RE: Diamonds Are Forever18 Aug 2023 15:00
Some interesting posts over the last few days.
Lots of interest in VAST and plenty of de ramping going on.
The crocodile will not look favourably on RBZ not complying with the law as this does not fit with his agenda. Holding onto the diamonds could be seen as embarrassing for the government causing distrust among the international community. I wouldn’t want to be in the shoes of the official in charge of this process. It would be prudent for RBZ to hand the diamonds over sooner rather than later. (This of course could already have happened) An election is due, and Zimbabwe govenment cannot afford to be seen as not complying with international law. They have actively engaged with the international community over the last few years and have set out a mining manifesto that is reliant on collaboration with the international community.
We will see the diamonds in the coming weeks IMHO. We have confidence from our lenders and an institutional investor.
This is nothing more than brinkmanship, but I believe VAST have the upper hand and options at their disposal including damaging the credibility of the government of Zimbabwe.
It is in AP’s interest to fight tooth and nail to ensure a satisfactory conclusion is reached speedily, Afterall he has a lot of skin in the game.
I am also looking forward to BP update Q3
enjoy your weekend all and DYOR