Member Info for Castaway

How does that affect BOD? - assets are in Botswana and SA. There is only a potential JV with VAST in Zim if Vast acquire assets at Marange, which as yet they have not.

https://www.lse.co.uk/rns/BRD/holdings-in-company-c35ptcnhx2t57mg.html

With regard to the FCA, you have to remember you/us as shareholders own the company, if you have a problem with the way your company is run then you have to deal with it, GM coming up - you have a vote use it! - the FCA is to ensure that legal due process is maintained and whilst it appears to you it is not, it probably is. Although a few posters on this forum seem to hate me because I have been positive about VAST if you look at my posts I have always been honest and backed up my posts with facts. I have been endlessly misquoted by several posters who just seem to like attacking me with little reason other than I see the potential.
My position is to back the company I am invested in and I continue to do that with VAST, I was not comfortable with the Atlas deal and several other decisions that have been made. The bridge failure should have been foreseen with the time VAST has had to prepare the mine for production.
Though I may not openly criticize the company, I make my opinion known to the relevant directors as I did when RP was CEO.
I backed AP as CEO for many reasons, I have not always agreed with his decisions, but if you back someone you have to let them the freedom to forge their own way. AP inherited a company on the verge of either administration or being taken private. VAST has a complex history which very few know - all the current assets have been brought to the company by AP and whilst he may not be the greatest CEO on AIM he has been vilified way too much IMO. IMO we will get the funding from the tier 1 bank and it is a game changer for VAST, IMO it will be about Romanian infrastructure etc. and boosting the Romanian economy. If VAST delivers this then we will get the Remin mines and that is pandora's box - $billions worth of assets. I also think we will get diamond assets in Zim eventually.
I do not post much here as I do not wish to get into personal attacks, it's pointless, though some on this BB seem to get off on it!
Anyway I hope this is the bottom s/p wise, if you look at the potential VAST is a great investment right now - just ignore the current s/p, it should be up soon if there are no more snags!

Also we have the enhanced CPR due any time, they have hinted that the licence area contains much more kimberlite than has been announced thus far.

There were a few buys coming in after the RNS, but it was "only" a single $70k stone, the last big one was 12 carats and worth $100k+
To me this shows good progress, larger stones are being found as expected. What the market wants is proof the company is now profitable and that should be clear soon, hopefully Q3 production will be announced soon and that will probably be a game changer if all the hints coming from the BoD are correct - 5 cpht, larger stones, increased ROM of kimberlite and not mixed with overburden.
All looking very good IMO.

I hope the BoD have something good to announce soon. I am getting a bit tired of 6 monthly placings at the same level. The company needs to get a project to the point shareholders get some value on their investment. Marsfontein should deliver that - shame it has been delayed due to covid, (bit like BlueRock) but it looks good for the future IF James C can deliver a project to the point a JV or sale can be achieved. I am positive about BOD, the assets are so undervalued and diamond prices recovering - good time to buy (as I did today).
The good point about the placing is that it went to directors and those close to them - so there won't be any flipping I hope.

The MC is only around £4mil, cash in bank was around £2.4 mil in July - I think the s/p is probably a bit low ;-)

Agreed perroverde, should be the start of some very positive newsflow over the autumn,.

I seem to recall they stated they are making a profit stringer and have been since the start of Q2 last financial year - just unlucky with CV-19 this year - not saying the previous management didn't mess up but....
They are very excited about the future - they just don't sound it :-) http://www.bluerockdiamonds.co.uk/assets/GMT20200720-130115_BlueRock-S.m4a
I think they are being conservative and you can understand why, but it only needs one big stone or actually delivering on production targets and BRD will multibag - I am prepared to take the risk, they seem to be a safe BoD now.

Just doing some research on the Roper Bar Iron Ore Project held by Nathan River Resources (NRR) - AMC will acquire 19% on conversion of LN's in NRR.

From the following article dated Sept 18, 2012: https://www.reuters.com/article/us-westerndesert-resources/chinas-meijin-bids-457-million-for-australia-miner-western-desert-idUSBRE88H06420120918

China’s Meijin Energy Group has bid A$435 million ($457 million) for diversified miner Western Desert Resources Ltd the original, and now bust owner of the Roper bar mine, it was their only asset. 19% of that is $86 mil - not bad for a $4.67 mil investment!

Drop overdone IMO

Hi Capricorn - good plan re. the Chancellor, the FCA are not fit for purpose IMO - why the put SVS into admin over some of their funds investment policy is impossible to understand baring in mind all their clients who have had no access to their funds for a year - they signed ITI off for this and ITI are not fit to take on the SVS client base as we are a month on from handover and still no access! - I think Leonard Curtis are giving you a load of rubbish - many brokers would have taken delighted on all SVS clients - makes you wonder why they picked ITI who have no operational brokerage in the UK (to date!). The whole process sinks from start to finish IMO.

