George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Ifiknewidberich9, If you're keen to lose your £10K, invest in Vast. Look at the 5 year graph, the massive rise in 2021 was a 100:1 share consolidation in April 2021 and look at the value of the shares today, the share value is back where it was prior to the consolidation. As I have said before here, better to invest your money in a unicorn stud farm in Narnia!
"Vast also said that to facilitate the fundraise, it will propose reorganising its share capital so that there are fewer ordinary shares in issue." This sounds like another consolidation is in the offing...the last one was a huge success wasn't it? I'm sure many long term shareholders like me will remember painfully. My advice to any prospective shareholder: AVOID AN INVESTMENT IN VAST RESOURCES! The share should be renamed Limited Resources!!
Another consolidation! I'm still reeling from the last one. It makes a respectable looking share price for a while until this no hope Company trashes it again. I'm so far underwater I think I must be in the Mariana Trench! Never mind, it's worth it to read all the crazies in this chat room with their dreams of industrial diamonds! Sadly the "Opinion" that I hold about these shares isn't in the drop-down.
If you want reliable returns, invest in the Footsie 100. This is a penny share punt, it's more like a lottery ticket, except you are less likely to lose your money immediately, just slowly over time. If you want a completely crap mining company try VAST! We are all in it for the adrenalin rush when the share price spikes and you plan your visit to the Bentley dealers, shelving those plans when the SP crashes and burns as it normally does. It's nice to dream. Good luck to my fellow POW share holders, I have a good feeling about this company, I just have to live long enough!
I'm planning a unicorn stud farm in Narnia. Looking for investors...I think I might get lucky with you lot!
In my opinion, as a long term share holder since 2019, before a 100/1 consolidation, the Vast bod are not to be trusted. My holding of 332,443 shares was reduced to just 3,324 in May 2020, admittedly at 100 times the then value of about 0.0016pps i.e. £0.16pps. Thereafter there has just been a continuing decline in value back to less than $0.0066 (current value). Now there's positive and somewhat nebulous news about diamonds in Zimbabwe once again, lots of hype no doubt followed by another consolidation (to make this dismal share price look half respectable). Then nothing and another decline back to just above zero. Just another AIM investment con I think, there are so many exciting ones to choose from. So, new investors be warned this share is just for a short term gamble, it's not a solid long term investment. I still have my holding and live in hope of great riches to come along with marrying a lingerie model and living happily ever after!
Many thanks Westo3 and JNJONES for your posts. It looks like a time to hold our nerve and trust that things will improve. Vietnam seems to have much going for it and it is still a "Frontier" rather than an "Emerging" market. If and when it gets upgraded it should boost international investment interest.
Sorry, I missed this story. Is this the arrest of a real estate tycoon over suspected fraud? Is the firm part of VEIL's portfolio?
VEIL seems to be falling in value month by month and yet Vietnam is benefiting greatly from the political situation in China particularly the friction between the US and China that many think will only get worse. Apple is now turning to Vietnam and India for the manufacturing of their consumer electronics, and where Apple lead others will no-doubt follow. I guess it is important that fraud is called out and should lead to confidence in a market that is lead by adherence to the rule of law. I would be interested to understand why VEIL is falling in value and whether this trend is expected to continue.
Many thanks!
Please can someone post the link to the video. I have looked all over the Tern site and can find the videos, many of them are undated and the most recent one is regarding an investment from Venafi, nothing regarding Pires.
Targeting the NHS, oh no!! The endless trials needed to get approved by each individual Health Authority has been the death of many innovative medical businesses. I have painfully invested in some of them, the last one cost me £48K.
When I see the NHS mentioned I want to run for the exit!
Does anyone know what the market sentiment is that continually drives the OBD share price ever downward?
Why is it that these message boards so often lead to yah boo mud slinging and insults when the comments don't fit others worldview? Not everyone that is posting is ramping or de-ramping shares. I'm a long term small holder of Pensana and I was just putting out my concerns about Angola for other readers to benefit from or not as they wish. It is a fact that through massive loans to Angola, China pretty much owns that country should they at any time have to default or reschedule payments. In the great mix of investment decisions that is one pretty big risk that is worthy of consideration. I will not be posting again on this subject.
As an investor, one needs to consider the whole operational environment to avoid nasty surprises. I don't think China has a problem in lending this money, if it is not repaid they will simply take over infrastructure like ports and mines, they have a track record of this. It is a key part of China's strategic plan to corner the market in REE and a wide range of other commodities to gain dominance over the West, in particular the United States. They are not offering these gigantic loans to some of the poorest nations in Africa for nothing. What's the saying? "Plan for the worst and hope for the best"!
Here is the link to the piece I found:
https://economictimes.indiatimes.com/news/international/world-news/africas-rising-debt-chinese-loans-to-continent-exceeds-140-billion/articleshow/86444602.cms?from=mdr
A word of caution, in case Russia's actions in Ukraine emboldens China to invade Taiwan:
Angola
China presently is a leading bilateral lender in 32 African countries and the top lender to the continent as a whole. The list includes Angola ($21.5 billion in 2017), Ethiopia ($13.7 billion), Kenya ($9.8 billion), Republic of Congo ($7.42 billion), Zambia ($6.38 billion) and Cameroon ($5.57 billion), ET has learnt.
This could be a major stumbling block to the extraction and shipping from Luanda Port should China become more hostile to the West. Therefore Pensana's plan of cutting China's dominance in REE could have a flaw.
Sorry Del44 my test e-mail to the e-mail address you provided bounced back. Should there be a space between account & fo? There aren't normally spaces in e-mail addresses and my system tells me it is an invalid address!
The best way is to phone them, answer all their security questions and then you can tell them how you would like to vote on both the Court and General meeting votes. I e-mailed them first with little success, phoning was instant...well it took about 15 minutes on the phone.
Just voted NO via Barclays Stockbrokers on over 1 million FTO shares held in my ISA. Let's just hope enough of the larger, small shareholders vote to make a difference. Was encouraged by other members of this message board so we'll keep our fingers crossed! The BOD have definitely contrived to weaken the share price by with holding the dividend for 2014 and putting out a very downbeat & depressing Chairman's Report. I feel scammed by the BOD. My wife always warned me not to trust the Chinese, it appears she was right.