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May be a formality but great to take speculation of the table for any prospective investors that the second tranche is not an option.
Great boost to the sp first thing and hopefully something that will buil now and we can say goodbye to these levels.
Already a decent return for anyone who had the recent issue.
Come on VAst time to shine
Shocking indeed that the company is happy to confirm Bergen bucket shop lending is no longer needed.
Nice for Brian to give Bergen so much love. All RNS’s and commentary on Bergen came from Brian...
Brian loves Bergen... Bergen loves Brian...
Time for news on how the company is going to be funded.
Let’s be having it
No worries we all do it....
I meant to sell and instead bought
AP meant to do a placing and got a bucket shop lender
Daz meant to seek help instead his other personalities got the better of him
Bergen should have converted the rest of T1B but left it too late
The board should have put contingency in for Mercuria
John or Paul? If we listen to enough podcasts might get George and Ringo too...
Toodle Pip!
Carrefour.... interestingly enough so is Paul Fletcher our new CFO
Bunge inc had 2017 revenues of 45 bn
He has 14 years with Carroll and looks to have cut his teeth in long and PepsiCo
Decent appointment.....
Is John related?
I do so hate to be told I don’t understand. That I have misinterpreted...
The RNS says in principle. If vast meant to be more specific then RNS what is meant.
A few weeks I heard for OT agreement with the company who can provide the most money ( not necessarily cheapest) as the most money is considered in the best interest to meet the company requirements. Love the confidence that could sign today, confirmed 5 partners in negotiations with.
A few weeks for confirmation of terms to progress proof of concept in Marange. Seems confident can remove cash also for debt repayment.... ( love AP confidence!)
Reference to Cornerstone investor.... brilliant... seen a few questions as to what that means... large investor, important investor, investor who is so critical without the company will collapse? Looking for reward to seeing who it is!
SP should be 10x current, assets still in play and stronger position that when SP was at £0.006 3 months ago..... I suggest that removes doubt of losing assets under SSGI charge?!
More enthusiastic podcastness.... which damned if you do, damned if you don’t... as many before have said... time for results not promises of potential.
Have a good weekend all.
Regards
Kew
All, the last lot of today’s posts with Daz and other posters sounded very familiar.
It wasn’t long ago a disruptive poster (Teacup) dominated the discussion with his pedantry. Refusing to empathise and continuously forcing an agenda. This was masked with reference to a brother who held and he refused to back off even when face with rational discussion which showed his posts to be inaccurate.
Today Daz’s posts have started to take a similar structure. Although it seems the view point is different we are told he is not a trader and a long term holder, often using trader and decamping labels to apply to those who disagree with him.
I looked back through his posting history, I find it very strange and unlikely that Daz has held for anytime longer than his vast posting history suggests. The history shows a poster who cannot hold opinion back if is claiming to hold and has continuously run boards through similar disruptions with inane arguments
Don’t get me wrong, no issue at all with this. It’s a public board, whether invested or not posting is up to you...
I also note that you have posts on XTR and TOM talking about another poster... a poster called Teacup and how he makes some good points...
I am afraid when I see this, the identical listing style and reference to a third party ( brother) my conclusion is that you Daz are not being 100% honest... I don’t think it’s malicious... just a bit sad.
I hope you do well with any investments you have ( or imagine) but I can not take you or your posts seriously anymore
Regards
Kew
SCC06. A loan to develop diamonds would indeed make things exciting here...
The company has security by way of £2bn shares now, would be good to see them worth something’s no subtantial so they can secure a d cent loan.
I feel offtake agreement needs to come first though. Remove all noise regarding SSGI and Mercuria.
Into an interesting looking Friday, would be great to get a decent filip on the sp
That is a welcome notification
A few more like that and I can breathe again.
Don’t want to get ahead of myself but intention has always been to sell 50% of my holding at £0.0023. To de risk.... now I start to dream again... bloody casino....
GL all
Have to say can’t argue with that....
This is VAST again, asking for one thing and doing another. The headroom requests were 1. Diamonds, 2. Bergen and 3. BP advancing.
Millions of shares have already been issued to Bergen and no further forward with BP.
TigerBTT
You are making some mighty large assumptions
First you are stating VAST have defaulted with SSGI
How on earth do you know that?
The company hasn’t said so, you don’t know if cure periods exist in the contract and although a repayment schedule is referred to in the Jan 2018 RNS I am interested in how you have made the leap to this conclusion?
A little extract from said RNS
The Company has entered into a Memorandum of Understanding ("MOU") with SSGI which, conditional upon the Company entering into a binding off-take agreement from Manaila and a binding pre-payment agreement satisfactory to SSGI by 5 March 2018, amends the existing loan and guarantee agreement as follows:
US$1.68 million interim bridging loan (announced 13 September 2017) to be repaid 9 March 2018 in accordance to the current agreement.
Accelerated repayment schedule agreed whereby the full US$4.08 million (including loan arrangement fee) (as announced on 30 January 2017) to be repaid by 31 December 2019, 13 months early and in accordance with cash flow projections.
Charge over 49.9% of the Company's 100% interest in Sinarom Mining Group SRL to be released following repayment of US$ 1.6 million on 9 March 2018.
Charge over all Romanian assets to be released on 31 December 2018, or earlier, following repayment of a further US$1.5 million in aggregate in accordance with the accelerated repayment schedule.
I agree if SSGI have an option to perfect their charge over the assets they likely would, but that said I believe a) it would have been done by now or B) the company would have used the recent cash to prevent.
TBTT. Do you currently hold or just feeling a bit bitter due to loses from when you decided to sell?
A) why clear Bergen if SSGI repayments and charge is deemed an urgent issue
B) what was the thought process to clear Bergen, I assume this is to lose the downward pressure on the SP that the cln causes... not 100% sure a placing doesn’t do the same though!
C) Corp expenses. Hopefully legal fees to close funding deals?
D) where dem diamonds at!