Member Info for Castaway

The share price is low so investors are understandably fed up, so let's have a go at AP then!. AP has his faults as do we all, however he has put VAST into a position where we can JV an asset worth at least a $bn (in Marange) and brought another asset worth $100 mil (when running) into the company for little expenditure - He has got rid of SSCG and the problems that deal caused which I feel not many really understand.
I obviously don't know how many junior miners you dissenters have been in but I have been in lots and VAST under the control of AP is better than most.
When he became CEO he had a very poor hand to play with, VAST was mismanaged for years and it has taken time but he has sorted most of it.
We are now in a good position, BP should be running in July and surely we will get the JV with ZCDC soon. The chat on this BB is like it was last year before the 5 bag to .5p - history repeats itself with junior miners and I hope all you naysayers don't miss out next time VAST 5 bags after waiting so long as it will!
AP was a villain last summer, a superhero last autumn and now a villain again - make your mind up!
The truth is he is an honest CEO trying to do his best for the company in which he has a big stake in - compared with many small companies VAST has done OK through the CV outbreak and can do very well going forward.
AP is not perfect but to say he is "hopeless" is completely wrong, IMO he is a great dealmaker and will deliver on BP and Marange - it just takes time with governments.
It's all set up including finance, the rewards will be worth the wait IMO.

A bit of buying before close, bargain s/p IMO

The problem is many shs are being badly hit so investors pull in their cash in times like these - I intend to buy more soon also. It's not the MM's who decide if a trade is a buy or sell it depends where it is on the spread, though they set the spread ;-)

Tes 1p ;-)

Robbo, when the share price is languishing, there is always a sonic whispering doom and gloom, they don't ever predict a massive rise - before sonic we had Fantasy, he moaned all the way down from .6p to .1p - we went back to .5p in a couple of weeks and all the moaning stopped and then it was how great VAST was.
If you really understand the history of VAST, (back to 2006) you will know why the company is where it is and also the massive potential.
I am not sure why people dis a share all the time, maybe they have several motives, personally I sell up if I don't like the way a company is going.
VAST is always waiting for some government to give them something, it's frustrating and takes years, but when we get BP going and the diamonds and with more dilution the s/p will be several pence - this should happen in the next year/18 months.
Currently the s/p is a bargain IMO, (MC just £15 mil) now it may be a few months before it rises much, or it could be next week?.
If you don't mind waiting VAST is a great investment, but after CV, so are many FTSE100 companies and they are practically risk free!.

https://www.bbc.co.uk/news/business-52331443

A year earlier, Mr Rihan led an audit that discovered Dubai's biggest gold refiner Kaloti had paid out a total of $5.2bn (£4bn) in cash in 2012.

Mr Rihan argued it was evidence of money laundering - but EY didn't report the activity to the authorities.

I wonder which other fraud they failed to report?

high of 24.4p not 2.4p of course!

Grim it was going up this morning, a high of 2.4p shs do not just go straight up. It takes time for a share to recover - trading at 18p early this month, now 22p with a rise above 25p on the way. Give it a few weeks and it should be 30p+ IMO.

Well Grim, maybe they were correct - look at the company and make your mind up. I think 30p+ will happen soon but then I did do some research instead of moaning at a load of rampers!

YE, "What I will tell you is that you are unlikely to find any useful information or knowledge " - I agree with most of your post, however you will get useful info from a BB, provided you apply the correct info filter. Share trading is about sentiment as much as fact. Trump tweets s/p rises - no basis in actual reality of supply and demand the POTUS can raise oil by $5 on a tweet.

From what I have read viruses become less deadly the longer they remain in the population - makes sense - no point in killing the host if you want to transmit and survive.
Anyway looks like this oil deal will shore up the markets near term.

Latest presentation from Dec 19: http://botswanadiamonds.co.uk/wp-content/uploads/2019/12/BOD-Presentation-Dec-2019.pdf

One problem with BOD assets - it's complicated and there are many!

Worth wading through though there is real value at current s/p levels IMO.

https://www.brrmedia.co.uk/broadcasts/5e3c00ae397af40afa52b473/botswana-diamonds-video-update-from-cape-town-2020
Whilst I am bored out of my skull, I thought I would add a video link to JC talking in Feb.
He talks about the new Marsfontein drilling at Thorny river (now complete and awaiting results of bulk sampling) and drilling later in the year in Botswana. I will try to find other relevant content to post over the next few days if any others want to join in, be my guest - BOD is sheltered from the ups and downs of oil and CV to some extent and is very cheap to buy right now with the assets we have. I hope everyone is enjoying the bank holiday weekend as best they can, under these adverse conditions. GLA

Rastuss I agree. The administrators are tasked to recover the maximum amount of debt for the creditors, so in this case it is probably better to continue the business (politically and financially). You sack the old BoD get in the new (who bring cash), this will be to pay off some of the loans and they agree that a certain amount of debt will be taken on by the in effect new company and the rest written off. There still could be a bit left for current shareholders, but only if it's cheaper to do this. If not they may keep the business private or relist?

adzy, FTSE100 is not my cup of tea, I like moderately high risk, so was in at about 7 quid, just CFD's for a bottom feed. I didn't think it was as bad as has been exposed however.
I feel for the investors who have lost serious cash, I have been there a few times. Unfortunately, it's part of investing.

I agree Echo, potentially BOD could mutibag in the coming year, however in the current environment there are even FTSE100 shares which could potentially multibag and are far less risky.
Exploration shs like bod remain static until progress is made. If you are prepared to give it 6-18 months I think BOD could be worth 3p+ and potentially much higher.
James Campbell is a safe pair of hands and he is a very honest and incredibly knowledgeable Diamond expert. He has delivered in the past and will do so again IMO.
It's potentially a great share, your money would lose money in the bank with inflation, so if you can afford to lose it why not invest?
I't's good fun as well (mostly)!

I think this is the best way for creditors to go, the business is worth far more as a going concern than the assets sold off under duress.
It probably won't help current shareholders much though, why would the banks want to give anything away. There may be a chance that there is a massive debt for equity swap where current shareholders get a few pence per share under the new arrangement as it may be less expensive to do this than start again with an entirely new entity. This happens on AIM far too often.

Mrd - I think that was just wording - the FCA forced it IMO - they did the same with FIN, said they were asking for suspension, but in reality they were told to.

FCA ****up IMO - all for an orderly market - what complete ******

Well that's a possibility, unfortunately it's unlikely from my bitter experience of administrations of UK listed companies and I have been ain many over the years. the administrators will try to get as much cash in but Shetty and his mates will have sent that money out via FIN and it will be already laundered and legitimized and impossible to trace.

Mrd - the shares only have value if the company has value, the debt means that the company is probably worth -$5bn. there is no value and whatever value is left will go first to the banks and other creditors - sorry to say it but common shareholders are at the bottom of the pile in administration.