Patienvestor if I was you I'd sell up and clear your debts. Because if this does crash (I doubt it will) I fear you may do yourself or other people some harm.
Do you think it will take them 5 days to sign? I bet AP knows that document inside and out. I'd expect it to be signed today then another RNS stating so and then watch the SP fly
If the licence wasn't going to be approved do you think ANRM have changed the $650,000 from being paid in instalments to being paid in full as soon as it's granted ?
These things take time.
I work for a major oil company who have recently sold off the asset that I work on. It should complete on the first of December.
They told us the process would only take 6 months.
The sale was announced in July 2016.
People in "the know" can give whatever time lines they want but there are always unforeseen obstacles in the way. Especially when dealing with multiple parties and different working practices.
However it gets done.
Patience is a virtue
I was in metminco who had a huge copper mine called Los calatos. They sold it for a pittance. Vast is a godsend in comparison.
People may slate AP but compared to William Howe of metminco he's an absolute godsend. He communicates, he's passionate.
Vast have a clear plan, tangible assets and a future.
I was 7k down on metminco and 4k down on the then ortac resources.
I took the gamble last September sold the lot and ploughed it all into vast.
You just have to do the research and take the plunge. Sometimes it pays off and sometimes it doesn't. I made back all of my losses so I'm at break even.
Just the thought of this has me reassessing my exit strategy. I was always going to re-evaluate next March.
But the thought of vast making me a millionaire is too much for my puny brain.
Exciting day today.
I'd just like to point out that all those people who claimed baron had insider knowledge due to him selling up before the potential placing was announced were quite clearly 100% wrong
Who cares what baron does ?
He's a trader, from the sounds of it we are all investors here for the long term as we see the future potential.
He may be back in in the future who knows.
But the fundamentals are sound so I'm happy.