RE: Fantasy11 Sep 2020 13:31
Baits, that question is so old and has been answered many times.
The problem with VAST, AP, RP, etc is that they never focussed on one asset. There was always something better to go after. It ended up selling the mine in ZIm (at the wrong time), no progress on diamonds (which was always a challenge in ZIM) and then not doing the proper DD and preparation on BP (leading to promises they could not keep and more dilution), trucks paid for that never arrived, placings for Zim that were never explained. One can keep going. Recently all very well outlined by GKB47.
If they had just got 'Alladin's cave' into production (as it is soo good and we have had the license for a long time now) and when the company had then stable footing due to production (AND profits...) from that very rich mine (promises...) they could have then moved to other targets. That would have been good management and that should be expected of a good CEO.
Unfortunately, AP is only going after deal after deal without properly finishing one. As I have said before, he is not a CEO and never will be. He is a deal maker, and I am now of the opinion that he is not very good at that either.
THAT is what I have said many a time and that is what would have made VAST into a midcap mining company. We would have all been happy.
Then VAST would also have the credibility to go to normal debt finance providers instead of the death spiral finance we kept seeing here and that is also what would potentially give the ZIM government the confidence (or pressure maybe) to move forward with Vast on the diamonds.
Anyway, we are where we are now, but as you asked..
Hope that helps.
MS