logistics and
permitting remains on schedule for a mid-late February spud date. The Permit to Drill was
approved in January 2019 subsequent to quarter end, with all permitting now in place for the
drilling of the Winx-1 exploration well."

Go steady on the Tinnies Waussie :)

Muscat , I suspect from your posts you are an unashamed trader . I don`t have a problem with that , but your somewhat less than subtle deramps are hardly endearing .
Poor form . imo .

~~~ Also meant to say that `IF` the report from Zimbabwe is true , it suggested that the mining awards were agreed in December . Surely AP would have been aware , certainly long before today`s press release .
1. If he wasn`t , he should have been .
2. If he was , he had a duty to inform the market .
As the thread title says we are ~~~ `Not in the picture` .

Fingers crossed Guys , I still think there is value here especially as our market cap is now less than 10 m GBP .
Let`s hope that the value destruction eases off soon and a sensible strategy emerges to reverse our fortunes here .

You`re right mizman , but how the hell are they going to get BP up and running is the 65k question .
AP is going to have to stick his head above the parapet soon to address this and dozens of other questions . Two that I particularly wanted answered are :
Where are the trucks , has any payment been made toward them ?
Where did the 1m GBP raised in December go ?
I have my suspicions on both issues , and they neither are comfortable or complimentary toward AP`s reputation , total incompetence would be the best of explanations .
Totally my own fault for believing all the hype , the promises , ignoring the warning signs and trusting statements made by the BoD ;
Perhaps some White Knight will come charging through the gloom , but right now I feel as if I`ve been led up the garden path .

A year ago I thought that Vast had some real prospect of success .
What a waste of a year .
What a diabolical investment .
Totally disillusioned .
What a complete and utter mess AP has made of this business .

Encouraging news , but I`m not holding my breath for a speedy payment of Tax Credits due to 88E .
They will probably prevaricate and appeal .
The State`s behaviour over this issue has been disgraceful , it borders on the downright dishonest , imo .