Vast Resources Share Discussion Threads

[yorgi] 13/2/2019 15:16

Focusing on getting BP up and into production would seem to me be the best bet but hopefully........those running the show know best !

[yorgi] 13/2/2019 15:14

They still have to settle with SSGI of course. Perhaps transferring PP to them would be a partial if not complete answer to that.

As for diamonds in Zim, no more than pie in the sky in my view. All the diamonds that were easily accessible have long gone no doubt.

[yorgi] 13/2/2019 15:11

Possibly Ianio, I would have thought the BOD must have given any involved in the placing confidence that a offtake was at least likely to soon be signed off. Otherwise a placing of that size is going to do no more than keep the lights on for another few weeks.

I view it in a positive light but as you point still ("might") be high risk top up time.

[sandcrab2] 13/2/2019 15:03

Straight on till morning now

Short-termers will exit the bus as the thing progresses

[ic0gcds00] 13/2/2019 14:58

Too many short terming bandits in here now

[ianio5691] 13/2/2019 14:58

Could clearing Bergen indicate imminent new offtake...???

SSGI to be settled via offtake as per plan with Mercuria.

As you say Yorgi, BP is still a valuable asset.

If Loan Budd is the place, can't see him selling into the market.

Hmmmm…..

Might be high risk top up time.

[mreasygoing] 13/2/2019 14:55

AP needs to keep his gob shut. Stop sticking his fingers into all the pies and just concentrate on the key assets. It's Not f'ing difficult.

[aidenabettin] 13/2/2019 14:54

Heading for 10 billion shares!!!!!!

[yorgi] 13/2/2019 14:47

Interesting point Ianio. One might conclude he would have had a very good idea of the potential as well as the risks when putting in such an investment in the first place.

[ianio5691] 13/2/2019 14:43

Wonder if Loan Budd was one of the placees?
Can't see him being happy with the current price after his recent substantial investments....

[aidenabettin] 13/2/2019 14:30

What a mess!!!!.But as long as Bergen are paid all will be ok :(

[yorgi] 13/2/2019 14:25

I agree Ianio. Ideally I would have thought that would have been best but we will see how things pan out.

[ianio5691] 13/2/2019 14:20

Would have preferred a bigger placing and clear SSGI as well.....

Immediate issue still cashflow though.

[yorgi] 13/2/2019 14:19

Market/buyers see it in a positive light !
For the moment at least.

[yorgi] 13/2/2019 14:17

Well I guess that ensure that the BOD still have breathing space secure another off take agreement if possible.

[tomboyb] 13/2/2019 14:16

placing -

picked some up at 0.14p -

[aidenabettin] 13/2/2019 14:15

Gone gone gone

[yorgi] 13/2/2019 13:06

Fair comment Ianio !

We will have to wait and see but nothing certain from the looks of the situation the company is now in which is a great pity with BP being such a valuable asset.

[ianio5691] 13/2/2019 13:02

Agreed that a placing is the only sensible option left Yorgi, but at what cost?

They need to get the shareprice up and off the floor to even consider it, as it will be impossible to place at current price.

If they have any golden nuggets of info left in the bag, that can be dropped to give a lift to say 0.2p, they would then need to issue 2.5billion shares to raise the minimum needed of £5m....!!!

A dilution of 38% - but at least we would then have the cash to clear some of the millstone debt, and fund BP into initial production.....

Completely ridiculous position to have put us in!