Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
There is no doubt in my mind the selling and subsequent price drop is down to the scumbags Lanstead, the company decided to use the devil and that devil is now dumping at will, during periods of high volume their selling has modest effect but when volume subsides is is easy for them to knock the share price, remember the lower it goes the less they have to pay.
My bet is they have dumped at least 300m more shares since their last TR1 on 28th December, they can get around non declaration in a number of ways, one being they declare when they have finished selling the latest tranche. My bet is we will get a TR1 shortly.
All one can do is, when possible, take advantage of their selling by buying and remember the .57p run up in the share price on the last piece of decent news, also take note that Livesey (the CEO) implored investors to stay onboard as there was much more news in the pipeline, well BOD bring it on !
god this company disappoints in so many ways, towards 2023 year end momentum was building and expectations growing on a number of fronts but nothing has materialised, i find it very strange they have found no replacements for the bod departures, goodness knows what is going on.
yes parys mountain has potential but it needs a deal to revalued the company or we are going to be shafted again with another **** poor low priced placing, a deal on grangesburg was telegraphed but who is in the camp to negotiate one.
even alan green appears to have gone quiet, there are only so many drums he can bang after all.
the market remains awful, truly awful.
Thankfully a few investors are starting to see through the bashing entities working 24/7 on this BB. I really hope Bell does as he says and exposes a few of them.
https://x.com/sharedycat1/status/1765406059248627898?s=20
I am hardly surprised my post on insider trading, forward selling and shorting by market insiders was not recommended because it exposed the situation what is going on here perfectly, the bashers who work here 24/7 are aligned to these entities. They are hardly likely to agree by recommending the post are they.
Also remember it was Bell himself who made the accusation.
These entities need to be very careful moving forward, they are being watched.
Have to laugh when the plums say they have checked this and that site and it is not showing a short position, no of course not, the short positions (including forward selling of equity raises) are held by market makers and brokers who cannot resist a turn and do not declare.
OK here is a scenario, you are the company broker and the CEO says he needs to raise cash, if the share price is £1 they (the broker) starts selling as many shares as they can at £1/90p/80p etc and then tell the CEO they can get a placing away at 75p, they then close their positions in the placing, it happens all the time.
Now the best way to screw the broker/market maker is for the CEO to suggest they may need to raise money so the above process starts but then secure the cash elsewhere leaving the broker/market makers in the deep dung, they need to close their forward sold shares in the market.
Unfortunately many CEO's do not have a clue as to what goes on and even if they do they are afraid to 'upset' their advisors, Bell has openly suggested he believes there are short positions ongoing here, he needs to go elsewhere for cash.
Of course if the DRC money comes in all well and good but, of course, who would know first, the broker and their market making chums, the system is corrupt and it has got worse over the last 3 to 4 years.
Bell has implied that there is a short position in this stock and I fully believe the same, I really, truly, hope they get caught on the wrong side of the trade.
Yes the DRC situation has been going on forever and an age but the money sits there, getting it paid is purely down to arbitration result, worth noting RRR has already won the in a similar process in country.
The gold assets are obviously more valuable and now potentially saleable, finally the market could re-rate this company, they just need to deliver on ONE promise.
For info.
Still unable to buy or sell with HSBC Invest Direct which I deem unacceptable, shares showing as delisted on their platform, this clearly will effect volume.
Re-iterate that the current £4m m/cap is bonkers given the project suite VAST has, compare this to PREM who are sitting at a £80m-£100m m/cap and are in default of a $30m prepayment for Lithium that should have been delivered last June.
The consolidation is a distraction and has been used by bears to trash the share price from the well established trading range of .72p to 1.2p.
What would the market say if VAST refinance the debt and then the Swiss investment bank provide new capital at a premium.
Buy low sell high.
I would not rule out some form of corporate action in the near term, the shares were happily trading in the range of .12p (now .72p) to .20p (now 1.2p) before the GM RNS, the same RNS also stated a Swiss financial institution could provide finance to VAST at a premium to the market price.
It is ridiculous to think the entire company is only valued at £4m , under 2 years ago VAST was valued at £27m + the debt was still in place - no wonder buyers are coming in at these levels.
Looks like Bell is in Kenya and one wonders where else he may be heading
https://x.com/ABell2019/status/1764565703204483476?s=20
I see the SP manipulation remains ongoing, tiny sells occurring to depress sentiment, keep the share price 'within range' whilst some entity continues to hoover up stock with the occasional 250k/500k share purchase, its been going on for a very long time indeed.
The only way to build a material position in a stock like CNSL is over a long time and that IMO, is what is happening, an eventual bid would need to be multiples of the current £6m m/cap to succeed.
The bashers are here for a reason !
In the meantime the company appears to be very busy operationally.
For info.
I note a number of platforms will not let trading occur on the new consolidated shares which may effect volume, it always seems to take a while for some brokers to get their house in order when these corporate actions occur.
I am pretty certain they will be working on new JV's in respect of Cameroon, they still have a large licence holding which needs exploration, it is obvious the country has been under explored with significant gold potential.
Now the last JV has been finalised it is only a matter of time before another deal(s) is/are announced, recent drilling results would have majors/mid caps in a state of frenzy over potentially missing out on a likely world class gold district.
Apart from new JV's in Cameroon there is so much other news be-it from Senegal or the legacy assets, of which the Muratdere royalty comes to mind, possibly being worth £1.5m to £3m.
Not a time to be out despite the market maker shenanigans, note how on Friday nearly all of the (Lanstead?) selling was absorbed with that stock being cobbled up.
Bring on the next news.
Share price action is without doubt a result of Lanstead, once again there will be a swathe of bitter bulls who bought above .40p, the spike was to .57p was only on 22nd January, current offer price is .27p the price has halved in just over 1 month.
I would suggest Lanstead have sold, at least 200m more shares.
I have to say I am surprised it has fallen so far, especially with so much news expected, we all know how quickly to stock can trend reverse of course so lets see.
I guess what shareholders need to consider is if VAST can be valued like they were last January when the market cap hit £30m with the debt. At that time there were 2.8 billion shares in issue.
The current m/cap sits at £3m currently, this should an embarrassment to the BOD and surely hinders the credibility of the company to pursue it's goals. They need to raise it therefore.
Given just about every negative is thrown into the SP at this time, from current levels there surely cannot be much more downside, it would only take one corporate deal to return value from an exceptionally low base.
On AIM stock prices are driven by rumour, speculation and herd sentiment, if not news, disproportionate SP gains have happened before here, it could happen again.
Place your bets on the roulette wheel.
The good news is some of the prospective funding supporters of HZM are also the major shareholders, refer back to the interview with the Interim CEO where he stated 'a solution will be found'
All resolutions passed.
Bashers working on overdrive today, wonder what city firm(s) they represent. Bell has called it spot on, the grubby market making system is rotten to the core as is the bucket shop broking network whose own balance sheets are as threadbare as most junior explorers. The whole thing stinks, this does not apply to just Red Rock either.
It is my firm belief entities (possibly even criminal) have large short positions across the junior space, there are bashers working 24/7 across most bulletin boards, think of these as sweat shop operations, the aim being to destroy value for financial gain. Problem is it is working as investors are leaving the market in droves.
Most of these minnows have lost 90% of value since Q1 2021.
Stockbox interview today
https://www.youtube.com/watch?v=_Tf3lJmZsmw&feature=youtu.be
Can you give a hint as what is going on in the background 'We are taking to a lot of people at the moment'
Would not be surprised to see a JV announced on one of possibly all of the licences soon enough.