Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Well then it would be consolidation time. What I'd like to know is why have we stopped talking to pre payment offtakers and now dealing with this Swiss bank, have they walked away from the table or are they a second choice still if the Swiss bank pull out?
Your answer didn't really answer my question, if Dodge is correct and we actually haven't paid back Mercuria a bean then that means the Vast BOD got Manaila very very wrong indeed and thus how can we trust this same team with these future opportunities, AP saying Marange will pay back the 10mil investment costs within a 2 to 3 months, really?? Alot of what you said relies on what AP has told us (Alladins Cave etc...) and therein lies the issue.
Given the missed timescales, miss information given about Manaila's profitabilities (this proof of concept stuff is just rubbish, they messed up big time), lies about about having plans b and C in place to stop bergen, failure to order and pay for the trucks for Manaila that money was raised for, time and money spent on fanaeta tailings which amounted to nothing and I'm sure theres others. What then is the reasoning for now believing what AP and the rest of the board tell us will actually happen?
As far as I am aware Mercuria are still the offtaker, only vast have defaulted. Whatever the reason Merc didn't caugh up T2 why doesn't AP just come out and tell the market? I'd still like to know why he is no longer mentioning any talks with pre payment offtakers? Have they walked away from the table? If the Swiss bank doesn't come off are the?pre payment offtakers still an option or are vast then stuffed????
I'd just like to say that for people like sandy to come on here and only post the good bits about Vast coukd be seen as just as disingenuous and misleading to new investors as the people who are negative. People have a right to know the full story and history of vast as does anyone else and see both sides of the coin. The great assets are just one small piece of the jigsaw. It's the managements false promises and lies that I have a big problem with here and until that is corrected or I see a change I shall continue to moan all I want.
So AP said he could sign with any number of offtakers back in Jan I think. But what he wanted was a pre payment off take, different. What happened there then? Did talks fail/break down? To me it looks like he's going for straight debt with this Swiss outfit and there will be no pre payment offtaker
That question is irelevent as this is a discussion board for positive and negative discussion, if it was all happy clappy and AP was given God like status and were 100% perfect it would be pretty mundane and boring on here wouldn't it? However seeing as vast has been a total disaster run people who say one thing and do another there sure is plenty to debate and discuss.