Vast Resources Share Discussion Threads

[lawson27] 04/3/2024 13:24

why the interest, something leaked?

[bionicdog] 04/3/2024 13:21

They were all correct I am told. Simon gets annoyed if you question him. Don't upset him , he's only just come back from two weeks in hiding.

[babbler] 04/3/2024 13:20

And 97 of those times were wrong? :p

[bionicdog] 04/3/2024 13:16

Simon
That's now the 98th time that you've been told about the diamonds. This is certainly not a telegram ramp , everyone should buy more. They definitely won't get spiked this time.

[bionictroller] 04/3/2024 13:09

2p is only a market cap of £20 million

[g2theary] 04/3/2024 13:09

If the diamonds drop this is going to 6p ... not holding my breath for the diamonds ... I want them to drop after some good restructuring and JORC news ;)

[babbler] 04/3/2024 13:08

You are being told insider information? Impressive. Either that or you are lying but...nah.

[bionictroller] 04/3/2024 13:03

diamonds this week I am told

then its 2p minimum

[g2theary] 04/3/2024 12:59

Mostly no always ;)

[bionicdog] 04/3/2024 12:53

Well done Gary , you always win.

[g2theary] 04/3/2024 12:48

Nice to have added at all time lows last couple of days ;)

[petersmith6] 04/3/2024 12:43

Wel that's never going to happen

[bionicdog] 04/3/2024 12:41

I can't wait for ADVFN to sort the chart out so the idiots can see what's really happened.

[kemche] 04/3/2024 12:41

BLUE as predicted!

[petersmith6] 04/3/2024 12:40

Why do you think that?

[apache_dropout] 04/3/2024 12:30

But there is no platinum.

[gold finger 1] 04/3/2024 12:25

If there was the slightest chance that the debt was going to be called in. it would have happened late thursday or friday at the latest. There is not a chance in hell that Mercuria will be calling its debt in. The only chance is if Vast want to pay off that debt, to get better terms, IMO. We just await now confirmation that the first sale of platinum has gone through to the Swiss investors. And to see if they do supply Vast with a firm interest in providing major restructuring finance to the Company, partly through debt and partly through equity to be issued at a higher price than the current share price.


· Subject to the completion of the first sale under the Platinum Group Metals Agreement the owner of the Swiss investment Company owning the high grade PGM concentrate has indicated a firm interest in providing major restructuring finance to the Company, partly through debt and partly through equity to be issued at a higher price than the current share price.

Good progress is being made on independent assays of the platinum concentrate for the benefit of the buyer pursuant to the Platinum Group Metals Agreement announced on 22 January 2024 with a Swiss investment company, which if the results are confirmed as expected, could result in a first sale by the end of the month thus immediately generating revenue from the arrangement.

So it does sound like talks have been on going. So with a $100+m agreement for a year. That would be worth at 2.5% $2.5m. So at even a 20% interest rate for the year, that would be at a cost of around $1.7m for the whole $8.5m debt. So the money alone from this one deal would more than cover the repayments of 12 months interest. But as we know. until we have anything confirmed, we cant rely on it.

[bionicdog] 04/3/2024 11:59

Nobody has stumped up any money.

[petersmith6] 04/3/2024 11:40

My thoughts are this..Nobody would have stumped any finance if vast were dead in the water.Polo want to make money so its in there interest for the share price to go up.. ( any polo shares that come to market will be worth more.

[bionicdog] 04/3/2024 11:21

You're rarely wrong Peter.

[terminator101] 04/3/2024 09:30

This post from the resident delusional ramper wont age well.

[gold finger 1] 04/3/2024 09:26

So it looks like a new extension to the debt, Diamonds on there way, or Swiss investment company coming up with finance.
Not sure even the maddest troll could come up with any other reason.