Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I always understood Manaila as a plant with a small benefit or no benefit at all till new Carlibaba plant was installed and eliminate the cost of transportation to the plant, this cost being 30% of running the mine.
Benefits also linked to copper price which soffer a big decline.
Am I right thinking that we did pay back more than $2.0 millions to SSGI?
Angus. Has been a while that I don't listen too much what AP/VAST says but instead take a look where we are.
We are going to see if Baita is as good as AP says, important DD going on so if we get finance it will validate IMO what AP has always said, Aladdins Cave, and it will has been worth the wait.
Diamonds. Several news in Zimbabwe acknowledge VAST as one of the four companies and that a definitive contract could be agreed this month. That is not AP saying it is in Zimb. News.
Debt highly reduced, new Finance team and lean Balance sheet should help to bring new debt if the assets are worth it. Also possible to see some Institutional Investor this year. We will see.
People seems to forget that VAST is an AIM company (risky), investing in mining sector (risky), investing in Romania where not many companies dare and in Zimbabwe that is a mess (risky, risky, risky ...) ... But what could be the rewards if we get Baita in production, money for Carlibaba plant, Diamonds final signature, Blueberry JORC and IPO, Zagra inspection licence, ...
I understand people piss off, as am I, but I have read 100 times more BS in this BB than AP could have said since being CEO.
Next placing very soon but I suppose that they will try to wait, if they can, to some good news. After all in different Zim. news we have read that we could get confirmation for the diamonds in mid May.
Wishful thinking maybe.
More posts in this BB from people that are not invested and think that VAST is crap than from Shareholders. You have to wonder what is going on, I honestly believe that they are loading cheap shares.
I suppose the mentality is that They have sold at a lost and they hope that this doesn't go up .... Before they buy in again...
Some are doing so well in another companies that still are posting here :-))))
GLA
Good point Mustang, aslo can bring new licences owned by another communities. After all the communities don't have a lot of companies to choose.
I don't know if VAST will get the final approval or not, not sure what are the problems that VAST will find but there are only 4 companies allowed to mine diamonds. What I mean is that if VAST does things properly there is a good chance for expansion in the diamond sector, supported and encouraged by the government.
No matter how big is a lose in any stock if someone think that SP won't recover would sell.
IMO anyone that is still holding shares is a believer in VAST Future. Moaning is just a way of venting the paper loses, some of us do it for a couple of days and some for a couple of months.
Many good points have been made here in the last 2 days.
VAST has suffered an important decline in the sp plus dilution that has result in important loses for nearly all of us.
The interesting thing is that it has happened during a time that VAST projects are getting closer to production and the Financial situation is getting stronger.
IMO VAST Future looks brilliant.
So everybody seems to assume that we are going to have a placing in few days. I thought that VAST grabbed some money from PP sell that is already outside of Zimbabwe. Also the money that is in Zimbabwe from the sell should cover some of the expenses of Zim.
Real possibility of getting some good news about the diamonds this month.
Any news from cornerstone investor? Maybe this month?
Hopefully next placing is not as soon as some are expecting and could be at a higher price.
Sandy. I envy your patience, I just top up whenever I can. Probably yours is the best way though, at least from the point of view risk/reward.
I believe that there are plenty of potential investors in the same situation than you, waiting for certain news that will confirm, for them, that VAST is in the right path.
That is a good question.
In my opinion:
SP could be 0.0p if we don’t get any finance, the good thing of this scenario is that could be quite soon and end the pain for some here :-))
SP could be 0.6p if we get finance for Baita and in production, could happen before end of the year.
SP could be over 1.0p if we get Baita + Diamonds up and running also before end of the year. If diamonds are very productive then during next year could sp be higher
If you have a wild imagination and looking to hold for years then you can add:
Carlibaba New plant
Blueberry IPO
JV Zagra with a big partner(of course)
3 or maybe 4 why not? Remin mines
If diamonds is successful for all parts then is fair to assume that we will get more licences
Maybe your 5p are not enough.... with 10billion shares 5.0p would be 500 million mcap. Unthinkable, for now :-))
My opinion is that Baita Finance will come and we should start to see some increase in the sp when we are close to production (end of year), if diamonds come then that changes everything.