Reality check29 Sep 2018 13:57
I want Vast to succeed as much as all of you but I don’t think things are as rosy as some make out. Our Diamond mine concession, how much did we pay for it? If it’s worth billions why did they give it to us for a pittance? If it needs lots of money spent on it where is that going to come from? Manaila is barely breaking even, the new dumpers will improve it a bit but with out Carlibaba it’s never going to be a ‘gold mine’. We can’t get the cash to build Carlibaba until we get BP, which all the while is draining our resources. At present we don’t have the resources to tide us over until BP is fully operational therefore I expect a fund raise very shortly after we are awarded the association, or even worse if BP isn’t awarded shortly, a raise anyway. We are an aim minnow with our biggest asset tied up in Romanian red tape. We need Bp up and running ASAP simple. Everything else needs money to move it forward.