The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Manu - I can understand why you are saying what you are saying.. lets see if HAA delivers the finance package which should be a formality after this regulatory approval. or does a placing as you say or both.. if the finance is sorted, there are warrants at along the way for more funds..
Not dismissing you just yet - happy to wait and see...
Would you not consider getting in at this stage or do you think HAA will never deliver the funding package?
Share price will take care of itself.. I am glad that the regulatory approval is now sorted. HAA can move to final step and close this for good.. :)
I am personally not worried one bit about the share price.. :) we will see a rerate as long as HAA delivers.. 1 step closer..
DVH - market will wake up when that $390m is signed off.. which is a formality.. what a time to be in getting in KEFI.. frontier markets and the rest... 0.7p; risk vs reward at this stage of this approval is fantastic :) GL
AP’s delivery - 98% dilution and 99% reduction in SP from 55p to 0.3p
What AP delivered?
- BP licence
- Mercuria Tranche1
- BP to production (lol, well mediocre so far)
- Probably more to the list people can add, but nothing significant for now
AP lost all the trust from SH - Poor delivery vs promises over the last 5 years
- Where are all the money raised going and what are people working for VAST doing?
- Expanded too fast and too thin. Wasted precious resources on “non-strategic assets” and ran out of cash. No strategic thinking, no risk management and no prudent cash management. Now Ghaghoo?
- $1m raised for diamonds? Where did the money go?
- Money raised for Manaila trucks? Where did the money go or where is the truck?
- Headroom requested for one and used for others
- BP in production within 6 months of licence approval BS. Continued to be a liability – huge de-watering costs which was multiplied by finance delays.
- Mercuria 2 failure and Bergen saga.. All “ON TRACK” BS and eventual failure. We will not convert Bergen BS and Bergen did.
- Finance; we have option a, b, c and d. But couldn’t get any.
- Corporate Finance restructuring to balance books BS. Look at the shambles of current financial position.
- Sold PP at the wrong time, look where the gold price is above $1500 for restructuring finance?
- When finance package was announced in Oct-19, AP said no more dilution in podcast (unless until he gets a lucrative concession etc). VAST did a placement straight after
-Remember the twitter of few videos in Dec-19, apparently China equipment was not needed but VAST using refurbishment equipment (false dawn on restarting mine)
- We are always on cusp of something.. cusp of signing diamond (not VAST’s fault), cusp of arranging finance, cusp of BP production, cusp of turn-around.. for only the cusp to disappear after few weeks.
- Placement, placement, placements…from 50m shares to 3.41b shares. Share price from 55p to 0.38p
- ~99% reduction in share price under his watch..
-Appointing mine and processing manager 6 months after initial start? Doesn’t have a clue how to run a mine..
-Appointed Marcus Brewster as GM in Jan-21 and gone or sacked in Aug-21.
-No raise for opex or capex in May/Jun-21, but raised in Aug-21 for covering Atlas and opex.
- There is more to the list and I am sure people can add
What AP couldn’t do this so far - Finance
- Proper Debt Finance facility: Now that he raised more for further documentations, better deliver debt finance facility (FAILED spectacularly)
Of course there is opportunity with BP mine – copper, gold, silver and molybdenum - good grades which supports the historical data & one of the reasons for me to buy VAST roughly 3 years ago. But if I had been diluted from 50m to 3.41b shares whilst reducing SP by more than 99% (from 55p to 0.3p) – I have every right to be sceptical of VAST’s BOD
Castle - you part of the ramping crew now? Nothing goes in straight line correct - except for vast.. almost a straight line from 6p to 0.2p over the last 5 years.. Great work by your master.. I mean the BS master. Leave the historic parcel; always had been the pipe dream.. what happened to BP, name plate production, profit and cash flow... ALL BS?
"Nothing goes up in straight lines , the bad news is out the way , the board are confident of the return of the historical claim and so is the finance company + copper has a"
When AP started talking about diamonds, I told that this is all BS. AP is diverting the investors from BP to diamonds and he is likely to get a placement on back of it.. He did exactly that after the court order for hearing. Placement done and dusted. But diamonds are yet to be seen.. :) well done AP
"Kind of getting the feeling these diamonds arent coming. Theyve managed to stall to elections"
Steve - it could be.. I was thinking about the same when the SP was at 0.55p.. Also there is a technical resistance at 0.7p; coinciding with previous placement share price... This also could be the reasons behind lack of movement.
Rob - correct, I am not against anyone holding KEFI or HAA to account.. TW one is a bit of a joke.. :) I don't disagree with the interview.. it is not an interview to scrutinise HAA, but a PR exercise as we are close to sign off. As I said, kefi has made good progress and it is about time to deliver.
Welcome the interview as PR exercise rather than "holding HAA to account" nonsense.. :)