Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Not worried about placing to be honest. Any placing shares would be mopped up pretty quickly in my opinion. However I think it’s more likely that the funding draw down will happen before there is a need. Atlas would have done their due diligence before agreeing to the deal late last year, they will get their money either way, so I would be very surprised if they don’t except shortly. As for people worrying about a default in 6 months time. I think it is more likely that we will have a far better debt facility In place before then. Once BP is up & running with good JORC results released, I believe our options to do so will increase in that respect, especially if we were to sign the diamond deal before hand too.
Thanks Beach, I had a feeling they were. Was watching the funding podcast from October & noticed a few hints around longer term funding once in production.
Daz, agreed, if we can get the Diamond deal signed, the lenders will be fighting over who will give us more funds ;)
Atlas is the best deal we could come up with at the time to get the ball rolling, however once BP is in full production with good JORC results to back it up, I think there is good possibility they will look to secure a much better debt facility, something more long term with lower risk. Does anyone know if talks with Swiss bank & other investors are still ongoing?
Signs that Zimbabwe is gearing up for diamond business & economic growth from Mature City:
https://allafrica.com/stories/202001070562.html
Sarah, regarding news alerts. Register on the london stock exchange website, it’s free & It’s usually 1st in que for RNS updates. You can also set price alerts too:
https://londonstockexchange.com/exchange/mobile/homepage.html
The notifications are by email, if you’re tech savvy you should be able to find away to set notifications on your phone to alert you of emails received from their inbox too. Mine usually pings when I get one & is displayed as a notification when I log into my phone.
A lot can happen between now & then Sonic good/bad. The funding is only a negative now if you dwell on what might go wrong later on down the line. It will also be a Catalyst for progressing BP into full production over the coming months, which will mean a further increase to positive news flow. Yeah perhaps we will need more than BP to make the deadline & perhaps we will get it with the diamond deal. I am happy to take the risk, many others on here are too. However if you want to wait it out & stay in cash or trade it in the meantime, then that’s your choice which I respect. I personally view the funding as a big positive for VAST & I think a lot of other people on here will too. GLA
Daz, perhaps you’re right, if you are then it’s likely that the company is expecting to sign soon as they would not have started the drawdown process with Atlas otherwise. I am looking forward to seeing how this will play out. Could be very exciting times ahead if all the pieces fall into place. GLA
I’m going with funding 1st, as I think that’s more likely, but I’d like to see diamonds signature to land shortly after that, call me malicious, but I love the idea of people scrambling to get back in... bad Hippy!
This is the bit I find hard to believe:
“ I understand the diamonds due to us are in storage and we will be able to sell those on.”
I think it’s more likely any diamonds found previously would have been sold on long ago.
Agreed JS, the funding is definitely a key turning point for the company. I'm looking forward to seeing BP progress into full production. Been along wait, but the pieces are finally starting to come together. GLA