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Hi Sandyshore,
Thank you for your very in-depth reply, much appreciated. With all that is looming debt wise, the slow pace at which they are increasing production, poor quality of the grades at current levels it seems more placings are inevitable and with them another consolidation. Which is, as I thought, but it’s nice to have some figures and others thoughts shared which are in a similar vein to my own. Used to be a big fan of VAST but looks like I got that horribly wrong.
Do you have any thoughts on the possibility of suspension on Monday if final results are not forthcoming?
Thanks again.
Hi Sandy
Do you see any hope that break even and dare I say it, profit, may be achieved before the need for another consolidation or are they a pure lifestyle company in your opinion?
Appreciate your thoughts as I know you’ve been around all things VAST for a long while now.
Regards
Takeshi
But let’s not mention the 100 to 1 consolidation. So effectively 140 billion shares in issue, equivalent. An eye watering x7. They’ll soon be conveniently instructed to consolidate again, PMSL at these rampers, they’ll soon be the next raft of LTHs.
They seem to be acting like petulant teenagers, still in a mood because they didn’t get their own way with the massive dilution they had planned - poor show from Jag so far.
Got to agree here use your votes wisely. I will go one step further everyone has to vote AP out as with him as CEO we stand no chance of ever securing finance other than through placings. Is it VAST the company that banks won’t back or is it the dodgy CEO?
Ericeric
They cannot make the mine work, it’s as simple as that. Where is all the new machinery for the mechanised mining plan. No one trusts them because they never do what they say they are going to and they never complete anything. Too much time and energy spent on covering up their failings, very little focus on mining. Bring back Roy Pitchford, lmfao
In the very near future all shareholders will have a choice of whether to let Andrew Prelea continue as CEO and whether to give the company yet more shares to pay off ATLAS debt for the third time of asking. To me it’s not even a binary choice for both - time for a change.