RE: Dicko!!4 Sep 2023 07:43
Reasons as below
Buys being delayed published...sells printed straight away
can sell as many as you want online...
Chart is primed..oversold
NEWS on many fronts due...
raised £5m at higher prices
mkt cap just £10m
production to hit nameplate capacity this quarter
Diamonds worth more than current mkt cap due to be returned to the company and sold
COMPANY TO BE DEBT FREE with 2mines, 1 ready to turn a profit, infrastructure £60m in the mine, show me another micro cap worth £10m or less for this
JV for diamonds to be progressed after release of historic parcels
hTTps://www.vastplc.com/wp-content/uploads/2019/12/vast_resources_note_12.19.pdf
Diamonds
Chiadzwa Community Diamond Concession (TBC%), an unmined license area in a
prolific Marange Diamond Fields that supplied ~60mcts over the last two decades, is
the second major project in the Group. A potential alluvial diamonds operation can
be brought quickly into production and at a low capital cost. On preliminary
management estimates adjusted for lower than planned plant availability (50% v
85% budgeted by Vast) the project is expected to run at ~1.2mcts in annual
production generating $45m in EBITDA and $33m in FCF per annum (at $58/ct rough
diamond price).
Diamond price significantly higher now
1.2mcts x c$100pk = $120m
on the above figures EBITDA was c65%, so on a like for like basis for illustration purposes, that would equate to c$80m EBITDA per annum
VAST mkt cap £10m
Here's the link to the company's website
https://www.vastplc.com/operations/marange-diamond-fields/
As AP has stated recently diamonds are the company maker
https://total-market-solutions.com/2023/07/vast-resources-plc-july-2023/
2nd mine to start up in Romania...
Taji production update...adding to the bottom line..
AP bought recently £80k at 0.55
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