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Minute compared to the 5.6bn floating around. Since July the sp has moved around 0.25 with the infrequent intraday spike thrown in. As yet still a dog of a share thanks to the crap decisions by the old CFO that I think still shadow VAST for long term investors and so hopefully the finance T2 will undo the tight reigns . In saying that I do feel a consolidation may be best now albeit Im not greatly in favour usually.
Also clearly holding back quarterlies for some reason which is never a really good sign as if they were good Im sure they would have been made public by now. Starting to query APs tactics here.
Clearly the last placing is acting as a stop gap whilst funds awaited though but why is T2 delayed? Hopefully not a reluctance due to future repayment doubts or some spanner in the works.
Gawd!!! this reminds me of when CREDE had a stranglehold and the sp slipped downwards each day. Almost three years ago now...oh memories memories.
Anyway AP and the BoD need to get a grip here and emphasise how quickly profits will be made and no more asset buys until then as clearly VAST has yet to impress other than the long term Vastonians on here .
Really?! The sp is exactly the same as 23/10/17 so VAST has not moved for the long term investor at all despite all the euphoria of welcoming an associated licence etc.
So for the private investor has gained little or nothing unless he/she has been able to trade between 0.48 and 0.67 over the last 12 months.
Does this mean VAST is that unloved now since its poor fund raising history, the countries or just the infant mining sector overall ?
Personally not convinced its the latter it is more to do with the countries and to a certain extent I feel now AP and the Board who have failed to ignite this company despite all this forthcoming 'jam' that is expected and understanding of those countries' procedures. So when some folk harp on about AP, indeed he has done quite well but not that well for the patient investors to date Im thinking. He needs to up the anti asap and Im a bit annoyed I couldnt get to the AGM as I would have pricked his ears personally just to remind him some folk are not happy with the progress regarding VAST as an investment to date.
Better come up with good results and a stonking plan/strategy that happens this year that can transform VAST as getting to .80p seems too much to ask even now. Yes, Im patient but this has dragged far too long to blossom
Well after that wait for that bleedin' licence its come to nothing. Even with some cash now after the small placing VAST cannot exude any confidence from the Market at all. The distrust of Zimbabwe and sloth progress of Romania linger I think and proof of increased profit and delayed T2 (where is it?) not helping.
I bought more recently on the expectancy of the Licence but now deciding to offload again gradually breaking even as something clearly is spooking VAST's sp and if the quarterlies are bland and reveal any hidden problems I fear a 10% drop for sure.
Seems to me also the BP Licence was priced in with hindsight and what is awaited is the profit BP mine can generate asap and that wont be known until next year so another ' maybe' reason for the jitters.
News from the AGM is a bit lacklustre too so seems an abundance of more long term patience is going to be required again.
yep pretty much all on the same wavelength here as to why VAST has yet to blossom and is still stuck in the mud. Indeed the forthcoming AGM will cause a reaction but for now looks like .585 ~ 0.62 range ...who'd believe it six months ago or even one month ago!
Maybe one day VAST will do a famous GKP like transition way back when it announced a placing at 9p then produced the goods/market believed jumped 500% and days later went to £1 ......VAST jumps to say 3p after placing ..nice dream/thought !
Im thinking the sp is being restrained due to the following reasons:
Zimbabwe its troubles and restrictions...so today's announcement although great is meaningless in the present atmosphere re financial troubles in Zimbabwe.
Funding/ VASTs cash position albeit Tranche 2 would act as a safety valve shortly but the fear of 850m shares being releasedI still think is causing a barrier to new investment.
The speed at which BP Mine can start generating profit remains a bit ambigious.( Well it does to me so far until the plan is outlined).
Its still a bit jam tomorrow until the above is clearer and confidence sets in.
Pitiful if not woeful volume now the much awaited heralded Assoc. Licence has been granted. Im sure its because the Annual accounts showed VAST is cashless practically and new investors and additional confidence want to see Tranche 2 and confirmation of placing the latter I still think is holding this back as well as the billions of shares that have to be traded now. That and Zimbabwe as a red flag country to avoid may also be a deterrant to the investor.
So essentially I think confirmation of no imminent placing, Tranche 2, Marange /Diamond policy works very much in VAST's favour and BP schedule reveals a quicker turnaround than expected.= spike and above 1.50p permanently thereafter.
Not unsurmountable targets
The Licence money was paid (I thought) two years ago and held on an Escrow account as it was one of the stipulations.
Lets hope its at0.64 again then. Celebrating yesterday to fury tonight thats VAST for you!
must be as the Market isnt liking the news and it looks like 0.58 or less which would be absolutely diabolical for old long and recent investors if that proves the case tomorrow. Licence in one hand and then taketh away the other at a dreadful discount. Not good at all if this proves the case and Im not expecting a sudden recovery as all the projects are months away generating income. This better just be profit taking !! Or news on Marange .
Gawd last week or so when I mooted the sp would drip below .60 if the Licence did not materialise I wasnt expecting the sp to possibly still do that WITH the Licence!!!
I am sure its the threat of a placing. New investors may not appreciate the assets but are aware of depleted cash having looked at the Accounts and clearly staying away...for now. AP I reckon could get away with .65 placing presently if that was the case. Needs to say something in his podcast if not already
Indeed its very disappointing after this incredible drawn out wait and exoense but this is a significant (80%) now owned asset which awaits its funding soon.
Other assets are listed below but to say VAST is only a market asset value of £35m is preposterous now.
not so much the sp right now as some clearly want out or derisk but seeing the tick against the BP Licence to do list below. Its done so well done AP for now however the fear of a placing until Tranche 2 comes in may also be a concern of course
IMO....J99MES tried to be witty with that retort but it was a poor joke. In fact pretty crap ...see what I did their J99MES
Anyway I assume this drifting in the doldrums will cease upon SOLO finishing their sells and we finally get a thumbs up on the confirmed Portland or even a hint of Kimmeridge flows (bit early tho')
Could do what AST shareholders did with the Slovenian Licence Office and bombard the authorities with emails so much it caused a minor international incident with British Embassy having to chase and liaise with AST and ARSO (Dept involved).
Seemingly has speeded matters up and is a similar scenario.