Sharetalk on Twitter17 Oct 2023 13:07
"I know that #VAST investors care about Baita Plai and the other various assets, but my concern is the diamonds. You know, that 129,400-carat parcel of rough diamonds investors were promised in early February 2023 which are likely worth tens of millions of dollars?
On 18 September, the company noted that ‘due to the recent election process over the course of the past month, the Company has been unable to progress the settlement of the historic parcel as it had expected, however, the Company remains confident of finalising the process and it will report further progress to the market.’
Of course, A&T Investments and Mercuria Energy Trading SA are also waiting for payday — and have agreed to delay a repayment from the company to 30 November 2023. This suggests (hopefully) that the diamonds will be handed over this quarter.
I increased my speculative holding earlier this month, for three reasons. First, the diamonds could be handed over at any time, second, the company will likely sell them before making any announcement, and third, having raised £8.4 million since last September the stock has still fallen to around 0.2p.
This leaves room for a huge spike imminently — though, for clarity, I’m not here for the long term."