Member Info for curlyputt

Just a question . If AFC licence production of any of it's products to a foreign company in return for royalties or decides to manufacture abroad that means there would be no tariffs to pay. That might be a good strategy after Brexit. Am I right about this?

I find it frustrating and perplexing after all the positive news about AFC that the share price has been eroded over the past few days. I mean, what's not to like! What on Earth do the markets need hear to reverse this unfortunate trend, I'm sure it's not what the news was intended.

AFC have a superb suite of products coming on stream at a very propitious time. For the life of me I cannot understand the SP being down on this news. The very fact that they are prominent at the Motor Show means the organisers must be confident that the product will meet their requirements in all aspects. They have no doubts so why does the market hesitate? Are we just waiting fr the news to sink in?

I suppose that if there is new price sensitive information that is not yet in the public domain it cannot just be revealed at the product launch. However, for maximum impact I expect we'll have to wait until Friday 7am or poss Thursday for an RNS.

I just cannot get my head around the sudden drop in SP instigated apparently by such a small dilution in the shares on offer. Basically nothing fundamental changed. So much positive sentiment reversed by a perfectly reasonable placement that will help the company move product to market. Investors clearly don't research what this company is capable of going forward. What's not to like?

As I am I relative newby here can anyone tell me what precipitated the spike to 70p

I must say I think the initial SP reaction is overdone in view of the relatively small dilution here - 2.6 million shares in a company that has 448 million shares on issue. Also I tend to agree that this could well be sweetener for a deal.

And a slightly more interesting account of a meeting today. Finance and Economic Development Minister Mthuli Ncube is today expected to announce the setting aside of funds for mineral exploratory work as part of Government's efforts to scientifically quantify the country's mineral resource potential.

https://allafrica.com/stories/201911140191.html

One question though, why doesn't someone just sign off our agreement so we can just get on with it?

Just spotted this, I'm not sure it adds much to what investors here already know,it is positive though.

https://nysenewsguild.com/2019/11/14/worth-watching-traders-buzzers-vast-resources-plc-lon-vast-4/

Whilst the Zim operation seems uppermost in folks minds here I think getting the Romanian operation going would be very significant too. I hope they update the market with news rolling up to Christmas

It would be comforting to know when all the Chinese equipment arrives on site. It may take a couple of weeks to commission all that stuff but hopefully they would not be far from commencing production. Since the mine has already been worked material should be very apparent and progress could be rapid. I'm no expert though so all just in my opinion.

Phrases like "we're ready to hit the ground running" etc abound here but what do we know about the situation on the ground?

Signing is crucial to starting the Zim operation (a good opportunity for showboating if they do it this week for the Minister!) but is equipment actually in place to commence mining?

How soon realistically can the Romanian operation start production?

I am new to this board so please forgive my ignorance!

ATB

Thanks Yuri et al for your thoughts. I can see that if we do get some form of refinancing the returns are still attractive to current shareholders. Given the value on offer, the relatively benign location of the mine and the achievements of the team so far one would hope someone would be interested enough in the returns on offer to make an offer of finance here. I thought the CEO was a money man!

I'm just trying to get a feel for the possible outcomes here, (and this is back of a fag packet calculation I know), but what effect would dilution have on this share. I'm just trying to get a feel! for future outcomes If the average price over the past couple of years is 20p ish then 100% dilution would bring that down to about 10p. A 200% dilution about 6.75p.

What effect on the sp would a massive loan have if we could get one?

Both outcomes would boost confidence in getting the project to fruition and would have a positive effect on investor confidence but which would have the better effect on the SP?

I wonder what the chances are of another offer appearing out of the woodwork? I wont hold my breath, but is it even possible? After all those presentations perhaps some company was keeping their powder dry till they saw a benchmark set. Clutching at straws really!

Well I don't think most investors here are reasonably satisfied given that we're all locked in here at 6 pence with little prospect of an improvement in the SP any time soon. I was hoping for a clean break at a reasonable price. This certainly isn't that!

I'm struggling to see why jp thinks this bad deal is better than no deal really. I think it is unacceptable. It is not in the best interests of shareholders I'm not surprised they don't want to talk about it till its signed off and it's too late.

After all the 'you'll be pleasantly surprised' nonsense this awful deal is a real kick in the pants for investors. I'm astonished that they have the gaul to recommend it to shareholders. Are there any positives left, I'm struggling to see any.?

I don't think it's possible for there to be a bidding war give the exclusivity agreement. Please tell me I'm wrong!

Well it was a fag packet (empty now by the way!). Yes you're right Jordan £60m.