RE: Sale ?23 Nov 2023 09:33
Great news if its Vast diamonds but would think the company would be updating the market and shouting the news out. They clearly advised,
'Upon attendance at the RBZ, and in consultation with the bank’s internal legal counsel, the Deputy Sheriff agreed that the RBZ would confirm, in writing, the process that would define the procedure for the orderly and secure hand over the parcel to the Company, which includes the procedure for valuation for royalty purposes, export permits and Kimberly Process Certification.
Thereafter, the Company and RBZ will put in place logistics for the removal of the parcel attached by the Deputy Sheriff under the writ of execution.
The Company notes that until the process has been finalised and implemented there is no certainty as to the precise timing for the recovery of the parcel and will update the market as soon as there is a material development in this respect.'
With Vast BoD will they actually follow up with the release of diamonds before sale, I actually think 'Yes' as otherwise would leave themselves exposed to not announcing material news.