Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Yes fantasy, in fact one could even draw the conclusion AP is running this company into the ground on purpose ready for his holding company to swoop in and scoop the rest of BP for himself. I really don't think a chimpanzee at the helm could have done much worse. It makes mme very suspicious
No we have not moved on, different chump in the same seat. pp Sold at a huge loss/discount, 3 bil more shares issued and Manaila shut down (or put on care and maintenance as AP likes to call it) their plan is to push the next pipe dream (BP and diamonds) while hoping investors will forget about Manaila, just like, Giant, Blueberry, fanaeta tailings and all the other failed projects these clowns start
Deary me, early July been and gone then, no SRK Report and no Swiss bank loan. More like Swiss Roll. At least Swiss Roll is enjoyable. Think the Vast BOD should Propose a company name change to Vast Number Of Shares In Issue PLC.
Even if the SRK reports are 10 even 20 times our mcap it will do sod all for the sp, confidence in AP is shot, these assets need huge investment, Where's it coming from? Over 8 bil shares in issue now too. The market wants to see real progress as in money rolling in from the mines. I can name probably 10 or so mining companies with bigger assets than vast and their sp is way way undervalued too. If the SRK reports are good then finding hopefully will be simpler/cheaper
But who in their right minds goes and raises $1m, blows it all in one go and then refuses to tell us where it went but it actually went into Zimbabwe on a diamond site where we had no license whatsoever in a country on the brink of Implosion and civil war. Then he gets bergen involved (vast's 3rd or 4th death spiral funding as to be honest I'm losing count) presuming Merc T2 is a done deal (despite knowing Vast had failed to repay any of Mercs T1 loan, but that's not gonna put them off is it? ??.) Merc pulls out and then plan B & C fail to materialise, in comes mass dilution. AP that's who, he is a risk taker and gambling with OUR money. Reign him in ffs. Will his gambling pay off??
So the company RNS's the £900k is enough to last them till BP starts finance and you actually believe them? Since when did anything either AP said or indeed RNS'd actually happen? Are you on the payroll or something? Just struggling to understand how you continue to support a CEO who has destroyed the SP worse than the previous CEO and caused just as much dilution?
Sandy refused to believe when I stated on here AP had been told by our Nomad to stop giving market sensitive information to pi's, even though AP told me himself. Sandy can't handle the truth and can't stand the slightest bit of negativity being said about Vast despite the sp being decimated by the extremely bad management. The feasibility study has been done by the same person that did Manaila so I'm not wrong. Im not even saying BP is factually crap but simply saying why should we trust the reports done by the same person that did Manaila which turned out to be a waste of time and money. If Craig Harvey is that good he should have said Manaila will be loss making without the plant nearby. If the rampers choose to believe the 'proof of concept' bull that AP came out with after Manaila turned out to be loss making then poor judgement on them.
Your response is very poor but I suppose it feeds your need to try and correct me on my facts. If the Romanian records are so good why do we need SRK? Well I'll tell you cause you can't go off the old Russian reporting system in the same way as a JORC report. Answer me this then, who at Vast gave the thumbs up that Manaila was a go and could repay T1, the same person that's produced the study on BP.
We don't actually know if the assets are good castaway do we? AP and all pressed ahead with Manaila and took on over $4mil in debt and looked how that turned out, they couldn't repay any of IT, Now on care and maintenance. All based on Craig Harvey's work was it? Same guy who's scoped BP?? Correct me if I'm wrong on that but trust is very thin at the moment and Vast's reputation amongst investors is on the floor. As for diamonds, as AP alluded to, hard to put a valuation on it till they get going with it but they have gone on the Conservative side so they say. I would say at the moment, terrible management and possibly good assets. We await the independent SRK reports with baited breath.