Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Blimey I hope the last two posters aren’t directing that at me. I’m so loaded with vast shares I am one of their biggest supporters.
However this is a board to share and ask.
I’m asking and seems a reasonable question.
Why have we wasted and share drop with previous terrible finance when ap can raise 5m in a day. ?????
question is why didn’t we just didn’t raise this money and never need atlas in the first place, vas could have set up zim arrangement for the other 7m.
Vast have paid a fortune to atlas and the rest. Why???
He can raise for the new bank but can’t raise to avoid death spiral finance twice??????
Could somebody give their thoughts on the following.
1. If the bank set to many conditions, ie another 6mill of raising then what’s thenplan.
If the 6m raised pays off most of atlas and ap negs the rest of their debt through sale of concentrate then is this the worst position.
Personally I prefer to be in a position with little or no debt butbwith a company making millions by the end of this year.
Are we putting so much emphasis on this bank at the last second rather than allowing for the fact that ap may have this b plan as a few have mentioned.
Why would and should the share price fall on the basis vast could use the 6 m to pay atlas . Furthermore vast have the concentrate sales to stabilise their cashflow, presuming they are of course selling the second and third amounts as set out?
I’m getting the feeling that
A/ the news will fall just before Xmas and will be filled with conditions and posters here will see thisnis another terrible deal. So will dress it up as tier one but they insisted. More raise to meet their requirements.
B/ no finance and then share falls well below 10.
As far as I remember they raised 1.5m in oct for atlas conversion and they should have one sale to mercuria for large amount so they should be well cashed up even after wages and mining costs.
And now second shipment due? Or should have gone surely.
It’s all to quiet again. I get he doesn’t want to keep announcing stuff but when younsee a share price falling every day and then another 2.6b coming to market you start to think the writing is on the wall
I do hope I’m wrong and this bank are a tier 1 and it jumps. But remember even if it jumps 50% , yes 50% it’s only what it was a month back etc.
Do younsell now while you have some skin in the game or watch him destroy this company day by day.
Can’t believe I’m saying this as was so hopeful. So 8 days on still no news?
They made vast have money ready and make sure the 20% was dealt with of ap group yet we are still waiting.
Perhaps this raise will pay off most of atlas with no loan then itbwill go private.
Then all us shareholders have paid off another 6m of debt and then it’s game over.
Is anyone thinking the same ????
Chrishutch
Yes sorry about that.
Although by the new year I may have run off if the news isn’t great. Surely today , Tommorow we should have some news.
Fingers crossed. What a nice Xmas present if the terms were good and we got past .20 at least before Xmas , rest easy time.
Wow. Into .12 now. Even the most positive supporter of vast, I am now getting to the point where I wonder if this finance is going to end up with horrible conditions. If
Ifnit comes at all.
Can you believe it we produce 450 tonne of concentrate unlike so many aim companies that produce nada and we only have what 7m of debt , massive amounts of shares but this will be consolidated?
And we fall to 12.
We now have 6m to pay atlas off if bank don’t follow through, then we have minimal debt but we still are producing.
Everyone and their aunt must simply not trust ap. can’t he be voted out? And just remain on the board as even he must see it’s him????????!!
In the interests of the company step
Down still earn a whacking salary as a director and get a great ceo in now. Before it’s .8p.
Am I missing something?
A Harry,
Yes I hope she comes through it soon enough , keep strong.
Love the comment about her talking. I trust you are kidding , lol. Really made me chuckle.
A Harry.
Good morning.
As annoying as this is again like many missed deadlines the approval process may take five days, after all this is a large amount of money and this isn’t a £5000 bank loan. Not being rude, just saying I guess there is a long process for something like this , add covid andbthenbleak outlookX even banks take longer.
But really isn’t the worry’ is this going through’
I sold a chunk last week ish and now like many have a big decision here.
1. Isnthis loan coming.
Well if it doesn’t arrive then is the 6m goingbto pay off atlas as much as poss leaving a much smaller facility and perhaps atlas will make less demands , who knows.
