Great interview. Only a matter of time here folks....
As I expected and mentioned previously, Tranche B held up by lawyers in different jurisdictions as per the hold up in the first tranche. So some can stop panicking now.
That trade is from last Friday.
I'd hazard a guess that you're using RSP, GG?? If you don't mind me asking what do IG charge for that?
https://twitter.com/vast_resources/status/1055389188097478656
By next Wednesday?????? They just stated in an RNS it will be released on Monday at 7am.
Personally Nh I would say next week is looking more likely, given the depth of the due diligence and jurisdictional paperwork involved that AP intimated at for tranche 1.
...FS to be released this coming Monday.
Unfortunately Tom lots of people couple their sentiment to the sp of a company instead looking past that and concentrating on the fundamentals.
You see all the time on AIM. The sp of a company starts to go up and people start buying without understanding why it's going up or what they're actually buying and conversely the opposite is also true. Dumb sheep punters will have exited this yesterday just because it was going down and in doing so mugged themselves in the process.
Angus, part of tranche 2 is needed to help get BP back into production so it will absolutely be drawn down soon. The rest is going towards the new processing plant for Manaila.
This is what happens when ridiculous speculation happens on BB's. PI's get spooked and sell, and then like the herd that they are the sheep follow suit and sell too, causing drops like this.
This BB is its own worst enemy on times. Instead of talking up the future, projecting cash flows etc. you turn to talking about a second placing and wildly suggesting that something must be wrong due to Tranche 2 not arriving as of yet. AP will deliver, that has been proven already I would've thought by now. He may not deliver on time but so what. Careful what you wish for guys, or in this case speculate about.
He did indeed Cast (I just trawled through quickly and found it). The other point in my post still stands though in my view regarding the all the lawyers and jurisdictions etc. Tranche 2 will come, of that I have no doubt but I’m more understanding as to why it hasn’t as of yet.
If the quagmire of bureaucracy in Rom is to be believed then we just have to wait for the historic shareholder to be removed and we can proceed, as intimated by AP in one of his recent podcasts. Remember the work that had to go in to securing the first tranche from Mercuria with all the different jurisdictions and lawyers etc?? If that has to be waded through again along with removing the historic shareholder then it’s no surprise to me that it’s taking a little longer.
Just an observation from myself but I don’t think you lot in here do yourselves any favours by speculating about another placing. Plenty of people who are of a more nervous disposition when it comes to their investments will look on here, read what the pure speculation and bail, this causing the drop. Just my tuppence.
It will come. There's a fundamentals 'backfill' happening here and the sp will react in due course. Hold firm.
https://twitter.com/ManhattanProEng/status/1052970673084264448
Apologies for the multiple posts. No idea what happened there!
Apologies for the multiple posts. No idea what happened there!
https://www.miningreview.com/botswana-diamonds-vast-resources-zimbabwe/