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Another placing to carry VAST over Christmas, surely not or has an RNS been logged but no-one knows the content and so stop losses being fished. T2 /Mercuria seems to be abnormally late now which makes me wonder if Mercuria themselves are in a good position to lend more. I have no idea whats going on now.
AP has not had a good year for the shareholders as yet methinks
Re diamond mining. Well one has to assume its Vast and Botswana then but not sure why its been hush hushed so far as they seem to be the only active miners in this Zim sector. But not sure what the profit % is to each company re diamonds compared to gold which has increased to 55% (from35% I believe) can be kept in $.
How much an interest and ultimate profit would Vast get as not sure?
On the downside the petrol shortage seems severe in Zim so assuming VAST are payng directly to supplier so no problems there. And the interims wont be good in two weeks or so after that gasp of a poor quarterly update.
Im also thinking if T2 does not arrive in ten working days it would seem 2nd week into January 2019 hopefully as if it does get scuppered the whole process starts again with another offtake financier but maybe not on VASTs favourable terms irrespective if there are others lurking . So its a bit squeaky bum time.
Absolutely agree with comments below by cordenadam & fantasy. The VAST dream remains distant until it can prove up profits can be made next year with all these projects. However catch 22 really as they need investment and would a big investor throw funds in even Mercuria with a 30% decline just publicly announced. Indeed the said creditor will already be aware of this decline but in my view thats why T2 has been delayed as they may want proof a turnaround is quick and more importantly possible or more amendments/targets
. In the meantime no external investment funds now so reliance on recent £1m placing to keep matters running but AP needs to stop teasing shareholders I think with the 'jam' and reveal what Marange is offering and how quickly monies can be generated. In meantime VAST keep on paying for BP which is another drain on progression costs.
Sentiment is at a low because of failure to produce the goods to date. The interview may alleviate downward pressure for the day or two but until funds T2 received the drip will continue I fear.
Over to you AP and H1 2019 will be his reckoning one way or another starting with T2 on acceptable terms, improved gold production, new tonka toys (love that description) better or signs of improvement Q4/interims, mild winter, an improved unique deal re diamonds for VAST to start with.
So many questions for Monday. One could also ask why the results were delayed so much after the last placing? Was that a deliberate ploy as the results would have been known. I guess that will be swept aside but it makes me think. Additionally those hoping for T2 on Monday is unlikely as the results would I guess be published with that news and certainly been ignored as focus would be on the funding at last and BP underway.
As it stands AP is going to have a lot of angry shareholders wanting an explanation why such a delay, why such poor timescales and what exactly is going on that the Market is unaware of????
AP is not as good as he thinks he is in my little opinion and the sp seems to be following true to that presently but time will tell but its fast running out methinks.
Lets see what the super Monday brings....gulp
What can AP say more about the much needed lifeline T2 monies apart from VAST have (of course) met all legal obligations but not quite the anticipated offtake lending criteria maybe?. Clearly still ongoing but if I was Mercuria and creditor to a further $5m funds I would be seeking maybe a further cushion incase of further deterioration. Though in saying that if they pull out they can kiss the T1 funds goodbye I think or VAST would have to divert PP monies to repay. Leaning more and more towards an unexpected diamond boost here or some sort of white rabbit out of a hat background rescue plan by AP.
Is back in question I think. All very well getting BP mine but to fund it and prove to the creditors it can be done by what was proving up Manaila has maybe gone awry. I think and it could be construed as a deramp but its my honest feeling now VAST will have to do another placing quite a substantial one if T2 drags until Q1 can maybe show a turnaround despite being winter months. The trucks/vehicles etc wont arrive I reckon until late January or even be used then so as not to damage them if weather is severe.
Only saving grace here is if VAST get a diamond mine legacy fillip in the very near future will boost this presently dying sp and deteriorating support for AP.
Its a sell now until late January maybe when all will be fully known I reckon.
So the T2 funds have been delayed not because of legal paperwork and admin but because of the alarming decline in Manaila which was part of the offtake targets along with the BP project plan Im thinking out loud. AP seems confident in the interview funds will be coming but when? Are they going to wait for Q1 2019 or after delivery of trucks now and see how VAST improve, thats the burning question?
