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Well my opinion is that that the SP will continue to drop. In the GM they state they expect the SP to increase but that's been the company position for years. Realistically the only chance of a bounce is when the diamonds are handed over the company. Its been over a year so any timescales provided by the company mean nothing.

Vast have stated, 'The Company's share price is, at the time of writing, near to its par value of 0.1p. The Company may not raise equity at a discount to its par share price, and therefore, in order to facilitate the raising of the necessary capital, the Directors are proposing a reorganisation of the Company's share capital so that there are fewer Ordinary Shares of the Company in issue whilst maintaining the same par value of each shares (0.1p) with the result that the underlying value of each Ordinary Share is proportionately increased.' They therefore know they need to issue placement at a discount to current SP to have any chance of success. We have seen what this has done to SP over last 5 years. Basically back down to nominal value unless Copper price increases significantly or diamonds handed over. Cannot see Swizz company buying in over 0.1p in view of current SP being nearer to 0.07p.

Currently most roads lead to falling SP with potential outside chance of diamonds.

Lol, if you look past the last hour think you'll find it has been dropping at an alarming rate over past month, 6 months, year, 2 years, 5 years...Let's not let the facts get in the way of a good old ramp.

Heck, you'd be better off investing in a failed company over past 5 years at least you'd be out of your misery. Here the company issues share placements followed by consolidation after consolidation. Those who are invested long term or followed the company know the issues.

One great to trade if you time it well. When you know there's a likely consolidation in a matter of days and placement why the ramp?

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The Directors would like to stress that the authority is required in order to give comfort to the Creditors.' So this was previously requested as well and placements were made to keep the lights on.

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unlikely event of enforcement of security in favour of the Creditors' It's as though they don't want to pay the creditors back!

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to issue shares as will, at a margin to the current share price' when has this happened at Vast. We saw a drop in SP of 20%+ following the RNS. Which institution would pay a margin to current SP. Anyone purchasing placement shares would look at the trend unless your a PI I suppose who are gullible enough to purchase them.

'Directors would like to stress that the authority is required in order to give comfort to the Creditors.' As a creditor damn right you want to know your getting ur money back otherwise you enforce your rights to the security.

'near term prospect of receipt of the historic parcel' Don't think any of us have heard this one before. AP did mean days but a year and a few days weeks...

'benefit of current discussions with the owner of the Swiss investment company' how many conversations have been had with finance providers over past few years. We have all seen outcome and resulting SP.

'or if required not at prices similar to the current share price' That's probably the first thing they have said which is right. The SP will more than likely be at a discount following any consolidation taking place.

If course it's possible one of the possibilities may come off and prove my comments wrong. Based upon Vasts track record I know what I would believe and will only believe what they have stated when it actually occurs. If it does I probably will buy again, likely to be a higher price but that's better than the alternative in my view.

Good luck to those still invested here.

Well it's received half the funds to date so sounding more positive to me. Craig mentioned the first $2m was not refundable in the event of full payment not being made.

Love the disclaimer, 'Beaumont Cornish has not authorised the contents of this announcement for any purpose and no liability whatsoever is accepted by Beaumont Cornish nor does it make any representation or warranty, express or implied, as to the accuracy of any information or opinion contained in this announcement or for the omission of any information'

There's just now better risk reward opportunities out there.

I like high risky plays which this was prior to recent RNS. Now this just looks like a life style company as production figures never hit expectations or even close and other revenues such as Diamonds havnt appeared in over a year since High Court Case. Of if the Diamonds appear will settle debt but unlikely to have much left over. If company able to raise funds then yes may get a return but expect placement at at a lower price than consolidation SP. Worse case and more likely since RNS company goes into administration.

Just need to look through last few weeks, months, year or why not five years RNSs and presentations and you will soon see how many lies have been told or indicated. The resulting SP is clear to see markets reaction to company not achieving its stated aims or not needing any more placements which have been stated a few times over the years.

I sold 99% this morning. Same old Vast wrapped up in new paper. Took a loss (probably wiped out profits from last year's spike) but just once again confirms AP says one thing and does another. He just hasnt got BP mining enough ore. Well below levels intimated and figures to date show no real improvement against projections.

