Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
I apologise for the typing errors in my previous post. Irrespective of the so called shenanigans, this is a company imo about to take off particularly, if the phase 3 trial proves successful which mgc obviously are confident about as they would not otherwise build a production facility in Malta.
In response to Bladerunneruk, SwissPharmaCan hold the world distribution rights to Artemic who in turn have sub-contrated out to different companies around the world, of which, Onassis Holdings has been awarded the distribution rights via SwissPharmaCan, the distribution rights for North America. The business that Onassis Holdings was previously involved in is irrelevant - it is their logistics ability. They will have lorries to transport products. Remember that the logistics for Artemic has been awarded directly from GCSE pharmaceuticals to SwissPharmaCan who will in turn sub contract e.g. Onassis Holdongs. With regard to spelling mistakes on the website of Onassis Holdings Imo is also irrelevant - they are basically a trucking company with the ability to deliver products throughout North America.
I see the lining of pockets with share incentives of BODS and the highlighted business opportunities with family members as a positive. If you had set
up a company that is about to take off In a big way then surely you would expect to reward yourself a d those close to you? They know that mgc is a massive company.pany on the making. Pass that phase 3 trial and then watch will happen - the sky is the limit.
Hey no probs Fantasy. That is how you see it and OK by me. I should have made the tenth point so they were in tablets of stone. Never mind. They are my reasons for investing in Vast but I have invested at these low prices so I can appreciate others who have invested at higher prices and may not feel so positive. The company seems to be turning a corner and if they continue this path we may well be on the start of a journey with considerable upside. The key is to start producing and generating revenue, as Sandy rightly pointed out. This is an actual producing mine so the wait for things to turn around imo will not be too long.
I ompletely agree that it is an extremely low price with huge potential. Due to historical issues there is a lack of confidence and an opportunity for AP and the BODs to reinvent Vast to a major copper producer with some sprinklings of gold and hopefully sparkle of diamonds. I firmly believe Vast are an excellent investment opportunity but patience will be a virtue.
Ty Sandy for your informative response regarding the company's cash position. Whilst a refinance is obviously high on the agenda, I maintain imo that a part settlement with Atlas in Jan 22 is likely to suffice with new t&c's highly favourable to Atlas for the remaining outstanding amount. It would, of course, be better and more favourable to Vast if they get a backer prior to Jan.
Interim results in June and full results in October
Hi guys. Here is my first post. I have been following this BB over the last month. I have a significant investment and just topped up again today. Whilst this is currently an out of favour share, the time to invest imo is now. There are several reasons for this :
1 The price of copper will increase significantly as demand outstrips supply to replace oil with renewables.
2. This company is implementing an automated approach to mining, significantly reducing labour costs and have now employed experienced managers to oversee the smooth running of such an operation - the cheapest copper producer in the world.
3 The Atlas loan, which is relatively low, as well as the Mercuria loan will be paid or extended as production increases and copper prices rise - the new oil according to Goldman Sachs
4 Vast remember are sitting on previously mined copper that has not been processed which will certainly provide an additional cash boost.
5 Vast are a producing mine at BP that will ramp up operations over the course of the year- no ifs, but or maybes as some mining operations.
6 AP and other BODS have shown great vision to implement an operational plan at very low cost.
7 No danger of running out of cash as there is a guaranteed market with rising copper prices.
8 Vast have other copper mining tenements in Romania other than BP.
9 There will be some positive news regarding diamonds in the near future.
I believe Vast is currently turning the corner from past difficulties and are restarting at rock bottom prices with all the signs that everything is going in the right direction with potential for high returns for those willing to take imo an excellent calculated risk.