Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
I'm surprised this one didn't start 'VAST is pleased to announce'
Ciuksnt make it up, got very excited to see BP update, assuming it was going to be 'nameplate hit' but now they can't even pay wages, this is worse than the last RNS because no one ever expected the diamonds anyway
Be honest, did anyone else get excited and optimistic when they saw 'VAST - Company Update'
Why even release an RNS like this? Maybe to intentionally bring the SP down as low as possible to let friends in before genuine good news soon?
If we are at, or even approaching nameplate capacity now, then the finances will be in a lot better state than they were at the end of Q1. Because of that and the money raised by previous placings, the money we expected from diamonds in spring is less essential than it was.
Whilst I can't rule out a placing tomorrow, I think it's ever less likely the more BP produces, and in any case, unlikely to place at these low levels. IMHO
BP should be very close to or at nameplate capacity by now, coupled with Tajik royalties then surely VAST is almost self funding. I have 0 confidence in seeing diamonds but I think it's something we can afford to kick down the road now, as other interests are more important.