The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
One the main reasons I dumped all my stock ( baring a few quid for my night out , but now valued as a bag of crisps ) was my concern surrounding prelea`s c. 20% ownership of the asset .
At that time it seemed that whatever happened to the Company he was effectively in a no lose situation .
Even then the Company was being managed so overtly badly that I felt there might be a plan afoot to develop the business at shareholders expense while at the same time destroying market cap and thereby facilitating some privatisation strategy . On the face of it the possibility of privatisation has diminished with prelea having to convert his share to stock , but , I`m not so sure the possibility of privatisation has entirely disappeared . Despite the hindrance of AIM and market rules , ( which never seem to prove very much of a hindrance ) prelea certainly had some wealthy contacts in the past , some of whom were invested in this business . Should there be a plan to address the Atlas and even the Mercuria debt , could there be a possibility of taking the remaining distressed asset out for a pittance ? There are certainly many mysteries surrounding VAST , there have only been two consistencies , prelea and a collapsing valuation . Then , on the question of valuation ; what is the realistic , true valuation of BP and of course , is there really any value at all in Zimbabwe ?
I believe that shareholders will only get the truth and save their investment if there is an immediate change to all senior management .
My opinion , is that this Company has been managed as some personal fiefdom and those beneficiaries will find it hard to let go , absolutely nothing would surprise me as this moves into the next fearful, farcical phase .
The key message is do your own research and make your investment decisions based on that. It's no good taking the advice of chat room posts and basing your investment decisions on the opinions of others. Love and peace etc. Mafuta
Talking from my own point of view. All I care about is can they deliver with a producing mine get past breakeven and into profit
Apologies android missing letters/words.
A lot talk on here about trust in the BOD some of us have been in here long enough to have changed our mind from trust to not trust, even as recent events portray the company starts production and even releases an RNS to state everything is going as per expectation and then comes out a couple of weeks to say we need better mining equipment hence lower production. Very questionable it suddenly transpires there is a problem i.e. the BOD cannot manage operations or see what the issues are, so if November/December resulted in a drop did they not alert the market there was an issue with production. This seems to remind me of Manaila where production dropped, started to strip for more ore and then ooops we need new trucks,. By the way where are this f....ing trucks at least production would have carried on instead VAST are paying for dewatering costs using money that is precious, that was a wise move to cut of your only source of income and company was shouting what good revenue we can get from the tailings etc. BP licence fiasco is another where the company was not forthright with mess up always blaming something else but not themselves maybe need to look at themselves and hence we were not untrusting in the first instance.
Take care whether you invest or not it is in your judgement whether to trust or not, not investing advice. Sorry had to get this off my chest reading all this.
A lot talk on here about trust in the BOD some of us have been in here long enough to have changed our mind from trust to not trust, even as recent events portray the company starts production and even release an RNS to state everything is going as per expetation and then come out a couple of weeks to say we need better mining equipment hece lower production. Vert questionable it suddenly transpires there is a problem i.e. the BOD cannot manage operations or see what the issues are, so if November/December resulted in a drop did they not alert the market there was an issue with production. This seems to reming of Manaila where production dropped, started to strip for more ore and then ooops we need new trucks,. By the where are this f....ing trucks at least production would have carried on instea are paying for dewatering costs money that is precious, wise move to cut of your only source of income and company was shouting what good revenue we can get from the tailings. BP licence fiasco is another where the company was forthright with mess up always blaming something else but not themselves maybe need to look at themselves and hence we were not untrusting in the first instance.
Take care whether you invest or not it is in your judgement whether to trust or not, not investing advice. Sorry had to get this off my chest reading all this.
Eric did you say buy or pay for? Hahaha
The time to buy is when there’s blood in the streets. Famous trading quote! Now more than ever I hope this is true.