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lse:vast

#68

VAST…
XXXX
Topped up again at 0.27p
50% deal.
13 days from the 0.28p last deal.


#69

VAST…
XXXX
Topped again @ 0.25 ( yesterday failed @ 0.26 … 0.255 was the order )
50% again .
Last deal of 2019 maybe .
The other 11 did not lift.
Despite what i read on some site about it being a normal trading day it was not the market closed 12.30pm shortly after my last deal of 2019 @ 12.12pm


#70

VAST…
XXXX
Not able to buy again with ( D )…

Always like to read what Castaway thinks on Vast.
I see his last posts now Gun & Tlw.

Castaway

Posted in: VAST

Posts: 10,010

Price: 0.245

Buy

RE: Jumps30 Dec 2019 23:05
Well in 2 years much has changed - if you know your VAST history 2 years ago SSGI had a stranglehold on the company we had $4mil of debt and a BS showing $28 mil of historic debt - we had PP a gold mine that was producing revenues, that we would not benefit from for many years and we had a couple of mines in Rom. PP has been sold and we now have a way to mine BP and the funding to do it. We also have a JV for a diamond field at Marange which we have funding for when the ZimGov get round to signing the MOA.
VAST is in a far better position.
I am not saying the past 2 years could not have been handled better, but I do not know the whole situation (like most PI’s), but we are in a better situation overall and if we get production form BP and Marange next year we will do very well.
Basically we are in a totally different (and better) position.

Castaway

Posted in: VAST

Posts: 10,010

Price: 0.275

Strong Buy

VAST is in a strong position21 Dec 2019 15:16
BP - cold commissioned and running up to production early 2020

Funding in place for BP and diamonds when they are signed off

Diamonds due at any time

The potential revenues are off the scale for a small AIM company

I hope all VAST investors have a great Xmas and happy and profitable 2020.

The future is bright!

Castaway

Posted in: GUN

Posts: 10,010

Price: 0.014

No Opinion

RE: NAV16 Dec 2019 11:35
not .5p, .05p :slight_smile: still a 3 bag from current s/p

Castaway

Posted in: GUN

Posts: 10,010

Price: 0.014

Buy

RE: NAV16 Dec 2019 11:34
Every dog has it’s day and this dog was trading at .5p a few months ago - undervalued now IMO

Castaway

Posted in: TLW

Posts: 10,010

Price: 45.64

Buy

RE: I guess deal Hunter will be banned soon10 Dec 2019 21:53
I love the posters who come on the BB have no “interest” in the share but tell all and sundry that the posters who are positive are trying to defraud others - Well in my case I think TLW is a good investment at these levels and as I stated last night the opinions on this BB have a minute effect on the s/p - II’s and the big boys rule this stock. All the doom mongers were on yesterday saying it would drop further but +14% is a positive step - more tomorrow IMO. £1-1.50 in the next 6 months is possible.


#71

VAST…
XXXX
Back down to those lows of the 2nd today.
Money in from ISAT ( Wi ) Buy limit failed yesterday @ 0.22p.

Was one among a choice of three placed this morning lifted @ 10.30am @ 21.96p.
Others were ALBA & GCM.
logged after a load of aggro after 8.30am ( terminals not working and slow ) to see RNs of low offer for the SXX shares @ 5.5p ( option for them to offer even less after looking at books )


#72

VAST…
XXXX
Looks like might of been a good buy 9 days back.
Up to 0.26p today ( 15th )
Noticed Castaway posted on 13th … he has not been around for two weeks.

Castaway

Posted in: VAST

Posts: 10,015

Price: 0.245

No Opinion

RE: Funding13 Jan 2020 22:29
He might! - I agree though AP talks BS at times, but he also delivers and that is the contradiction and probably why the s/p is up and down all the time. The funding deal is not the greatest on AIM, yet we will probably get the diamonds. Swings and roundabouts.

Castaway

Posted in: VAST

Posts: 10,015

Price: 0.245

No Opinion

RE: Funding13 Jan 2020 22:19
You just proved Sarah’s point - you do not discuss you just insult me - what’s the point in a discussion when you offer no factual argument?
I don’t wish to waste my time trading insults with morons.

Castaway

Posted in: VAST

Posts: 10,015

Price: 0.245

No Opinion

RE: Funding13 Jan 2020 22:11
ORT - I support a CEO until they fail to deliver - BB discusion does nothing in reality, it’s more like group therapy, that’s why the trolls show up as they can have a bit of sad fun trying to wind up the believers.

