Today's news30 Nov 2018 20:46
PP doing very well, Manaila as expected.
We know from past experience unless Q figures are stellar the s/p drops - should it? - not IMO on poor Manaila results.
We know Manaila is not going to be a significant revenue center until we build the Carlibaba processing plant, the new trucks in Jan will help though.
So what has changed since the s/p was .63p on Oct 18th?
Carnage on the markets mainly - AIM especially.
OK Merc B has not happened yet but as Merc A, Merc take their time.
AP has come under much criticism by a few - which is obviously S/P based and IMO totally unnecessary - if we were at .7 he would be a star would he not - AP is a gifted entrepreneur, but he is not a god who can control world markets....yet! ;-)
I find it amusing how investors base their investment decisions on S/P which is highly volatile at the moment - look at the fundamentals, the s/p is unimportant IF the fundamentals are good.
I know I keep harping on about it but we dropped to .1p a couple of years ago! - count yourselves lucky - I was in at 2.3p a year before that! - just making a point we 7 bagged in 6 months from that and we can sure as hell do it again!
OK so to sum up my view on VAST has not changed since AP took over, he is the best thing that could have happened to VAST, he brought us all the assets, (barring PP which took 10 years and $20mil+ to give us eff all so far!).
AP slips on his own timelines on delivery of others, (which are out of his control), but the following prove that he delivers in spades:
Mercuria A, BPPM and association licence, Manaila acquisition, Zagra, Faneata tailings, Eureka and Marange.
I think as long term investors we need to concentrate on the progress of the company not the current market conditions.