Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Who is telling that gold prices are irrelevant at the moment, because we are not producing?
We are not producing yet, correct... therefore any gains in gold prices will not reflect in the revenue because we don't have revenue yet, correct.. But KEFI finances are based on gold prices.. imagine if the gold price halves from here, who is going to approve the funding? Higher gold price is good for KEFI, will help close the TK funding quicker.
GL
Can I please ask how long AP had been working on BP mine? AP is not wasting his time. AP is paid by vast shareholders. AP has wasted and continues to waste vast resources on pipe dream. AP is not that stupid.
“ people really think AP would waste his time spending 2 months in zim to come back with nothing !”
Hey Sandy, hope uou are well.. I am assuming you sold what you bought below 0.2p last time around? If you did, good one.. if you didn’t sell yet, still time to sell for a profit?
Next stop I am guessing below 0.1p without diamond news?
GL
All positives from IG, might have taken part in the last fund raising??
To be fair, vast has never been in a great place..
- last year vast raised funds almost every month, but 2023 had been a complete turn around.. raising only every other month.
- AP doing a great job by offering various interviews to keep everyone happy
- great update on diamonds.. we expected it to be solved by last Friday.. we are making good progress
- BP again fabulous progress. We spent most of the money fixing the bridges, firing a mine manager and we are waiting to export more..
- finance… we are close to resolving all the problem.. IMF is queuing up to offer all the funds, as BP is important for the whole of Europe’s stability.
Plenty more to come and lots of news lined up.. buy till your head falls off.. and wait for vast rocket to take off (almost fuelled this time after IMF funding) 😀
IG hope the above ramping helps you and vast crew.. GL
AP’s delivery - 98% dilution and 99% reduction in SP from 55p to 0.38p
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 0.38p) – I have every right to be sceptical of VAST’s BOD
Now that vast and BS master has raised again, what IG meant was time for news, so that they dump their shares on the pump? Is that correct IG? :)
“ It was unfortunate they didn’t get diamonds in June as planned. But now they’ve raised money I suspect we’ll see some nice upside in July with plenty of catalysts to aid that”
Who is still holding this shares? trade in and out.. but seriously this could go bust...
look at all the placements in the last 5 years since AP took over as CEO.. Haven't delivered much.. but another placement. Zim diamonds court case was fast tracked to offer a perfect distraction.. GL
GL
Classic HAA, how to kick the can down the road and drag this as long as possible... :)
was supposed to be Dec-22
was supposed to be Jan-23
was supposed to be Apr-23
was supposed to be Jun-23
now supposed to be Sep-23 or Oct-23
SHAMBLES continues.... :)
I had email some exchanges with kefi team.. one of the questions or part of my question was this - "Wow... what a great interview, to tell your shareholders to sell and move on if you don't like it?"
Great response correct? How you are telling your shareholders are wrong again.. Looking at the poll and KEFI are excited at the poll. I have asked to look at the last 5 years share price chart and asked them to tell me if they are excited about the chart or current share price? :)
A: Sir, you respectfully take it the wrong way. The Chairman’s statements repeatedly reinforce our appreciation for the support and patience of shareholders. We also respectfully and repeatedly highlight the risks and challenges of our endeavours and that investors who are fundamentally uncomfortable with such situations should consider seriously whether the sector is for them. We see that as being sincere and caring.
The poll conducted after the AGM webinar provided a lot of feedback which was overwhelmingly appreciative.
Meandmymoney - share price is reflecting the value of kefi. Market is not believing the BS from HAA. Refer to last 3 yeras of waffle feom HAA. When finance is resolved 100%, then share price will reflect the same..IMO