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hoffy: I tend to agree - but I think it's already happening. He's been talking to these parties for a while and the disciplines are already growing IMO.
My thinking is, now that we have at least one big investor (possibly more) and we are going to start dealing with some much bigger players (hopefully) in the mining sector, in the near future, AP will become more and more accountable to these people and less and less able to make willy nilly comments about time lines and intended activities he would like to do.
This, to me, is a critical stage of VASTs life, can AP pull off deals that will be beneficial to us the share holders? I sincerely hope so. Now is VASTs time to shine, good luck to AP and the team working to make this happen.
I enjoy reading Sandy’s posts so it would be nice if we can stop this nonsense about filtering people if you don’t like what they say and this arbitrary good vs bad poster/forum virtue signalling.
piker: thanks for your suggestions but I follow Vast closely and I'm satisfied with my understanding of it. As for the fact that some people might not like my remarks this weekend, I really don't give an *rse. I am bored of reading stupid posts.
Sandy I can understand why so many people have you filtered because you are not only arrogant but extremely condescending. A lie is a lie, change has nothing to do with it.
As I said in my post, I’ve only relied on what’s written in RNSs, I’ve ignored podcasts because they have no validity. I did wrongly assume that an official conference call might be relied upon, but sadly not so. Go back & listen to the December call, not one single thing that AP promised on that call has happened. That’s not change, I’ll be charitable & just call it rank incompetence. So much of the change you reference arises from the bad decisions AP made last year, decisions that have taken shareholders to the brink of being wiped out. We only have a potential future because of a pants down fire sale of PP.
Things do have to change, & that needs to begin with AP actually delivering something other than dilution & destruction of shareholder value. Until verifiable evidence that BP & Marange are both producing profitability is provided, investors are going to be wary. Reading your later post about the impact of ‘changes’ I think you need to be more careful for the rest of the weekend because you clearly got too much sun today
V111: to my mind, that's a good list of three things that makes sense. But the off-take needs SSGI gone for Vast to get the best terms. Hence the delay about which you still sound rather sceptical. Fletcher's arrival is very positive but I disagree with your characterization of him in other posts as some sort of saviour from the terribleness of Andrew. Fact is, with our books in such a mess with SSGI, any quick off-take would not have been on the best possible basis. I don't think this is a complex point.
angus: others who have contacted Andrew from time to time have not necessarily arrived at the same conclusions as you. You almost make it sound like you thought you had - um - a little extra information. Would that not be rather improper?
piker: the Zim currency issue has been much misunderstood. It was Roy who claimed money could not be taken out. Partly, there were indeed technical issues under Mugabe. But also, he simply didn't want to cross-finance Romania from Zimbabwe. Later, to confirm that value could be repatriated by the Plc, Vast announced that it had done so as a limited test. But then what came into play was that - owing to Roy's deal with SSGI - there was no FCF to repatriate. Once diamonds then came into view, and became a real prospect, the idea was clearly born to cut SSGI out and develop FCF with a different project. This evolution - from RP to AP, from Mugabe to the current regime, from diamonds being nowhere to being real - has all resulted in change. Those posters who don't really "get" change cry foul and call it all "lies" etc. Again though, I don't think the concept that circumstances evolve should really be that tough.