Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Rio o Debeers .... Aren’t you a tad optimistic?
If any of those companies wanted to work in Zimbabwe I am sure that the Zim gov will receive them with open arms and will give them similar conditions than to Alrosa, no need to partner with VAST.
https://www.proactiveinvestors.co.uk/companies/news/181334/vast-resources-inks-us10mln-funding-deal-for-romania-project-181334.html
I was remembering that VAST got quite a lot of attention following the assignment of Baita at the time. A lot of time has passed but the conditions now should be a lot better, SSGI did match this offer though and didn’t go forward.
Are still SSGI interested in taking a % in VAST?, is just a thought that rounds my mind, wouldn’t be surprised if they are interested in finance the Diamonds in exchange of some shares or directly take a position as shareholders.
JS490. You could be right but if the money is to advance work, which we were told that would not happen til we got the final approval, why don't put this in the RNS? Same as when money was asked for long lead items for Baita.
We all complain with placings but more so when you dont know where the money is going. Probably some will say that they can not say it, too sensitive information or something like that, IMO is not acceptable for any serious BoD.
https://twitter.com/vast_resources/status/1159452908003483648?s=19
I suppose is possible but that contradicts the word "Investor" of II :-) also is not what AP has been saying for months when he wants to bring II onboard, I thought that this would be for long term. Maybe his meetings with some SP Angel clients has paid off, SRK reports maybe help?
We will see.
I fail to see how any Institutions would accept VAST shares as collateral with the rate of dilution seen in the last year.
That is something that worries me, Romanian assets can be used as collateral to its own Finance. Carlibaba has a JORC and Baita was an existing mine and we are struggling to get Finance but Diamonds you can not get any proper data till you bulk sample, and you need money for that, so IMO it will easier for VAST to get a complete Finance package for all assets. There is nothing wrong with that except that we can not sign any Finance till we get the ZCDC go ahead and we don’t know when this could arrive.
If that is the case we could get few more placings till Diamonds licence arrive or we will get Baita running thru dilution.
Swiss bank can come or not, if is no then can take a few more weeks/months till we have the acknowledgement thru RNS. Mercuria T2 drag for months till we got the NO in a RNS.
The problem I can see with AP/VAST is that you can not relay in anything that they say, even what they communicate through RNSs where usually BS MUST be avoided.
No more placings needed was stated in the the RNS when they did raised £900k, that was for the company not just for Romanian assets.
No more money to be spent in Zimbabwe till final signature is obtained, also stated in RNS.
That we are spending money in Zimbabwe it doesn’t indicate by any stretch of the imagination that we are getting the licence anytime soon or at all. If the licence was coming they could have raised at a higher SP. Not mentioning what the money is going to be used for is another great way to treat shareholders, we still own money to SSGI and the RTGS that was supposed to used to pay them has suffer a massive devaluation, salaries, etc.
It should be a reason why is not stated what the money is used for and I can not thing in any good one or they will say it, VAST has become very opaque in where the money is going.
3 News that could land in any moment IMO.
SRK report. Should give a valuation of Romanian assets, together with Financial modelling provided by CFO & Carlingford that should give an idea of the cash flow. Some LTH think that the valuation could be around $100m. This news could trigger interest from some Institutional Investors and facilitate Finance.
SWISS Bank Finance agreement for $10m, will provide VAST with funds to take Baita to production. VAST looking to another possible Financeers at the same time. When Finance in place for Baita, less than 6 months to production.
JV agreement with ZCDC that will give VAST permission to start to mine Diamonds in Zimbabwe, that would be huge. IMO This news could trigger interest from Institutional Investor and new Finance oportunities. 6 months to production.