Member Info for forfaiter

The article does highlight that the court order is no guarantee of getting the diamonds.....

"as this setback can be rectified easily and I expect the next rns will state that drilling has commenced again."

What makes you such a drilling expert.......keep ramping lol

The II buying in gives the whole story credibility......holding for bigger gains

The point I am making is that we do not know......you may be an expert and this is your field but you are as much in the dark as the rest of us mere mortals to what is in the package of diamonds.....GL

Well the same can be said why did he bother to put in a secure facility like a bank if it was all the rubbish?...lol

From google:

"According to KPCS figures, a significant percentage of Marange production consists of larger goods up to five carats, but only 8% of the output is of gem quality.7 Mar 2014"

Deltalo......your nearly break even.......dont be greedy get out of this dog...its only for trading....GL

As I posted earlier......5-10% of Zimbabwe diamonds are gem quality......not as you say 1.5%.... which is only your opinion...not fact......as you like to remind us all......face it for all your waffle you do not know what percentage of the package are gem diamonds......just guessing like the rest of us......could be the whole package for all we know......why would Mugabe take the rubbish....?

What would the market pay for a Zimbabwe gem diamond in the rough ?

All your calculations do not allow for a certain percentage of the package being gem diamonds.........say 10%.....at $400 ct...that adds approx $5m dollars to the $12m valuation for your assumption of no gem diamonds......getting us up to around $17m for the package.....but I cannot imagine for one minute Mugabe would have taken all the rough diamonds without taking any gem diamonds would you?

"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.15 Feb 2023"

Not quite......your lower valuation was $7.5m........and I am allowing in my estimate for gem diamonds....

"Are Zimbabwe diamonds good quality?
For a country with so little, Zimbabwe stands to lose a lot. The diamonds themselves are generally low quality, suitable for industrial sale only. Five to 10 percent are gem quality; these fetch a far higher price.1 Oct 2010"

Depends how many are gem quality......as I said not even an expert like you knows that?

Spot price today for Zimbabwe diamonds is $93ct.......about $12m total........but could be more with gem diamonds....

All fine......but you still have not seen the package of diamonds......anyones guess to what they are worth.....

By the way you have not seen the diamonds so your "factual "analysis is only a assumption like the rest of us......

Your concern for the fellow investor is touching.......no agenda then?

Who says its factual......you?

Not surprised you still have the diamonds in the work shop you spend all your time de-ramping this stock to find time to sell them on.....

Whatever......what it does give them is options....all positive not negative going forward.....

Depends on what the diamonds are worth? could do both ?

With the asset of the diamonds they should be able to refinance the debt.....especially as they are heading for break even with BP.......

How many growing businesses are debt free?.....debt is a necessity and as long as you can meet the payments due is not a problem.....growth is what the market likes and the money from the diamonds will put the company in the right place for further growth......what the diamond money does is give the company financial stability which is what it has not had in the past...