Member Info for discopablo

I'm simply stating that I think the package is worth more than the current market cap.

It might not be enough to clear the debt in full, but I guess what I'm trying to say (badly) is that because I think the package is worth more than the current market cap, this is now a screaming buy.

If we don't get enough to clear all the debt, I think a deal ref Tajikistan or a smaller loan to refinance will resolve current debts.

That high level White House meeting has to result in something.

Well the current mcap is 6.75m. I think the totality of the package is worth more than that.

Please note I didn't say the package would be enough to pay off the debt.

Very surprised by the market reaction today. I thought the RNS was sufficiently detailed to allow us to make a rough value of the diamonds by virtue of giving us a breakdown of the quality of the package. To that end, I now believe that the package is worth more than the current market cap of the company as a whole.

I'm a long term holder here and appreciate that the share price behaviour is going to anger and upset some, if not lots of people! Me included I might add. However, I think this is now a screaming buy at this price so have topped up.

I guess we need to take into account that 99% of everything is seemingly red today, plus RR IT news impacted the markets negatively first thing.

Surely just a few impatient holders. What does my head in is so many millions of buys in the last few days does next to nothing to the sp, followed by some miserably low level (comparatively) of sales impacting the sp in such a large way.

Hey ho, diamond sales soon. As I've said, even 5m quid would be a huge boost to the sp (well, company value at least!) but the major boost will be some announcements ref Tajikistan.

Same here, sold 10k this morning. Think it's undervalued, but the short positions keep growing so have taken profit due to growing unease. Will be back once they settle.

Agreed ifiknew. Read the RNS again and it does mention offtakes, maybe Tajikistan.

Maybe Muck, but a poor result is currently surely what is reflected in the share price already. Mcap of 9 million with at least several millions you'd have thought about to be banked. Even if the debt is reduced by some, it will be easier to refinance on the back of immediately having to repay less and with hopefully a business model behind us which brings into play, amongst other things, Tajikistan., which would demonstrate loan serviceability. From there, onwards and upwards.

I'm more excited by the Tajikistan potential than the diamonds.

Now the date of the second tranche has passed, I'd be surprised if we didn't start rising now.

I think it will be difficult for you not to make a return from this level!

Ah, in that case my apologies. I assumed he would be quoting actual prices achieved at least though surely, otherwise he's opening himself to ridicule.

Plus the other extra 6k gem quality on top.

Https://investingstrategy.co.uk/stock-tips/vast-resources-shares-diamonds-in-the-rough/

This was written in Feb 2023 but it gives an independent run through of what we have.

Agreed Metals. There is a lot of panic and assumption of worst case scenario before events have even been allowed to play out. Posters need to take a minute and realise we have a lovely parcel of diamonds which hopefully will be turned into cash in the coming weeks. As I said previously, I've no idea of the value, though there is a significant range offered on here. I think anything is a bonus frankly and fingers crossed the sp will start to rise now that there is an outline of a plan for the future.

Fair points Muck.

Why is it unreasonable to have paid himself back?

I feel quite bullish about the fact that a saga is about to end and the company can finally start to turn a corner with a set of new goals. Diamond parcel and everything associated with it has been going on too long and been the primary focus, seemingly at least.

Yes, saw that. I'm of the opinion that I don't know what the end proceeds will be, but even if it is, say 6 or 7 million, then that's at least half the debt gone. I'm going to start looking at this from the perspective of anything is a bonus. In my opinion, that kind of sentiment is also priced in already.

AP has surely put in so much time ref the diamonds that another bonus of selling them is that he can start to focus on other sides of the business and getting some value out of the company's other assets.

The final results don't tell us anything we didn't already know. If anybody learned anything from those accounts then I'd be shocked.

I'm just glad they got them out and met the deadline.