Make sure you register your questions to AP as per RNS for the open talk on Monday. He needs to be utterly sure shareholders are not best pleased and that all this secrecy/delays re projects/developments is not good enough.
Im assuming these poor quarterlies re Manaila have no bearing on T2 being withheld otherwise that would have had to be announced far earlier but probably causing the extra DD maybe...question 1 Im thinking
Pivotal most definitely on T2 and BP now. The last interview was indeed telling when AP emphasised that Manaila was basically a side show coming to an end I thought. Indeed AP needs to deliver as other contributors have stated earlier. Too much pie in the sky for sure and somewhat baffled by lack of T2 comment in update though we will know on Monday.
Another year of holding then with the odd trade in and out maybe but overall AP has an effing lot to do now to prove he is the man for turning VAST round quickly egQ1 2019 albeit winter season approaches.
Annoyed I didnt sell more in the 50s but Im sure some stalwarts of VAST saw this coming and did!
Now its waiting (again) for T2, BP plan, new trucks, and the future of diamond mining update
2016 perhaps not but then 2017 and most definitely 2018 was to be the breakthrough year for VAST but looks very much like H2 2019 is now to be the pivotal make or break for AP's dreams of VAST actually becoming a profitable mining company that rewards shareholders maybe ... But at present AP I think is responsible for this downward spiral due to this listless blackout of updates/progress exacerbated by missed deadlines he set/intimated earlier this Autumn which have confused/worried shareholders.
Indeed RP did indeed make an effort to reply to shareholders I can recall on three times he did to the extent he reassured me about the Nomad appointment would be made and it was of course (phew!) However AP seems to be hiding in my eyes and blurting out yarns via podcasts . He needs to prove all this up pretty damn quick now or at least give an update via quarterlies this week!!! Thursdays are a norm.
Not until AP actually completes a major project. Seems to me doubt is now firmly creeping into his stewardship of VAST more so than ever before. Why cant he update the website as commented below or just issue the quarterlies albeit surely cant be that depressing must be in the price now you'd think.
He is in my mind fast becoming a CEO who promises and offers shareholders great things but for some reason are forever delayed or the actual news when lands offers little 'meat' to the VAST carcass to date.
No news again another red day methinks
Getting there this week and all because AP cannot deliver timeously or at all. Almost need a spike of 50% again just to get back to those short lived halcyon days of +.60 . AP has not done a good job so far at all and it seems as each day passes to me he is struggling if not drowning as patience wears thin.
'aint looking too rosy
What on Earth is going on here? I really am hoping AP is not just another one of those AIM CEOs that can give a good interview yet fail to realise the ideas and ambition into fact. Since taking the helm the sp has dropped to old lows and still shareholders such as myself wait for developments that seem to be taking an eternity to materialise. Only three days left for funding update and next week quarterlies at the latest if using 2016 time table.
If this recent Zimbabwe ten day tour also fails to generate something significant in favour of VAST as well you have to start seriously doubting AP, particularly if results are being held back to be protected by some jam tomorrow news and/or the news the Market seemingly isnt aware of is a mere damp squib that will again take years to come to fruition
Come on AP are you good at your job or not?
Indeed proper interview but as stated below needs to communicate via RNS re Tranche B update and results. As for latter sounds like Manaila is bumbling along and nothing extraordinary with PP jogging along... lets face it if they are poor the DD would have concluded I guess pretty quickly.
Once again things bubbling in the background but cant be announced so sp will suffer. Only danger there is the sp just gets back to where majority of investors have bought around high50s and maybe low 60s. That is not a return for long term holders who have endured CREDE/Nomad calamity/BP delays and so the near future plans need to be monetised promptly so the Market sees the light and breaks that glass ceiling of 0.65 for good and motors to 1p+. But at present £20/25m company this is.
A very different scenario if VAST get back claims for Marange being stolen from them however that I doubt
just shy of 300m shares traded so far today and yesterday so Im assuming a lot to sell off still as any little lift allows a further sell off. Smacks of a placing but that volume didnt happen last time but the sea of red continues hence avoiding until RNS breaks the trend or confirms bad news . Indeed the Market has taken a battering today but VAST problems are solely to do with funding or lack of it so far methinks.