Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
Unfortunately some investors fail to realise what's not being said or is rather omitted in an RNS. We have not and are unlikely ever to see, just what soothing words were written by the Zim Govt to VAST to placate them and their investors. Whatever they said was most certainly not a guarantee of the date of delivery. Vast’s lawyers or staff have taken it upon themselves to put a warm optimistic interpretation of what they have been told. Hence cleverly using in the RNS of 12th April, such words as “that INDICATES (my caps) the matter is EXPECTED to be finalised during the course of this month (April) or in any event not later than the first half of May”. You will note that the words ‘will be finalised’ are carefully omitted.
So by the time the diamonds are received and fully processed ( asimpleinvestor so rightly brings his professional observations and realistic clarity to this bb) and the money is in the bank, it could easily take a few months or more. Unless, VAST has already agreed satisfactory offers, based on a number of valuations at different stages in the degree of processing, cleaning etc etc.