Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
To all those quoting good news to follow, if there was any AP would have used it to soften this blow surely, so expect nowt to avoid disappointment. AP strikes again. Would suggest voting no but that just plays into his hands to blame us for his blatant miss management.
Market now fully aware placing inevitable, price will be smashed daily to half current value minimum, history shows this to be the case with Vast, AP should have raised as close to .5 biting the bullet and clearing the debt not advising the market then raising at potentially .2 and destroying any chance of clearing the debt. But those in the know will again fleece decent hard working shareholders once again ( watch this space ).
Poor delivery to market, this will be smashed by the time vote is taken and again will then not cover the debt and running cost. We will be left on the precipice of what someone called earlier liquidation GLA we will need it
As some had expected, agreed by mutual consent only issue with the article is the date 2019. So lost what do you think is going on is our illustrious leader playing with a straight bat, or as he has since 2019 is he defrauding his shareholders with smoke and mirrors.
Mining lease been chasing that nearly as long as the diamonds, the chiefs son no longer needs vast, as he just regained $400M from the government. Do your research we may mine along with the diddy men for all you oldies, but as many have said jam tomorrow.
Plenty gonna get burned here, less than a month to pay back $9M, still no sign of diamonds and definitely not enough time now to process and sell if they are ever seen. Research is key with this bag of doodoo don’t get caught holding the baby.
Bull turd, again still losing 1M a month, no diamonds still and who seriously thinks that in 3 months they can double production numbers, when incremental gains have been in the order of 20% a quarter maybe he’s planning to reinvent the calendar for 60 day months. GLA, but don’t be surprised by the next excuse for failing to hit nameplate, do many mines even ever hit nameplate for fear of breakdowns. Whoops we’ve broken it tag line for failure.
The only thing that can possibly be concluded from this is diamonds are missing, followed by another decade long court case to sue god knows who for misplacing them. Good old AP again stringing investors along with the fake promises of riches to get high dilution raises away to his mates.
AP can’t successfully run one mine, failed with maniala, now failing with biata, what makes you think adding more mines is sensible. No fanfare with this placing release about diamonds this has again been a great play to get placing away, and I’m really pleased at such a great price but don’t kid yourself we are still up against it without accurate figures and the diamonds in our vault.
To temper everyone’s enthusiasm, but these stones have been locked away during the most corrupt period of Zimbabwe’s history, who knows what could now be in the vault, my bet is duff stones or an IOU from dear Robert. Believe only when we’ve sold it until then as usual pie in the sky.
Pawn been suffering this dross since the days of AFCR, lie after lie after lie, this board of directors take lifestyle company to a whole new level, not for the faint hearted long term investor, potentially traders dream.
See you only took the positives from the article, not the fact that we dropped our case for the diamonds in 2018, for the chance of a return to the diamond fields. How will that be perceived by the court. Government will push all the fraud angles from the past, and the fact that we dropped the case game over, also no chance of mining for diamonds either. We have no money to fight this case will take years and tens of thousands to fight. Dreamers the lot of you newbies.
https://www.thezimbabwemail.com/business/zimbabwe-govt-elbows-out-british-investor-under-a-cloud/
What have vast ever got out of the Zim government.
RNS due to the unforeseen expense of the Zimbabwean court case the company need to raise how much. What’s everyone’s guess 2M for me that’s another close to a billion shares, but to get millions of pounds worth of diamonds, everyone is scrabbling to get on the gravy train. Oh no what’s that I see as many selling as buying nearly, ummm placing shares being forward sold again maybe.
Of desperation on re-read we have been informed by our legal representative that formal progress can be made in the 8 days left of January of a case we only started in December what does AP take his investors for Idiots I assume, chased these diamonds since 2009 ish now can be solved in 2 months. Come on Pinocchio you can do better than that surely.