RE: Valuation28 Apr 2025 15:20
Investors who had the foresight or perhaps a very reliable crystal ball to snap up shares in Vast Resources PLC (AIM:LON:VAST) last week are sitting pretty, with the stock having doubled in value after the company finally got its hands on a diamond parcel that had been locked away in Zimbabwe for 15 years.
The long-disputed haul, held under seal at the Reserve Bank of Zimbabwe since 2010 by order of the Supreme Court, has now been released and is en route to Dubai for cleaning, sorting and a long-awaited valuation. Initial inspections have βexceeded expectationsβ and while the final carat count is still to come, the market clearly liked what it saw.
Vast called the release a βlandmark successβ and said the move shows Zimbabwe is open for business, at least for those willing to navigate the bureaucratic maze.