Vast Resources Share Discussion Threads

[yorgi] 24/6/2020 12:34

I’m sure you do hopefully there will be something similar here when the announcement that production is underway is released.

[bill hickman] 24/6/2020 12:27

I don’t doubt all that Yorgi but I wish I had added to my COPL holding before buying back here again. Oh well can’t always get it right.

[yorgi] 24/6/2020 12:21

It’s been a long journey to get to this position from the beginning of this journey in 2015 but the production underway at Biata Plai should be the beginning of the turnaround for VAST.

[yorgi] 24/6/2020 12:19

What we also know is how huge Baita Plai is and a very valuable asset.

[yorgi] 24/6/2020 12:18

With each passing day we are getting closer to production getting underway and then shortly after the revenues flowing in.

[dodge_city] 24/6/2020 10:16

Very annoying to watch UKIG skyrocket and this slide back due to fundraising and a chat which raised more questions than answers.

[leewink1] 24/6/2020 10:12

Yup, watch the "leaves on the line" ....

[dodge_city] 24/6/2020 09:50

Doubts creeping in.

I thought some of the assay results were due this week, he needs to get them out to restore confidence.

The risk here is that there are teething problems during production start up. I would say those risks are quite high.

[leewink1] 24/6/2020 09:47

You've got now, months on end of this stagnating at this price, or you could fire some in, for someone else's pocket. Watch the share price drop chasing now, it'll go for months.

[leewink1] 24/6/2020 09:45

... He said it should be 4p 4 or so months ago too ... Then this rather "small" placing, interesting timing ... who's bought them ? No RNS purchases, hardly running at it, confidence has gone now as the instant the issue was announced active, they dumped it, what's that tell you ?

[ianio5691] 24/6/2020 09:07

Andrew 'Pinoccio' Prelea and True to his word is an oxymoron - surely?

[thepunterking] 23/6/2020 16:01

Yorgi, Andrew Prelea has said no consolidation until VAST in production and making money so there's no thinking needed.... he's been true to his word so far hasn't he?!

[yorgi] 23/6/2020 15:21

I would have thought it's a near certainty there will be a consolidation at some stage but I would have thought at this time priority is get Baitai Plai into production and ore being sold. I would be surprised if we saw it before that has both happened and money flowing into the company and a corresponding rise in the share price

[32sam] 23/6/2020 15:19

I think his 20% should be on a sliding scale if its not contriuting to the cost, maybe needs to be looked at closer with a magnifying glass. A lot hot air /i am just wondering should I have dumped last year!!!! Seems Zim which was an icing on the cake slipping away, feel like a child whose sweet has been taken.... GA

Sam

[rookie666] 23/6/2020 11:57

Well AP has admitted that he's open to a share consolidation and so I do expect further placings whilst the share price can support it. The one glimmer of light though was that he acknowledges that across aim miners, history suggests share consolidations result in a 20-25% loss in share price value. He has therefore indicated that a consolidation wouldn't happen until they are in production and revenue/profit making....Lets hope that re-rate comes first then!!!

[demonboy] 23/6/2020 09:44

We're in the same boat as UKOG looking at issued shares and M Cap very similar but different business. Jmo.

[demonboy] 23/6/2020 09:07

Once this ponzy placing is cleared, let's hope for the best.

[demonboy] 23/6/2020 08:57

They must be digging the ore as we speak and get it delivered by July/August.

[32sam] 23/6/2020 08:50

I am not convinced revenue at end of August as he was saying depends on the quantity agreed which wont be till mid-August? Will finance happen befor that as proof I guess is in whether ore has been delivered?.....imo dyor

Sam

[demonboy] 22/6/2020 19:15

Off take of supplies already placed, revenue generating company when in production.

[demonboy] 22/6/2020 18:05

Huge buys after 4pm, big news leaking soon.

[y1phr1] 22/6/2020 16:34

No consolation here until production and making cash.

[demonboy] 22/6/2020 16:23

https://youtu.be/7NbL83OzBAg

[demonboy] 22/6/2020 16:18

https://www.voxmarkets.co.uk/articles/vast-resources-brave-bison-alan-green-on-3-stocks-279d3b2/