Pecten: "Is that the most eloquent example of ..."
Hopefully not a bad contender 😉
"Interesting that techguru has joined IG in posting again - both having admitted partaking in previous placings".
Yes. They're not subtle, are they? But don't tell the punters. It's not what they want to hear and it'll hurt their precious feelings.
Turbot: you started a new thread and addressed "You".
Not sure who's in your line of fire. If it's me, I'll happily have a rational and courteous debate with you. Have noticed your posts with interest. If not me, I'll hope you get a decent answer from whoever you had in mind. I myself referred to "facts" in reply to another poster, so I'm unsure who you mean.
Buda_: agreed. IMO probably the sort of contemplation that's greatly supplemented by a dextrous hand.
Rockfordd: " no commitment at this time".
That was the RNS of 9 June, I believe. So the "facts" you want us to "stick to", as I understand, are that 17 days ago the company said it can't promise there'll be a placing 🤣
Rick: nah, just as useless and unhelpful as you ever are IMO. You wear your insecurity about your gamble here on your sleeve IMO. Sounding far too thin-skinned and needy. Hope you've managed your punt here sensibly. Good luck - despite your weird fetish for me :-)
Castle: the latest company phrasing in today's RNS is actually this:
"In Zimbabwe, the Company is preparing for the release of its diamonds previously mined by the Company and preparing for their marketing. Upon the finalisation of the process the Company will recommence its focus on the finalisation of the mining agreement on the Community Diamond Concession in the Marange Diamond Fields."
Just to be clear.
Techguru, IG: both wrong. You were both calling the share positively when it still had a long way to drop.
It's a matter of record that I correctly called the bottom on 9th Jan when I posted that a punt might be justified.
SP started rising from 10 Jan. I was right, while you guys were well off track being too early and too optimistic.
Additionally, techguru, you're on record having said my cash estimates for the company were 'bearish' when they were then pretty much spot on confirmed afterwards by the company's own interim financials. We can travel back and look in detail, if you fancy.
But keep on with the fictions if that's what it takes to make you feel good.
*prior headroom
IG: "There will be no placing".
You have a track record of being mistaken on the company's need to place. Vast had no headroom. Why? Because every prior placing has been used.
BPPM makes a loss.
May shipment from Takob was projected but never confirmed, and, even if it happened, might not have generated a net profit to Vast.
Diamonds have not been released yet.
Lenders are circling.
No other cash avenues exist.
Last placing was supposed to last till early May. Capstone swap deal flung a lifeline.
Ding ding. Wakey wakey. AP is still CEO. Tucker still on the Board. This company has ONE proven business model:
https://www.stlyrics.com/lyrics/barnum/thereisasuckerborneveryminute.htm
We'll see where we are in August, shall we?
Headroom for 1.42 billion new shares - a 48.5% increase as against current shares in issue - duly authorized as expected.
Let the games commence.
Oh yes:
3. He somehow got 12.25% of Takob mine. Best of all: Vast is not the operator. Okay yes, May shipment was planned but not confirmed, so no evidence it's actually commercial yet.
Antharry:
1. He brought back ties (or was it scarves, I forget) from Zim 3 years ago.
2. He got a BPPM licence: okay, yes, also 3 years ago and still no shred of profit despite an estimate of 1-2 months.
3. There's probably a '3'...
SV: think you missed Antharry's irony. Or otherwise I missed yours.
Antharry: loving the channeling of Trumpian caps :-)
Buda_, Horult: absolutely. Debt extension is only to 30 June. Extension of Mercuria's share option till later is separate. The RNSs are clear. Bad journalism should be set aside, not used for promoting fictions.
Joey: he always has been, so far.
First Takob shipment was scheduled for May and the company communication indicated that an update would follow about the shipment. Since then, no update.
ASI: not to worry. Edd's choice of 'pompous' is another of those victim words that's actually code for you having grammar and logic - qualities that don't go down well in the Salem square.
ASI: you're right - but we live in an age when facts are subordinated (by some people of a postmodern disposition) to the idea that any thought or feeling is as 'valid' as any other. So the occasional numpty will pop up being offended by the use of facts to disprove falsehoods, and will dress it up in victim language that says you're a mean, bad person for disagreeing. (Read here: 'condescending'.)
It's not only wrong to devalue the truth this way . It's insidious and highly dangerous.
As to whether diamonds will show up by 30 June, that's anyone's guess. Maybe yes, maybe no. As to their value, there's a reasonable range of discussion about the likely probabilities. Some on this BB have acknowledged the reasonable probabilities, including some who might be characterized as 'rampers' but are nevertheless able to be realistic.
Pecten: sounds about right. I rarely ever glance over there but much more rarely still see anything that looks to me like original, coherent thought.
Pecten: thanks. Yes, indeed. No indication of extension terms indicated anywhere besides a date 9 days away.