Here is the likely scenario. IMHO
JV partner put in 10 million for a 30-40% stake.
SP goes up- MC 15 million.
Share rase to cover additional costs.
We should see a rise from here when the market catches on.
JV partners are lined up now the licence is extended, we should see an RNA very soon
GLA
Spent the morning looking in here.
Thanks for the info VT- I'm in:-)
Research and patience will prevail 😉The diamonds are there as stated by AP. A few brown envelopes and we are good to go. I am more interested in getting the licence back in Zim!
Last trees shake IMHO
If you are lucky enough to get in at this lowly price, then you should be well rewarded.
Bp Q4 resalts and getting the diamonds finally over the line will see this back to 1p + in a flash
GLA
ASI Really! Can you back up your De-ramp? I know you sold a lot of shares. Have you bought them back yet?
Diamonds gone up over the last 10 years. Dipped a bit last year but predicted to go up 10% in 2024 They were estimated at a minimum of 18 million many years ago; ten years on should be around or above 18 million.
The real money is getting the mining licence back in Zimbabwe.
We should be focusing on BP Q4 as this should show profitability going forward.
Lots to look forward to here.
GLA
Looking at the accounts and the cash flow going forward it doesn’t take a genius to work out that we will soon be cash flow positive.
Bp news will clear all placing shares in short order. We can then look forward to 2024 with confidence.
GLA
I agree Steward
Bp in profit RNS followed by update on JORC
Once we get conformation of multimillion tone resource equating to a 30+ year mine life at BP a good finance deal will follow. We will then see a MC that reflects VASTS portfolio.
If the above comes to fruition (which is likely in IMHO) this could well be the recovery story of the year;-)
BP news any day!
GLA