The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Should be in the next couple of days, it was said by the BoD Monday or Tuesday, I believe that they didn't specify the week though.
Maybe it won't come till we get the money in the bank.
A bit sad the way that they treat Shareholders ...
Anyway interesting news ahead, hopefully before Christmas.
There are good news to come that should push the SP higher:
Signature of Finance deal
Signature MOA for diamonds
Zimbabwe Old claims news
Broker note, don’t expect huge impact
BP update once finance is in place
All these news hopefully before Christmas should push the sp higher, how much? Who knows. Also worth noting all the large buys, maybe some Institutional Investor is taking a position and we could get a TR1.
From there will depend on how VAST can get the assets to production: Time to get both assets to production, avoiding dilution of the finance package, avoiding more placings, etc.
If VAST can get both assets in production as expected, without major Finance problems, in one year it would be a complete different company. Things seems to be falling in place for this to happen.
GLA
Indeed. Always good to hear that ZCDC are looking forward to close the deal, confirmation from a different source than VAST that this things take time, all the time that politicians require.
Not a lot to do, in the meanwhile we should get some update in Finance and Baita soon.
Diamonds signature will be welcome anytime it comes but we should be getting the Finance to take Baita to production in a matter of days, this alone should hold the sp if not give it a push.
Ah .... I am talking about VAST :-))))
JS490 & Piker Many thanks for your explanation about the deal, I believe is helping a few of us to understand it properly.
I don’t agree with your point 4 piker :
“4. We mustn’t forget the 1.2 billion warrants Atlas will have, which based upon their form with other junior miners i.e. BMN they’ll convert, not hold. Those warrants will IMO have a drag on the SP between now & April”
Just last week we have had days with massive volume, the total volume was over 4 billions for the all week with 2 days over 1 billion. So I think that the market will absorb easily Atlas warrants, more so IF we get the Diamonds signature which will increase the volume considerably.
Not sure that they will not find refinance. I assume that you are talking about Piker example of repayment of debt $22 millions assuming sp of 0.7p.
The $22 millions equal to £17 millions but a sp of 0.7p equals to a market cap of more than £70 millions. Worth noting that in 6 months VAST should be starting production in Diamonds and Baita, allegedly. The debt may treble but VAST will be a more derisked company than now.
It is clear by now that not many Finance oportunities will appear for VAST until has a clear path for cash flow.
You should be able to see it in the website
http://www.vastplc.com/investor-information/document-downloads/
Gbjoe. Yes, no income and willing to risk the money of the loan in Romania and Zimbabwe. It is a high risk play for everyone: VAST, Shareholders and Atlas.
Maybe some people was expecting that AP will get a loan with a 5% interest in any Bank
Fantasy. I have been here before AP was CEO and yes I have seen the dilution and poor Finance management.
Finance is not only for BP, is also for the Diamonds. Poor finance deal yes but I wasn't expecting anything good. I did say many times swiss bank was out of the cards.
I acknowledge the risk of possible dilution and I look at the Potential of getting Baita and Diamonds in production.
So, Am I right assuming that ... ?
we got Finance for the value of nearly 40% our market cap
Finance enable us to Start Baita production, finally
Finance enable us to sign Diamonds, it seems that is the general consensus here
Finance (hence) enable us to get back something from the old claims, 4-6 millions?
Max dilution could be up to 12% our market cap (Warrants)
Production Baita and Diamonds will start Q2 next year
Cash flow and hopefully benefits.
I will hold for now ... Please, correct me if I am wrong specially with the Finance deal and dilution.
The Finance is bad as expected, and yes it will bring some dilution and interests to pay but enable VAST to move forward.
Short time punters and Volatility go always together. After a big rise people will take profit.
Take a look at weekly chart instead of an hourly chart and you will see that we are not doing so bad or at least better than at 0.11p.
IMO if you are more an investor than a trader then time is on your side if you are invested in the proper company.
Everybody brags of how much money the make but just a few comment when they lose