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TBTT, if the market thought the same as you we would be sub 0.10p so I would bet it is somewhere in-between complete failure as you seem to think and money in the bank. AP and co can't feck it up every time they do something..... Law of averages and all that. Something has to go right at some point.
SandyShore459, interesting read and quite coincidental timing wise for tranche B, I remembered the story but hadn't connected the dots. Very plausible.
Tick tock
Dodge100, your comments are irrelevant, as is your presence on this BB.
leemorris, term sheets are good, shows intent, however signatures they are not. We've all got stung here so guessing the market wants solid proof before committing the family silver.
Congratulations, I would do the same if I had the dosh, fully maxed out at 18m
Just re reading the last RNS, and even if on each anniversary we are still at 0.14p he still gets half his allocation, where is the incentive to ensure we get to the 2nd level at 0.25p, which I believe is still far too low, that should be at least what SC paid originally. What do you guys think?
Go team VAST
Dodge100, didn't you post exactly the same the other day, and yes we know they still have a claim but that is only because we owe 900k which is in the escrow account. So technically yes they do still have a claim but in reality this is covered by the monies in the escrow. Therefore no need to keep reposting the same old shit.... Thanks
Any chance we could have a cull of all the dead wood in here? Far too many moaning myrtles who do nothing but dwell in the past, making the whole board pointless. Stocks are about the future, not what happened a year or 3 ago. I've been here what feels a lifetime. Yes I've been miffed at the decisions the BOD have made and the current financial situation. The past is not going to increase the SP it's what happens next and that by all accounts looks pretty darned exciting. Sandy/Lee et al thanks for posting meaningful links.
3 mines 8 months sounds good to me :)
Flat again really. Sorry to hear that for the current holders. CB still not delivering shareholder value.
Dodge100 and? We know we need money, every company needs money at some point. Stop with the negativity it won't help with your depression, focus on the new things and the possibility of a bright future. As D-ream once said TCOGB. And they will.
FOOLS_NIGHTMARE, the Zim report said diamond sign off with two companies in mid May. Hmm 2 weeks for GM, 2 weeks mid May, term sheet maybe 2 weeks. 2 is the magic number.
Dodge100, why can't you let it lie. Seriously, it must be exhausting being so anti-vast all the time. Yes they have royally screwed up, but they are now trying to fix it before it's too late, that should score some brownie points, no? Either that or we carried on down the same path of least resistance and ended up going bust. Give them 2 months and if you actually hold any shares they should be worth significantly more in value.
FirstTimeBagger, imo it's clearly a sweetener for the Offtake. We shall see :)
Placing tomorrow to see us through to end of May. Then all 'should' be aligned. 10billion shares and $5.5m (after paying off mercuria). BP off we go yay
...we are still looking for funding, which means current offers (term sheets) are not as great as they could be which means more DD by other potential companies which means delays on delays with no money left to pump out BP, nothing coming in either.. So in summary it doesn't matter if we get a signature nor does it matter we are only 4-6 months away from BP production, what does matter is we have no bloody money. Recent placing will last a few weeks, literally weeks. DD takes months. Far from ideal situation. Another Bergen loan to us tide us over lol??
Busy in here lol. Market still smelling BS.
Just thought I'd pop back to say hi, anything exciting happening?