Vast Resources Share Discussion Threads

[footloose2] 15/1/2019 07:59

I for one will not be reading or replying to any posts today as i know what most will be saying.And i never care nor worried.
So whats the point.

[footloose2] 15/1/2019 07:48

electrick

It is clear how the bergen loan works, but i am not going to argue about it.
As for the risks and chance of bad news. Well this is a AIM share so we all know the risks.

I see we have just had a RNS.
Well i knew along with everyone else that this news would be coming.
Would you call it bad news, well i would not as i knew it was coming.
Will other people call it bad news, well yes. None holders and people that do not read RNS, and people that think you can bring a companies assets to production and profit with fresh air.

I have always said AIM is a cesspit for the simple reason they do not value companies correct. Some are way overvalued, some under valued and most valued about right.

You can not tell me that VAST is valued today correct.
So when you do end up going to the market to finance the assets you are forced to dilute at a discount for a start.
But i know this happens along with most others that invest on AIM.

[aidenabettin] 15/1/2019 07:18

I know its of little comfort but many AIM resource stocks will be in the same boat this year..Good luck

[aidenabettin] 15/1/2019 07:16

Is the end now in sight?

[electrick] 14/1/2019 17:23

Let’s face it.... the terms say they cannot short....
If Someone believed they are going to get hold of 420mm shares the I personally believe they would have started to dispose of a few....
If they don’t then get hold of them then there could be a hell of a squeeze!

But this couldn’t happen because the terms say no shorting.....
Far too risky isn’t it....?

[electrick] 14/1/2019 17:17

Footloose... I hold so please do not take this as anything other than simple debate...

You mention in a couple of your posts that the company can repurchase converted shares at the price Bergen converted the at upto 3 months in....

I believe you are wrong with your assumption.

The company advised “Company may elect to repay each tranche in full within 90 days of execution date, subject to prior conversion rights which arise after an initial period of 30 days from the date of each advance.”

SUBJECT TO PRIOR CONVERSION RIGHTS.....

So I believe this clearly explains if Bergen convert their shares at day 30 the option to repay has gone.....

Now you may ask well why put it in there then? Well if Bergen do not convert they have a potential repayment by VAST of their facility and will have trousered their fee and sold off their 68mm shares)

Let me put a scenario to you
Bergen convert at 0.0030 and get hold of
420,000,000 shares....
Pretty ugly dilution but not crazy.

VAST have received £1.25mm
Horribly expensive way to raise some cash for that level of dilution...
I will assume that news for my example is priced in ( don’t think so... but bear with!)

Now let’s say AP updates with Blueberry, shows the cash used has moved BP forward and gets news confirmed that VAST are 1 of the 4...

Happy days... start to see a recovery and the share price rockets all the way to £.0060!

Bergen decide to sell their shares.... after all they have made 100% profit...

Selling them surpresses the share price say to £0.0050 (just for instance)
Next day Mercuria confirms T2 and the share price rises to £0.01p

Are you saying that VAST have the option to repay the money to Bergen and they would have to return the 420mm shares??? Where would they get them from?

I am sorry but once the shares are converted the option to repay has gone....

[footloose2] 14/1/2019 15:37

Looks like the MM's are happy to take the shares off people and not drop the price.
Traders not being let back in lower. Or silly PI's that could get burnt.

[footloose2] 14/1/2019 15:28

Look at me the ramper thinking the share i have bought is going to rocket.
Can-t wait till i have made 80,000 like the liar astjgroom so i can slag the company of
for being so useless. lol.
Anyway astjgroom, filter for you. Can't be bothered with reading liars posts.

[aidenabettin] 14/1/2019 13:29

https://kepler.finance/digital-securities-market-research/

[footloose2] 14/1/2019 12:26

I believe i will see a super charged share price here by year end.

[aidenabettin] 14/1/2019 09:02

Its the easiest way to be honest and many are burying their heads in the sand unable to offer any counter argument and many who have been tasked to push the final " pump".Good luck

[footloose2] 14/1/2019 08:53

Looks like its going to be a busy week filtering on LSE.

