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Will he, can he, pull something off to crow about pre and during this weeks AGM ?
Trail of breadcrumbs on that one Dicko, back then, our very own B.P was rumoured to be sniffing around both Trp and Gbp Namibia blocks, was reading a piece the other day, after Chevron made its recent first entry into Namibia, curiously it listed BP and the only Super Major, WITHOUT a presence. Maybe, just maybe, they will take another look, after Total and Exxon's mega finds.
On the money bonzob, we have rns , post results , the process is moving forward and making progress, until we have an rns to say that is no longer the case, they are coming sometime whenever, ceo laid out in previous updates, the steps that are to be carried out, he is under no obligation to drip feed each step and chat, until a material change, per recent rns.
Asim, taking the various emails with a pinch of salt, any of your more in the know Diamond buddies, still yanking your chain or giving something that might be remotely positive, about this 26-29th Dubai saga?
And if the RBZ has mislaid ours, their government holding from royalties back over 300k, can shuffle us whatever, as long as the bag handed over is 129k of Diamonds , worth 15m squid'ish.
https://www.sundaymail.co.zw/royalties-system-yields-300-000-carats-diamonds
Original court proceedings 2010
IT IS FURTHER ORDERED AS FOLLOWS:
3. That the second respondent returns to the applicants’ possession the 129 000 carats of diamonds seized from the applicants’ offices in Harare on 15 January 2007.
4. The second respondent returns to the applicants all diamonds acquired by the second respondent from the African Consolidated Resources plc claims area using the register kept by the second respondent in compliance with the Kimberley Process Certification Scheme.
5. That fourth respondent be and is hereby ordered to direct the police to cease interfering with the applicants’ prospecting and mining activities
6. That first, second and third respondents pay applicants’ costs on a legal practitioner and client scale, the one paying the others to be absolved.
7. Any appeal noted against this order shall not suspend the operation of this order.”
https://zimlii.org/akn/zw/judgment/zwhhc/2010/205/eng@2010-09-05
Some press at the time afcr (vast) 18m dollars, about £15m
The stones are roughly valued at about $18 million, according to diamond buyers in London.
https://www.voanews.com/a/court-orders-return-of-diamonds-seized-by-zimbabwe-mining-minister--84782452/112737.html
In Zimbabwe, the Group continues to focus on bringing the historic position to a satisfactory conclusion and, post year end, the Group is now very well advanced on this.
end of October Results rns
Just another pull out of his , predicted easy guess, on something we already know, ceo rns's , news has to arrive this week, AGM , debt deadline , Diamonds perhaps, news certain to arrive , at minimum late Wednesday , rns all resolutions passed.
Intra day would be great, likewise BP and Tajikistan, or finance updates, something to appease the lynch mob// shareholders at Wednesdays AGM
Vast Resources plc, the AIM-listed mining company, is pleased to announce that the annual general meeting (‘AGM’) of the Company will be held at the offices of Shakespeare Martineau LLP, 6th Floor, 60 Gracechurch Street, London EC3V 0HR at 15:00 on 29 November 2023.
The Supreme court just rubber stamped their own decision from 2010, as it was then ,it belongs to Vast. Included in that award were other conditions, vast suspended from mining in Zimbabwe until case resolved and also that the legitimate ownership of two licenses were also found in favour of vast.
Does seem as some have posted, the delay in previously getting the license back in play, the parcel return, all linked together, all we can do is hope, its soon and the mother of all rns's lands , updating the whole ZIM situation.
Its in the best interests of the ZIM Government to get this resolved, the only reason we got an early decision back in February, was the President ordered the Ministry to get its house in order, to remove blemishes, that reflect badly on them and are deemed as putting off new foreign investment. That was late 2022, suddenly vast back in the courts for a no contest by the Ministry, of a case they already won in 2010 but the Ministry appealed, nothing happening since.
Another week of, it can only get better, 9110m shares in issue, volume dead again today 42m, market value remains ridiculous for the 3 assets Tower holds, ceo just has to move 1 in the right direction and ten bags, would still be a nothing remotely near a realistic market valuation. 99.9% upside and future potential, can he do it? Long overdue an update.gla
Well thanks for another soft (in the) prediction of something we all know already, rns AGM this week , Debt deadline this week, so the ceo has already told us all, two bits of news this week, hopefully he can polish it all off and shine with a hat-trick, the elusive Diamonds .
Progress and Tower will win hands down, going for production and revenues then exponential growth from South Africa and Namibia, looking for big JV's and more production, meanwhile boil, already for sale (ceo) 2 assets, will be asking Santa for 2 quick sales, probably pay a dividend on the way and rinse repeat on a new portfolio of assets, for sale not production.
But standby the current status, they are worth more , until things move on and they have two dicko, Dunrobin North Sea a discovery not exploration 33% of Dunrobin over 200 mbo (66m to Boil) and Timor Sea Chuditch Super Major Shell discovery they called 850mboe 5+tcf back in the distant past, all fell apart (politics) looks like that now being resolved and China also entering the game, so they could be in for a big payday (sale to get out of the way) soon.
Certainly worth a punt, with ceo stating depending on various factors , Boil 0.1p he currently sees Chuditch worth 1.7-3.7p to the company (guess that's one appraisal drill and sell , or sell all now stuff) Dunrobin on the cheap covers the market value as it is.
Tower, 2x mega future potential, to be proven up on the other two assets, so currently market only sees actuals as 30-40mb on an expired license, priced to fail, ceo finally gets his act together and its one hell of a bounce.
Baron (boil) also have no interest in production, so it's all about early development and sales, they are an investor in assets not and Oiler per se, Tower trying, very trying, to become a development and production company, so two entirely different beasts and a poor choice for comparison.
Asim, any of your wind up merchant colleagues, confirm we are in the auction from tomorrow, or all gone quiet ?
Even simpler, Tower due to lack of anything happening for so long and now have an expired license, it would appear Ministry waiting for our ceo to confirm a rig, before renewal, so crunch time, Tower priced to fail, will fly if the holy trinity announced in an rns, rig secured, license renewed and the long saga with the banks, finance sorted bosh, drill , quickly to production, revenues and oil flowing. Then compare who is in the better position in 2024-25.
Will we get some good news before the AGM? , Monday/Tuesday rns ?
Vast Resources plc, the AIM-listed mining company, is pleased to announce that the annual general meeting (‘AGM’) of the Company will be held at the offices of Shakespeare Martineau LLP, 6th Floor, 60 Gracechurch Street, London EC3V 0HR at 15:00 on 29 November 2023.
With the rumour of this Dubai auction 26-30th including our Diamonds, thought we would have a decent volume day and some rampant FOMO, not the case so far around 70m shares today, 4350m in issue. Mental last hour coming ?