RE: 10 working days13 Jan 2020 11:15
Mark,
What is it you think finance being drawn is going to do to the SP exactly? The Atlas finance and it's details have been known about for some time. We have order equipment, submitted a request for drawn down and out mining at BP. Receiving the finance isn't all good news. From that moment the clock starts ticking on how VAST have to repay the finance back to Atlas without defaulting and being by circa 20%.
Mercuria still have to be paid back and we have to get producing at BP extremely slickly to minimise the dilution as IMO, BP alone won't repay the full amount. Now think when exactly has anything operational at VAST ever met timelines. With that in mind you'll forgive me being concerned a little and highlighting why there MIGHT be price weakness in the short term.
SO that leads us to the Diamond MoA which is the only thing that can repay Atlas fully IMO with no dilution. This can come at anytime. It might drop today at lunchtime equally it may not come till springtime.
So with the get out card on dilution being completely out of VAST's hands and being held by the Zimbabwe Govt, Im sure you can see the 'potentially' there is a risk associated with drawing down finance. Once that risk is alleviated then you will see the SP travel firmly in the direction I believe it will go.
UPWARDS