[aidenabettin] 14/1/2019 07:12

https://www.proactiveinvestors.co.uk/companies/news/209316/bellzone-mining-warns-it-could-go-bust-if-it-cant-find-more-money-soon-209316.html.BZM just delisted.ABM next????.No resource stock is safe this year especially if your already into death spiral funding

[footloose2] 13/1/2019 09:31

Why are people so worried about bergen not being paid of this coming week?
Look at it like this. You have taken out a loan, you have paid a fee for it up front.
So you dont have to pay it back for 3 months. Like a interest free loan for 3 months Would you pay it off after one, two, or the three months. I had such a loan on a tv many years ago, i paid it all off a week before its accrued interest was added so was interest free. So it makes sense if AP holds out until the last week of the 3 months limit. If he does not use the full term of the agreement it would be a very expensive loan for a month.

On the other hand he gets T2 pays of the $1.5m and does not take the other $1.5m.
GREAT i hear some of you shout.
But wait, we need more money than just the $5.5m T2, we already know this. so then we would have to go to the market in say a months time then.So instead of using this bridging loan to its max another three months if tranche two is taken we would be going to the market in a month for more money. It all comes to the same point in the end, but it gives AP two more months before he has to pay T1 and three months to pay back T2.
I may not have explained it as good as some, But the thing to bear in mind is that its not the end of the world
when this loan is not paid off this week. The main thing is getting the $5.5m T2 in our bank. The sooner the better i agree, but if it two months it matters little. We have funding now of $3m to get on with bringing BP on line within the 6 months, that will then start making money.

Before that we have new trucks that have been paid for up front that should then make Manila break even or a small profit, till the new plant is built and brought on line.
I won't even mention Eureka or the diamonds and the other assets we have.
Yes the naysays will have there say, but they will one way or another anyway.
Best filter them and let them just get on with it, between themselves.

[aidenabettin] 12/1/2019 12:32

I filter nobody.I can see whats happening across the resource sector and those given the job to push a last pump dont like it. The big players are already on the move. Junior explorers and miners will be wiped out as the assets head to blockchain with the assets tokenised and that will not happen on AIM..https://en.bitnovosti.com/2018/10/18/norilsk-nickel-prepares-a-number-of-crypto-projects-and-insists-on-revising-cryptocurrency-regulation/

[footloose2] 12/1/2019 11:49

I have to say i used to think you should not filler anyone.
But i have changed my mind over the last few weeks.
If people have a constructive negative point i am always ready to read it.
But if i can see that its just the same hate that is being repeated over and over again it's just best to ignore them and filter.
I have to say i have seen on here that people have filtered me. But i think they must be none holders that don't like positive views.

[aidenabettin] 12/1/2019 11:34

You gave your best asset away for nothing and now your hope is placed in the hands of bergen.The end is nigh !!!!!

[footloose2] 12/1/2019 09:34

I have a feeling some investors are going to get caught out this week.
They are worrying about this bergen loan being converted on the 21st of this month.
Well one, they can take the shares on that date,they can try and push the share price down as low as they can to get them at that price, but it does not mean they will ever get the chance to sell them at that price. Vast have two months to buy them back at that same price. Now even if for some reason T2 does not come this week,we still have two months
more to get it. Or we have two months to do a conventional placing to buy them back.
I am sure some may sell this week thinking the share price will get hit,and buy back if it does drop. But is the risk worth it? for me no.for some yes.
For one thing this week you could get a RNS saying T2 is sorted, what do you think that news alone would do for the share price
But as with all investments its a risk,one way or another.
Me, well i am long so they can play with the share price this week if that what happens.
Because i know AP will not want bergen to get the chance to sell these shares. So if that is not confirmed this week or next it will be before that 2 months runs out.
AIMO

[aidenabettin] 11/1/2019 14:12

Spreadbetting company employees have had all leave cancelled as a mass exit from AIM resource stocks is underway and they have been given the job of getting it done

[easwarareddy] 11/1/2019 14:00

What an idiot

[aidenabettin] 11/1/2019 13:36

You certainly drew the short straw and got VAST to pump pre EXIT.You are fighting a losing battle with the odds massively stacked against you.Good luck anyway and lets see if you go down with the ship

[footloose2] 11/1/2019 11:28

Games being played again.
Buys showing as sells, sells showing as buys.
just offered to take all mine for .319p

[aidenabettin] 11/1/2019 08:06

They wont convert. They never convert. They supply funds for desperados and always sell with a profit