I am thinking this is the plan and thought itbwas the moment it was announced.
Yes the bank may have wanted this as part of the agreement but I imagine ap thought this was his way of saying that bank failed butbwe can work our way outbof debt ourselves now and over the year the revenue will prove this, then every decent bank will be queuing up to lend us money
B. Even though ap was given billions of shares would he know this would fall so badly thus losing hundreds of thousands in value.
So either this bank is just delayed , couple more days maybe or the 6m raised is ready for atlas. Mercuria has clearly said they will wait as sandy has pointed out so thisnis what I’m going with.
I would have preferred though if ap had somehow explained that he has a plan that will perhaps pay of atlas or at least have a plan ready to protect this company.
Now gb47, can’t wait for your early morning negative spin on whatbim saying so off you go.........
Gb47
Have you nothing better to do that throw rude comments out. Say something useful about the company , as your comments mean nothing to posters. Or bigger off with your holding, some of us are genuinely worried about this company
Guys I get what your saying but I was just trying to say that I can’t imagine that he is playing us off as his shares are falling like a rock like ours. Lets not forget now he needs this to be .50 or 1.50 in a year.
Therefore surely this bank are on board.
Or at worst he raised this 6m or whatever the bank wanted as a b plan for paying of atlas ourself and then using funds from bp etc.
Morning.
If aps
Billions of shares that were granted to him. At .17. are now worth loads less .13.
25% less ish. He’s down say 1m ifnim right.
What is going on in his mind. Surely he knows this will pick up? He has so much at stake. This bank surely are already signed up in his mind, surely or this will be 10 and he will be down another million?????
Thanks all. So if younwere looking at a company without seeing consolidation they may have a reasonable amount of shares but five years before could have reduced on this manner however they now look like a positive low shareholder base company
I was only asking to try and understand why obviously people are constantly saying’ 15b, 18b.
I was curious , if one reduces down to 1.8 bill shares and price is 1.4 ie ten times the price why are all concerned. Yes large coats to do so but why is it such a worry if it equals itself once the exercise has concluded
Caribbean.
Many thanks. But then the share price is x10
So my question , if so why don’t they consolidate months ago in order to not have billions and billions if ones shareholding is intimately the same value wise? Thanks
Yes lol but I’m still trying to understand how this affects things.
Surely it can’t be as simple as to just increase share price and reduce shares in circulation accordingly.
Can somebody put this consolidation stuff to bed for me.
So we have 21 billion shares bla bla.
So they create what. 2.1 billion shares at 1.70. Itball equals out. What’s the good and the bad here. What is the procedure for this?
Morning fantasy,
Well one must adapt to the situation.
With all the good news of late I would have thought a rise should have come, butbwith this fall from .17 to .13 one had to look at the risk.
I still believe that ap would not have liked the possibility of losing hundreds of thousands this week on the billions of shares , so something must come right here soon.
Anyway bought the Ford Focus not the porsche with the shares I sold at a loss!!!
Still gets from a to b!
Still hoping!
Eastey.
Feel for you , really do.
I like many others are quite weighed down in vast shared.
Very long sad story as you know but I’m holding as cant see this getting any worse.
Sold 10m shares today at mid .13. Bloody heartbreaking but kept a lot more as do believe. Still.
At least ifbit goes bad I can say at least I got .13,
Good luck to you and hope you never go through this again elsewhere
Fantasy.
Maybe best thing for all of us then is to switch off and try to have a good cmas away from vast and ap, otherwise more stress.
My only problem switching off is what if........
Big what if! I agree but lost out on Ggp and ukog badly even though went on to both with good research at the time. Just went on for so long doing little. Then what happened. Boom!
Vast, well who knows. Anyway where is castaway in all this. ?
Morning to you fantasy, very kind of you to ask.
Lots of chat about big investors replacing the pi’s.
Am I missing something or isn’t this what we want. Also I believe a few knowledgeable posters a few weeks back explained the principles of consolidation should this happen and the likely result.
Is it fair to think that we seem to be getting a sense of where this is heading.