Castaway

Posted in: VAST

Posts: 10,015

Price: 0.245

No Opinion

RE: Hope13 Jan 2020 21:51
Sarah IMO, BP will be a profitable mine if it is set up and run properly. Revenues will be decent, but we have had some serious dilution over the last few years and the effect of BP is less on the MC than it would have been in 2015. The diamonds are massive and will generate 100’s of $mil over the next few years if we get to mine them.
gkb - you think a placing is on the way? We have a funding deal in place, maybe you can give me your opinion as to why we need a placing?

Castaway

Posted in: VAST

Posts: 10,015

Price: 0.245

No Opinion

RE: Hope13 Jan 2020 21:14
Daz, so Lee and I “spread poison from within” :slight_smile:

No I give my opinion on a share, I have no more access to any member of the company than you, I go to meetings and ask questions - it’s not difficult just takes time and effort!.

I have held VAST shs since 2014 and made some money on the way (as have many).

Please refrain from condemning posters you really know nothing about and who happen to be generally positive - just my opinion of course!.

VAST will do very well going forward (if we mine Marange) and even the deramping morons know that!


#73

VAST…
XXXX
Put a limit sale on buy 10 days back @ 0.265… went out for my Thursday lunch and lifted wile up town @ 0.2705p.
That is better then ISAT done over 10 days in last year .:grinning:
Looks like i could of got 0.28 / 0.29 !! topped at 0.3 says charts.

Sold last ( D ) top up Friday 17th @ 0.30 ( the last 2019 order lift @ 0.25 ):grinning:


#74

VAST…
XXXX
Might of been wise to slice a couple of times if Nigel Somerville is anyone to go by .

Vast – Interims at 3pm on a Friday, no-one-is-watching o’clock? Uh-Oh……where’s the cash?
By Nigel Somerville, the Deputy Sheriff of AIM | Friday 17 January 2020

18
Shares

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

AIM-listed Vast Resources (VAST), a company about which I have been a perennial bear and issued a sell call in the run-up to Christmas when the debt funding didn’t appear, has released interims to 31 October this afternoon. At 3pm on a Friday! What horrors do we find?

The blather at the beginning tells us that cash stood at $1.2 million and boasts of a conditional $15 million (net $13.5 million before expenses) bond facility. So all’s well?

Not so fast. The cash of $1.2 million is despite boatloads of confetti being issued during the period ($4.2 million worth, before costs) and net current assets were, er…… negative to the tune of $2.6 million. Right, so cash is…er…critical!

As for that bond, we learnt back on 18 December that the cash for the bond had not so far been forthcoming. In that announcement we were told that:

…. both parties working together with the intent to effect drawdown before 31 December 2019

But on 2 January we were told that the company had formally requested its first payment……and since then……nothing until now. It is now 17 January – and we are now told that:

The Company expects to receive funds shortly

Well, when is that….and would we believe the company anyway?

Given that we know that the company has raised just under $66,000 from share issues post-period (before expenses) I would suggest that the solvency of Vast has to be called into question here. Of course, it has that binding bond facility which apparently morphed into a binding conditional bond (which is therefore not binding at all, until the conditions are met) and despite all the song and dance since 1st October, when we were expecting sign-off later this week, then following Godot jibes from yours truly, laughable excuses on 24 October. And the cash – promised to arrive by the end of 2019 on 18 December, requested on 2 January 2020 still has not arrived.

Does anyone see a pattern here?

Quite why the shares are up 7% today is a mystery to me. As far as I can see there is no certainty of the cash arriving, the company is technically insolvent as things stand and if/when the funding does arrive it is a death spiral with bells on which will dilute shareholders to high heaven. And if it does not then the corporate undertaker is ready and waiting.

There seems to me to be no reason to read any further: this is a resounding sell/bargepole.


#75

VAST…
XXXX
USA Closed today "Martin Luther king ".
Castaway upbeat post @ 7.20am .
Upped slice limit ( D ) to 0.32 … Forgot that deal had gone trough on Friday above.


#76

VAST…
XXXXX
Losing track of this a little …records not clear two columns first and third .
Sold to early on 8th October 2019 @ 0.36p…
Ten days later on Friday 18th ( On flight back ) one day rise of 22% to 0.46p it topped @ 0.51p . in hindsight should of taken that .
Castaway posted will go higher !!!
Topped at 0.48p ( Wi…spare funds )
Dropped back to near 0.2 p ( over 50% ) …14 days ago 6th Jan 2019 i got some more for 0.2196p ( Wi ) not a long time ago on 23rd September they had dropped to 0.13p … so that was risky .
Sold it back 10 days later for 0.27 … ( buying the other choice on 6th January ALBA cheaper today with proceeds )
Forgot i sold some more Friday last for 0.30p sold same again today for 0.32p .


