VAST - Shambles continues...30 Mar 2019 20:29
I think, it was a great RNS on 28-Mar - what is it called? "restructuring"... Corporate restructuring.. when do you do it - when you spent all your money on non-strategic assets, have no cash.. and no one will lend you any money... thats when you would typically do a corporate restructuring..
- what are the employees in Romania doing, if the mine is put under on care and maintenance?
- previously AP mentioned that 100-150 people working on BP? is that true or another BS?
- what happened to all the 3 or 4 options on table for off-take. when mercuria, incumbent provider refuses to offer you the financing, why would anyone else stump up the money??
- what happened to manaila and the truck? what happened to the money?
- what happened to placement money, from which VAST placed order for long lead time items?
RNS dated on 16-Oct-18, when BP licence was issued. "“We intend to publish the start-up works programme in order for shareholders to keep track of the re-start schedule over the coming days and provide regular updates over the course of the next six months as we target initial production from Baita Plai in H1 2019".
Nearly 6 months on, VAST hasn't got a clue what they are doing? Shambles continues...
Look forward to a meaningful RNS, rather than noise from BS podcasts/roadshows.
Best Regards, Fantasy!