Member Info for Dicko80

Zimbabwe Central Bank’s Diamond Stockpile Boosts Mineral Reserves

Aug 15th 2023

As a move to bolster mineral reserves, the Reserve Bank of Zimbabwe has amassed a stockpile of 300,000 carats of diamonds..........................

Zimbabwe Consolidated Diamond Co Ltd. and Murowa Diamond Ltd., a subsidiary of Rio Zim Ltd., are currently the sole operators within the country’s diamond sector. The mining landscape also encompasses units of renowned international companies such as Impala Platinum Ltd., Anglo American Platinum Ltd., and Sibanye Gold Ltd. However, platinum and lithium producers continue to settle their royalties in cash, affording them a unique distinction in the evolving regulatory landscape.

The Reserve Bank’s initiative to stockpile diamonds is expected to further enhance Zimbabwe’s prominence as a vital player in the global mineral market. The adoption of this novel approach reflects a concerted effort to fortify the nation’s resource base, insulating its economy against external fluctuations and laying a foundation for sustainable development.

While the value of the diamond stockpile remains elusive, experts predict that its presence will undoubtedly contribute to INCREASED INVESTOR CONFIDENCE in ZIMBABWE'S mineral sector.

The move also signals a broader shift towards embracing innovative economic strategies that prioritize the preservation and enhancement of the nation’s natural resources.

As Zimbabwe leverages its mineral wealth to navigate economic challenges and chart a path toward prosperity, the Reserve Bank’s diamond stockpile stands as a symbol of the nation’s commitment to strategic resource management. With the mining sector at the forefront of this transformative approach, Zimbabwe is poised to create a blueprint for other nations looking to harness their own mineral potential for sustained growth and development.

https://www.thesouthernafricantimes.com/zimbabwes-reserve-bank-piles-diamonds-amidst-new-royalty-rules/

No gona want any negative press are they...

Unfortunately all fundamentals go out the window when there is a large seller

Not invested currently, on the watch list

GLA

In the recent interview when questioned AP stated it would wipe off all debts,

debt free and start up all the projects including 2nd mine, diamonds and pipeline of projects

Company maker has been stated several times by AP

so would have to be £15 - £20m IMO

Please see link for price

https://www.paulzimnisky.com/roughdiamondindex

depends if there are any special diamonds in the parcel as well, they would sell for more

The rough diamond price is around $158, so more like $20m

Is it a leak Rick ? :)

get the rockets ready

back into the 30's..

trend reversal , breakout of the downtrend channel, signalling buy ??

GLA

Currently you can sell a hell of alot of shares online...

why would they be willing to take so many shares ???????????

RNS logged

buyer in the background

who knows but the market always knows before us

Strong buy

Not many sellers down here..

first tick up

won't take much get back into the 30s

Https://audioboom.com/posts/8242467-andrew-prelea-of-vast-resources-we-are-the-most-undervalued-stock-on-aim

"We are the most undervalued stock on AIM"

This was at 0.55p

You can buy at 0.29p today

Barrick Gold CEO Says This Is The 'Most Strategic' Metal Of Them All — And It's Not Gold

Aug 16th 2023

https://finance.yahoo.com/news/barrick-gold-ceo-says-most-165657257.html

Barrick Gold Corp. (NYSE:GOLD) is one of the largest producers of gold in the world. But CEO Mark Bristow recently emphasized the importance of another metal to keep an eye on.

During an interview with CNBC, Bristow said, "My view is that copper is the most strategic metal out of all the metals."

He pointed out that batteries are a major driver for copper demand, but there's more to the story.

"Batteries is not a long-term solution for the future of a better planet for all," Bristow said. "What's really important is greening our grids, and we've started seeing that with big cable connections around Europe. And we've got to take the greener energy or renewable energy to the industrial regions. And to do that you need big cables and the only way transport electricity is with copper."

Another plus

Looks like they've started to close their short aswell

.52% down to .4%

could see a short squeeze and a goodbounce from these levels 👍

https://shorttracker.co.uk/company/GB00BMD68046

Hi never,

My post was to highlight where we are with BP mine, its taking a long time to get where it is but now value creation with production turning a profit and reaching 14ktpm which the associated value of £89m vs £9m

The Company RNS ref diamonds 7th Aug to me it reads diamonds are on its way with such a near term date of end of sept mentioned

Current mktcap £9m offers lots of upside with Q3 being the turning point for the company

Hi HH

Agree with that, what better time to invest when production is ramping up , mine has broken even and due to start making profit and quickly reach name plate capacity

The other bonus is we have a 2nd mine that could start production in the near future

Thanks mate good info

To think mkt cap is just £9m

Q3 re rate begins Monday

could seriously multi bag this quarter with BP and diamonds drop in

BP mine

Now the Company has reached breakeven, what is it worth once we return a profit and reach nameplate capacity of 14ktpa this quarter ?

