Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
This thing is begging to be taken over
Producing an in demand commodity in a stable EU country
It's generally accepted that to bring a mine to production costs around $50-$100m
This thing is capitalised at £8 +£8m Atlas debt = £16m
No brainer for one of Putins oligarchs
If only the country had huge reserves of diamonds, gold and tobacco
https://www.theguardian.com/global-development/2021/nov/17/dirty-dollars-how-tattered-us-notes-became-the-latest-street-hustle-in-zimbabwe
Thanks Stodge. It was actually one of Ophidians more Delphic comments which it would be helpful to understand
The last we heard was that Abingdons batches were being validated. It is unclear whether this has been completed
All irrelevant anyway until the company has permission to sell
I still puzzle over what that whistle-blower was threatening to leak relating to the company or Prelea in Zimbabwe
Obviously nothing illegal or fraudulent by the company , as then the non disclosure agreement would be void and unenforceable in a court
Part 2
"It appears that when Andrew Prelea announced a change in coordinates for our concession, in a video for proactive investors (dated 26.09.19), it wasn't just a simple change of coordinates, but rather, we had just lost Block Eii to Anjin. Compare both the maps for yourself, our Block Eii concession lies on Anjin's claim.
So.....if we did change coordinates, then where was it changed too? ZCDC now only have Portal A left to Joint Venture with, so what's taking so long? Or is it that Vast aren't getting Portal A either.
I have a horrible feeling that we may never get to see a deal completed in zimbabwe at all. This will obviously draw in the question of "what happened to the $1.6M we were placed for". The ZCDC mass resignation probably will not help the situation either.
Andrew Prelea's comment (in relation to the historic claims) of "share holders will be pleasantly suprised" may never even get the chance to surprise us at all.
The company also made an announcement (RNS dated 26.09.19) claiming that the historic claims had been settled my mutual agreement.......but what does that mean exactly? And does the company even have a choice. If zimbabwe says that vast are having nothing, then who is Andrew Prelea to argue with them."
The following post was made here in May 2020
Has anything changed since?
Part 1
"We are supposed to be Signing with ZCDC for a joint venture in Chiadzwa........Where is our chiadzwa concession?
We were told about our Chiadzwa community concession with the Marange Zimunya Community Trust, through Red Mercury. We were also told about another concession (Block E2, or Eii) also in Chiadzwa.
Looking on the ZCDC website at the concessions (portals) that ZCDC operate, it's quite clear that the website has not been updated for some time. The website still states that ZCDC operates 8 mining portals, at various stages from evaluation to mining.
1. Portal A
2. Portal B
3. Portal C
4. Portal D
5. Portal E (Chimanimani)
6. Portal Q
7. Portal R
8. T-concessions (none in Chiadzwa)
- Chihota, 160km northwest of chiadzwa
- Penalonga, 80km northeast of chiadzwa
- Mwenezi, 200km southwest of chiadzwa
To start with, we can eliminate both the T-concessions (8) and Portal E (5) as none of these are located in Chiadzwa.
We can also eliminate ZCDC's Portal Q (6) from the list, as Anjin were granted permission to commence mining activities
on the concession as of July 2019.
https://allafrica.com/stories/201907150334.html
This now leaves ZCDC with only 5 mining portals to operate. Portals A,B,C,D and R.
However, Anjin controversially resumed operations in February 2020 in ZCDC's diamond rich concession, Portal B (2) following a directive from the Minister Winston Chitando, which resulted in resignations within ZCDC.
http://kubatana.net/2020/05/01/mining-lifespan-for-zcdc-cut-by-50-as-government-dispossess-lucrative-concession-to-anjin/
Additionally, the link above also states that Anjin refused to surrender their original concession, Portal C (3). Meaning ZCDC are now only left with three portals, portals A, D and R.
Further more, the link above also states that "The company (ZCDC) is now left with Portal A, where they are currently mining", which suggests that portals D and R are no longer in the hands of ZCDC either, only Portal A is.
The link below (if you scroll down the page) shows a map of the chiadzwa concessions, and how they were distributed before they were taken from Anjin and others.
https://globalpressjournal.com/africa/zimbabwe/diamond-rush-shoddy-housing-jobs-eastern-zimbabwe/
Looking back for a moment at Portal C (3). Anjin clearly refused to give this portal up because it was operated by them before it was stripped from them in 2016.
If Anjin refused to surrender portal C (3) because it was originally theirs, then they would have also refused to surrender Block Eii, along with Block Lii aswell. These are the three constituents that make up Anjin's original claim, as shown in the image below, of the identical, but updated map of the chiadzwa concessions.
https://www.google.com/search?q=marange+diamond+fields&tbm=isch&hl=en&chips=q:marange+diamond+fields,g_1:map&prmd=nmiv&hl=en&ved=2ahUKEwjVjbjFhs_pAhU