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Fantasy don't start me on the dewatering costs - how much is that still costing, where are the promised tonka toys...... should we abandon than incur such costs at manaila?
“Got a £100M mine on the cheap ..”. - add all the dewatering costs, delays, placings, value destruction... BP will no longer be as cheap as before.. PI are paying for it... GL
To be fair, now wouldn’t be a bad time to get in as things are heading in the right direction. The mcap is still very low after all.
It’s any long term holders with high averages that may be here for a longer haul than that originally expected. Hopefully, there won’t be anymore raises later down the line.
Starvest, good observation and the benefit of re reading RNS, as smoke and mirrors abound..
Answer, don't know, so am just spiralling
Could be as straightforward as integrity of tailings dam, what happens to waste water from the mill/flotation tanks (I.e. is it safe to go into standard waste or does it need cleaning up first), background radiation re safety of workers ( i believe that part of the Apuseni has previously had uranium mines, so maybe workers need improved PPE or just monitoring, or with modern drives towards improved ESG maybe the bank wants some sort of energy consumption analysis
Bought a few more this morning. Wheels are in motion to start generating cash.
I remain hopeful of making at least some profit on my 0.2 average in here.. Fingers crossed!
Got a £100M mine on the cheap .. If something looks too good to be true, it probably is.. (or probably was should I say), Does AP mining get to buy it back on the cheap if VAST go down the pan?
The guy is a charlatan, he changes the words used in an RNS to justify his inability to plan beyond the end of his nose.
First we have production by ...., but he meant Underground production, Then we have "Expected to be delivered in October", now we have "First Port Delivery.."
Yes, we can expect another placing before the end of the year, how else will AP buy his crimbo presents.
yrabsmurruc its not working out cheap add all the improvements and raises.
However, in response to Pecten11, I have now had a better read of the RNS having calmed down, but find really a second worrying mention of enviromental impact.. if this is going to be negative than more placing to bring it up to spec or is this something that will cause local issues?
So did I starvest, I checked my portfolio on tuesday and was actually in profit on VAST, should have dumped then........ but never did as I thought this particular leopard had changed its spots............ I suppose I deserve this..... I have written to AP and expressed my frustration that in 2 years he has nearly tripled the shares in circ and we have yet to see the fruits of this share destruction....... I suspect he will stick to his guns that he got a £100M mine on the cheap and we are just winging over a few billion shares here and there............. but at this rate, will we ever see a profit...............B
Another placing for the road.....you got to laugh otherwise you cry.....is the last one???....yes I will say.....for this year....
Still holding my punt here and I am sure to get at least my money back but as soon that time comes I am out of this for good....maybe 2021 will be more rewarding...did I say maybe????....
I think I did....
GLA.
Another placing for the road.....you got to laugh otherwise you cry.....is the last one???....yes I will say.....for this year....
Still holding my punt here and I am sure to get at least my money back but as soon that time comes I am out of this for good....maybe 2021 will be more rewarding...did I say maybe????....
I think I did....
GLA.
Re the JORC - couldn't agree more
No matter how competent Craig may or may not be, the fact that he is the one compiling the JORC rather than a competent independent with a reputation is the most worrying part of the RNS
If it turns out we fall foul of the due diligence by Swiss Toni based on the JORC, AP will have no place to hide - and we all know his address in Romania!
If we do get the finance, maybe its genius cos it will save cash but I had asked previously who was compiling it - remember at one point SRK where meant to have been involved - what happened there?
Another placing for the road.....you got to laugh otherwise you cry.....is the last one???....yes I will say.....for this year....
Still holding my punt here and I am sure to get at least my money back but as soon that time comes I am out of this for good....maybe 2021 will be more rewarding...did I say maybe????....
I think I did....
GLA.
yrabsmurruc I have always felt media casts lead to raises but this I really thought it was different; should listened to my instincts...... nearly sold up last week1
Pecten11, I can see the logic as they don't want Atlas to convert at......
Anyway I thought jorc was independent valuation?
an AP Podcast special today do we think.................. Love the fact he tried to bury bad news with confirmation on a JORC that was already confirmed for October.......B
Sorry, meant admission date
Starvest, imo, the JORC wont arrive until after the first settlement date
Don't think jorc will arrive this week usual jam as jorc remains expected by end of this week.. if that is the case VAST will have a good idea what it contains and be able raise at premium. Either jorc is suspect or it is not coming this week hence the raise. Where is the money flowing to ..... answers needed
Well, what a joke this morning has been, but a brilliant valuable lesson than clearly AP has learned better than the rest of us - as soon as the sp raises 10/20%, cash out! Brilliant work from the BoD, raising a massive amount of over one billion shares and saying the JORC is due this week, at least he out smarted the traders and cashed in his gains before they could.