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ASI-Next month?
I am expecting news any time in the next 2 weeks!
Q4 2022 production for BP was out on 4 January= 4 days
Q1 2023 production for BP out on 12th of April= 12 days
Q2 2023 production for BP was out on the 2nd Aug= one month 2 days
Q3 2023 production for BP= any time from now 😉
They will want to get BP RNS out ASAP as will show profitability at BP!
GLA
The Herald
5th of October 2023
https://www.herald.co.zw/vast-to-auction-diamonds-held-by-rbz/
‘vast to auction diamonds held by RBZ’
“in Zimbabwe the company is preparing for the release of its diamonds previously mined by the company and preparing for the marketing,”
“upon the finalisation of the process, the company will recommence its focus on the finalisation of the mining agreement community diamond concession in the Marange diamond fields.”
Looking good to me😊
GLA
ASI- how do you know that?
It seems that you have an opinion! It has always struck me that your opinions are based on self-interest and not based on information in public domain!
Here are the facts below. Make your mind up time! Are you in or out
GLA
Q4 2022 production for BP was out on 4 January= 4 days
Q1 2023 production for BP out on 12th of April= 12 days
Q2 2023 production for BP was out on the 2nd Aug= one month 2 days
Q3 2023 production for BP= any time from now 😉
They will want to gat this out ASAP as will show profitability at BP!
GLA
ASI-Correction
Q4 2022 production for BP was out on 4 January= 4 days
Q1 2023 production for BP out on 12th of April= 12 days
Q2 2023 production for BP was out on the 2nd Aug= one month 2 days
Q3 2023 production for BP= any time from now 😉
They will want to gat this out ASAP as will show profitability at BP!
GLA
Q4 2022 production for BP was out on 4 January= 4 days
Q1 2023 production for BP out on 12th of April= 12 days
Q2 2023 production for BP was out on the 2nd July= one month 2 days
Q3 2023 production for BP= any time from now 😉
They will want to gat this out ASAP as will show profitability at BP!
GLA
ASI – So you agree that I am correct. 255 x3 =765 dry tonnes.
You could be more correct as you are drilling down on the detail, but I already know the detail and just put out the facts in a simple format for all to see.
GLA
We need 750 tonnes for Q3 at BP for break even.
Based on 3 shifts and L5 opened up I believe that we could 1000 tonnes+ for Q3
This in MHO will see us at 1p+
lots of news due; bring on monday ;-) DYOR
GLA
RE diamonds-AP said they worth more than the market cap, MC=£15 million at theat time.
IMHO $20-30 million and could be worth more. $40million would be nice;-)
I am here for BP update. This will be good IMHO
Back to the weekend
GLA
With all AIM shares must look closely at the evidence that is in the public domain and work through the information logically to determine most likely outcome. Do not let yourself be led astray by conversation as this is a distraction from the facts.
Occam’s razor is a tool for shaving off unlikely explanations. It presumes that the most obvious outcome will likely happen.
The evidence regarding BP suggests they have ramped up from 1 mining shift to 3. Outcome- It seems likely that they will produce more ore to a factor of 3.
BP reached break even in June. Outcome- one would assume that they would now be in profit. Regarding the miners being paid. Outcome- It seems likely they were paid from copper sold. I conclude that BP is now profitable and money though tight will be sufficient to fund VAST going forward. This also make it likely that refinancing will not be problematic moving forward.
Regarding the diamonds. There is nothing in any of the RNS’s and issues to suggest that this process has come to an end. In fact, the country has been stated many occasions. Conclusion- an amicable solution is being worked. We know that Zimbabwe authorities and due diligence processing has been slow. My understanding of this is that the monies from the diamonds will arrive at some point. The exact date is unknown. What we do know is that 6 months have elapsed. Conclusion- They should arrive soon. The reason I believe the diamonds will arrive soon is because AP has inferred this in interviews.
BP has been increasing production month on month. AP has been pretty good at updating us on BP. Conclusion- Q3 will be the quarter where we get close to or reach nameplate capacity. AP Also said that vast will be okay without the diamonds. I don’t believe that there will be a placing at this time as there will be sufficient funds from BP to cover costs.
My conclusion is, don’t panic as there is significant news on the way 😉
we also have the Tajikistan royalty is to look forward to, JV’s and the reinstating of the mining licence in Zimbabwe.
Furthermore, it is not in Zimbabwe’s interest to subvert the process of releasing the diamonds due to international pressure and their desire to cooperate with the international community.
GLA
Have a good weekend all see you monday