I dont buy shares but today i broke my Golden Rule. The oppurtunity was too good to miss. I bought shares and now in my ISA . Shows my confidence in VAST.
All bad news out of the way. If AP was going to do a placing, it could easily have been done at 0.13 to 0.14p or 0.10p. He gave 500k of his own money at 0% interest.
2015 will be the year for VAST holders. |
oilisgold
You Have to remember That a troll thinks being in a investment for a weekend is a long time. Dog sold out at a great loss many years ago. He has never forgot about that loss. The things is if he had not lost it here, he would have lost it somewhere else.
I have heard all the saying that have been said over the years. I always make up my own mind. If i wanted to know how not to invest. I know who to head for, Dog. |
These accounts mask the true progress that the company has made. If you read past the glaringly obviously negatives then there are a lot of buried positives in there. But the trolls will completely ignore those for obvious reasons. Any sane person would be averaging down. |
 So i have now had time to look over the interims. I am not a accountant, so that has to be taken into account.
But even though they had to reduce the workforce down, be cause of underhand practices. So volume fell of a cliff at BP. They managed to reduce the cost of sales by about $1m. Overhead expenses were reduced by $2m. along with cost of sales dropping by around $1.8m. losses for the 6 months were down by $1.179m. ALL prices compared to the previous year.
So yes it was a loss, but there had to be material changes in these 6 months. As we know a lot of the income vast have to come from Tajikistan did not come in to these interims. Along with the income from the former Hanes gold JV. Also anyone that knows about mining will know that the more you process the cheaper it becomes. It looks like , they have managed to put all the bad news into the finals for 2023/24. Along with the interims from 1st may 2024 to 31st OCT 2024. So now they have the next 6 months to start to show the progress they can make. |
Stupid naysayers reading and understanding the company accounts. Filter 'em all I say. |
Maybe they have found some gold at the end of a rainbow. They are bust , they just haven't bothered to tell you. |
Maybe they are processing Hains with gold price on the up and funding incoming to solve the issues at BP it may be more meaningful :) |
Quite right ice. People who don't invent stories to trick others into buying are pure scum. |
acumen? thats too posh for you scumbag |
Just been able to read the accounts.
Given that they produced 229DMT of copper in Q2 it means revenue Q3 must be zero. They have stopped mining at BP. But that saves money so GF will say it is excellent.
All we need is the Q3 update to confirm this. |
Ha ha ha, asking GF for financial advise....oh dear. Greenacres, Have a read back over, well, just about every post GF has ever made, and you'll get a flavour of his acumen. Hopefully, you'll gather pretty quickly, he's a total nut job. |
greenacres1
Is there someone who looks after you? Can I speak to them please. |
THE ARMCHAIR CEOS OF VAST WERE HOPING GOR SUB 0.06P The market is forward looking, we will now see a sustained rise. Great time to be a VAST share holder |
0.10p today was absolute bargain. We all know vast can move 100% in few days. Next time the rise will be sustained. |
GF,
100% SPOT on
The naysayers can't now say where are Q3 results. All bad news out of the way.
2025 will be a transformational year fir VAST and its share holders.
Next big news is funding and i also believe mow DIAMONDS will come sooner then we all tbink. |
Morning goldfinger what's your thoughts on what's happening as the script feels very different this time |
TeaBoy100: actually, the company is a going concern only because the Directors say it is so. When the annual results are published in nine months time, it’s extremely unlikely that the auditors will not qualify the accounts as to going concern - though I don’t think Vast will make it to October. |
There is absolutely nothing positive in these results. Our cost of sales are nearly 5x revenue (which has nose dived), our mountain of debt continues to rise (both secured and unsecured), and between the raise on 14/10 and the 31/10 we spent at least £515k. |
So those interims now take us to 31st of October 2024. So that gives us the Q3 production results, along with the first month of Q4. So we knew that Q3 was not going to be good a good quarter. We now have it confirmed. Now all the bad news is out the way we can move on to the positive news. |
Register to chat with like-minded investors on our interactive forums.
Hot Features
Premium
