RE: The shipments19 Apr 2020 10:13
Good to see some realistic thoughts on the board over the weekend. I think we all know diamonds and BP are not the 'get rich quick' schemes some were making out.
Overall, I am positive that VAST will have a very bright future on the medium to long term outlook.
However, IMO, the lies, mistruths and misinformation share holders have had to endure are unacceptable and this affects current holders confidence and makes new buyers wary.
I would be surprised if production commences at BP by the start of July and will probably take till the end of October to each full production.
Diamonds is really anyone's guess but there are issues that seemingly cannot be resolved easily in the set up and demands of stakeholders in the Chiadzwa JV. Coupled with Coronavirus I feel the status quo will rumble on well into summer.
Robbo, agree your post has merits. I have thought the same on many other shares that have raised but the truth is all these investors ever want to do is make a quick 10%. They have probably forward sold and shorted the share from the early 20' knowing they were going to get back 0.15p shares downtrack. They will still sell these out to around 0.12p and still make a profit.
So I think unfortunately I don't see too many opportunities or reasons to buy VAST at present. Maybe by September time there maybe something of note to discuss, untill then it feels like we are stuck in the mud and wondering how long till the next raise.