RE: What we know so far23 Sep 2023 15:06
Hereshopin and Reg - don’t worry ASI just a clueless idiot, bitter because he didn’t have the funds to fulfil his stated (0.021 or less buy order) which is strange because we now learn he’s a major VAST holder who only had 3 million shares a few months ago !
Stranger still he’s about to emulate the 6 million dollar man on £1094 interest per day, despite the fact he spends 24/7 intensively babysitting last chance saloon investments on AIM
Sometimes we just have to do your own thinking 🤔
This and his statements about production and factoring prove he’s at best a shop floor manager looking forward to a golden handshake
ASI you leave me no choice but to concur with hereshopin and re-name you ‘Walter Mitty’ as your previous statements conclusively prove the nearest you’ve been to running a business is in your wet dreams
The reality of any business increasing production volume without losing appreciable efficiency is profit margins increase, because apart the obvious additional wages and some energy, nearly all other overheads example equipment hire and servicing, rates, lighting, security, admin, insurance and liability, accounting are more or less fixed and they’ll easily sell every ounce of copper they mine whatever the volume, without needing to discount it
And picking up on your previous waffle, the reality to factoring is this - you are typically paid 80 to 85% as soon as you submit a signed delivery note - the balance less example 5% commission is paid once the invoice is paid in full by the debtor, I know this because I’ve either used these companies (was charged 2.5% between 2002 and 2007) or still offered these same services now, hence the reason I suggested VAST could potentially use such services too.
If factoring companies as you suggest now take 30% of the invoice (despite 1 to 6% being stated as average for 22/23) production and mining companies like my own could not possibly prosper as few make more than 20% net profit after all overheads, but no doubt you’ll amuse me further by replying with more waffle to satisfy your unbalanced ego
Only city rumours – JV or no JV, VAST understandably sick to death of retail investors are deliberately suppressing the SP to get rid of idiots like you and get more institutions on board, which incidentally concurs with the fact vast are clearly not now doing anything easily possible to boost the SP to get a placing away, something they were constantly doing previously
Example the clearly obvious ‘eff-off we r busy’ diamonds update 18/09 and the absolute slam dunk BPP update yesterday where at the bare minimum they could have easily confirmed the mine was now working 24 hours (let alone profitable) something they were more than keen to do previously - example when AP announced breakeven during the VOX interview, that you were also clueless about
God bless you Walter xx
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