Its fact that the Mugabes robbed the bank and long as ZPF is in govenrment theres no chance of whats robbed being recovered but that doesnt mean deals cant be done,however international institutions wont stomach any investment there incase its robbed again...and again ..
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
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 .