Member Info for joeydavison

Just wait for the sale of the diamond and go chill lol grab a cup of tea and see it rise,.

some people do panic easily i wonder why they are even on aim lol

From what I understand they spent longer and a bit more money on cleaing the diamonds to make them worth more hence they delay. Will be more beneficial in the long run

Well the diamonds are going to be a lot more than the current market cap. It is going to pay off debts and give the company money. The loans are going to paid off but they needed some money now, the diamond sale has been pushed back due to delays so we had to pay the loan companies some money ahead of paying it off entirely. This isn't quite the big deal people think

Yes because i have been here for quite a while. I am not here for a quick buck this week. I know the potential of what is to come here, this placing is minor compared to what is around the corner IMO. This placing pays off debt and keeps us moving forward nicely to a sale of 120000 diamonds. See a bit further a field and this is pretty minor

The placing makes sense given the sale of diamonds is likely a bit later than was expected. I think all is good here. Come the sale of diamonds then boom. Plus highly highly unlike any placing will happen now before the BIG DIAMOND MONEY so a very safe bet for investors now.

The net cash raised from the Placing will be used:

For repayment of US$1 million of debt from Alpha and Mercuria in order to secure an extension of their loans, and so enable the Company to receive diamond proceeds to extinguish their and other outstanding debts.

To continue the operational and technical due diligence prior to resuming operations at Baita Plai mine and reopening Manaila mine as part of the ongoing review of the Company’s asset base and for the purpose of completing new offtake finance arrangements and/or agreements with new joint venture partners.

To boost the Company’s cash position prior to the finalisation of the Company’s annual accounts while the Company awaits proceeds from the sale of the Historic Diamond parcel from the 17 November tender.

Ive seen this before its other companies, then all of the sudden huge returns come. I think AP knows what he is doing, this news is not that big a deal when you think about the potential money coming in the real near future

Do not see it is as big deal myself, it's likely to sort things out ahead of the diamond sale. If we did not have diamonds incoming then yet may be a bit more of a concern but this to me is minor compared to the potential huge returns in coming weeks.

Just seen the news, this is incredible. Easy going to 2p.

Heading to 2p folks

Not long now folks, only a matter of time. Huge gains here expected

TBH i think you will be pleasantly surprised, just saying ;)

Yeah it has loads of information, I fed it countless links . Obvs it is CHAT GPT but it should give us an idea. It has been pretty bang on when i have asked it to research other companies before.

Okay what is your price prediction?

I asked chat gpt.

To estimate how much Vast Resources could get from selling these diamonds, we need to make some rough calculations based on the information provided:

Quantity: ~135,000 carats of gem-quality diamonds.

Quality: They are described as “gem-quality” and have been cleaned and prepared, which should maximize their value.

The price per carat of gem-quality diamonds can vary widely depending on size, color, clarity, and market conditions. Here’s a rough guide:

Lower-end gem-quality diamonds: $200–$500 per carat

Mid-range: $500–$1,500 per carat

High-quality stones: $1,500–$5,000+ per carat

Since these are historic, high-quality parcels from Marange, it’s reasonable to assume they might fetch somewhere in the $500–$1,500 per carat range, possibly more if some stones are exceptional.

Rough calculation:

Low estimate: 135,000 × $500 = $67.5 million

Mid estimate: 135,000 × $1,000 = $135 million

High estimate: 135,000 × $1,500 = $202.5 million

So, Vast could realistically make between $70 million and $200 million from these parcels, depending on the quality and market demand at the time of sale.

Https://rapaport.com/news/vast-resources-to-offer-15-year-old-diamond-parcels-this-month/

Vast Resources will sell diamonds later this month from parcels the Zimbabwean government held for 15 years and finally released in April.

Approximately 135,000 carats of gem-quality stones seized in 2010 over a dispute about mining rights in Zimbabwe’s Marange diamond fields spent the past few months undergoing specialized bespoke cleaning, preparation and sorting to maximize their value. Vast will offer them in several public and private tenders throughout September and October, it said Monday.

“This is considered to be a unique opportunity to most effectively realize value from the long-awaited parcels from the historic settlement and could open further opportunities for the company in the future,” Vast explained.

Meanwhile, the company has paused diamond mining at its Baita Plai site in Romania while it performs a technical review of both that deposit and its Manaila operation. Vast is currently in advanced discussions with potential joint-venture partners or investors for those sites. Vast will provide a further update in the fourth quarter of the year, as it works to restart both operations, it added.

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Vast could realistically make between $70 million and $200 million from these parcels.

Could easily be 10x the current market cap.

I have been out of action for a few weeks, anyone able to shed some light on these diamonds and where we are at?

I have to agree with you there fronterachekin, great post!

Could see 1p soon

The diamond sale is going to be amazing for this company. But, also is to recommencement of ZIM mining, a mine which needs very little to get into production, AP once told me that it is pretty much ready to go apart from the niggly bits. Huge future here for VAST IMO.