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So we are trying to get a loan now for more than the market cap of the company. It's clear now that the SRK studies are related to the need for a loan regardless of what Andrew Hall allegedly claimed. Personally, I don't think the loan is going to happen and the company is a dead man walking
There are typically two types of of investor on this board - the majority of which are sitting on large paper losses. There are those who are quite rightly annoyed at the past and present management of the company who were responsible for the current funding problems and subsequent share price collapse, have lost trust but can't bring themselves to sell in the hope that they can get some or all of their money back at some point in the future. Then there are those who have effectively been "groomed" by management and regardless of what crap they have had thrown at them still think the sun shines out of their behinds. Mainly, because psychologically it's the only way they can cope with a potential loss of their investment if all the promises being made do not come to fruition. Nothing has been signed for funding, diamonds, offtakes - it's all still "indicative" Until any of those things actually happen, this is a question of faith and trust in a management that has so far been lacking.
Lee - I think your post almost hits the nail on the head. But to be fair, what we know now wasn't what we were told last year. Your comment "these guys look to these boards for honesty and an understanding of what’s really happening." can equally apply to the Board of Directors.
Brandon Hill disappeared from the 28/03 RNS and then subsequently issued this research note.
https://www.brandonhillcapital.com/media/77838/vast_flashnote2019_04_01.pdf
Vast has always had a Joint Broker - check the end of every RNS (apart from the most recent ones). Brandon Hill were replaced. BH wrote a negative broker note last week so not sure if that was the cause of their replacement or a revenge note.