Teacup you not even a shareholder and you stirring everyone up. i would not bother posting If I were not a shareholder why dont you go annoy some other board buddy or cough up put your money where your mouth is like rest of us.At least we got balls to buy vast shares.
Castaway I hope you right I dont know as much as you Ive not been a shareholder as long as you only last two years. Im a fundamentalist and work on facts and figures man. I bought into uk coal everyone told me I was stupid so I remortgaged house like you do and told all my mates to buy. Everyone just laughed at me. The dividend was 10p and cashflow good the shareprice dropped from 600p to 24p I bought from 24p to 30p. I got my money back in dividends. The asset price was 240p so everything I spent 24p I got 240p in assets. The shares went up from 24p to 600p 25times my money. I bought into redde shares around .5p they went to £2.14 and fab dividends. Ive bought Vast because of the assets BP pp in zim and Zargra the diamonds are a bonus.
I spoke to AP in London april 2017 he filled me with confidence and seemed a genuine person. I also met RP who seemed that he was not bothered about speaking to us shareholders and he spent lots of his time out of shareholders way where as AP would answer any questions. he told me that BP would be approved during the summer of 2017 and then we thought Oct 2017 and working by chrsitmas 2017 then March 2018. he said weeks not months then we thought september but it was eventually 12 months later around 14th october thought sp would fly was hoping for 30% to 100% was very disappointed with 11%. Was hoping for T2 shortly after.
As I said Ive got a large very large stake here and bmn so cant wait for good news t2 mining of BP and diamonds cant come quick enough. sorry for long winded answer but thought Id fill a few gaps so pass a bit of time. Ive been investing for last 27 years and started with nothing built up a small fortune then sold out put all my money into property and have started back in my shares again in last few years.
Castaway I think we will be one of the four and it will be fabulous and yes funding should not be a problem. We could do wi a bit of good news as sp is terrible.
What sticks in my mouth or throat is that if AP brings in new projects assets he gets 10% of that asset. I can understand that if and when he were not ceo agree but while hes getting his ceo salary its like having your cake and eating it as the saying goes. Look at BMN growing massively the ceo gets paid 150k and hes grown business from a few million to current 500mish it will be over 1billion or more by next year and many billions in a few years he will get share options but AP gunna get both it will work out that APs true salary will run into millions per year not bad for a small aim company.
If we made 5 to 10m per month then the sp would fly rerate and market cap definitely in 250/300 range it would be happy days for us sharesholders AP said something along these lines in last podcast. Hes either very confident and knows whats coming or deluded and off his head. You dont make bold statements like that without knowing something in pipeline. Theres definitely something up his sleeve but then only a few months ago he said Manaila would generate super profits but recently said well it was never gunna to be big profit centre. Personally I think Zim owe Vast on these old claims and something in pipeline but seem to be in the incrowd with zim govt atm. How can you give our old claims to someone else when all legal documents has Vast name on it so maybe a deal has been done.
good debating tonight lads think we need to show cash flow and profits first but looking better on diamond side. I agree wi Castaway 2p to 5p but also agree wi Fantasy need to get to 1p or 0.75p first and get some projects running Vast have no money thats why we waiting for T2 and also keep having to issue shares. so you both right lets hope news soon before christmas would be good for us long suffering shareholders. Its been a struggle in vast and us lth could do wi some good news before Christmas so good news and then sp flying
Endion, Andrew Scott did say he was interviewing Fortune at mines and money. It’s a shame that they’ve not made a bigger deal of the award, it’s quite an achievement in my book.