The release of the diamonds owed to Vast is not only a matter for Vast but more importantly Zimbabwe that aims to a achieve billions dollars worth of mining sector.
The unnecessary delay is causing damage to their aim ,the refusal to release especially after a high court order wouod be the end of their ambitions.
It is said that it will only be RNSd once its been sold and the funds cleared.
Why do people think that tens of millions of diamonds that fit in a handbag should be made public that its been picked up by Deliveroo on a moped heading to the airport ?
Stupidity i guess
Anything from Zero to £15m .Sorry can't be more precise, no one can not even the CEO.
HOWEVER the real value would be in a further or new mining agreement with Z government. This would be on top of the diamonds, be a 10 bagger
So that $13 will see Vast start mining and produce more diamonds, 10s of millions a year .
No wonder the deptors have asked to renew the warrants at 1.4p
Once the news of the diamonds plus new agrement is signed we have a 10bags
Zimbabwe ranks as the seventh-biggest diamond producer in the world with an annual output of over 4 million carats worth 420 million U.S. dollars, state-run Zimbabwe Broadcasting Corporation news reported Monday, citing the latest production statistics by the Kimberley Process Certification Scheme (KPCS).
In terms of diamond output, the Southern African country was only behind Botswana, Russia, Angola, Canada, South Africa and Namibia, according to the KPCS, a regulator of trade and production of diamonds globally.
Zimbabwe is aiming to produce 7 million carats of diamonds this year, and the sector is targeting an annual revenue of 1 billion U.S. dollars.
The Zimbabwean government expects the mining sector to reach a 12 billion U.S. dollar market value by the end of this year
This means Vast diamonds are worth $13m ,circa .30p share ,however if Vast can sign an agreement to mine with Zimbabwe then share price couod see 10 bags further, 3p
So imo ,the creditors may have agreed ;
1.To wait for the diamonds and be paid in full.
2.To convert the loan into shares at say .25p (guessing) and let the company ise the money to progress hence the mention of warrants being renewed at 1.44p ,at 1.44p the £9m loan would be worth £50m in shares.
I think there is a likely agreement before the diamonds come.
One thing that took my notice about the Diamonds is that the CEO in the interview said he knew the value of the Diamonds ans that its enough for Vasts purpose.
The value of the diamonds could only have been known if they were got hold of ,cleaned ,polished and valued recently .
Obtaining ,valuing and selling this amount of diamonds will take time especially that in the past its been stolen. Another stolen batch would certainly seriously undermine the Z bank
The diamond auction looks like its been marked to pay off the dept and the riase today for working capital .
They are reported to be worth anywhere from £10 to £40m ,no one knows yet until they are calued and sold not even the company .
Have to be honest the ceo works very hard to get things done ,past 2xweeks hes worked day and night to get the placing in .Hes made the forward sellers nearly a million profit in a week. Gona be very very busy day .
You hardly see a company on aim that doesnt shaft their shareholders