RE: Rick1231 Nov 2022 07:56
Let me tell you something Sandy, my dear old Romanian friend. I know you've been here years and its obviously quite depressing. But nothing goes up or down in a straight line forever. Will you get your money back? No, you've been diluted to oblivion. The harsh reality of the small cap UK market.
Now as for VAST, its priced at these ludicrous levels because as you quite clearly pointed out they still have a long way to go to get production levels high enough to be profitable... BUT... the market is forward looking and they are on the right track with record Sept production and higher again in October. With no stoppages or work in Q4 the figures for the final quarter are likely to be significantly higher than Q3.
If they continue on that trajectory then i expect the target of profitable by April 2023 is possible. Especially as more regular shipments, and therefore cashflow, are underway.
You then have Tajikistan "which is anticipated to provide an attractive income stream from the future sale of non-ferrous concentrates and other metals produced shortly"
Plus it sounds like a bonus could come from Zimbawe with their diamond mine... "All stakeholders continue to express their support and the Company anticipates that an agreement will be finalised in due course."
Plenty of curveballs and bonuses that could get things moving, i notice they mentioned a new transaction/asset which intrigued me.
Long term i remain dubious but at 0.22p the company know they need to start delivering and probabilties suggest we get a monster pump at somepoint fairly soon. I'd love you to be part of it Sandy as a resident local :)