The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
To say that its a discussion board is wrong. People use it for all kind of reasons some far from discussing topics
The mc is not £18m but it is £3m ,without the loan being paid or diamonds coming there is imo only another half million pounds that can possibly raised before its worthless.
1 for 6 consolidation has wiped off half million from the mc ,imo its been siphoned off via a raise and is a con
Big about to happen
I don't know about him but i also dont know anyone who invested that much money unless they new it was worth it
If the parcel is worth $38m then a mining agreement is worth that too so a £100m market cap ,twice my prediction .
Id be happy with a £12m at worst for sure
I read somewhere that the debt stood at £9.1m ,some of us if not all are wrong
Nevertheless release of the diamonds at £12m would give Vast £25m cap plus a mining agreement for diamonds and or gold double that so between 5 to 10 bags coming .
Mcadder i dont think he valued the diamonds at £25 but the value pf the company, which i agree with his opinion
Market value today is £6m ,dept is £10m ,clearing the dept has a value benefitial ,this means the diamonds are valued less than £25m ,between £8 to 15m id say
£25m market capital on release of the diamonds and another £25 on a if new agreement being signed ,so a 10 bag is about right or 5 bag just the diamonds
The raise at 1.5p put a dampener ,i was not impressed by how quick they raised straight after a huge RNS .Seemed like they have looked after their private friends rather than their shareholders .
They could have waited few more days and easy raised at 3p plus but they chose not to .
The CEO has been praised by a lot but the hard work by the previous CEO ignored .
I am not impressed by Lorna ,imo she landed in the right place ar the roght time and is now handing out the good fortunes to her friends and not tje share holders.
This would have gone to 6p if she had waited a week longer rather.
I dont trust her .
If and when the release of the legacy issue and a new mining contracts together land it will open at 1p ,a 10 bagger for sure .
Yes we all know the diamonds have been locked up for a decade and its hand over persisting since the high court order but i am of the opinon its the mining contracts thats the delay rather than the hand over of the diamonds.
I dont think that Zimbabwe would tarnish their $10 b aim of value in the mining sector for what £10 milion
I also think the news is very near so im holding for 10 bag at least.
Steady move up in the price from Monday would be further evidence imo
It has also been said ,although i have not seen proof of it ,that AP keeps popping over to Zimbabwe ,if this is true and can be confirmed then that further suggests negotiations for mining contracts
If it was just the diamonds and its release i doubt the CEO would keep going there for talks on it ,would be dealt with the companies solicitors since the company is in posession of a High Court order ,ie there is nothing to be negotiated.
I would add further that the High COURT has ordered the release pf the diamonds in favour of Vast ,that was over 6 months ago and we havent heard anything contary from anyone to say its been disputed ,any high court order would be extremely difficult to overturn anyway .
What we know the dimonds couple already have been sold
the money in the Central Bank of Zimbabwe in escrow
I cant see why the creditorss would keep postponing the dept over and over unless .If the creditors felt that there was no evidence that their money is coming they would not have postponed it ,especially if they were of the opinion Vasts position was not improving for certain
I dont think there was any implication anyone needs AP not even vast nevermind Zim
What is needed is Zims reputation to be cleaned up for their very ambitios mining sector aims to be implimented and Vast and all other miners legacies to be settled .
Zimbabwe needs foreign investments ,they wont have their own funds obviously so foreign companies are needed and for that Zimbabwe has to be seen to be nice.
They can't afford to be seen to be ripping off a company, a,settlement with Vast with their legacy bag of what ever you want to call it ia good but an agreement for further mining contract with Vast or any other will be seen in public news outlets very positive .
I am also of the view now that the bag of marbles are tied up woth negotioations for this .
If outcome is positive along these lines ie bag of marbles for Vast plus corracts then its a 10 bag of the bat with another 10 bags shortly after that .
The only way hes getting those diamonds is to steal them back from those thieves
We have seen so many false flags ,pumped dumps and more raises but nor the good news here that all expected fro so long .
Diamonds and loan agreement ,if it does happen then i see 5 bags of the bat.
Another 10 bag from here is too far unless production resumes and a healthy profit .
My prediction at .26p for 10 bag was on target .
I can see the share price between 6 to 10 very soon .
The last 2 updates value HE1 at £180m or more imo