#77

VAST…
XXXXX
This S P article getting a mention on lse site… Castaway responding to another poster calling him a “bear”, i could not see which post that was.

PREMIUM CONTENT
Vast Resources is shortable and should be shorted
BY TOM WINNIFRITH

There is borrow so don’t hold back. The market cap was £28 million at a 0.305p share price when this piece first appeared. The shares are now 0.285p but this could go all the way.


#78

VAST…
XXXXX
I like reading castaway on this one.
Share price has dropped last week and a few posts from him .
The sector is down due to the spreading corona virus last few days the sector linked to china .

Castaway

Posted in: VAST

Posts: 10,026

Price: 0.295

No Opinion

RE: Why are we waiting…25 Jan 2020 20:46
IMO now the drawdown is requested, the Atlas deal will have to be taken. So I cannot see a placing right now - VAST is always operating on fumes cash wise and has been all the time I have been invested (as do most non producing AIM miners). I have no worries we will get the Atlas cash fairly soon.

Understandably the time between drawdown RNS and now has concerns PI’s - the fact our venerable nomad seems to be happy is good enough for me, we know from previous deals Mr Cornish will issue an RNS if any delay was possible and IMO it would have happened by now if that were the case.

The first drawdown will take the longest as it involves paying Merc and SSCG and transfer of the mortgage for the Rom assets from Merc/SSGI to Atlas and the no doubt complex legal work for that is a bound to take time as it is across multiple jurisdictions and languages.

Funding will arrive next week sometime hopefully, I cannot see it going on that much longer.

Castaway

Posted in: VAST

Posts: 10,026

Price: 0.295

No Opinion

RE: ignore the shorter paid deramper!!25 Jan 2020 05:55
Flava - that’s a first for me being accused of deramping VAST

Castaway

Posted in: VAST

Posts: 10,026

Price: 0.295

No Opinion

RE: ignore the shorter paid deramper!!24 Jan 2020 19:28
This old chestnut of paid rampers comes up everytime the s/p drops and vice versa with derampers. People who are unhappy with their investment seem to need to blame anyone who happens to be positive about the company without taking responsibility for their decision to invest. These boards are discussion forums and only that - however IMO it is entirely wrong to accuse posters of being paid (unless you have proof ) and it is libellous - anonymity is no protection.
So please let’s discuss the company and not the posters.

Castaway

Posted in: VAST

Posts: 10,026

Price: 0.33

No Opinion

RE: Diamonds21 Jan 2020 20:52
Let’s see what happens after the MOA is finally signed - there are the historic claims to be sorted as well, hopefully a positive resolution for all parties can be found.

Castaway

Posted in: VAST

Posts: 10,026

Price: 0.33

No Opinion

RE: Diamonds21 Jan 2020 20:18
Daz, I am no expert on geology - but we are employing the services of BOD and specifically James Campbell for a reason and it’s not to mine the alluvials (we have a highly qualified and experienced team for that already). JC is a hard rock diamond expert and that’s means kimberlites IMO.

Castaway

Posted in: VAST

Posts: 10,026

Price: 0.33

No Opinion

RE: Diamonds21 Jan 2020 19:03
We will have to wait and see Daz re. quality of stones - the old operations on Marange were largely corrupt, with the company’s undervaluing the diamonds, or just in effect smuggling them out - I think Mugabe said it was something like $15bn worth was lost (though this figure is disputed) - so the true value was probably never really established.
There is also a chance of a kimberlite pipe being found on the concession - the diamonds must have come from somewhere after all, but I suppose it will be potluck.

Castaway

Posted in: VAST

Posts: 10,026

Price: 0.33

No Opinion

RE: Diamonds21 Jan 2020 18:45
I agree with Sandy on the value - many of the rough stones in the past have been undervalued as they were not properly cleaned, XRT processed and sorted correctly. Many large stones were crushed as the equipment used was unsuitable. IMO if VAST get a field the yields will be far better than previously experienced and of course it will all be above board.

