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It is my understanding that the SRK report will not be issued in full due to cost, it was always meant as an internal report (apparantly)
We are however expecting an updated broker report which may use some figures from the SRK report to help back up a new valuation for BP.
I'll be shot for saying this but I reckon we are in line for another placing very very soon, as someone else has already pointed out this is eerily similar to the previous one.
The volume is up, the rumours are being spread, the ones in the know are dumping (odd large trades) and will soon buy back at a cheaper price.
Oh and Cast, AP only delivers shareholder ruin and dilution, you should know that.
Very quiet here considering the madness that will happen tomorrow, I only have a small holding but I'll enjoy the relist. Best of luck all whether you are in or trying to get in.
Unimportant? You do understand the effects on dilution to long term shareholders? extraordinary choice of words.
And as for a placing I fully expect one in the next 2-3 weeks, cash burn is far higher than 200k per month based on the timelines of the last few placings, the electrical cabling cost is 200k alone (which are generally payment up front in full) and SRK is apparently 100k (again up front payment) so not long to go till AP comes collecting yet again.
Dodge, any chance you could share the info/figures you received about HC, it might sway some peoples opinions here toward the positive mainframe (myself included) we could do with something to take our mind off the misery.
God help any prospective new investor who looks at this BB, well done all you most likely have scared them away. For God sakes will you all let it be, yes we have been screwed over in the past few months but it's done. No point in going over old ground, look to the future and the potential that is there. It might not work out but let's see. God speed.
Not a problem. If you are new here I suggest you settle in for the wait, Vast has historically taken an inordinate amount of time to get things across the line ie waiting on the BP licence for 3 + years. We need lots of funding to develop our assets and are currently working towards this. Best of luck and prepare to develop a level of patience known only to shareholders of Vast.
It is irrelevant how many posts one has, I have been a shareholder in vast for a long long time but rarely comment. The news today is just another step (in the right direction for a change) and will take time to complete, as these things always do. As Sandy points out the diamond signature is important and hopefully is more near term. I would be surprised if the swiss bank funding comes through by end of may or mid june, we need to have a GM and the dreaded lawyers will need a few weeks, after all it's a loan of 10 million dollars, almost 2/3 of our market cap. Plenty of DD to take place yet. So a definite no from me with regard to a "bag" this week. Now can you please outline your reasons as to why Vast will "bag" in the coming days, considering your post count is higher than mine and therefore your intellect?
The only likely outcome from tomorrow is the resolutions being passed for yet more placings. I wouldn't be holding my breath for anything beyond that. I'm not expecting any news regarding Marange/Offtaker/Cornerstone investor etc for many weeks yet. All the while BP lies there and Prelea spunks cash into a third world country on a quest for shiny things, like a magpie.
Great end to the week, happy with my top up at 54p earlier in the week.