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You are prob right BUT just how many more **** ups by AP n crew are u n others gonna allow before even you say enough is enough as I fail to see how am 80% drop in sp, over 9bn shares now in issue and going backwards from a producer to explorer inspires confidence going forwards OR are you and other large holders been trading the hell out of this thru use of Yr closeness with u know who?????????
I think a lot of large shareholders have a direct line of contact with AP which I guess provides a certain level of comfort/assurance. However as I soon learned (and as someone also recently warned me) sometime those types of CEO are the one's you need to be very careful of.
I think as I keep saying, if we get diamonds and the board do a good job, when the millions hit the Vast bank account then the sp will fly, unfortunately vast's history is not good and let's not forget this is Zimbabwe we're talking about here. So proof will need to be seen for many to then invest I would think
It's not abuse it's simply the truth. They said they had a plan b or c to stop Bergen converting yet they still converted, then AP issued more shares and paid off Bergen to stop them converting more. That is not a plan, that is simply a lie and then a desperate measure. They raised a load of money for the trucks, where is the money? 50% increase in production, materially increase profitability. I quote from the RNS 11th June last year, read it and tell me this is not lies or if not extremely huge incompetence? I really hope they turn things around here but many people want answers for previous statements made by the company. The answers to these questions I hope shall be explained at the next GM
Manaila Polymetallic Mine (MPM)
As announced on 8 May 2018 in the Quarterly Production Summary and Operations Update, following catching up with waste stripping, grade and performance have now significantly improved.
The limiting factor at MPM currently, and which will continue at least until the planned new metallurgical plant has been completed anticipated to be in March 2020, is the availability of dumpers and excavators on the mine site and of trucks to carry the ore to the processing plant at Iacobeni some 32km away. The existing trucks and dumpers are rented and are not new.
A leasing package opportunity has arisen to acquire a fleet of new state of the art dumpers and excavators having a capital value of approximately $5 million, which would involve a cash deposit by the Group of $500,000. This should enable us to increase production at MPM by 50% without any commensurate increase in overheads and also at a lower direct mining/transport cost per tonne of ore mined, and thus materially increasing profitability until the new process plant is completed.
Lee said pretty much the same the other day but I fail to see what I'm posting is rubbish at all. Please explain which bits I'm posting is untrue and I'll gladly engage, abusing me on here is quite unnacceptable though.
True but too late for me to find out because I'm am circa 80% down as are a lot of others before all this bull came out in the wash. Now the cast directors are choosing to hide away because the truth is out and they can't face the music
Don't forget that just because an AIM Director wants to 'get a license' or open a new mine it does not mean everything's huncky dory. AIM directors, particularly lifestyle one's will lead you up the garden path, stretch things out etc just to keep earning a salary, sound familiar?
You mean Lee who is so close to vast that he tried to get vast investors to invest in Blueberry on behalf of vast? The mine that seems to have disappeared? Hope nobody lost any money on that. Again I repeat, be very wary of anyone ramping you into this company. Just look at the past results and ask yourself why anyone is supportive of this boardwho have lied and kept things hidden for so long.
There are certain people who are just that bit too close to a certain somebody at Vast who are trading in and out of this to death and making a mint, it's so obvious. With the sp 80% down and 100% dilution trust no one who is ramping this because they have a motive. With all the **** ups, lies and under performance of this company you have to question why anyone is remotely supportive of the Vast Board. Results due soon, will be interesting to see just how much this incompetent lot have been paying themselves
So why no TR1 from the supposed institutional investor? You'd think He/she wants the company and sp to do well? Or is it because they never intended to hold onto the shares and has been slowly selling down over the last few weeks each time the sp gets around 0.12. Answers on a postcard.
When shareholders get asked to approve more headroom for use for a specific use (such as 2bn shares as collateral for the loan for HC, Money for trucks etc... ) then the placings get used for something completely different then we have a right to know what's going on or is this circus show just going to continue without redress?
Looking at Fantasy's list that no investors have thought about legal redress against the vast board for financial loss from all the bull. Not that there would be any money available if they won unless the FCA got involved but there is clear issues here that need addressing and plenty of questions from investors such as just where has all the money gone that AP seems to want to dodge.