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I think we can all agree that with a suitable update alot of questions would be answered, fears affirmed or squashed and alot of people that are either on the sidelines thinking of buying in or people that previously sold and are wondering if they want another entry point would have the direction they need.
Sonic
1) “The emergence of Coronavirus plus the initial delay in financing knocking onto shipment delays is going to cause VAST some big issues IMO”
What do you mean by big issues? Sure there is potentially a 2-3 month cash flow pinch. Worst case scenario IMO is a small placing. Hardly a big issue. Or do you mean dilution which we already know about given the structure of the financing facility? The BP JORC is key to unlocking further long term senior debt which will refinance T1. That and the diamonds which according to ZCDC are progressing and due to complete shortly.
2) “You are way off the mark with my intentions as if I am correct there wont be much worth buying back into here.”
I’m a bit confused by this one... What are you intentions? Why are you focused on Vast if you think there won’t be much worth buying back into? Doesn’t really add up.
We have been here before with Sonic, he no doubt will be ramping again when it suits him.
Matt is just a bad trader, anyone who writes on these forums/twitter etc trying to scare people to sell for their benefit have no moral compass. Is this the only way you can make a profit on your "trading" and I say trading very loosely! lol, no different to tw at the end of the day and just as obvious.
Hopefully nobody is stupid enough to listen to him.
Thought you sold out yesterday morning Sonic? Obviously have an agenda if you still here.
boom boy we know your game you are so transparent... its obvious that you are talking the share down for a cheaper entry
miz,
They edged it out to H1 on the quiet. IMO, they will have to admit they wont reach full production by end of June due to the shipping delays and that directly impacts on repayments to Atlas and the amount of the dilution coming our way - assuming no diamonds, of course.
Sonic, the company gave H1 as timeline for production. So at this point we don't know if that has been impacted? What we do know is that VAST has been expediting the JORC with what seems to be high grades.
That can only be good news, as we will get conventional debt loan financing to repay T1. So I still see a very good upside and that's before any Diamond news. I'm staying put and buying as much as I can at these low prices.
Obviously your fully aware of the impending SP rise and seen those big buys come in so your de ramping with a view getting in on the cheap.
ORT,
The emergence of Coronavirus plus the initial delay in financing knocking onto shipment delays is going to cause VAST some big issues IMO. You are way off the mark with my intentions as if I am correct there wont be much worth buying back into here.
Of course, I await official RNS from the company whoever, as previously stated and in my experience...by the time the company convey the situation to share holders the SP is on it's arris.
Just my opinion though.
Death, be careful you don't cut your nose to spite your face.
“what are you going to do about it?”
Errrr, I thought that was pretty obvious... exactly what I’m doing right now by questioning your comments and the rationale behind your posts?
The risks you’ve stated aren’t exactly new ones with exception to the emerging Coronavirus situation. As I’ve said many times on here I think it’s healthy to debate the downside and the upside.
I also thinks it’s healthy to call out bull**** and a strategy to seed doubt into investors minds. Fantasy does the opposite for example and questions a lot of ramping on here.
I’m terms of what’s brought the share price down from the post financing deal peak of 0.42p to these levels it’s hardly “the Company’s actions” is it. Inaction would have been a stronger argument regarding lack of announcements. I actually think the Company has been smart and not played into traders hands who sold the last big news, and are now waiting for the next bottom to buy-in again.
just pulling you legs, don't send the boys around..!
0.17p....amateur! more like 0.050pennies.
...and by that I mean when I posted inline with your opinion it was ok, now I post with a different view point to you, you want me to give it a rest.
Remember it's not a share holder selling out 25m shares that's dragging the SP down its the actions of the company.
ORT,
I will post as I see fit , at the end of the day what are you going to do about it?
Sonic - give it a rest. The only reason for your doom and gloom outlook being posted every hour is to get the sp to 0.17p, or lower to load up. That’s the only driver.
I have no problem with people wanting to buy in lower that but stop pretending you have current shareholders interest at heart whilst spouting every single downside scenario possible.
ArmchairCEO,
That's a very good post indeed. AP's credibility, IMO is literally hanging by a thread. We've heard some real BS excuses and commentary around why the Diamond MoA didn't happen and true to form these excuses eventually catch up with you and make the original 'missed it by a day' look amatuerish.
How many times did we hear no more placings, only to be diluted again, so investors here will have to forgive my skepticism re another placing coming here soon.
Full production at BP has been kicked further and further down the road, which at one time, just caused dilution via placings. Now with the clock ticking on the Atlas loan the prospect of HUGE dilution approaches due to no diamond revenue and smaller than expected output at BP.
Of course, in true VAST tradition shareholders will only get told after the SP is on the floor and then you get the double whammy and kick in the nuts of further dilution.
Anyway, I say DYOR and work out whether you think the equipment coming from China to BP was/is delayed. No doubt some will say as we haven't heard anything to the contrary, all must be in track. Given the history here...I think all investors must take that decision into their own hands and not leave it to a BOD who place, place place and are unwilling to give enough guidance to their supposedly valued investors.
Exactly, even AIM companies with a trust worthy CEO struggle to maintain their true value SP in times of no news. How is VAST going to manage it with a lying CEO, no fully established income streams and a monthly wage bill that could send a couple of people to the moon each month.
Like you said Mark"Nothing bad has come out in regards to the company"
The trouble is nothing at all has come out in over a month.
As you can not count anthing,But an Rns.
Thats my take anyway
Mark, I think it's mainly down to impatience.
Can anyone provide a reason why the SP dropped to this level? Is it just the Coronavirus news? I am unable to figure out why it is. Nothing bad has come out in regards to the company. Yes Zim has not been signed yet but it hadn't been signed either when it hit over .40?