Member Info for Fronteracheckin

Looks like a classic shakeout this morning to me

Price dipping into the low 0.3s on very light volume isn’t what you see when real sellers are rushing for the exit. This feels more like market makers fishing for stops and cheap stock after a long period of sideways action and radio silence.

We’ve seen this before — thin trades can move VAST a long way intraday, then price often recovers once the weak hands are out and any limit buys fill. With big diamond news / updates expected soon, MMs will want inventory if there’s a spike.

Low volume + sharp drop = usually games, not panic. Could be a good opportunity rather than a reason to fear.

They're being assessed ATM anyway for JV / sale.

If there's no rns this morning, it means nothing material has happened and the assessment is just continuing on as normal / no negative court news 👍

Quarterly report is due end of October along with financial statement and debt statement.

Not quite sure how they'll count all our gold though, when zero mines are in operation.

Yeah I would totally do that Paul, and then when an auction house says 'how did you, Mr literal director of a company that received a diamond parcel, come to find some diamonds that are Kimberly process certified?'

Not to mention the Zim government having something to say about it.

I don't think he'd risk prison for a few diamonds, when he's milked millions in wages over the last decade from us shareholders?

Back to 35 today boys

And now 77 trades today. There's a lot of symbolism around this 77.. I'll take 77 pence per share... Or 7.7 I'll still be happy 😂

So a 44m sale or 1.1% of the company has just gone through in one trade. No a few 1-2m sells in a row lowers the price, yet the price didn't budge and to buy 3m shares right now is quoted above the ask.

Over the last few weeks and months we’ve all seen those huge 10M–50M prints go through on VAST, often at or above mid-price. Every time the debate kicks off — “buy or sell?” — but the real giveaway is the price action afterwards. If these were genuine distressed sells dumped into the market, the price would have fallen through the floor. Yet it hasn’t. In fact, the price barely budges on those blocks, while just a couple of million shares traded on the book can move the live price up or down.

That tells us two things:

1. These large blocks are being crossed or absorbed off-book rather than sold into the market.

2. Someone out there is building or consolidating a position.

When you put that together with the shallow float we see on the live order book, it points to accumulation. The market makers are clearly finding buyers for size, otherwise those 10M–50M trades would be hammering the price.

Upside? If someone has been steadily accumulating for months, it means:

Confidence in what’s coming (diamonds, JV, etc).

A potentially tighter float once that buying finishes.

Any positive news could spark a much sharper move because the day-to-day liquidity is so thin.

In short, the fact that these massive trades don’t impact the price is a bullish sign in itself. Somebody with deeper pockets is clearly seeing value here and quietly positioning ahead of the crowd.

GLA

Also for those wondering, the stone GIA report is;

1232624818

You can search it on: https://www.gia.edu/report-check-landing

This stone looks extremely like the stone posted on X as per the below AI overview.

Auctions are 14-30th September - and vast posted on the 15th and 20th. We'll see if they post anymore, but would explain the 'september to october' timeline.

So I've had an AI compare several images from X Vs the rapaport listing (I found you don't have to have your account business details approved to be able to view the auction details and images;

here’s what stands out when checking the phone-video screenshots against the professional GIA images of the 5.48ct Fancy Green-Yellow Cushion Modified Brilliant (SI1):

Similarities

Shape & Cut: Both sets clearly show a Cushion Modified Brilliant with rounded corners and a slightly rectangular outline, consistent with the GIA description.

Color: The body tone appears greenish-yellow in both. The professional scanner shows it a bit cooler (neutral grey background), while the phone video under warmer lighting pushes it more yellow — this is normal with diamond photography.

Facet Structure: The pavilion facets and central reflections match the modified cushion style, especially the “crushed ice” type scintillation you see in the phone captures, which corresponds to the GIA images.

Differences (explainable)

Lighting: The professional scanner uses balanced, diffuse lighting that shows internal clarity features and symmetry. The phone video lighting is warmer and directional, which enhances the yellow tint and creates more sparkle/fire.

Clarity Features Visibility: In the GIA images you can faintly spot inclusions (expected for SI1). In the phone video screenshots they are much harder to pick out, likely because of light play and lower resolution.

Angle & Distortion: The GIA scan keeps the stone flat-on, whereas the phone angles distort proportions slightly. The diamond looks more elongated in some phone shots, but that’s perspective rather than an actual shape difference.

My Take

From what you’ve provided, it’s highly plausible these are the same stone, just imaged under two very different conditions:

Professional scanner = neutral, clarity-focused, clinical.

