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Mizman, I believe he’s referring to the Katanga Mining (Pvt) Ltd:
https://www.lse.co.uk/rns/VAST/chiadzwa-community-diamond-concession-sb34a9x2ll6aeh7.html
1st things 1st is funding, AP has deliberately not given us a revised date, which pleases me greatly, as this way he doesn’t have to announce further SP damaging delays in the meantime . It’s possible they don’t know themselves when/if Atlas will commence the draw down. If we do get it shortly, 7 million buys a lot of picks & shovels ;), I’d expect some of it’s going to pay of existing debt, but with the rest, well I think we deserve a revised update on how they plan to spend it. It’s possible we may get that with the funding RNS or perhaps shortly afterwards.
Nice list Joe, it’s true this is a heavily diluted share. It seems miraculous that the SP managed to multi bag nearly 400% not so long ago when you think about how many shares there are in issue. However when you look more closely at the historical volumes you can see why. This share is capable of trading around 10% of that in a day. Given the right news that extremely possible at these SP levels. It still doesn’t make it right though.
“President Mnangagwa didn’t only act like a leader, but also like a brother,” he said.
https://www.thestandard.co.zw/2019/12/01/chiwenga-wife-mystery-deepens/
Zimbabwe politics is very clock & dagger. This article makes out that the relationship between the president & VP to seem very strained, but i’ve seen other more recent articles paint a different picture, stating VP saying “president is not only a leader, but a brother” hard to know who to believe.
I say 1+ is not realistic near term, mainly due to past chart performance & current dilution, however the diamond signature does make me wonder. If larger players were to jump on board could we possibly extend. It took roughly 3-4 weeks on previous rise & mm's played hard ball on the final waves, plus It did not help matters that AP pulled the breaks with a placing part way up too. So yes if we get enough attention & are not hampered on the way up, it does seem possible.
I like to view both sides of the coin, but overall I am optimist I do admit. I'm not going to pretend that the company still does have someway to go before turning things around. The SP is rock bottom at the moment, chart wise we still have some hurdles to overcome before it turns positive again. Thats going to take a steady news flow over the coming months to build the momentum, or the EPO signed in which case much sooner. Anyone who states 1p+ in near term is kidding themselves. However there is a fair few 100%'s between us and 1p which could be realistically be achieved if the company keeps the ball rolling. Will just have to see how things play out.
By the way Daz, I get what your saying about overly optimistic posters. It takes time for me to trust some people's posts on other boards for that very reason.
Yeah agreed Daz, a lot of posters do get frustrated and in turn do like a dig at there own share from time to time. With some it's more of a regular thing, but that's just how they roll. It creates a nice balance of views. I enjoy reading both points of views, however recently i feel it's been a bit one sided. Hence I wanted to share my own views too. GLA
You’re welcome Sandy. Agreed, this SP is at a hefty discount already. Many who’ve posted here recently would like even cheaper tickets. Perhaps they will still get them. Everyone is entitled to an opinion here good or bad. I don’t pretend to see everything through rose spectacles, but it’s obvious that most of the bad here, wouldn’t be bashing this share if they thought their wasn’t some kind of financial gain to be had from it. I would not be invested here still if I believed this was a lost cause. I’m holding as I believe this will turn around shortly.
Other than the current sluggish SP, the heavily diluted share pool (which won’t stop this multibagging given the right news), the overhanging mercuria debt (which needs to be paid back eventually), are their any other negatives we should know about?
Warrants shambles is a double edged sword, they either get a further extension or they don’t. If they do cool, if they don’t less warrants outstanding. I know thats blunt considering the circumstances as to why most of the warrants were originally bought, but that seems to be the gist of it. Personally I think there will probably be some kind of extension, but will have to wait & see on that one.
CEO wise some like AP, some don’t. Some have said that nothing has really changed in 2019, but I see a major change of them selling a producing gold mine, that was not looking very profitable due to certain zim restrictions on gold & then using the funds to get rid of the SSGI Debt facility (a noose around the companies head, which seriously restricted the companies ability to move without there given approval), paying then off made us far more financially stable accounts wise. The company then took a new direction of focus in Zim... Diamonds!
We are now waiting for funding drawdown from Atlas, which is likely to happen shortly.
BP has finally geared up with cold commissioning started, an update likely to follow when further equipment is received from China & installed, which should see a further increase to it’s productivity. Then we have drilling started at BP too, which means JORC results to follow in the not so distant future, most likely good ones.
Then of course theres the diamond EPO. The Zimbabwe country is unfortunately in crisis, but does still seem to be making some progress in that respect. The resent Russian company signing their JV & the EPO list that was leaked earlier in December. Mirrange diamonds Fields being on that list. Will it be VAST that gets that EPO? only time will tell. However it does seem likely considering VAST signed the concession agreement with the local community late last year.
Funding should also be a driving catalyst for further BP news in 2020 too.
So for now we put up with the sluggish SP and a possible further drop, but i don’t think this trend will continue much longer. People will sell into the funding news, but on the retrace many will move to buy back in. Once BP starts producing more news, momentum should change too & of course all it takes is a signature on paper for the EPO and then... we’ll I’ll leave that for your imagination to dwell on! ;-)
The above remarks are only my opinions based on the situation as I see it. GLA
Thanks Lockyer, work nights so was up early as could not sleep, decided to do a bit of recon to help the cause. Wish I could read mandarine as I swear there are some worthy articles on Chinese sites too.
https://oilprice.com/Energy/Energy-General/A-New-Pipeline-Could-Undo-Americas-Influence-In-Asia.html
An older article, but interesting to read as gives a further understanding on the reasons behind China's interest.
http://en.ce.cn/main/latest/202001/02/t20200102_34033441.shtml
We get a mention in the above article towards the bottom, regarding desire for feasibility study & further evaluation too.