RE: Reasons why I increased my holding yesterday8 Nov 2023 10:49
Ha Joey, 'by all reports, VAST is well on its way to reclaiming those diamonds.'
Last settlement update was on Feb 6th. 'will now commence the process for the initiation of a lawful and transparent process for the release of the Historic Parcel into the Company’s possession.'
then on Sept 18th 'the Company has been unable to progress the settlement of the historic parcel as it had expected'
Next thing we hear is that all the debt arrangements have been updated, suggesting the creditors are going to have to wait rather longer than hoped to be repaid from the funds expected from the parcel of diamonds. I would imagine AP is breathing rather heavily at the moment with these guys leaning over his shoulder. I do hope he's not been telling porky pies about the parcel. If it ever does arrive I think it's more likely to contain a pork pie than any diamonds. Perhaps Ap will find a nice note in there saying 'sorry, we know you're greedy so hope this will sustain you whilst you wait for the real thing...
For a tiny company with a mcap of less than £7m there are far too many Directors here all taking large salaries without ever producing anything for share holders. It's a farce and AP is having a laugh for sure but he may just be entering dangerous waters playing with everyone else's money and offering nothing but lies and platitudes.
I absolutely wouldn't put it past him to drop yet another placing on share holders here before Christmas.