Hope31 Oct 2020 14:54
Eva.
I have been in vast for four years
You have to keep raising if you have no revenue. The previous ceo ruined this company with the terrible Pickstone mine in zim. We never saw any money even though we made money. Part of the stupid deal.
Youbwill appreciate that a cheap line with only 10m spend, now worth 100m plus is going to need massive raises.
How else can an exploring company pay its staff, legals, mining costs, rns costs, new equipment costs. Accountancy costs, geological costs. And and and.
It’s simple
Mathematics. Raise to survive to get mine in production.
Forget all the other stuff , it’s part of aim and the bull that goes with it.
Yes maybe the truck money went to another mine we own or maybe some other raise had to pay to survey the diamond fields.
My god I have had to cover various different parts to my business over the years as things change.
And as much as all the nagative posters on here should write their stuff as it’s important for all of us none of them I believe have run a mining business and have no idea of the pressure.
I will leave you to make your own mind up , vastbis finally is in the best place it has been. I’m not saying it’s going to be roses. , but I’m more optimistic in tnis ceo more than ever now. Could still be wrong????
You want an even bet put it in Bt or a bank sgare. Well not this year lol or get 1% in a bank. Aim is like quicksand. Hang on or get out or sink. Occasionally a eua or ggp come along and that branch you grab in that quicksand keeps you going!!!