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Well that stimulated a mild backlash and I do apologise if I am a plonker but someone on this Board needs to put AP in check and question his acumen/timescales and ambition(at the cost of pi shareholders). Indeed I have hit the panic button as an investor albeit a lesser holding now. Nevertheless why didnt AP get these cost savings vehicles (up to 30% if I recall) sooner this year rather than focus on other dilution costing mines amongst other matters. Four mines is I think becoming too much to carry. Two profitable mines then move on but sadly with hindsight I should have bailed all at 0.65 .
I think something wrong is brewing and AP is hiding it until good news can be delivered its that simple . Anyway Ive sent an email to him see if he replies like old RP used to do.
PS I think an RNS has been logged for tomorrow
he certainly is missing the plot with these irrelevant RNS updates that have no meaning whatsoever until VAST can prove they can fund anything.
AP is starting to remind me of Neil Ritson once of LGO and SOLO where the promises looked genuine but the funding never actually hit the mark and it was dilution after dilution until consolidation but never hit the value shareholders thought. Just starting to look like AP has fukd up Im thinking with timelines and targets and will fail to win shareholders over ever again if the quarterlies are indeed average. If we are still waiting for those cost cutting lorries and equipment why? Where's the T2? Whats the big deal about the diamonds he smirked about in last video that the market seemingly doesnt know about. Its all a bit smoke and mirrors now I reckon and 0.43 as I predicted will be soon hit and blown away if Manaila is still just b/e and funding delayed.
Of course VAST will never get another mining licence again in Rom if they screw up with BP after finally getting that licence. And you do have to wonder where the long term stalwarts/shareholders of VAST are now hiding or just gone.
I think he is stalling but my God if its another placing he has to go as all credibility will have gone completely and it seems to me the Market is preparing for it as T2 is delayed clearly. What do you think Castaway and LeeMorris?
Another way in the future / seek funding project which is merely put onto the backburner. It's now investors want to see movement ie T2 monies and BP up and running with plan revealing only a few months away.
Quarterlies need to be very good as an aside.
That makes two generally underwhelming updates so far from that long list
Not entirely VASTs fault in dropping today now as the general sell environment gets a grip. However as the old floor has given way with little fight expect 0.43 and then 0.38 if results are uninspiring and investments stalling further. If that is the case APs position would be utterly untenable in my view.
I see AP will be with his old mucker RP at that forthcoming talk in London. Gawd whats with the attendees having to pay and listen to a bunch of fledgling CEOs go on about Zimbabwe that isnt accessible via internet or news coverage?
Starting to look like VAST of old desperate to spread the word but failing. Anyway as folk have said T2 will rescue the drip down for a few days then repeat but I fear only into 0.50s if it arrives
and thats the problem VAST is too slow in my view now setting timelines which inevitably get deferred again and again hence the share price has shown no sign of belief and patience has long gone with delays and dilution. The RNS was of little value maybe to newbies if there are any.
AP needs a blockbuster of an RNS detailing plans for 2019 amongst other matters accompanying stellar production figures and confirmation VAST do get a larger significant share of Marange profits. All imho of course but seems to me thats the case
What an utterly bland missive that is and a tad disingenius at that. The astute and exasperated shareholders of VAST of which there are many will know all that was detailed. Nothing with 'meat' on the message at all. I said that yesterday please no bland RNS and so along comes that very thing not helped by the Market turmoil no wonder the slide continues.
Anyway now hit the much expected 0.48 I suspect 0.43 next if no news on T2 within a week.Going to need a 30%+ spike now to make folk more comfortable (probably T2 alone receipt) and maybe exit and await the drift down again for the cycle to continue until evidence that VAST can generate suitable profits and expand at no further cost to shareholders IMHO .
Ho hum still need to impress the market AP methinks ...still
Well I did say 0.48 last week despite the dead cat bounce. Two years ago after that infamous 'Nomad' rns sp was 0.17. A year ago today .53 and today!!! (and much more dilution) Little return to investors but profitable for short term traders only. seriously doubting AP can deliver and his acumen in dealing with so many projects.
Make or break over next six or less months I believe for AP.
More of a concern is that Mercuria are still examining BP plans despite the time that has elapsed since attempting to get that associated licence this year alone. The falling sp is not so much Due Diligence but Doubt and Delay and knowing VAST at this time of year its an update followed by either a spike or cliffdrop.
Why is there such a time lag for funding now and updates of note? The awaited news has to be good to excellent now just to restore the lost 20+% over the last few weeks. Even that recovery will be sold into as thats a healthy profit for short term traders I reckon .
Any vague, uninspiring,where's the funding coming from type of update will not help and any bad news just not worth considering consequences.
What a damp squib of a year again for VAST shareholders I think
A sustained rise of any sort would be an achievement.
I do hope AP announces news that is worthwhile and gives solid foundation to funding and full exploitation of all these mining projects and diamond hopes. Another deal with vagaries attached would I think cause immense exasperation and selling.
He has yet to prove his stewardship to me as the sp is stagnant and scant reward to shareholders. Patience ebbing on proving all that he promises hence the sp languishing where it is and I still reckon will head to 0.48 if no news this week.
Until news of funding or an amazing (and not likely) reimbursement of losses re Marange , VAST is not going anywhere upwards for long imho.
Funding is the immediate issue I think as anything to do with diamonds in Zim is clouded in corruption and disbelief only the corrupt will benefit it seems to me. Proving up BP is mid term target anything else is jam until profits and monies arrive and anyway volume is far too small for a breakout of note.
Oh well got my prediction below .50 just a few days out and no news tomorrow all likelihood for 0.48. However volume has picked up today but that is probably stop losses kicking in. Should VAST not recover and slides further down will reflect the utter ineptness of AP. But he has news to deliver and it better be good albeit 0.60 will be the ceiling again I'm sure.
