RE: Vast19 Dec 2022 09:45
From the other board:
"It would all depend on the grade. The numbers vast have given, is just a guessing game. But it's clear vast are growing a lot every month now. It's very important that vast have plenty of excess capacity on the milling side. Looks like they are only using 50% of the milling capacity at the moment.But we can see that grades are growing, along with copper concentrate. Milling is also growing. From what we know, this growth is set to continue for a long time to come.This growing revenue will be a massive plus when they are having discussions with the banks for new finance and terms. They will not have to show that they are making a profit or breaking even to get finance. Growing revenue is the main thing banks will look at. Also when they forecast to be profitable. The timing of when the near term finance is due to end, is about the same time vast have forecast they would become profitable. People can make a point that this finance they got to replace Atlas was only for a year. Well the timings will show that, that was the optimal time they would have needed.Looking at the noise being made by those that appear to have a general hate for vast, regarding a placing. Well it's not been rocket science to to claim a dilution was coming. After the banks refused to loan, now was it.But with þhe money they have in place now,along with the rising revenue coving more and more of the daily running cost.I see them having more than enough to get to the where a large finance package is approved buy a bank.I don't even see them joining this consortium for the REM asset if it ment them having to go to the market to finance it."
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