Member Info for Beetroot

Down on the opening bell but no reported trades yet !

They were sold, and identified as such at the time hence the injunction. It was the unknown ownership of the remainder (along with it being a significant holding) that was the issue.

My understanding is it is all resolved with no loose ends.

We're down, is the price is being held down ?

The 2m from Thursday is a very late posting though. Don't know how they justify that.

And add on the other assets. Ghagoo, for example, although problematic is absolutely hummungous, biggest £ by far I reckon, even 10% is a massive deal for us, and it could be put into production very quickly.

https://twitter.com/StockBoxMedia/status/1511273799718735874?t=NJhmRJNjNPUNIzOAmyHhow&s=19

But it can't be taken as an update jscapper - it is from the standard 'about Vast' blurb that has appeared at the end of many of their RNS releases for quite a while now.

Yep that is preferable. I really hope VAST back out and another party steps in. VAST is badly run, unreliable, with a shocking bod, and almost certainly going pop. Although bizarrely, Ghaghoo, if they pull it off, could save it !

So, the agreement ...

The Purchase Price is payable in two instalments. The first payment is US$2 million and is due five days after all suspensive conditions have been fulfilled. The second payment is due by 23 December 2021, or five days after all suspensive conditions have been fulfilled if later.

· Completion is subject to a number of suspensive conditions being fulfilled by 31 January 2022 unless otherwise agreed between the parties including:

o Written confirmation from a bank acceptable to Gem Diamonds guaranteeing payment of 80% of the Purchase Price
-----

So unless altered tetms have been agreed (necessitates an announcement) then the deal must complete by 5th Feb. But, reasonably, we could expect updates on progress before that.

As previously noted by others, VAST do not look capable of completing the deal. AP has said he is/was in discussions with 3rd party financiers (i.e. VAST not directly funding the deal) . If a third party was to go ahead, and with VAST on the brink, it would surely only be with someone on the sidelines ready to step in, or with their faith in BOD to take it on completely, should VAST fail ?

The production update due from VAST next month might be the make or break for them, and therefore the Ghaghoo deal, at least in its current form.

Any other views ?

Processing the tailings at ghagoo will probably be the first income from diamonds. Assuming the purchase completes smoothly in Q1,22 of course.

Interesting. Our little BOD is all fingers and pies.

Lots of ****y little trades today.
Come on big spenders, take note.

Thought we had news for a moment... just warrants being exercised.

None taken 799.
I think you're right about there only be a small group setting the potential here .. means it should absolutely explode on the right news.

Some good buying action today. Not just you lot hopefully :-)

Thanks Johnboy, good to hear that they are in fact buys. I should take the trade data too literally !

I've stuck some in my kids' ISAs too.

A fair bit of selling recently and the price is back under a penny, annoying but good for topping up. Folk losing patience perhaps. But like many here, I'm holding in the expectation of stunning news, any day now, and a significant bounce up. Fingers crossed, but either way, there are plenty of other opportunities in the pipeline for BoD.

Yep, we need a holding statement at least.

He has, and what a fantastic sunset.

As are several of the other assets, BOD is rich with company making prospects.