RE: BUY LOW and hold27 Dec 2018 19:31
No doubt this terrible funding issue will drag out until the last minute just like everything else that VAST does. Time to bury one's head in the sand for the next couple of weeks. I think the SP will continue to drop until it is resolved. Why would anyone buy in with such a risk hanging over the company? BB's will be full of pointless spout for the next few weeks. FAHP will ramp day in day out and anyone who says anything negative gets called a troll. Reminds me of the Nomad issue a couple of years ago. Again, sorted last minute after the SP had been hammered. Why AP went for this deal in the first place if he was so confident that Merc T2 would be granted early in Jan is beyond me. It is a poor deal and has hammered the SP and lead to yet more dilution. Foolish move IMO
AP has stated 7th Jan but it is out of his control like the BP license and he has no control over it. Why give out these pointless deadlines? Just keep quiet. It has been a poor year for all, not just VAST. Recovery will be a long time coming now. BP up and running by June? Ha. Like AP has delivered his timescales so far... There will be delays as there always is. It will be another year before the company sees the benefits of BP.
Diamonds? Like we have any cash to invest in a diamond mine. We had a placing for 1m a while back but no idea what it was for. Things like this are frustrating. How many more placings will 2019 hold I wonder. Lets not forget the massive headroom the board now have to place as and when they wish. Another reason not to invest for a potential investor. Zimbabwe is still a corrupt country in turmoil, just look at the constant currency issues. I didn't invest here for the Zimbabwe assets and don't really care for them. Nothing to stop the government just kicking us out like they did before. Again, another risk for a potential investor.
Romania is where it's at and where we should focus. I did like the AP comment that management is being taken away from projects where VAST are a minority stakeholder. Good move IMO. Why waste time and effort on a 25% holding in something?
Never been this far down in a share before so probably just venting. There is a lot of potential here with good commodity bases but it is constantly jam tomorrow. People can say all they want but a market cap is now down below 18m and the SP is 40% down on this time last year. Says it all really