you still got loads time to get back in when you ready and wait for the news hopefully good news, on offtake but to be honest we owe that much debt I cant see where we will get that sort of money to pay all our debts from one offtake and the market cap so low. i know we have great assets thats why I bought in first place but my god. you just cant go to bank manager ask him for £10m when you only earning 5k a year hed just laugh at you so AP needs to be realisitc if and its a big if we get offtake then he might just have to issue billions shares to make up the difference. I hope Im wrong. but this is what could happen.
Yes I did say that and Iam sitting it out holding my shares waiting for them to climb back up. I never said Ive sold my shares and out. sitting it out means to me waiting and holding. FAHP said is he out.
You sound like FAHP listened to him for months and months posting his happy stories and faith in AP who Ive met and believe what he said I thought 2018 was going to be the year so invested heavily here very heavy. But what hes said is totally opposite to what hes done on every issue thats what bugs me you cant take his word is good and its always someone elses fault so no blame on him. he said he would find an investor he should have said we need money quick and will be borrowing from a loan shark and issuing shares billions. What did he say we will borrow money from Bergen and buy back the shares. he said we wont be issuing shares less than 0.53 not at these levels and so he issues at 0.24.
He said he need £1.5m for Bp now its £3.5m with all other people we owe its a crime. Vast was valued at £30 to £35m Market cap now its been as low as 8m and currently 12m. These share price says it all for me. hes been a disaster and still wants to issue billions more shares till company is worthless. i hope Im wrong on everything and share prices goes to the target I had in mined which was 5p to 7p but Id be happy if it got back to 0.60
Hi buddy you dont read my posts then or FAHPs he out and trading. Im here been here for last few years out of pocket massively but still holding on for dear life with AP. Am I peeved with how hes run business you bet after what he said but still here another 200% rise and ill be back level but that could take years. or it may go other way and go bust as we not generating any cash or profits just burning it and issuing more shares and things not going to plan.
if i wa really confidence Id buy more at these levels as if he turns things around its a cheap entry but Ive lost faith in AP and his wild cat stories. Just preying to can get off our arses.
you very positive and have always been even when shareprice went down massively. bet the people who invested at 0.64 and 0.53 not as positive as you. Ive been in Vast for last few years and always thought AP seemed a genuine and honest man where as Roy to me seemed not interested in shareholders. But I must say now that i think AP could be of the same nature and does opposite to what he says so am just sitting it out and hoping to the vast pulls through this and can make a profit from BP which AP says but whenever has things gone to plan and on time. Cant think of one thing so not holding my breath on anything.
I too think Ap will steer the ship out of this fog by issuing few more billion shares, and then when he needs a bit more cash he will issue and keep issuing away til he get BP up and running. i hope its as good as he says as he did say Manaila was going to be a great profit centre and also that he would not issue shares like RP and he said he would find an Investor as a priority well he did bergen they invested in us but Id bet money they dont stick around for a few years or more like most of us. Theyll be on next bus out of company as soon as sp rises to a satisfactory level and they can make a quick buck.
But saying that FAHP is also a trader and looking for a quick return.
You must be spitting blood looking how share price atm is moving up. but i suppose a few quid trading is better than nowt. This share could go up massively or down lots of shares will be issued soon. Thats what FAHP is waiting for. Risky being out of this. As you say wouldnot want to be out of this over the weekend.
You like to stick boot in buddy for those that sold and give their opinion. At least for now Vast is on the up. Another 200% and Im back in profit. in my opinion its still very risky and there will be lots of shares being issued this year. lets hope we get a decent offtake. Still think diamonds can go either way nothing in concrete til its announced.
Hi Dodge just been reading your posts and to me all valid points about vast Bergen Mercuria, BP plan Eureka, Diamonds. We seem to have lots of questions and little answers only imminent shortly we will here news could be hours or days or weeks or months or in your case years.
Im trying to be positive and have a fortune invested here so want more than most for the sp to get back to 0.6 or 0.7 to get my money back believe me i want Vast to succeed Vastly! but I have question marks against how things are being run and the dilution that is happening and the time scales on all projects.
As I keep saying we need cashflow and profits and the only one I can see that will do it is BP but whenever has anything gone to plan on budget with Vast I cant remember one thing.
Think we are likely to hear news on BE progression, Jse listing and dividend policy eminently. Then we will have the rise in V prices,which IMO is a given.
At the recent Mines and Money, Fortune stated they are working towards 5000mtv in 2019. I took that as it will be sometime in 2020 that it will be achieved.
Crawshaw had some top men from lidal or aldi as well as Stuart Rose, they wanted to go from 20 butchers shops to 600 but to me they never made any money top men came on board and would have wanted top money. Last one baltimore technologies went from £2.40 to £144.00 and valued at over 6billion then went bust once the market realised they would never make a profit no turnover no cash or assets just potential.
Boris Becker the famous tennis player said to have made over £200m in his time from tennis and sponsorship deals but he invested in a few deals and they went sour he also had two divorces that cost him then he stuggle to pay even his gardener who took him to court and put him into liquidation. Thats what happens when you cant handle your money £200m should have been enough but it was not. Poor old Boris.
Privy info happens all time friends buy on insider info family herd it from my friends. one of my mates bought loads of a certain share as his brother was director in a company and they made thousands and then sold out quickly. i told my mates I would not have bought into that company they did make loads cash but as predicted the company never made any money and just issued share placing after another and kept making losses and eventually went bust.
Another mate bought into a technology stock it went from £1.70 to £8.10 I said its got no turnover no profits no cashflow my mate said but you dont understand no assets too. I said I know I just dont know how its valued at £300m when its turnover is about £5m it went bust.
I met chief executive of Baltimore technologies in early 200o the share price went from £2.40 to a staggering £144.00 each in 18 months to over £6billion company in ftse still no turnover to speak of and no profits and no cashflow and no assets it too went bust from £144.00 to 17p then went bust.
Here at Vast we have according to AP fabulous assets and the turnover is growing but we need to see profits and cashflow to sustain the company moving forward the we can get debt funding. Instead of issuing billions of shares then the share price will rerate and we can consolidate the shares in issue to get rid of the billions and billions of shares we holding and become the mid tier company that AP talks about.
All to play for and all to loose. Finally I invested in a small aim company was voted the best company on aim it grow made profits and grow a bit more and made more profits but then wanted to grow twice as quick and borrowed too much then went under or bust. so the motto is take on too much and in a down turn or have problems and its quick easy to go under.
Im hoping vast can weather the storm but it will be touch and go. A great CEO can build a great company a bad CEO will destroy most things. Roller coaster time.
AP says his family buying loads of shares at these prices that seems to me illegal as they are privy to insider info. i worked for a large ftse 100 company and our office manager was always saying we could not buy shares as we were privy to information which we werent she was an old battle axe built like a sergeant major and she always said an army marches on its stomach. work comes first, she used to be in office at 6.30am every morning even though office was not opened til 8.30am and was still there at 7.00pm and later. she was a single women and always used to say work come first family come second.