By Nigel Somerville, the Deputy Sheriff of AIM | Sunday 20 October 2019
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
It is now 12 days since my piece on AIM-listed Vast Resources (VAST) telling readers to be careful out there. At the time, a promised $13.5 million finance facility due to be signed the previous week hadn’t yet appeared and there was no sign of its much-vaunted Chiadzwa joint-venture project which was supposed to have been signed off in the first week of October actually being signed either. Well, here we are – is there any news, or is Vast to be put in the same camp as those chumps as Providence Resources and Lansdown who were waiting….and waiting for cash for their Barryroe well which never came?
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