Get the T2 monies for a spike so one can escape this dog of a share and 5.8bn shares in issue with more dilution to come early next year I fear for sure 'cos that's what AP is good at .
Arent we missing Q3 results as they were issued last year 16/10/17
Im disappointed because Ive expected better as AP had promised when he took stewardship but so far that has not happened for the shareholder for now three years.
AP needs to get a grip and in future get money then projects
Almost at 0.48 maybe next week and if quarterlies are bland or poor as I said into lower 40s without doubt. No reason why figures would be bad but very odd they have been delayed and not used to bolster sp and get a higher placing price.
AP seems to me just focused too much chasing rainbow treasures at the expense of shareholders and I dont care about the bargains. Too many projects and no money. The eventual (hopefully) arrival of T2 monies will only now cause a spike to maybe 0.60 only for a drip down again. Surprised no mention of a lowball t/o maybe if all these assets are so promising.
Essentially we have moved on from the waiting for the (anti climax) BP Licence to maybe Marange diamonds rescuing VAST but somehow VAST has the habit now of snatching defeat/deflation from the jaws of progressing/success.
AP to me seems to have screwed up since taking Office as the sp has merely been stagnant or of late dropped as clearly he has yet to prove to new investors VAST can pay/exploit all these promised goodies.
The placings were expected but not the recent one at such a piss poor low sp. Poor forward planning has been his achilles heel I think and although Im stuck for now with remainder as I hope for a recovery back to 0.63 I have downsized quite significantly fortunately. Very disappointing the fact despite the lauded BP licence the VAST BoD have failed to instigate an immediate plan with funding in place instead shareholders are having to endure yet another drawn out wait with delayed quarterlies, expectancy of news which historically now tends to be a complete anti climax.
Should the sp ever go blue and only reach that ceiling of 0.65 I fear a huge sell off and VAST will continue to be at the mercy of this cycle and providing the more hardy (yet must be totally exasperated) long term holders of any profit of note.
Its a dog of a share now for sure all 5.8bn shares for scant reward in 3 years with hindsight.
.50 is a plateau but 0.48 is the target I reckon any lower will mean quarterlies or something material has been poorly received.
Where are they? Surely AP doesn't do them on his own. If this is a case of holding back disappointing figures and hide with some good news that wont work as all and sundry will see through that. Im thinking if they were good figures would have been issued by now and may have given a short term fillip to the sp.... maybe prior to the placing.
And now we have to wait for 180m shares to go through the wash at such a poor discount.
Despite watching that generally upbeat interview of late and this news that the market doesn't know about yet is making me even more nervy. Im sure the Market is aware and with 5.6bn shares now floating around it will take something monumental to get above 0.70 now which one can only dream about.
Incredibly despite the list of assets and news to come this has been a very disappointing year I think as the sp has not budged much and next year ?? Make or break for AP methinks and yes Ive sold a few last month and looking for an exit now sadly as I am convinced something not quite right here but hey ho for now Im trapped until this goes blue for a few days sometime this year hopefully
however the Chairman forewarned 'us' it would be coming to fund the prospects re diamonds and initial seeding? Anyway more confetti but seemingly not as much as could be requested. Nevertheless a bit naughty at that lower price and clearly misleading shareholders in my opinion regarding the delay for T2 as that was supposed to be immediate as per Chairman's comments but delayed by administration so some equity participants get cheaper shares in meantime.
Starting to doubt AP and his support for shareholders now and the only way he can regain trust I reckon is announcing (and already aware of hopefully) that Zimbabwe will be renouncing the limit of transferring funds out of country and hopefully a bonus for VAST re Marange.
Additionally quarterlies which I now expect on Monday need to be very good. Plus the T2 monies are drawn within the next fortnight. This delay should have been known by the BoD yet they seem surprised.
A concise plan of action also to be incorporated in the quarterlies revealing BP mine can be exploited by end of Q1 at latest plus the new trucks and machinery now delivered to improve profits next quarter report.
All things expected and promised now need to be delivered asap. Then a consolidation.
So over to AP and deliver
But sadly it is the old VAST and its funding issues that (plus the general Market jitters re World growth concerns) are causing this nearly 20% drop since those halcyon days of .64 a few weeks back'
My sole comments will have no desired influence on the sp whatsoever plus the fact my average is .63. The problem I see with AP is maybe he is a swan during the video interviews but hopefully not a drowning duck away from the screen with so much to fund and timetables to satisfy.
Concur totally with 2p earlier comments. No money fundamentals mean nowt. Dilution is very very offputting so T2 much needed soon plus excellent quarterlies. In meantime my target of 0.48/0.50 maybe this week certainly next. Week after dependent on news.
The old VAST returns with its funding of its assets headache to haunt shareholders for the time being.
is it just me and maybe one other tha'ts getting a tad nervous with regard to the drip drip down of the sp yet again just like those Crede days two years ago. Simply no trust and impatience maybe responsible as this share is held in the majority by pi's who unsurprisingly have lost patience and fed up with the lack of reward to the shareholder despite all the huffing and puffing by AP.
Destined for 0.50 until T2 arrives then a spike methinks. The fear(and history) of VAST is the drop in sp due to the snail pace of progress and when the news awaited finally arrives after agonising delays or missed deadlines the sp merely rises back to past levels with no momentum to continue to rise. It's as if AP needs to constantly produce rabbits out of a hat to keep VAST above 0.55. Seems to me that to get VAST beyond present doldrums/deflation the BoD will need to get compensation of a significant amount re Marange to kill off placings and speed up the Romanian mining revolution as nothing else is working so far. Or is it just too many projects and scant reward to date which is not impressing the Market investor