"Shore Cap’s base-case post-tax 2022 valuation for VAST is £86.9mln or 36p per share on a fully diluted basis, assuming the company successfully achieves its Baita Plai mine plan of 14kt per month producing 8ktpa of copper concentrate"

https://www.proactiveinvestors.co.uk/companies/news/963646/vast-resources-looks-undervalued-compared-with-peers-says-shore-capital-963646.html

7th July (Q3 2023)

Baita Plai The Company will be updating the market regarding the Q2 2023 Production Report in the coming weeks and drilling results achieved to date from the drilling programme. The Company can however report that operational breakeven has been achieved in June 2023 and that name plate capacity (14ktpm) is now anticipated to be met in Q3 rather than H1 2023.

https://www.lse.co.uk/rns/VAST/placing-to-raise-16317m-and-company-update-cssfr53kerben1u.html

Hi HH

Yes quite the turnaround in afternoon session

Never,

I think now is the time to be positive, last time i was here it ten bagged but the company is in much better shape now

Current mkt cap £9m

They have raised £5m in the last 6months

06/02 £2.3825m @ 0.55p

12/4 £0.979m @ 0.46p

07/07 £1.7m @ 0.35p

AP invested £82.5k @ 0.55p placing

£5m raised

Mkt cap £9m

2 mines in Romania

MP on care and maintenance ready to recommence Subject to finance

BP now at brekaeven , ready to turn a profit this quarter and also reach nameplate capacity 14ktpm

Also drilling in Romania to form up ET of 5.8million tonnes

Taji production , Vast 12.5% royalty , added further money to the bottom line profit

Diamonds - historic parcel of diamonds could be worth $38.82m , x3 current mkt cap

Previous auctions of Zimbabwean diamonds have fetched an average of about $400 per carat, but this rises to $12,000 per carat for exceptional items. As a low ballpark, consider that VAST’s diamonds are below average, and sell for $300 per carat. At 129,400 carats, that’s $38.82 million. Excluding expenses, investors are looking at a rough profit of $35 million — more than double the current market cap.

And this excludes the value of its multiple exploratory operations. Of course, there’s also a possibility that the diamonds fetch the average of $400 a carat, or even far more.

https://www.share-talk.com/vast-resources-shares-aimvast-diamonds-in-the-rough-my-cup-of-tea/

Release of the diamonds is "company maker"

https://total-market-solutions.com/2023/07/vast-resources-plc-july-2023/

Not only will stop share dilution going forward due to the value of the diamonds, but also opens up opportu items in Zimbabwe , diamonds, but cash once sold to re open MP mine , so then 2 producing mines and pay off the asset backed debt

AP in the interview above, i've never seen him that relaxed , reading between the lines his participation in placing @ .55p for £82.5k was him thinking - diamonds back ,loads of cash ,mine profitable

Today or Monday you can buy at .29p with the above sp catalysts due to send the sp much higher

Anyone trying dummy sells online in afternoon trading will know you could sell large amounts, I was quoted online 7million @ 0.281 then the sell priced moved to mid price late afternoon 0.285 before close

Strange considering sp down 6.5% 🤔

News next week ?

Buyer in the background hoovering up stock

Trend reversal and Blue week next week

The press article thats been posted today which may have spooked some PI's into selling, was published the 7th August, states in the article about information 3 weeks prior to that date

but VAST updated the market the same day 7th August, which implies they are clearly confident in not only receiving the diamonds but selling them by the end of next month

current sp offers a great entry point or top up with the mkt cap £8m and the diamonds alone being worth double or more

thats before you add anything else

AP added recently -£82k at 0.5

AIMO - 0.28p great buy

Yes got the hoover out... buying 0.28/.29

Looks a good opportunity at these levels

under recent placing price

June production figures 50% of the quarter, mine now breakeven....ready to turn a profit

diamonds @ $400 pk would be worth $38.4m or £30m , x3 current mkt cap.... maybe more "COMPANY MAKER"

diamonds licence back in play

taji - production to come online to improve figures

also another mine on the books potentially back in play once diamonds sold..

Selling at this level.....little left

mkt cap £10m

Previous auctions of Zimbabwean diamonds have fetched an average of about $400 per carat, but this rises to $12,000 per carat for exceptional items. As a low ballpark, consider that VAST’s diamonds are below average, and sell for $300 per carat. At 129,400 carats, that’s $38.82 million. Excluding expenses, investors are looking at a rough profit of $35 million — more than double the current market cap.

And this excludes the value of its multiple exploratory operations. Of course, there’s also a possibility that the diamonds fetch the average of $400 a carat, or even far more.

https://www.share-talk.com/vast-resources-shares-aimvast-diamonds-in-the-rough-my-cup-of-tea/

GLA