VAST in general10 Sep 2020 13:39
I one way I do know what the fuss is about, more placings, leaked news etc but this is AIM and more importantly this is VAST. We should all know what a load of charlatons they are from not just todays news but the last two years. (Diamonds in Zimbabww, placings etc) The other thing that gives me great suspicion is constant uneccessary updates, about bridges, boats etc before the usual bid let downs of which there are several.
My view of investing is that your looking for someone with potential news, a mine being dug, a new drug in trial , a potentail buy out, they`re all there on AIM if you can be bothered to research properly.
The big,big other thing is can you trust the BOD not just to deliver but to be honest with PI`s. I made some good money on VAST over the last months and am now putting the trust thing to the back of my mind and have reduced my holding to a small amount for me of £1k from £5k which I started with and made profit on. The only reason for this is FOMO in case (as it might do) get the mine going.
If I was looking at this fresh today, I would`nt touch it unless I fancied a small punt. A simple example of the trust issue is well summed up in placings in that someone you could trust and was competent would ask for enough money to get their project up and running and get on with it. The others are back cap in hand every 5 minutes because they can`t get their finances right and need their kids school fees paying.
Moneywise the saving grace here is the price wasn`t much below the SP so the investor must be hopeful of a return and the SP doesn`t suffer too much. Things ain`t great here but do have a chance of delivering.