Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Jaglith - personally, I think that the delay is more to do with him being in Canada (and I happen to think that there's good news to come from that very soon!). Being on top of things isn't GR's strong point but, surely, after the last couple of weeks, the rest of the team are doing as much as they can to get it all working!
Just expressing some thoughts - the GM approved the consolidation plus has given AP the option of raising more funds. However, it's dependent on what is happening with those good old diamonds. After the GM, I fully expected AP to do something immediately... on Friday afternoon or Monday. The fact that nothing has happened and that the sp has risen substantially yesterday suggests to me that something other than a fund raise is happening. It could be the diamonds (and associated deal for re-starting ops in Zim) but it could be that AP has found a new deal with the Swiss (there have been strong hints dropped).
Or is it just that the sp is finding a more reasonable level after the consolidation? Personally, I doubt it's this.
Thanks ASI - got it! Well if that JV is being signed this month, the diamonds will be resolved this month!
The JV is worth way, way more than the diamonds so I'm not surprised that the sp is heading north... much, much more to go!
AP really should do some sort of RNS... 'in response to press reports, etc'!
Are we allowed to mention diamonds?
I doubt very much if the rise has anything to do with the consolidation. The big news that would generate this kind of rise would only be the diamonds unless AP has pulled something major out of a hat from left field!
Is it only me? Don't know if it's just me that's confused or is it others?
The consolidation has happened but no additional shares have been issued. In fact, VAST have still to decide whether they only need the extra £2m or the whole £8.4m? When they have decided, they will issue new shares to that value - at current prices, they will issue roughly 450 million or 2 billion new shares???
Acker, great post from Saturday at 10:09. You've set out the challenges that GR has perfectly. Is he up to it... probably something that we've discussed before... if all goes well (and there is still a lot that has to go well), PREM moves up a league or two and GR needs to up his game. PREM needs to be way more professional and has to avoid the kind of errors made over the last year. As you've highlighted, he needs to strengthen the bod.
BTW, if we get continuous production going and some decent grades over the coming days and weeks, I can see a spike closer to 1p. I still see a lot of volatility for some time but I'm much more hopeful that this could be the beginning of what we've hoped for!
Now seen both interviews and have ended the week with that sense of hope I had at the start of the week. Glad to see that GR now has a firm grip on the issues... disappointing that he allowed issues raised in April and November last year to be left unaddressed. Stark are clearly at fault but GR is ultimately responsible.
Here's to a much better week next week. Might even get my George Roach Appreciation Society mug out again!
Well - he's got some ba##s doing an interview today. He can get some credit for facing it up. For it to be positive though, he needs to show that he, personally, has a grasp of the issues and he needs to be candid about how long to fix. On finance, I don't think that he's going to say any different to what he has said before but it would help if he gave some reassurances. Some info on how much they can realistically produce in March would help too. It's a big ask but he just needs to be honest!
Seems to me that the so-called 'derampers' called it right this week. I wasn't one of them at the start of the week and hoped that all would go well. 7 years on from first investing and it is deja vu once again with old GR... I really must learn.
Lloydyboy - I'm not prone to exaggeration... the replacement mill is certainly one rather big component in the whole plant but we were n the cusp of production last Spring... that's what we were told... the plant had been built! All these months later and there are still issues with the 'non-ball mill' components in the plant. There's no argument about that.
Just to be clear to everyone, especially newbies - the plant was built and ready to go last Spring (almost a year ago). They have been 'tweaking' it since and, even after all this time, they still seem to be missing key components.
As we all know too well, a day or two's delay can quickly become weeks and months. Still seems to be schoolboy errors in the set up of the plant. I doubt if we'll hear much about progress... much more likely to hear that GR needs more cash. If anything, I'm more disappointed this week compared to last year... another major let down from GR.
Thought that there would be an offer by now but this is OK.
I'm wondering now whether the chairman (who is protecting our interests) bounced JD into action a month ago when he wasn't quite ready to move. We talk a lot about what JD is going to do but, as the RNS highlights, there are moves to get SDRY on a more sure footing. I think the chairman is saying that the recovery work is making a difference so JD may well have to pay more. I doubt if we'll be waiting until 29th March for his 1st offer.