Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
So once again, let’s ask the question. Fantasy and Angus, are you still invested here? If so, then why? You clearly don’t see a future for Vast. And don’t say it’s pointless selling up now as it’s so low, as a fiver in your pocket is better than nothing at all. If you are invested, then don’t cut off your nose to spite your face. Would you honestly be happy to lose everything just so you can say, ‘I told you so!’ ? I’d suggest selling up and getting into a share you feel positive about. If you’ve already sold, then leave this BB. We’ve all heard your opinions countless times and yes, I’m as frustrated here as anyone, but I prefer to focus my time and energy elsewhere.
Fantasy, it's time to give it a rest. It's clear that AP has built up some fantastic relationships in Zim and Rom and so the talk of sacking him is absolutely ridiculous. Yes, there's been some mistakes but he was left with a huge amount of problems when he took over. Look at the team he's assembled now and what he's trying to implement here. You're invested for a reason and should be promoting that reason. If not, then invest elsewhere.
AP is speaking at 2pm tomorrow. I’m fascinated by this. Just look who’s up on stage with him:
H.E Hon. Winston Chitando, Minister of Mines and Mining Development, Zimbabwe
H.E. Colonel (Rtd) Christian Katsande, Ambassador of Zimbabwe to the United Kingdom
Mr Alexio Chiunye, Chief Executive Officer, Zimbabwe Investment Development Agency, (ZIDA)
Hopewell Mauwa, Director of Mining and Metals, EY
Richard Rands, Chairman, Insight Consultancy
He was left to pick up the pieces of a company on its knees. Sure, he’s been optimistic re timelines in the past and made a few mistakes but now there is a much more rigid plan in place alongside a superb team. Vast has absolutely incredible assets and now with the shackles off, we will become the mid-sized company with the mid-sized MCAP to match!
I’d urge everyone to listen to the podcast. 5 offtakers and 3 extremely close to finalising. Just a matter of seeing which is the best fit. In regard to the diamond, we are the only London based company to be mining diamonds Inn Zimbabwe - ‘in principle’ has been misinterpreted - we have the licence!! It’s just the t’s and c’s than need the sign off from the lawyers. AP believes we should be at an SP which is 10 times higher than now. https://audioboom.com/posts/7176043-andrew-prelea-ceo-of-vast-resources-and-russ-mould-from-aj-bell