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Never smoke without fire... it will come out in the wash. In the meantime, the question how much is the risk taking into performance, promises, struggles (choosing not to use the word faliures), no real facts of the quantity sold and profit achieved, what happened to bi-yearly reporting, now have to wait till Jan 2022. My shares are worth a tiddly wink compared to the riches promised... Do you invest more or do you just wait for the ones in the bottom drawer to be a legacy..... decisions decisions..
When there is any good news they sing from top of the hills... twitter etc but when there are issues they are silent and then comes the placing. cannot see how they are going to pay in Jan 2021 (ooops Jan 2022)...lol
Decent news gets released when there is some..... VAST cannot tell you anything everything is so confidential!!! You would think they are a global influencers of some kind, on the other hand case of we dangle the carrot.
Spotted this on Newsfile..
Cuda Oil and Gas Inc. Announces Demand by Secured Lenders and Notice of Intention to Enforce Security
Calgary, Alberta--(Newsfile Corp. - November 5, 2021) - Cuda Oil and Gas Inc. (TSXV: CUDA) ("Cuda" or the "Company") announces that the Company's senior secured lender, Tallinn Capital Energy Limited Partnership, and its subordinate secured lender, being certain funds managed or co-managed by Bridging Finance Inc., have each made demand for payment in full of the Company's outstanding indebtedness and provided the Company with a Notice of Intention to Enforce Security pursuant to section 244 of the Bankruptcy and Insolvency Act (Canada). The Company's secured lenders have demanded payment of aggregate indebtedness in the amount of $70,251,757 plus interest and costs which continue to accrue. If the Company is unable to repay the indebtedness by November 15, 2021, the secured lenders will take steps to enforce their security.
The Company is reviewing alternatives available to it to extend the deadline for repayment of the indebtedness. The Company is requesting that the TSX Venture Exchange halt trading in the Company's shares and it is expected that the shares will remain halted until such time that the TSX Venture Exchange deems appropriate.
I think the Q&A RNS does not add anything that one could have gleaned from the results but it does raise the question of financing a deal that would payoff Atlas a they are not forthcoming over the production leading me to believe that it is smoke and mirrors imo as they have just done a placing.What I thought this set of resuts would be revealing instead we are now further pushed towards Jan 2022, this now a significant time from when VAST got the elusive licence to exploit BP. As I have always believed which should have persued BP rather than Zim diamonds instead we now have added another deal.... is this a distraction from what is happening at BP?
Only standing up cause of the placings!!!!!
load of tosh, look at the salaries, they should hang their heads in shame. Joke comparing cost of mining as being low when money is coming from placings and they will need more finance before end of Jan 2022 to pay Atlas. What production after all the videos and tweets .....
Here comes 1.5p......
Personally I would wait till the production figures are out, and that means 3 months where placings can occur. My main concern is setting up of the academy to train miners and how much is the cost? Also they are not in place until qualified so I cannot how this shifts will be feasible if based workforce of 280. This brings another question what is manpower cost considering there was strike recently where pay was raise.
TOMRA XRT sorter not due till december(?) so how it meets the increased grade output to catch up on lag. Considering December and January are cold months how much output is feasible to reach output predicted?
Many questions need answering....
Pecten to be honest what p....s me is that you go on the co. website and you have to subscribe for the reseach note from Shorecapital. Like it is is something special, if you want shareholders to have information why not just give it to them rather than jump through hurdles, I have seen the note another way but is this PR? Why not make it easier for investors!
Company needs to align itsef with shareholders, as the cheap mine concept is becoming a farce.
have a good weekend n what you are doing; me ad the boys are in the city!!1
Pecten I am around I just dont respond anymore.... Well if it is a separate TOMRA makes sense but I am still bemused they need testing as the one for Baita should be commisioned. I agree it reduces cost by transporting higher concentrate ore but what is the strip ratio are we stripping or mining not clear, is dewatering still an issue look at WRES having an effect on their ops with rain. All for reducing costs and increasing profit margins. Re power supply some miners are suffering as it cheaper not to mine!!! sad reality of energy crisis. I still do not understand the sudden energy crisis?
Carlibaba is going to need some capex before it can get going I thought this would have been offset by Baita success especially when copper is in a prime demand position.
Ocean if there was something substatial to add I would, however, when the share has become a joke I am not sure what can be added and hopefully some if not all are sharing the pain through some of the camaraderie a bb would allow. I am sure there are pi's who are feeling the pain which management don't seem to understand. Like yourself who seems to have come in lats year. I am sure if you have read all the RNS and the reality as is doesn't inspire confidence.
All the best.