RE: VAST at £11.2m....29 Jun 2022 15:48
I am all for a balanced argument Pecten. But it would appear that the 'naysayers' are very active on this board, as evidenced by FigTreeHarry's post at 11.05 this morning, that has met no response from either of you . His post is repeated below for ease of reference:-
To share some of Firwood comments, added with mine, hope he will not mind...
A selection of the untruths that we’ve encountered past 4-5 weeks
Such has been the myriad of untruths repeated by the same few, none other than the derampers. One by one all fallen flat....
‘Will be bust in no time’ (nope)
‘Atlas will seize BP’ (they didn’t)
‘Vast have no money’ (cash in the bank)
‘There is nothing in the mine’ (spectacularly wrong)
‘The drills will not arrive’ (they have)
‘Mine is flooded’ (it’s not)
‘0.01 coming’ (just before a 20 bagger)
‘Vast cannot get finance’ (finance secured)
CEO should be sacked: No.CEO guided company out of Covid pandemic safely, and has made very good progress since. Myriad of companies have struggled and gone under.
Zimbabwe would never work with VAST - Diamond project is still open
CEO: Production has been rising month on month
We are slow (June 27th CEO: operations 6 weeks ahead of planned schedule)
VAST will never reduce its debt (July - 1st payments will be made due to reduce debt)
Machines will breakdown - they have not
They will not make profit - They will make profit and reduce debt accordingly
They were supposed to make profit 2-3years ago - Licences were only granted 2018-19.
Next Reporting:
June 6th VAST were supposedly already in a closed period according to CEO, when questioned about further director buys. Source: June 6th QnA interview
(A closed period is 30days prior to reporting according AIM rules)
Q2 results may follow first, followed by interims, sooner than expected, with potential director buys same time.
Keep the focus and recognise great potential when it’s put in front of you today
>>At £11.2m I added...
GL/ ATB