RE: Potential Baita Plai4 Feb 2023 17:43
Joseywells..
You stated the positives and I don’t disagree but having Diamonds mine is a different from able to extract it as you need millions and millions to do so and AP doesn’t have it. In fact Vast has large debt due in May 2023 set against our assets!
The current BP mine is producing revenue but we again don’t know the cost of this revenue ,so net profits remain unknown and the same story in Tajikistan..
AP needs to tell us the current financial situation and near term expectations plus how he is going to manage the debts…
AP talks a lot of the potentials,revenues ,increasing productivity and prospects but hasn’t confirmed all this with figures yet…
I still feel positive as the assets we have cover multiple of our current Mcap..so I am more relaxed about it and more so once we get the independent valuation of these diamonds as this will unlock many outstanding issues ….to move forward.
I would like to see directors buys too to infuse some confidence to the market….the least tgey can do if there’s no forthcoming positive news…
Holding strong
GL