Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
So you can’t answer a simple question
What about this one - was Trump (or every other President) elected as president, bound by the Constitution and Federal law, or was he elected as a god-like character who doesn’t need to answer to anyone else?
CFD ‘Let me ask you please what do you think is a fair mcap based on the operational assets?’
A perfectly fair question and one every investor should be asking themselves
However, as has been the case recently, we have no upto date cost information - although Sandy has eloquently argued in the past, iirc, it’s probably around $850k to $1k per month for Baita plus not trivial topco costs.
We then have no revenue figures to speak of - the details of the offtake deal with a Mercuria are still unknown
So, to sum up, who knows!
The last accounts, now way out of date, ascribe no value to any other asset apart from Baita and if you use the figure that the ‘independent’ board members used around two years ago when AP was forced to offload APMGs 20% hols over Romanian assets it equated to around $24M (I stand to be corrected on that, as it is from memory)
So if I had to pick a figure it would be that - but that too is now historical - all the $100m figures that are quoted via twitter are cowslop, with nothing to support them
CFD , which should be the highest priority of a CEO?
Keeping the lights on
Or
Creating returns for shareholders
Tbf, AP has done well at one, but, ahem rather disappointingly at the other
But without the first one, the second can’t happen
What continues to frustrate is that so many of the recent placings have happened in two tranches, the first one allows ‘holders’ to forward sell while ramping the company, then the placing RNS arrives, then remaining PI have to deal with the overhang
That way he keeps some people happy, who then keep him in the job
Check dates in recent placings and see if my theory makes sense
Edd you truly are a business genius
Manaila has been in care and maintenance as it wasn’t making a profit
Blueberry (you love mentioning Blueberry) hasn’t even had a resource statement published that was paid for by one of the many placings, never mind any actual mining infrastructure
Zimbabwe has been a basket case for many years and as yet, we have no numbers to prove that the current JV in TJK is actually producing any revenue, never mind actual profit
Perhaps you could draft your new business plan and send it to AP - make sure you use a new box of crayons
Sandy re your 10.17
‘a stable step up in the m/cap will need to be driven by actual operational delivery. ’
- oh how true, and has been the case for years, but a fact conveniently overlooked by the many soap opera script writers that have appeared on this board
And again totally agree re the use of headroom, it will get granted- self immolation not to, and it will be used - what’s the betting it will again be in two tranches, so insiders get a chance to flip before the majority of the overhang appears
I believe you’re also close ti the mark re part payment of Alpha/Mercuria, lump sums to both (somewhere in the region of $1M to Mercuria and $1.5M to Alpha (bullet interest plus rollover fee/penalty))
The time bought, will slightly increase VASTs negotiation situation re acceptable tender offer, but that timeline is ultimately still the gift of the Crocodile and delay suggests a sizable chunk of quid pro quo for it to start moving
Regvarny “no quibble loan extension?
Are you deliberately trying to mislead?
The last official communication says an agreement hadn’t yet been agreed and signed
You can dream all is well, but until it’s in black and white you’re in fantasy land
From the company RNS…
As announced on the 16 May 2022, the totality of the debt owed to Mercuria and Alpha (currently approx. £7.3m) was due to be repaid on or before Monday 15 May 2023. The Company is currently concluding documentation regarding an extension to 30 June 2023 that will allow the necessary time to finalise the settlement of the historic claims in Zimbabwe.
So 20 days ago it was considered material news that AP was in Zimbabwe - after all it had its own explicit paragraph in an RNS
So, as VAST have not similarly stated he has left with empty pockets, we must assume he is still there - nice holiday on shareholder cash?
Lostsoul - garbage
Your link is 12 months old -VAST didn’t have the cash (quelle surprise)
The rise in BOD is they recently started commercial mining of the Marsfontain diamonds tailings (massively profitable diamond pipe)
Then they are moving into their own ThornyRiver project (similar geology - extension of the Mars dyke system)
Got sweet FA to do with VAST
- keep scrabbling away though - it’s funny