RIP Paul Watkins. I didn't agree with all he wrote but respected his passion for BMN and what they wanted to achieve.

He fought real hard and defied the doctors expectations. May he now find peace and heart felt condolences to his family.

I know prices havnt been good for some time. Likely to be a delay in receiving diamonds and then they need to be cleaned to check whether any gem quality in the mix which will be sold separately. I don't know diamond market but expect this would take a few weeks before going to sale. Welcome your thoughts on this.

The gem quality ones will make a difference subject to the minister not removing anything of value when he had his mits on them.

ASI yes I had the original valuation at $18m. It really doesn't mean anything until Vast have received them. Taking into account the free for all diamond rush which took place over Vasts diamond Concession as well as military mining I'd hope the company fights it's corner in respect to proceeds of sale but this is Zimbabwe and not expecting any concessions.

What we can hope for is an increase in diamond sale prices. To be honest if they can pay back creditors and get a decent concession in Zimbabwe most investors will be handsomely rewarded.

I believe in one of interviews AP gave after the news of diamonds he advised they were at least the value of Vasts market cap at the time (approximately £15m) . Would need to check this but that's my recollection . Of course this was a gustimate by AP based upon previous review of parcel by assors in London. I believe this was before the dodgy minister got his hands on them and then had to hand them back following Court order. I also expect taxes etc will also need to be paid on sale of diamonds. No idea what deal has been done on sale and I know Vast have previously offered up to 50% of sale price to government in years gone by. As always just conjecture on my behalf until diamonds received and sold. Probably still be non the wiser until Report and Accounts issued. Just the way with Vast and their transparent process :P

Just a change in terminology. Where Vast BoD are concerned they provide limited information. Agree they previously stated no agreement to minining Concession until diamonds handed over. It's coming upto to a year in a weeks time since the court ruling. I know things move slowly in Zimbabwe but this seems to be dragging on a bit too long even though I previously advised this would take months to resolve.

No real progress noted in RNS. Even the CEO states, 'Current production, having improved from low historical levels, is still not at the level we would like.' The truth is production is at a fraction of previous stated goals. Lots of investment made, introduction of mechanised mining and still production levels are woeful after years of investment. Without showing a business plan investors are better off not agreeing any new placement of shares. The SP over past 5 years shows the state of the company even after the positive Zimbabwe court case.

Has their been a change in language in respect to Zimbabwe ,'The Company retains a continued presence in Zimbabwe in respect of the Historic claims.' Are they no longer looking for a mining Concession? Unclear as normal.

Progress made in respect to new revenue streams but once again more detail needed. Company needs to demonstrate it can provide a return to investors and not just pay the BoD wages.

Initial drilling results have been very positive. Fingers crossed can be extracted generating free cash flow. If it's not commercially viable then cut your losses. The last few years plans have been dismal for investors in respect to BP. Just my thoughts as had enough of this dilution without any returns. All good being positive but you also need to keep an eye on the facts

He's got two-three months to build in a plan to call an EGM for approval for another placement if required. It's not as though we would have a choice if diamonds havnt appeared. Hopefully drilling results are good and loan repayment can be renegotiated but could be tight with timescales.

If drilling results are not as good as expected hoping AP makes the hard decision to close down BP as it's been a drain on Capital for years.

ASI why destroy his/her beautiful dream. It was nice and fluffy there. Let's just ignore the previous indications provided and latest updates by AP hinting at values. It would be nice to find a few gem quality stones in there which would push up the value.

I wonder how many more placements will be done before parcel handed over. Hoping this is the last one as this dilution is reducing the potential SP rewards.

In their 'possession'

Still surprises me people have an expectation that diamonds will enter a sale before it being announced by the company. I know Vast of BoD havnt been great communicators but even they would struggle to not announce developments following their statement last year:

'A further announcement concerning the physical receipt of the diamonds will be made on finalisation'.

Even if they do go straight to sale and not be physically in their position Vast will be shouting this from the roof tops to rectify their battered reputation in the market. Vast BoD have always been key to release positive news even if they can't subsequently back it up.