Castaway

Posted in: VAST

Posts: 10,026

Price: 0.33

No Opinion

RE: Diamonds21 Jan 2020 17:44
Daz as far as I am aware, the diamonds at Marange are varying colours some brown, some uncoloured - the coloring as you said, is due to radiation millions of years ago. Around 20% are gem quality the rest are industrial. The brown/black stones are well valued in the market.
there has always been a desire to grow a local to Zim diamond processing industry as this is where most value is accreted and hence wealth to Zim - this will take time though, so initially presumably most stones VAST mines will be sold internationally.

Castaway

Posted in: VAST

Posts: 10,026

Price: 0.29

No Opinion

RE: Not good20 Jan 2020 07:55
Flava we have a funding deal with Atlas for $13.5 mil, enough cash to bring BP on line and mine the diamonds - the deal is signed and the first tranche is due any day.

Castaway

Posted in: VAST

Posts: 10,026

Price: 0.29

Strong Buy

RE: Not good20 Jan 2020 07:41
IMO we will get the diamond deal done soon and Atlas funding sooner.

Castaway

Posted in: VAST

Posts: 10,026

Price: 0.29

No Opinion

RE: Not good20 Jan 2020 07:39
Not quite true the MDC have been invited - https://www.zimeye.net/2020/01/19/mdc-invited-for-the-uk-africa-summit-while-mnangagwa-was-snubbed/

This is the link content.
MDC Invited For The UK – Africa Summit While Mnangagwa Was Snubbed
January 19, 2020
THE opposition MDC has been invited to the UK-Africa Investment Summit which gets underway in London this Tuesday, a top official has said.

The party’s secretary for international relations, Gladys Hlatshwayo, told the Daily News on Sunday that the MDC will be represented by Elliot-PFebve.


#79

VAST…
XXXXX
8% gap up at close !!


#80

Vast…
XXXXX
Went up 14% after 10am …
This link from lse … also comments on CHAR …
Link https://www.share-talk.com/share-talk-bulletin-board-heroes-thursday-30th-january-2019/
Zac thinks it has to break resistance of 0.33 to hit old high of 0.55p ……

RNS… 7am Friday 31st January. lots of excitement on lse.

ppier2409
Posts: 36
Price: 0.325
No Opinion
RE: BoomToday 07:11
About time. Woohoo.

Islandgirl
Posts: 4,445
Price: 0.325
No Opinion
RE: BoomToday 07:10
Thank the Lord
xxxxxxxxxxxxxxxx

2pence
Posts: 2,031
Price: 0.325
No Opinion
ConfidenceToday 07:10
VAST BOD putting their money where their mouth is.

The Directors of Vast who own shares in the Company have also executed a Share Escrow Agreement with Atlas whereby the Directors are offering, for no monetary reward, substantially the whole of their personal shareholdings in the Company, amounting in aggregate to 143,140,500 shares (?Shares?), as guarantees for certain of the Company?s obligations under the Bond Issue Deed together with the achievement of certain milestones.

Farmer27
Posts: 99
Price: 0.325
No Opinion

BoomToday 07:08
What a weekend ahead! Diamond news next this is gonna fly my friends!

aimofthegame6
Posts: 403
Price: 0.325
No Opinion

Happy FridayToday 07:05
Everyone!!

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx


#81

VAST…
XXXXX
This tells you what actually happened on open 20% gap up to tecs break price then back down !!!
After early up and downs sort of settled @ 0.36 by 8.45am …
Have them in ( W ) both accs … ( D… might not be able to buy back , would of been a good thing in October 2019 after last spike lol )
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
ben1093w1
Posts: 394
Price: 0.335
No Opinion
RE: Up 20%31 Jan 2020 08:14
I agree, the response maybe somewhat muted because of the people that got spiked on the Diamond announcement waiting to get out, once we clear them it should be fairly plain sailing with plenty of news still to come

Zimb MoU
BP JORC
Chinese deliveries
BP in full prod
ReplyRecommendReport Post
HT27
Posts: 1,298
Price: 0.335
No Opinion

sp31 Jan 2020 08:12
20% ers in and out.
Not bad for 8 minutes work

randomfella1
Posts: 1,199
Price: 0.335
No Opinion
Up 20%31 Jan 2020 08:12
Already, may meet a bit of resistance here with a lot of sellers already bagging and traders making their weekend play money. This should do 50% today based on the RNS


#82

VAST…
XXXXX

castaway posted in late evening ( after the close )
I posted couple of times on lse pointing out no real movement all in massive spread saw spread of 6% up 5.99 at one stage.
Zac Mirs resistance was broke ( or was it lol ) .

Share Prophets of course had negative view.

