Member Info for Teacup64

Hahaha ;)

Muzzer - In the event that 30 days expires, where will the money to pursue legal action come from? Would you be happy to dilute for that? Would a lender loan for such a 50/50 case? Is there legislative exceptions that allow such delays? Will VAST prefer to pursue cash from other ventures or legal costs? Would VAST want to sue a state department that gives approval to continuation of other Romanian assets? ...ask yourself these questions before grabbing the gun. Those who pursue legal recourse on emotion, usually don't come out as winners, because law always trumps reasonability.

Food for though, but not necessarily the case... The Companies Act states that a company must update its shareholders with any actions it takes that are considered price sensitive.... AP has stated that there is a 30 day term, so everyone is aware now that somewhere within that 30 days we would have received it. As far as APs legal obligations go, he has technically updated the market already(receiving it would be considered an already known event). Who's to say he hasn't already received it, telling everyone "within 30", rather than on receipt? If he wanted to show shareholders that there is actually far more than just BP that's being pushed forward, why not hold the 'in reciept' news until the other actions have been finalised....Just a thought, as its happened elsewhere.

Para 14, Section 37, part B of the Romanian Mining and Minerals Act 2017: "where applicable, a granted license should be issued without undue delay, and no later than thirty days after approval has been authorised, unless: a) an act of God prevents the action. b) a distance, otherwise defined under this act as "inches", are too far to travel at such speeds. c) any technological faults that would otherwise prevent such issuance from occurring.

VM - Considering VAST is so heavily invested elsewhere in Romania, biting the hand that dictates the continuity of those other assets is not an option. And where will the money to take legal action come from...a placing, lenders? A placing is not worth it for shareholders, neither for lenders.

If he's good at the latter, the former should be relatively simple for him to achieve, but hey, some shareholders appear no better. Rest assured, the RomGov have probably already sent the license, VAST should be awaiting delivery by horse and cart shortly ;)

Legal Terms are only relevant if the party at detriment is willing to pursuing legal action and uphold the law....otherwise it's just words to sell to the dreamers. I'm sure it'll come, but AP, just like all other CEOs need to learn to manage expectations....or shareholders learn to manage managerial statements.

...That was aimed at dross btw ;)

A little gentle cririsism of you is all it takes for you to demand a post is taken down.....so what you complaining for, you hypocrite?

Perhaps she's had enough of the miss representing....I wonder of the same applies to lady misrepresentation?

Not a word from the boards commentator today? ....maybe he/she's come to their senses and bought in before its too late.

...hmmmm.

Even predictive text is trying to stop me using the term 'illuminati'.

...and here's me wasting my time researching the illumination, lol ;)

JDAU - ....Maybe you're silence says you think otherwise ;)

VVG - 3 options including the Companies Act route...only playing around ;)

I think I have been rather positive recently...but I don't actually think you're referring to me in this case.

EDIT: We get 7.6% of Sinos found alluvial gold, they actually get slightly less than 82.4%. Without going through my notes, I think they get more like 75% with Nexus taking a slice also.

Morning CC. It's funny that Sino, who gain 82.4% of the eastern alluvials haven't willfully increased to well over 400tph already...I would have with those rates. It makes me wonder why they haven't! I believe that a clue is in the actions of Omnia to move onto their own alluvial concession instead, and also where Moz failed and went bust. If Colin is enacting what I describe, then I have to support this move. As you say, the returns are far greater.

You can start by reading the Companies Act. However, I am assuming that the alluvials are being forgotten. Sino have not yet increased to 400tph, by will, or by obligation. Moz failed with their attempt. Colin said a new alluvial contractor would be found for the eastern concession(M & O Block). Personally, I think CB would be right to drop the pursuance of alluvials....Look where it has got us up until this point....more hassle, time and cost than its worth. Notice how CB is now driving towards getting the HRs ready, and quite rapidly too, with FB 'possibly' about to be thrown into the mix with Omnia aswell. Talk of Zim acquisition... I think CB is showing signs of accepting defeat in terms of the alluvials and making swift counter plans. Just my opinion.