Excellent Post from peterpowell21 on advfn today7 May 2023 14:35
Peterpowell21: So l also have the trolls on filter. I found no good reason to waste my time reading their negativity. So many months ago I filtered them. They are a desperate few people, posting under many different avatars. I found they strange that they never found any news positive. Always negative.They constantly refer to dilution. Which is the only real way a company in Aim can get their hands on money. One of the other points they highlight is the charts. Look at the charts. They are in the 99%down club. Yes they are, but there is a very good reason for this. One being that mugabe stole the asset that that was clearly going to make vast , along with trying to steel the diamonds vast had In storage. Which very soon the diamonds will be returned, along with what looks like a return of the asset. Wile all this was going on vast had to reinvent itself. They were basically starting afresh. Very hard to do after what had been taken. Some time later AP arrived and introduced the company to Romania and BP. So starts the process of getting the production licence, as with every country in the world this takes many years. Along with the costs associated with keeping the mine in a good state of maintenance, that included the costly exercise of keeping the water in the mine under control. After this phase came the refurbishment of the mine and the wash plant. Along with a lot of new machinery. Then came the start of production. The ramp up. All this going on for years, with no help from the banking sector. While also reducing the debt.So it clear today to understand why the charts are so bad. But it is now clear to look at those same charts from the new year and see a reversal in those charts. Yes it's easy to point out that this company would have lost you 99% of you mony from the highs. But any one buying from the new year would be up over 300%.So there is the reason for the decline here.We are yet to have the diamonds in our hands, what we do have is a court decision in our favour, along with a court letter, telling the ?bank that are holding them in safe custody, to return them back to vast, the rightful owners. The return of the asset is still a unknown. But with BP now ramping up nicely, and a new asset in Tajikistan about to sell its first concentrate. It's clear to see why we have a reversal on the charts.99% down over a decade, to up over 300% ln four months. Just to mention in those four months , there has been two dilutions. You can make your own mind up if you think that is good news or bad.