CV-19 not 10 - another thing I feel leeds to illiquidity is the stupid consolidation they did , it should be 3.8p not 38p - put's AIM punters off if they have to pay up for shares IMO.
The BoD is also clueless about PR and interview like several corpses at a wake - sorry if you read this BoD, but try to get a bit of excitement in your podcasts please!
I do think they are doing all the right things though and I have been seriously buying this year.

Mr Nation, the share has tanked due to poor management in the past and some bad luck this year with CV-10 However I believe BRD has turned the corner and later this year the s/p will move up significantly. There are many (if not most?) shareholders at a significant loss (the s/p in 2015 was an equivalent of £165.00 per share, that is significant even by AIM standards!).
There are many just wanting out and until the company delivers on something substantial will feel the same way IMO.
If they do deliver what they are aiming at 100mil tonnes per annum by 2021 at 4.5cpht and cost of $190 and sale value of $400 a carat by early next year then gross profit for 2020 should be around $9mil - so with a current MC of just under £3.5 mil BRD is a very strong buy for me.
There will be a significant increase in reserves of ore announced in Q3 and sale of some large stones, it may take a few months but by middle of next year (if they do what they say!) the the s/p should be at least (even in SA) 3X gross profit so $18 mil or £14 mil or 4p s/p ish - could be higher, or a lot lower of course - that's the judgement you make buying shs.

Capricorn I have had an SVS account since around 2011 - I opened a Beaufort account a couple of years after that - I like to keep a few accounts for the very reason we are discussing - I just picked the wrong two. I also use IG and Spreadex.
I have heard ITI are going to allow trading next week and a friend has actually sold stock and been paid by ITI - so it should happen soon - I decided it was better to wait for ITI to open properly so I don't miss out on opportunities that I may miss if I transfer - though I could have sold some stocks at multiples of their current value had SVS remained trading - I am very unhappy with the whole process inc. the FCA/the administrators and ITI - all totally useless!
Sorry for the OT posts will stick to BRD now

I didn't state VAST was a mic cap, I was stating VAST is way undervalued. The company may be a mid cap in a few years with Remin mines, Zagra, Blueberry, Marange, Carlibaba. The potential is massive and VAST has copper, gold, silver, zinc, lead , molybdenum .
Way undervalued - look to the future.

There seems to be a lot of talk about a placing next week - I understand this after 3 placings in 3 months which I admit was not the apogee of the VAST BOD's tenure.
However the company have stated they have enough cash through to first sales and I don't see why not.
After 6 years of owning BP VAST is finally ready for first ore sales in early September , I for one (who have been invested in VAST from before BP acquisition) am excited.
For a company going into production with a mine worth at least $60 mil (to VAST) the MC of around £24 mil would seem low - add in the other assets and it seems even lower - there are of course the usual suspects deramping this VAST as per usual and I'm as usual positive , for one reason only, the assets VAST holds are world class.
Even Fantasy thought the MC at £31 mil was cheap before we got the BP licence. To quote Fantasy, he said in April 2018 that "In nutshell - Vast shares are worth 1.28p each without BP licence... told this before, UNDERVALUED is an understatement... bonkers" - we all know Fantasy is correct about all things - so why is he deramping VAST at an MC of £24 mil?
I learn two things from this, VAST is cheap according to both me and Fantasy and Fantasy is a complete hypocrite.
VAST is a strong buy IMO MC $60 mil on BP alone is low, that is £47 mil, current MC about £24 mil.

Hello Capricorn I have been in the same situation as you with Beaufort and now for my sins SVS - the Beaufort administration seemed to completed in around 6 months and there was a seamless t/f to some good broker, with SVS it is not far off a year and the brokers they picked to t/f shs/cash to are not prepared or even up and running as of today - we were assured we would be trading (or able to access our cash) 2 weeks ago with the new broker ITI Capital. I think it may take a week or so to t/f your holdings to another broker as ITI seem ill prepared. The whole ITI platform is being built before my eyes, I log on every day and a little bit more is done. Apparently ITI will be tradeable by middle of next week so fingers crossed - the whole SVS debacle should be looked into why the FCA had to deny thousands of small private investors of their funds for nearly a year due to some irregularities with some funds SVS managed is beyond me. I doubt complaining will help but when I do eventually get my investments back they will be getting a very long tirade by email from me!
Good luck with your transfer.

They are aiming for 1mil tonnes production per annum by the end of 2020 if you extrapolate the revenues based on expected costs per carat for 2021 of $190 and rvalue of around $400 per carat and grades of 4.4 CPHT you get around $9mil gross profit - the build up to that has been going on since restart of mining following lock down fe CV-19 in early May. The BoD seem to struggle with PR, the figures will win out despite this.

BOD will come good soon, just need the M8 bulk sampling and the PFS - should be fairly soon - the assets are amazing, we just need some value accreted to them