RE: Diamonds8 Feb 2021 14:20
Was that an echo? Again. Sure that's the same one now for a year.
People could save themselves some flac if they just stop using words like imminent or terms like any day now/weeks away. I mean. Nostradamus said threw a lot of stuff at the wall so some of it was bound to stick.
Fair enough if you genuinely believe that but when you've been saying it for month after month I do have to start thinking about Einsteins definition of insanity. That or credibility.
I have faith that VAST will deliver the goods and the SP will rise to reflect that but when and to what degree? God knows. I just leave my holding, with an occasional average down, to do it's thing which is likely dilution along the way to ramped up production and then there's the inevitable question of when is consolidation going to become a factor for serious consideration and will it be 10 or 100 to 1 and what state will the company be in by that point.
If Lucy ever turns up. Awesome but the market is sceptical given the BODs track record and Zim's, which to be fair is out of the BODs hands but needless to say there is a lack of sentiment and trust. Specifically, imo, when it comes to VAST and diamonds. I personally would advise against investing on the basis of diamonds at this point in time. But what do I know, I invested here because of lusting after Lucy and getting a jolly good lesson in being spiked so maybe I'm biased.
However, on a fundamental level. I would advise a cautious investment here as we have BP up and running, forget the sideshows and keep the BOD focused on what can deliver us, as shareholders, some profit. Too much trust, time and capitol has been wasted in Zim by this point so I would argue that as shareholders our number one concern and priority should be getting BP ramped up. Especially given indications of a metals super cycle starting to gain traction. The sooner we can get producing copper +credits into that cycle the sooner we all benefit.
So please Mark, for the sake of your own investment. Tone it down on the diamond front. I don't think it's helping your investment.
GLA.
PS. I agree with xcoder. Even if AP does not appear overly concerned with his BODs reputation I imagine the NOMAD does. Plus wouldn't such a thing put the BOD and NOMAD into legal hot water? Not a place anyone but the big players like JPMorgan are comfortable.
PSS. (Sorry not sorry) Still annoyed with metal prices the more I read. Fines should be % of a companies annual earnings as opposed to amounts. Let's see Morgan sell his shareholders on continuing the paper musical chairs when 25% of earnings dissappear with a threat of 50% for repeat offence in a ten year time period. That or actual prison time for those on JPMs metals desk. That'll sort 'em right out.
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