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ZCDC recently tweeted from Chiadzwa talking about planning increased diamond activity and how it valued community investment. Hopefully the Vast JV will happen soon they have already signed an agreement with the local community. Zimbabwe is also becoming more sceptical about Russian investment and presumably would prefer that it had a global market rather than have it’s amazing diamonds classified as blood diamonds. Do you think that a deal is imminent? The company sounded optimistic at the last Q&A
Onaplate I was responding to a question about FCF.
Simple seems not to think that mining explorers don’t have a value until sold!
I was trying to respond to a comment about dilution, I failed to name the author, so a bit confusing apologies.
I was just trying to point out if share price falls 99% and shares are diluted by 6 times the number..
If the company owns the same asset base ( considerably more equipment and waste material mined IMO) then you get more for your money.
For Simple … if the MCAP reduces 90% and the number of shares stays the same you get the same number of shares for 10% of the money. If there is an increase in the number of shares, then you need to take that into account in your calculation.
This information should be released in October, so a bit difficult to calculate before the information is released.
However the previous mine plan was forecasting 8 figure cash flow per annum for 3/4 years at 2.5% copper equivalent.
So 100:1 share price reduction and 6:1 share price dilution
Vast was an explorer and has not sold any assets, now it is a producer with a significantly raised copper price.
I calculate that current investors are getting >100/6 times the value for their money compared to when you sold?
333
I can’t remember a single positive post from you.
Did you not see the confidence in the survival of the company along with massive opportunity expressed by Sandy this week. With no new news there is not much for investors to usefully discuss.
Took my ISA stake out to put in VAST on morning of 400%day.
Put my July tax money in STX today and sincerely hope it does better than the tax money that I put in VAST end of last year. So doubled down again with 34p average and 6 figure loss. 7 to 1 buys to sells today…lucky number I hope.
Thanks TopCatz
Unfortunately I have been here a long time and have no prospect of 23P average.
Hopefully market has got this all wrong and we can both be winners on this one soon.
For me as a medic the insurance coverage and a product that sells itself with a smiley bullish CEO….