Vast Resources Share Discussion Threads

[negan] 23/6/2023 12:33

I prefer to listen to NOMAD approved RNS releases instead of strangers posting Fud hiding behind a keyboard.

[gold finger 1] 23/6/2023 12:33

In addition to normal working capital requirements, the Company needs to ensure that it is able to meet obligations in relation to the Asset Backed Debt facility from A&T Investments SARL ("Alpha") as announced on 16 May 2022 and the debt owed to Mercuria Energy Trading SA ("Mercuria") relating to Tranche A of the Prepayment Agreement announced on 21 March 2018 which currently amount in aggregate to some $8.4 million. Under the extension documentation referred to in the Company's announcement of 15 May 2023 obligations in relation to Alpha and to Mercuria are expected to fall due on 30 June 2023.

Despite our continuing efforts and the High Court Judgement in our favour, we have not, as at the date of this letter being published, completed the settlement of the historic claims. This remains our expectation, but as time moves on we need to plan accordingly.

Therefore, additional headroom is being requested to ensure that in the event that the realisation of the Company's historic claims -- referred to in the Company's announcement of 15 May 2023 -- is not achieved prior to 30 June 2023, or such later date as may be agreed with Alpha and Mercuria, the Company can demonstrate that it has an alternative method of meeting its obligations thereto as well as meet its ongoing corporate and other costs.

b) To seek authority to issue the remaining SARS as announced on 24 April 2023.
It should be noted that there is no commitment at this time to issue any of the new equity share capital for which authority is sought under paragraph a) above. The new equity share capital for which authority is sought in order to demonstrate the ability to repay Alpha and Mercuria will only be issued in the event that the obligations to Alpha and Mercuria cannot be met out of the realisation of the historic claims referred to above. In the event that the claims are not realised before 30 June 2023 the Company will endeavour to negotiate a short extension for the repayment.

//////////////////////////////////////////

I think even the thickest of trolls will be able to understand what the above statement is saying.

In the event that the claims are not realised before 30 June 2023 the Company will endeavour to negotiate a short extension for the repayment.

[pwhite73] 23/6/2023 12:32

g f 1 - "But now we have had the doomsters claiming they will all be used. Again I wonder why."

I just love the way you create the doomster allegations yourself then refute them yourself. Please direct me to a single post where the doomsters predicted all 48.5% will be used.

Anyway all this talk about dilution, BP, Manaila, Takob is all a deliberate distraction from the one and only topic on everybody's lips, the missing diamonds.

[bionicdog] 23/6/2023 12:27

Mine don't. That's because I ban rampers and liars.

[gold finger 1] 23/6/2023 12:23

Well looking at the volume again today does not really suggest There is a placing coming. The management would know they have the votes to pass the head room asked for.
They will have already put the feelers out to see who would take these share.
The last GM call on 7th Oct 2022. Had asked for this.

The total authorities being sought represent 40% of the Company’s existing shares in issue.
Now no one was claiming back then that 40% of this headroom would have to be used. I wonder why.

But this time they have asked for, The total authorities being sought represent 48.5%.
But now we have had the doomsters claiming they will all be used. Again I wonder why.

[negan] 23/6/2023 12:23

Dodge, care to post the full article that GF wrote instead of just 1 paragraph to meet your agenda. If we all listened to fudsters and trolls hiding behind a keyboard we would never invest in anything. Every share thread have at least one.

[negan] 23/6/2023 11:57

Yes, agree GF. I don't see dilution as a negative to ramp up production. Without dilution how would most companies be able to expand. I do have faith in the new Zimbabwe president and government though and truly believe the diamonds could be returned any day now. If they do then we should be debt free and some. Really positive to see that the president will be visiting the LUBU producing coking mine next month. GLA, Negan

[bionicdog] 23/6/2023 11:57

Negan
Like many people , you fail to understand the proper meaning of the word "irony".
"Why are you posting on a forum if you don't hold shares?
You are a bitter ex investor.
You are a paid deramper." etc etc zzzzz.

[bionicdog] 23/6/2023 11:52

No you didn't.

