Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Sandy, Agree SRK valuations + Finance should draw some attention to the company real value vs the SP. Hopefully that should set the company in the correct path to recovery. Finance in place for Baita would remove a lot of the risk of investing in VAST and still enjoy a good raise if Marange materialize. I mean if we don't get Marange before Baita Finance is agreed :-))
And as Castaway says if Marange comes then 2p is achievable. Romanian assets + Marange with Finance in place and defined path to production could give VAST SP a good boost.
I believe that we are not far away to discover how things develop.
Not holding my breath for the diamonds. Everything seems moving forward but nobody knows when this will come, if at all.
Not even one company has started yet so I can not see anything that indicates that we are not going to get them.
In the meantime we should have a good flow of news this summer.
Thanks Lee !!
I believe that you have done a good assessment of the situation of the company.
Honestly, looking forward for these SRK valuation + Swiss bank debt. Hopefully all in July, we could start to see then a recovery of the SP.
If I remember well AP in its last podcast when is talking about Carlingford, says that they are helping with the Swiss bank debt but it is not that the main purpose that VAST keeps working with them. Anybody knows what he is referring to? Blueberry IPO maybe?
I just don't believe that we are in the situation that you describe. Am I happy with the sp? No. Am I happy with AP? No
VAST for me is the assets. Is not AP that says that VAST can get the diamonds, is everywhere in Zimbabwe news. When? Who knows.
Baita is 6 months away of getting Finance. A mine with a proved value as was in production for many years.
Both assets could be generating cash in less than one year.
I think that what they are trying to do Financially is the right thing. Stop talking big and try to demonstrate that VAST is already big, get proper Finance in place that should turnaround the company once and for all.
Only one RNS with the Finance in place for Baita should return the sp at a higher values. Is not going to happen in at least another month IMO.
If I thoughy that they are going to take it private I would sell immediately.
Just IMO ... GLA
IMO SRK is here to try to realise the value of the Romanian assets, what could they bring? A positive valuation of the assets could bring different things:
Finance to develop completely Carlibaba, finish JORC, New plant, ...
Interest from Institutional Investors, High net worth investors, ...
JV partners interest
Increase in the NAV should bring also increase in the SP, at some point
It is not a bad strategy, Is the right time? Not sure but I suppose that they are doing it with a specific purpose.
Not expecting any news of the Swiss bank till end of June, 8 weeks since DD started so I suppose that in July we should have Finance in place if swiss bank drag on they will look Finance elsewhere which I hope that another DD with another debt providers are running in parallel.
Hopefully we should get some news from Zimbabwe before that, not sure what point 6 of FOOLS list means though and this part is not in the recording of the GM
Thanks to Sammy
https://youtu.be/N44LNGk0OVg