Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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AP said in his last video or the one before that ,that the JORC would be Aug or Sept time.
sandy - good post.. recommended..
2p by xmas - I don't give a damn :) GL
I know how aim works... I know how corrupt CEOs works... Money and Moral. I know which one is more important to me. Enjoy your money and I wish you make loads.. :) GL
tradedesk: "offtakes, financing, jorc, assays, equipment arriving all in July".
Equipment and probably assays, yes. Production, yes, while we're at it.
But in the interest of keeping it real, we've already been told in a recent interview that first order is expected mid-August, so that's when the offtake kicks in. Delivery of product at end August will mean payment either then or early September.
Financing. Hmm. I suspect August or September but July would be a pleasant surprise. (Vast, of course, is well known for pleasant surprises on the finance front.) If refinance isn't sorted by end August or start September, we will have a second 10% slice of Atlas to settle, so that'll be a few hundred million shares. (My SP target currently assumes, as a precaution, 13b shares once we've settled into the BPPM ramp-up.) This whole area, btw, is now looking like a F-up by the BoD - but I still expect it to be salvaged and I can live with it.
JORC. Lab results need to come back and be churned, and the report finalized. July strikes me as optimistic for final publication but maybe. I suspect August, in the hope of nailing refinance before the second Atlas slice comes up. (I think the JORC will be excellent but on the timing I'm less confident.)
IMO, lots of upside in Q3 from BPPM alone, valuing Zimbabwe at zero as a precaution. Some key upside (not all) in July - above all, production.
On which note, after 4 consecutive RNSs on the subject of busking, I'd like the next RNS to be something worthwhile about our progress on getting started.
Fantasy, I try to explain to you how an AIM company works, I do my best - the rest is up to you, if you cannot discuss VAST rationally without petty insults then that is your loss, better buy back my son - I would hate you to miss out yet again!
Thats just the beginning of course, suspect it could rerate 60-80m fairly quick with the debt funding in place, its pretty much derisked then. Climbs higher as production is ramped up, over 100m, so no reason 1.5-2p isn't seen. Bring in the diamonds over 2.5p in time. All possible, its down to execution.
Well thats handy because production begins in a few weeks and theres offtakes, financing, jorc, assays, equipment arriving all in July. Going places ;)
or maybe Atlas preferred to have the shares
the co is going nowhere until we start generating cash.......end of
2p by xmas wrote "......it is cheaper to do this than pay with cash from a placing - placings are expensive as you have costs involved....."
I think we will give this to AP...
1) As an expert CEO in placement, who knows better than AP to save few pennies to deliver shareholders value... :)
2) No one can argue AP's expertise in placements, he has raised £13.21m during his tenure as CEO in VAST, adding 6.5b shares in a record time 2.5 years.
3) Saved few pennies by issuing shares rather than using cash, where did the millions go (£13.21m)?
Traders having fun - enjoy traders... Apologies to long term investors, but GL :)
Whether it is 60M or 100M market cap, reality share has lost 2.5 value due to dilution, so on a 100M market cap at 5Bn shares it was 2p return now at 12Bn shares it is 0.83p, so lets say this is giving shareholder value, f..k me if you sold company we would have walked away with 2p a share. I annot see shareholder value? All this raises after the 1st tranche, what are we paying for , bod seriously eeds to take a paycut and get rid of useless expenses such as St Brides what do they do for PR?
Here comes 2p by Xmas to defend - nonsense.. :))
Agree Castaway. BP should put another 60 to 100m on the mkt cap, long time in the making.
If those people criticising the company paying interest in shares had a clue about it you would realise it is cheaper to do this than pay with cash from a placing - placings are expensive as you have costs involved, issuing shs is less so, especially as the s/p is now higher then the placing price!
Beg your pardon yes and its already printed. The conversion that is. Forward sold.
Look at my post from 15.53.... :)
2x 70m & 1x 82m trades after hours
It's $29k so around £24k
Its £29k, get over it. Circa £400k traded today.
Hahahaha, what a bunch of pricks. After raising over £3m since April the 16th, the BoD still don't have £30k to pay off the interest on the loan. This BoD are seriously taking the **** now. How incompetent can you get?! Yes, before the usual defendants of AP get on their high horses and say that its only £30k, I know, it's the principal of it all. After raising well over £3m in just over 2 months, they still elect to pay off this tiny interest payment by making the shareholders suffer just that tiny bit more. It's things like this which have ruined the credibility of Vast. Pathetic management. Just how much headroom do this bunch of clowns have?
VVV comments that didn't age well
wouldn't mind any news apart from placements.. :) GL
Most metal price forecasts I have seen are bullish...(copper supply / ore quality is forecast to diminish). There will be a lot of positive appetite for our assay results/production start et al, so I'm looking to remain positive as a long term holder here. All things considered, these should be exciting times; but as always I respect the views, past experiences, and outlook of others.
https://capital.com/copper-price-forecast-2020
https://cambridgehouse.com/news/8707/how-evs-will-forever-change-the-copper-landscape
but there remains a lot of uncertainty re CV19.
The trouble is,As far as i can see is the Zimbabweans don`t trust "THEMSELVES" and we are caught in the middle.
Lucky we've got an enormous polymetalic mine in Romania full of copper, gold etc etc then :)
Zim currency and economy in great trouble again. All investments here are at risk.