Phone video = warmer, more sparkle, less clarity detail.

To be 100% sure, you’d normally confirm against the laser inscription of the GIA number on the girdle. But visually, nothing jumps out as inconsistent.

Can you post some images or gyazo uploads of the rapaport info? It's a lengthy process to be approved to view them

That article is wrong. There werent 6k carats found due to cleaning, the 6k parcel was found within the existing parcel that was previously unknown due to being sealed away for so long. The industrial stones being upgraded to gem quantity is so far unknown - and I imagine it is better than 6k (out of the 100,000 carats that are currently rought and not categorised)

On the auction timing:

Some have asked whether Vast could just wait until the end of October to tell us about sales, even if auctions start this month. The answer is no.

Under AIM Rule 11, any development that could move the share price has to be announced without delay. That means if an auction closes in September and sales are finalised, Vast are effectively obliged to RNS it. They can’t just sit on material results until October.

What they can do is run tenders through September, and if bidding is still open, then we won’t hear until it’s complete. But the moment sales are confirmed and cash is due, it’s price-sensitive and the market must be updated.

👉 So if auctions are genuinely starting this month, shareholders can expect updates as soon as sales are closed — not silence until October. That’s a very near-term catalyst window.

Id say two weeks till news, if auctions happen in September, we will need to be informed as it's material information

Vast has a history of regular raises, but the situation right now is different:

Reduced operating drain – with both mines temporarily suspended, the cash burn is far lower than in previous quarters when production costs were eating millions every few months. That means the pressure to raise immediately is reduced.

Diamonds are finally at the gate – tenders are scheduled to start this month and continue through October. That’s not “someday news,” that’s near-term cash generation, with the added uplift from the bespoke five-stage cleaning (and, judging from the images, selected stones even cut & polished).

JV and offtake talks advancing – as per the RNS, discussions are at an advanced stage. Any one of those could provide non-dilutive financing and change the game overnight.

So while people always jump straight to “placing risk,” the reality is: Vast has multiple funding options on the table, and this time they’re just weeks away from monetising real assets.

If the company can hold until diamond revenues flow, that could be the first cycle where we see Vast break the old pattern. With liquidity this thin, it won’t take much positive news to move the dial hard to the upside.

update from vast comms team at st brides, i cannot share an image of the email as all emails to pi's are confidential (sounds obviously suspect coming from me i know) - however you are free to email the company at st brides yourself to confirm.

the chief operating officer has said that nothing in today's announcement breaches aim rule 10 - and that all communications including images - are reviewed by the companies nomad to ensure full adherence to aim rules.

so yeah, cut diamonds are ours. no need to synthesise anything from the updates on x - however i do with they specifically said 'here are examples of our cut diamonds' - but then again, they didn't say on any updates 'here are images of our diamonds dug out of the ground in 06 and placed in yada yada' so who knows. long story short, nomad approved, aim rule 10 against any kind of ****ery, so i'm pleased with today's update. we have for once, a formal timeline.

Reminder that as these auctions clear and these sales are completed, we should be getting regular updates - not a 'sold all by October and here's the final result' as these updates will be material market impacting results I expect updates as we go along. I of course could be wrong - but we'll know by 1st October if this is the case as the company has stated September auctions.

Cash raise at a 46% reduction? With diamonds at sale at private and public auction, right now? Wow the clowns really are out in force 😂😂😂😂

Worth keeping perspective on today’s drop:

The move from 0.38 down to 0.34 happened on less than 5–10M shares traded every 5 minutes

This isn’t broad selling pressure, it’s a thin order book being marked down by MMs on tiny volume.

In reality, the market isn’t dumping – it’s just how fragile the book is right now. A couple of small sells slice 10% off the price.

The flip side is just as important: if such little volume can drag it down, then modest buying pressure can push it back up just as fast. We’ve already seen small dummy buys move the ask 5%+ in minutes.

This isn’t weakness from holders, it’s just illiquid churn. Once proper demand hits, the same mechanics that punish on tiny sells will reward on the upside.

I can see this being sat right back at where we've been for two months by the end of today or tomorrow, back in the 35-36 region

None of them are cut?

https://x.com/vast_resources/status/1967469441152938070

You really are a simple investor aren't you 😂😂😂

Rubber Jonny you seem to have posted that 5 times in the last hour, who are you trying to convince? You know the RNS states that the diamond sales are commencing this month right?