RE: SP2 Mar 2020 16:49
ArmchairCEO,
That's a very good post indeed. AP's credibility, IMO is literally hanging by a thread. We've heard some real BS excuses and commentary around why the Diamond MoA didn't happen and true to form these excuses eventually catch up with you and make the original 'missed it by a day' look amatuerish.
How many times did we hear no more placings, only to be diluted again, so investors here will have to forgive my skepticism re another placing coming here soon.
Full production at BP has been kicked further and further down the road, which at one time, just caused dilution via placings. Now with the clock ticking on the Atlas loan the prospect of HUGE dilution approaches due to no diamond revenue and smaller than expected output at BP.
Of course, in true VAST tradition shareholders will only get told after the SP is on the floor and then you get the double whammy and kick in the nuts of further dilution.
Anyway, I say DYOR and work out whether you think the equipment coming from China to BP was/is delayed. No doubt some will say as we haven't heard anything to the contrary, all must be in track. Given the history here...I think all investors must take that decision into their own hands and not leave it to a BOD who place, place place and are unwilling to give enough guidance to their supposedly valued investors.