VAST Podcast Thread from Twitter10 Sep 2020 15:38
#VAST - Production restarting in the next few weeks and expecting good news
Had to raise money to fix the bridge / 2 months costs
AP and PF couldn't buy in the Placing as Term Sheet defined as 'Inside Information' so have since bought in the Open Market after Placing announced
#VAST - Tier 1 institution only provides information after DD is completed (ongoing since March)
Hopefully will provide long term finance facility that may reduce need for dilution
Huge milestone for VAST to get an institution onboard
#VAST - AP thinks Finance Facility Milestone has been over-looked today
Potential $16m FCF for the Company in Year 2
Spent £10m including acquisition, will have paid itself within first 12 months
BP extremely valuable asset for the Company