[gold finger 1] 23/6/2023 11:43

So will we see some dilution after the GM. I would say yes.
How much is the question. You see AP may just want to get Manaila back up and running.
They may have people interested in a JV or a royalty, but at what cost. It would be better to take some dilution tomorrow and not give a larger percent away. AP and his team will know what is needed at Manaila to make it profitable. A new ore sorter or two, some new lorries to transport. Or they could just use this money to explore the extension. That way the asset would become more valuable. I cant see them going to the expense of constructing a new plant on the site, without at first having a good idea what is in the ground on the new extension. Manaila may have enough ore to make it profitable alone to build a new plant, I dont know. I know of Manaila, but like the Zimbabwe diamonds thats something i never bought in here for. I bought in on the strength of BP. If anything come of Zim and Manaila, they would just be a bonus. As i have found out Zim has come to fruit. Just have to wait for that fruit to ripen now.
Manaila has the asset, just needed the copper price to rise, which it now has. So now it just a question of the best way to Monetize it, to make a profit.

[negan] 23/6/2023 11:41

Oh please don't say you are just hear to give advice to us grown ups on how to invest. The irony 😂

[robwalsh25] 23/6/2023 11:37

Diamonds are coming next week, could be sooner, 2p coming at least!!! Buy now or pay more… I’ve just bought another million…

[bionicdog] 23/6/2023 11:36

Hmmm, not sure there's any evidence of me holding in the past , but knock yourself out trying to find it. This is straight from the ramping for dummies playbook.

[negan] 23/6/2023 11:34

That's right because you are skint for being greedy, going all in and not keeping dry powder. I prefer to listen to a NOMAD approved RNS to a failed trader who has turned into a bitter fudster posting troll.

[negan] 23/6/2023 11:24

Look at the CGO RNS from yesterday. The new Zimbabwe president is visiting the coking coal producing mine to show their support for outside investments. They are pushing hard to bury the old Mugabe regime and will definitely not want any bad publicity if they Withhold the diamonds parcel belonging to us VAST shareholders. We could get an intra day RNS today saying we are in possession of the Bobby Dazzlers or possibly 7am Monday?

I have every faith that the new government of Zimbabwe are not going to jeopardise their march forward which can add £ BILLIONS to their economy. It is unheard of for insto's to buy shares in a company with an MCAP below £100 MILLION. £900k is no small punt. Follow the moneybags 💰

GLA, Negan 😉

[jas2022] 23/6/2023 11:14

I'll be the only to pmsl when the palcings lands next week . As I said I have 50k,.now 54k from last 2 days ready to pile into this for the bounce on placing day..... It's not like that pattern hasnt happened multiple times before..... But keep dreaming halfwits

[jas2022] 23/6/2023 11:13

Will I have to wait 6 months, like your unicorn stones even with a court order, or will it be in the next 6 days that you miraculously have 7 million pounds deposited into your account.

[negan] 23/6/2023 11:12

Could get a MEGA RNS by end of play or Monday morning stating we are in possession of the Bobby Dazzlers. The question is how much will they be worth. 10,20,30,40 or even £50 MILLION?

WOULD NOT WANT TO BE OUT OVER THE WEEKEND..

GLA, Negan 😉

[jas2022] 23/6/2023 11:09

Those big buys worked out well for you...m zero appetite abd looky looky another red week

[ny boy] 23/6/2023 11:06

No diamonds, just a Zim illusion to trap deluded spivs & gamblers

[bionicdog] 23/6/2023 10:58

You may get up next week to find that they have issued another 1,429,607,409 shares. I wouldn't want to be holding when that happens.

[negan] 23/6/2023 10:47

Really excited for when we receive the Bobby Dazzlers. The question is how much will the parcel fetch. 10,20,30,40 or £50 MILLION?

We may get a 7am Monday morning RNS stating we are in possession of the diamonds. Each day is a day closer then Boom to the moon 🚀

Would not want to be out over the weekend.

[bionicdog] 23/6/2023 10:01

They cannot withhold price sensitive information.

[teaboy100] 23/6/2023 09:56

I think that we are all in agreement, that if news of a successful diamond handover and sale has taken place, then this would finally be the positive news this company desperately needs. IF