Member Info for sonicboomboy

The fact is if you take out a LONG trade you obviously see the positives. People come on here and post price targets and demonstrate their case for exciting future events, revenues and profits. Likewise, if you decide to go SHORT you do it because see volatility, the chance of situations not working out to the timeline and the risk involved in that.

Given most people lose money investing/trading and most are long, it goes without saying there's a lot of money to be made shorting.

Anyway, that's by the by. The fact is their are differing views, that should all be respected as they make the market.

What on earth are you on about kurrinz?

BCL,

Project level funding dear boy. Yes of course some dilution as all companies need this to grow but the project and money maker doesn't need that much.

I think I have it covered thank you strongboes.

Sandcrab,

The selling is down to the fact that despite getting yesterday's RNS it was a copy of the one we got in October, where 6 months later the deal hadn't been signed.

Now this may not be the companies fault and more the other stakeholders fault but it would cripple VAST if we are relying on paying back T1 and getting into T2 without the diamonds and relying solely on BP. We know equipment out of China is delayed and that is the risk.

Diamonds signature is done and the diamonds are as good or better than expected than no problem but their is risk if the same situation plays out again.

I hope that is a balance post to highlight both the risk and reward but VASt are in the Zimbabwe governments hands.

That's where your faith lies.

Absolutely excellent posts there full credit to you for it and you are spot on with what you both say.

Looking good here, doesn't take much to push it up. Targets look pretty good considering where the SA project should be value wise.

https://twitter.com/ukbambammatt/status/1235174425810604032?s=19

So as you say Atlas if they don't buy, they cant drive the price up. PI's could buy and get the price up and if they buy , buy, buy and the price goes so high that VAST owe Atlas the loan and the difference between 0.23 and the actual SP but actually revenue doesn't cover that.....what then?

What Atlas the loan shark buy shares in the open market. Very unlikely.

So ORT where does the point come where its in VAST's interest to have the price at 0.24p?

ORT,

So if the price goes up, what then do VAST pay back?

Being objective, the crux of it is. How much are VAST going to pay back of Tranche 1 and then what dilution does that leave them with.

Two revenue streams will be BP and Chiadzwa. So the question is at what rate and for how long will they produce against paying back the loan? The more the share price goes up the more cash VAST have to pay back right?

Is it in VAST's interest to have the SP around 0.24p as the end of Tranche 1 approaches an repayment has to be made?

There is no scaring I'm short on the stock atm. You are allowed to be, its not against the law.

I suppose with the Atlas loan the best way to minimise its effect would be to pay as much back in cash?

Am I correct?

Well, we are where we are.

It does seem odd that after news we have had a huge sell off. I guess the question is - what sort of sell off are we seeing? Is it retail sell off from all those that bought at 0.22p or something else?

My theory is it is something else and we will get another RNS within the next week or so. Maybe then we can congratulate the BoD on their damage limitation exercise.

Agreed not a great experience over there at all, however, I do think this deal has so much potential for the reasons mentioned below.

A chance for LC to rectify himself in my eyes. Let's hope he is upto it. By the looks of things he almost can't fail here. Have you had any chit chat with hi at all over this deal CF?

https://twitter.com/ukbambammatt/status/1235174425810604032?s=19

Foxy,

Get a grip mate ;-)

This is totally different to KIBO. I agree KIBO are nothing but a disappointment, projects way to large and long term but to my surprise KAT is totally the opposite an this project an absolute gem.

Short term value and profitability, all permitted, Gary Briggs at the helm in a workable jurisdiction.

Remember the free gold LC talked of, well, this is it.

Lets see what the next RNS says

As when they needed to place before...lol.