Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
I don't think how is possible a placing at 0.12p. We are now around 0.16 that would be a 25% discount. We can go lower though but also higher. IMO At this price is already is at an important discount.
IMO we will get a placing at the sp close price of the day before or around but I don't expect that VAST gives a present to the people waiting outside. After the placement we still will have the same risk than now.
Let's be honest, some people is saying that VAST could go bust when at the same time saying that if it goes to 0.10p then they will buy back. That doesn't make too much sense.
B) Does anyone seem at all alarmed that $5m of additional money needs to be found just to release the assets to the new offtaker (which wasn't a problem before).
I suppose that you are talking about Mercuria T1 + 800k to release from SSGI.
A similar offtake than the one wit Mercuria, which I believe is what AP is looking for, will substitute Mercuria T1. The rest it will come from a placement. Nothing new here either, same debt.
E) Is no one alarmed that the cash flow projections released by the company show BP only generating 10,760 tonnes of cu concentrate, in the first two years when Manaila will also produce 7,288 tonnes?
There are two important points.
1. In the next two years projection there are 2 Q that are commissionioning the plant and then at least another Q to ramp up production. I believe that is old news.
2. Baita concentrates for Cu and Zn are nearly double than the concentrates from Manaila. The benefits for tonnes of concentrate is a lot higher.
So in reality Baita is going to produce a lot more tonnes concentrate and also with a concentrate a lot higher.
How do you know that all the new shares are not going to be enough to pay for Baita?
We still don't know the price that they will be placed, 800K is needed for now but the another placements could be at a SP a lot higher than 0.15p.
And IMO we will get another offtake agreement that will cover a lot of the expenses of Baita.
I am going to post this link here, I hope Lee doesn’t mind.
“Anjin” and the “Marange-Zimunya community share ownership” are not the same.
https://mobile.twitter.com/Leemorr80948488/status/1049600448636833792
Dodge maybe you are spot on with the 800k to pay SSGI, maybe even one of the reason that Mecuria left. I suppose that VAST was expecting Mercuria T2 before the end of 2018. Well I admit is a good theory.
TBTT I didn’t know that the Heritage Concession belonged to Anjin. I thought that all the licences that belonged to the 6 companies were adjudicated to ZCDC. I thought that it was the old VAST concession that it did belong to Anjin in 2016 when ZCDC took over. As you said Diamonds are a long shot.
I never heard that the Heritage Concession belonged to Anjin, is there any article that point to that. Thanks!
Not defending Castaway in this one but it seems to me that people are assuming a lot of things. There is no offtake agreement yet so lets wait and see. Yes we are in a worst financial situation that when we got it with Mercuria but now we got Baita Licence, we didn't then, and a proper plan to get Baita to production.
I am trying to see the historic of a poster here, I don’t have it filtered but every try it comes with an error that the page is not found. I can see the historic of everybody else.
Does it mean that has been removed from LSE?
Can anybody see teacup member information page?
801948778 I am not going to answer that because I believe is a rhetorical question, but I got one for you:
Is your name the number of the Samaritans? I have been just looking for it and it has appears, that should be a signal!
TBTT nobody can tell you what to do with your money or shares, surely not me.
I have seen your numbers and I believe that you are right and we are going to need this money to get Baita in operation, having said that we don’t need all the money tomorrow, placings will come a different stages and hopefully at a higher price.
If something, maybe VAST will need to offer a swet to get the money that they want from the offtakers, being a 10% or 15% of Baita. I don’t know even if that is possible or they will be interested but I believe that a solution will be found.
TBTT Yesterday you were saying to sell PP “At a minimum, I think Vast's 25% share of Pickstone Peerless (it's only fairly liquid asset) will need to be sold asap. ” now is to sell all Romanian assets.
I always appreciate your comments but ...
I agree that we are a very delicate moment but I am still holding as I believe that all the resolutions will pass and we will achieve another offtake agreement. So it could be that we get the right financing or not but if we get it I believe that the recovery could be a lot faster than people think, you only need Baita with the necessary finance in place and VAST sp will start to recover IMO, the mcap now is representing the fear of the cash struggle not the value of the company.
A lot of shareholders will jump in again if the finance get resolved, and the placing and Bergen position are more defined.
Dilution is not the fear now, at least for me, it’s more if the company will survive or not :-))
See, a lot of investors have sold awaiting for the placement and some of them, just by the comments read here and in Twitter, planning to come back after the placing, I mean if the placing goes right. I suppose that are expecting to buy a better price and with the certainty that the placing goes thru.
Today, and during last week, we have had plenty of people from this BB saying that are cloing their position here, but in the end all this shares are not disappearing just changing hands so we will see what happens.