Vast Resources Share Discussion Threads

[edgein] 30/8/2017 09:20

Bernie,

Well you're reading of the RNS is different to mine. I read that the company is pleased to be selected by the Romanian authorities to be granted the right to mine BP. They now expect the final stages of implementation in short order and to have commenced operations therefore before year end. That adds in addition to the ever growing production at Manaila which is growing Q on Q now until it reaches peak production in the next Q or two. Its not all about BP. The company is doing very well from all its Romanian assets, BP will just multiply that once its up and running again. Personally I'm now expecting the full granting of the BP licence, now that the company has been selected, in short order. Previous interviews/presentations suggested how well the company has been working with the authorities and how quickly they've been able to develop and drill Manaila/Carlibaba etc as a result.

Regards,
Ed.

[bernieboy] 30/8/2017 09:12

Maybe I am just being a bit cautious. My initial feeling was of disappointment as there are still several hurdles in the way and of course with regulatory and ministerial approvals still remaining who knows how long it could still take. I see the word 'intention' many times in RNSs but what does that mean. I am not deramping and still hold so let's hope that we are indeed mining at BP by the end of 2017.....

[yorgi] 30/8/2017 08:56

It is a significant step in the proces Bernie so it would have had to have been RNS.

[bernieboy] 30/8/2017 08:48

Well i do understand but it is frustrating after so many years of waiting. It almost felt to me it was a keep the price up RNS. But i really hope i am wrong. Yes it's a big step in the right direction but no it's not the license on the wall.

[yorgi] 30/8/2017 08:43

As we own the mine nobody else can be in the running either.

[yorgi] 30/8/2017 08:42

Precisely Edgein.

[edgein] 30/8/2017 08:41

Bernie,

How close do you want to get:

"These steps are intended to be implemented in the shortest possible time to allow the Company to commence operations at Baita Plai before the end of 2017."

Paperwork and ministerial approval is the last stage, they've been accepted now as the company of choice of having the right to mine. Shows good terms with the Romanian authorities. Imo this last stage is a formality.

Regards,
Ed.

[yorgi] 30/8/2017 08:41

Whether or not I'm correct in my thinking remains to be seen but it may not be pinned up on the office wall yet but it is as good as now in my mind.

[yorgi] 30/8/2017 08:39

It is now in the issue process which we were not in before that is quite clear in my mind.

[ihavenoclue] 30/8/2017 08:36

Bernie .. I agree ... we have moved along the process but as yet do not have the licence. It derisks the asset a little more so there should be a rise in price and as others now have a timescale for receiving the licence more will buy in on a 3 - 4 month basis IMHO

[nicosevos] 30/8/2017 08:36

At least it's a step in the right direction...

[yorgi] 30/8/2017 08:33

That puts us in totally different position to where we have been for so long or that is my reading of it.

[yorgi] 30/8/2017 08:30

Bernie you are correct as I understand it we have not got the licence yet but it is now in process of being issued is my understanding.

[bernieboy] 30/8/2017 08:26

Maybe I am missing something here. But we haven't actually got the license yet have we? It is an RNS which says that our subsidiary has been selected to receive it after all ministerial and regulatory clearances? Like ihavenoclue said it is just a date for it to be completed by?

[edgein] 30/8/2017 08:17

Very interesting news, at last they have the BP licence and it should be commencing operations before year end to add to the growing production the company already has. It does explain the competing funding offers that have come in at 0.4p as they clearly see substantial upside from this. Great time to get the mining licence and production and grades up considering the price of copper and zinc. Stunningly small cap to go with it at the moment too.

Regards,
Ed.

[ianio5691] 30/8/2017 08:01

Going ballistic....!

[ianio5691] 30/8/2017 07:57

Licence, Funding, increases in both quality and quantity of product...

whats not to like here!

I presume we'll end up red...LOL!

[ihavenoclue] 30/8/2017 07:54

So BP licence before end of 2017. Only real news is that it now has a target end date IMHO

[yorgi] 30/8/2017 07:52

Hopefully a bit more than that Blueball......but we will have to see how the market rates it.

[blueball] 30/8/2017 07:50

At least a 10% rise today.

[yorgi] 30/8/2017 07:49

If anyone is any doubt how big Baita Plai is then do the research the mine is massive so this is great news and long overdue as well.

[ianio5691] 30/8/2017 07:48

Wow.... At last. Great news. What now for share price... Nothing to hold it back now!

[yorgi] 30/8/2017 07:43

MM's not sure yet how much to mark us up !