Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Use your votes wisely.
Guaranteed that these lot will be asking for more headroom just like last year to pay off ATLAS debt ( this will be the third time of asking). Andrew Prelea and Craig Harvey are also up for vote - vote them out, do not sit on your hands or hope for the best. This IMO is the only chance of getting some of your investment out. Placed more than the company is worth and added no value what so ever. Lied over and over again, time for Pinocchio Prelea to stop taking his eye watering salary and go.
Fantasy could do with your list of his achievements to date being posted again. Eric Eric there have been times I have despised your comments - but you were right.
The problem here is Andrew Prelea and Craig Harvey. It’s impossible to make an investment decision with these two in place. One is an out and out liar and the other is incompetent. The chairman should step in and get rid.
Apathy from PIs will allow Pinocchio to continue to decimate the SP chasing unicorns. Anyone interested should join the telegram group and see the results of an opinion poll on whether AP should be voted out, he is not popular but not enough to get him out.
Kingsley16 I could not agree more.
Fantasy at what point are you thinking of trying to muster support for this. I seem to remember you voicing something along these lines a fair while back. Pinocchio Prelea needs to be voted out at the AGM coming up otherwise LTH are f*****
Hi again,
Yes as always with VAST their RNS continually pose more questions than they answer. The departure of Marcus is a worry, although could be for a number of reasons but where VAST are concerned it’s very hard not to take a negative stance. The reason I asked is, as I think I stated the other day, I am looking to continue to average down if the news is taking us in the right direction. ATLAS news today is good but I won’t get over excited they still need to pay them and Mercuria for that matter. It does feel as if VAST are nearing the end of a long road with regard to BP, I’ll be polite, where the half truths may stop and they might actually have a viable mine going forward. I think I am of the same mindset as yourself, not quite there yet so will continue to wait as I think I need
more concrete news on the successful implementation of the new mining plan and any further costs that will inevitably come along to enable that to happen.
Thanks for taking the time to reply, appreciate it.
I’m a LTH for around the six year mark, currently around 45% down on my investment, having averaged down many times. My opinion very much depends upon whether they actually make this second mining plan work and whether they can sort out decent finance to replace ATLAS. Diamonds are dead in the water IMO so anyone hanging around for those are wasting their hopes. The lack of communication is a worry although every week that passes they are apparently on track, within 10%, with copper concentrate production otherwise they would need to RNS. They do have a mine that is producing but is it viable? Does it have more than 4 years of life? Lots of questions unanswered.
So a long winded way of saying I am sticking with it for the time being and will continue to average down as it’s not worth selling at such a loss but overall I’d be happy to break even.
Would be interested to know your thoughts? I am, for me, heavily invested in VAST and have been for over 6 years. I am a down trodden long term holder who still lives in hope of making something from this but it is not an easy hold at the moment.
Hi Antharry,
AP has failed to deliver up until this point and he has lied, for whatever reasons. Sentiment is at an all time low as the company, including Roy Pitchford’s tenure, have tried several times to transform from explorer to producer with much excitement on each venture and they have failed every time. BP is as yet unproven although the recent RNS confirming the JORC does go some way to restoring a little confidence. Coupled with all of this the company has RNSed some things, such as aerial videos of mines, that are of very little significance and has then decided right at the time of BP being supposedly ramped up on yet another mining plan, not to report production figures. Add to this a debt security hanging over them which the current mining plan will not cover (accepted deadline maybe extended) and their is a maelstrom of reasons not to invest in VAST. There is no case to invest because there is no information out there, that can be trusted. AP has gone to ground and there is such mistrust of this man and the way he conducts his business. Some people think now that AIM has been used to get BP going that it will be removed from the AIM market. I could go on but basically trust is gone, debt hanging over the company, time ticking and no info forth coming. The price of copper doesn’t matter because we do not know how things are progressing, they could have been tools down for two months and they would not have to report it due to biannual reporting.