Vast Resources Share Discussion Threads

[gold finger 1] 29/2/2024 14:06

So let look at the forecast for BP alone. They say there is initial mine production life of approximately 3-4 years with an in-situ total mineral resource of 15,695 tonnes copper equivalent with a further 1.8M-3M tonnes exploration target. The Company is now working on confirming an enlarged exploration target of up to 5.8M tonnes.

So that range of 3/4 years is miles out. At 4 years of concentrate at the last production report, Q4 of an average of 2,248 tons a year that would give a LOM of of about 7 years not between 3/4 years, working on last quarters numbers.

So working on the 1.8m to 3m new target at 40 ton 1 ton concentrate. that would give at the 3m target. 75,000 ton of copper equivalent. So a LOM of 19 years.

Then the enlarged exploration target of up to 5.8M tonnes. that would be 145,000 ton
and A LOM of 37 years.

So at Q4 rates we have, 7 years, 19 years and 37 years. But we know that production is going to go a lot higher, than it was at Q4. So lets double it. that sill would give a LOM of 3.5 years, 9.5 years, and the max 18.5 years.

And that is just on the enlarged exploration target they have today. There looks to be going to be a lot more down there, than the 5.8M tonnes.

[hopeful25] 29/2/2024 14:05

Well! Mr Jones is still very positive on telegram, praising positive comments 🤩

[leewink1] 29/2/2024 13:41

A party for quite possibly mid term delisting ? Should be fun, rock on.

[gold finger 1] 29/2/2024 13:28

No news on calling in these two debts. As those agreements are said to end today. I see Resolution 1: 84.10% in favour Resolution 2: 86.15% in favour Resolution 3: 85.89% in favour. Not even close to not being passed.

[bionicdog] 29/2/2024 13:16

Poverty , oblivion? Doesn't sound like much of a party.

[1347] 29/2/2024 13:15

Placing -> Placing -> Placing -> Consolidation -> Placing -> Placing -> Placing

Now how are they going to cover the debt?

You'd have to be as thick as two short planks (or as daft as gf) to buy shares in this scam.

[hopeful25] 29/2/2024 12:59

Absolutely GF Good that it’s done, all to look forward to now!

[gold finger 1] 29/2/2024 12:56

OK, now we can get this party started.

[bionicdog] 29/2/2024 12:51

Hooray , let the carnage commence.

[boatman123] 29/2/2024 12:38

All resolutions passed .

[shortsqueezer] 29/2/2024 12:17

A very lacklustre effort though

[bionicdog] 29/2/2024 11:28

We had it at 07.19.

[skif] 29/2/2024 11:11

Where's Corporal Jones.

[teaboy100] 29/2/2024 10:30

But surely you have missed all the progress GF has been banging on about for months. AP has been doing deals left right and centre. Profits soon to be rolling in. BP already chucking out huge revenues etc etc etc.

[harps01] 29/2/2024 09:45

After diamond news, company was worth over £15m. Value based upon diamonds mined prior to AP involvement in the company. The company is currently valued at just over £3.5m a year even with multiple equity placements. What value has AP delivered to shareholders in the time he has been in charge.

Mines have been built in the time it is taking BP to get ramped up. We're not even there yet.

Other deals over past 5 years have failed to increase the share price beyond a week before falling back and then dropping. Most long term holders look for a return over a number of years. Those invested here two years plus ago may as well kiss their money good bye.

Theres so much potential here with the markets Vast is operating in but the company needs a competent CEO who can deliver on their Words. I expect majority of shareholders here have writen off their losses as small percentage of portfolios in view of risk. BoD can therefore fleece the next new lot of investors with their jam tomorrow projects. Who knows they may actually stumble across a project which actually provides a return.

[ny boy] 29/2/2024 09:36

Yorgi’s scam to zero 🤡🤦🏻‍♀;️🤡🤦🏻R05;♀️

[greenrichard] 29/2/2024 09:33

Wonder if his suit was at the dry cleaners? Or maybe he had to sell it on Vinted to pay down some debt.

Shares rallying to an all-time low prior the the GM.

[bionicdog] 29/2/2024 08:59

Every £1000 "invested" is now worth a whopping £2.40.

[shortsqueezer] 29/2/2024 08:52

Looks like he just got out of bed :-)

[skif] 29/2/2024 08:47

Turning up at a high level meeting looking like something the cat dragged in is hardly going to impress the Tajikis. For one, Spiv looks like a Romanian gypsy and secondly it is disrespectful to the Tajikis.

[bionicdog] 29/2/2024 08:17

Yes , but that doesn't spell VAG.