Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
We should get some RNS in the next two weeks, at least annual results.
I suspect that if Finance is not here soon we will be entering into placing territory. Start Baita production this year is starting to look quite improbable, looking at some items with 8 weeks delivery.
I have read many times in Twitter that AP is in Zimbabwe, not sure if is true, even if he is there not sure if he will be able to close the deal.
Don’t know what is going on with the SRK report or if we will find out at some point, or about the swiss bank.
Lets see if AP/VAST deliver anything substantial before year ends, not a good year until now.
If VAST needs to release any price sensitive information then how is possible than SRK reports has not been release yet?
Maybe Reports are not good enough.
Maybe Reports are Good but need some drilling for confirmation, will be months away yet.
NOMAD doesn’t allow it for some reason.
NDA with possible Financier and we are waiting for diamonds to Finance everything together. Not sure if this is even possible.
I have read in Twitter some comments that they reflect the expected value. This info allegedly coming from VAST, nothing official though so just for the believers.
Any idea??? A bit annoying the company said that they will release this information, they don’t do it but they don’t say WHY either.
" I have heard market will be updated soon and everything is on track."
When did I hear that before? :-))))
FOOLS. Hope that the next update is not to say that everything is on track but for notify on closure on Finance or Diamonds. Minimum SRK.
Worth remenbering also that we already have had another placing after that 900k for "immediate strategic operational requirements in Zimbabwe", go figure what that means. Remember they only can place shares for zimbabwe, so they need to say that.
Lets see if they make another one in september what is the excuse.
Exactly 4 months since Swiss back term-sheet so IMO I suppose that we are allow to think that this is not an option any more despite they saying that they would need to update the market if is a no.
Another Finance options were conditionals to the Diamonds and here I believe is where VAST is stuck now. If this is the case then we could we waiting for a while depending on ZCDC and Zim gov. The problem also is that Baita could be put on hold or take it to production through dilution.
All IMO
SRK Reports
Finance for Baita
Diamonds road map
Placing in September?
Loking at the presentation of Baita, some parts that need to be ordered and arrive end of october take up to 8 weeks. To be able to order these parts to follow the schedule VAST need the Finance sorted out yesterday.
Castaway. Most people here are not complaining about the diamonds not coming as everyone understand governments works at its own pace.
But Finance for Baita is another mater, or should be. We have been waiting months and "No news is good news" well let me disagree. If we don't have news soon another placing will come.
If AP is waiting for the diamonds to finance all together then is taking a gambling with shareholders money, again, as he did with Bergen. If it comes it will be great but as long as it doesnt then we get dilution every 6 weeks more or less til we get the diamonds and that could be weeks or months, if ever.
Also still topping up whenever I can.
Angus. Agree with you in this one :-)))
James Campbell just posted an article that is very old, everyone is taking this as news coming. ????
The small rise seems to me that is, again, just some twitter guy with a lot of followers that are taking the punt after the guy comments like " If what I know is coming this will go mental". If we have few days with no news they will start to sell. A lot of small orders in the last days.
Truth is that AP is very active in Twitter in the last two days, just liking the comments of the usual rampers. Maybe news coming or maybe adding petrol to the fire.
Hopefully we got some news in Finance soon.
GLA
2p. Quite right
That the Finance has not been achieved yet is something that worries me. If Baita is half as good as AP says and is to start production in 4 months or so after Finance, how is possible that they have not achieved to close it yet?
We got the Licence (10 months ago)
We have sold PP to reduce the debt
SRK reports
Carlingford & New CFO Financial models
Still nothing but dilution for shareholders and SP in free fall.
It didn't take so much time for Anjin or Alrosa.
Anyway I would be happy if AP could close Finance for Baita in the meantime and stop the placings every 6 weeks. We have been waiting months. Mercuria took half the time for the same amount of money.
You could be right but AP specifically said that SRK report was not necessary for the swiss bank. Its main purpose was to get Financial Institutions buying on the open market, a way to increase the SP and bring some Institutions on board.
I don’t know if the report has been passed among possible investors or not, it could very well be that this was the trigger for the II that took the last placement, I mean if didn’t forward sell the shares before. We will find out at some point.
APs comments are always the same : soon, shortly, ... even when he doesn't know. We learnt this very well when waiting for Baita Licence.
Diamonds depends on ZCDC. I would be happy with the Finance of Baita and SRK reports.
Anybody knows if AP has any flight booked to Zimbabwe?