Vast Resources – let the death spiral commence, and a slam-dunk breach of AIM Rules
By Nigel Somerville, the Deputy Sheriff of AIM | Friday 31 January 2020

47 Shares ( not sure what that is about ) hard to believe they do not deal ( maybe collectively )

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

One day short of four months on from its first announcement, AIM-listed Vast Resources (VAST) has at long last confirmed receipt of the first tranche of the death spiral funding it said it would not do. So yesterday’s announcement that the cheque really was in the post this time appears to have been true. Quite why it has taken so long remains a mystery, but whatever: let the death spiral commence. But how much actual cash does Vast gain from this charade?


#83

VAST…
XXXXX
This mail came through all these chats site run by the same cabal maybe.
I’m Clem Chambers, you may have heard of me, I run ADVFN.
I’ve spent years helping traders make money in the markets. Last year I was awarded State Street’s Market Commentator of the Year 2018 and have written bestselling books on how to succeed in investing.

Sensible post from lse

MullaneyJ13

Posts: 430

Price: 0.335

No Opinion

Be Honest01 Feb 2020 10:15
Taking many opinions into account and including the accentuated ‘delay’ for the Diamond sign off.
Let’s be honest here and answer the question as to why no signature has, to date, been forthcoming.
If you were granting such a significant contract whilst under the microscope of the World and your disenchanted country populations, why would you sign off without significant due diligence and conducting deep capability assessments?
Without completing such process you would subsume all risk and pressure onto yourself. The President, along with his cabinet, has enough problems to resolve without adding further pressures.
I would propose that capabilities of Vast to attract Finance to ensure successful outcomes of the ZCDC / Katanga contract were in question by many.
Why would anyone give such a significant contract to a company that may not survive the future without the ability to gain and attract finance, going forward, and may not deliver one of the most significant contracts, for the Country’s ‘Open for Business’ mantra?
Quite possibly yesterday’s news may have gone some way along that problem to be answered.
Hopefully a positive reaction, in Zimbabwe, to that news will add to argument of the necessity of the Diamond contract to be signed off ASAP.
Let’s move on now!
Just my thoughts!


#84

VAST…
XXXXX
It was indeed just another small spike on Friday down over 10% today ( Monday 3rd )
Buys at 0.29p , my 28.5 limit would not lift.
But it did Tuesday @ 8.25am 75% deal . ( 28.5p )


#85

VAST…
XXXXX
Interesting post from lse about AIM investing .
Shares my experience.
ben1093w1
Posts: 428
Price: 0.29
No Opinion
RE: Optimistic postsMon 23:07
GGP is good for long term holding, even from its current price, the issue is that as proven by VAST tends to be a losing strategy in AIM, you’re better off getting out with profit then buying back in as the inevitable luls between news take place and the SP drops. AIM is notoriously news driven and to make it worse you can get excellent news that either not enough of the market understands to buy in on or even worse, another company with more limelight gets an RNS on the same day and all the money moves there.

Vast will see a rise but i think its optimistic to shoot for 1p based on the MoU announcement alone. The only time we get 1p is if they actually put some effort into an RNS and give juicy figures, timelines and grades rather than, “We got permission to mine diamonds” lol


#86

VAST…
XXXXX
Must of posted the 0.265p buy ( Margret birthday buy ) on other site.
No rush two days on bouncing up and down on it .
Lots of clogging on lse this guy seems ok.

MullaneyJ13
Posted in: VAST
Posts: 435
Re- Top Up Time03 Feb 2020 14:57
I think many will attempt to buy back in just prior to next weeks agenda in Zimbabwe anticipating a possible contract signature. Personally believe leaving it very late to buy is quite possibly a high risk decision.
Hopefully, many will be caught out with the news signifying what WILL be happening next week will be forthcoming this week.
All we can do here is expect the unexpected like everything else where AP and Vast are concerned.


#87

VAST…
XXXX
Should of taken more notice of his tip on BOD up 30% Friday .
Castaway
Price: 0.285
RE: Bizarre12 Feb 2020 21:30
VAST is what it has always been (well for 10 years) - a company in a poor position financially with great assets - most AIM companies are in this situation - that is why they are on AIM - to acquire funding. If you invest or trade in AIM you must understand that. Making money on AIM is like comedy - it is all about… TIMING!
I have given up giving my opinion as it is pretty pointless. However in total contrast to my previous statement if/IMO when we get the Marange concession the s/p will bag at least - this is not difficult to understand and even the likes of the great sage buko may get it :slight_smile: - predictor of .1p - what a ****!