Member Info for Legalease

Correct. Glad to see someone else can read:)

The devil is always in the detail ;)

Agreed, where in the same position as yesterday , diamonds immininent, business improving, but threat to company’s existence removed subject shareholder approval.

ACR gained property rights to the area after De Beers let its licence expire. Tucker said that diamonds at the mine were "frosted", giving the impression that they were less valuable industrial-grade diamonds.

He added: "We think others missed a trick – we knew their real worth, but we've never been able to mine there. We're still waiting on the full judgment from the court, but we hope we can resolve the issue with the government. We'll have to fulfil some spending obligations at the mine, but we think that can be sorted."

What do you think was meant by this?

You’re probably right Asimpleinvestor, I’m probably putting 2 and 2 together and getting 5:) I’m just reporting what’s already on the record, but you are the expert, diamonds are not really my bag!

I find it easier to see how the parcel could be worth close to $100 million dolllars than say $10 million dollars.

Https://www.paulzimnisky.com/long-term-rough-diamond-price-versus-inflation-chart

Rough diamonds appear to be worth circa 3 x more than they were in 2006 when the parcel was confiscated.

I calculate VAST’s parcel as weighing circa 28kg.

NEWMAN CHIADZWA: If you take the diamonds confiscated from me by the government, it was over 10kg. And that 10kg were only produced in one week, by less than 20 people. And I can put an estimate of around $15 million worth of diamonds which were confiscated.

REPORTER: $15 million?

NEWMAN CHIADZWA: US$15 million. Yes, because half of it were gem quality.

Https://www.diamondworld.net/news/785

Diamond World publication December 2006, in an article about the diamonds…

‘Up to $300 million worth of diamonds vanished as the hand diggers moved some 1 million tons of earth in a 1.4 square mile area in one month. Now that the government has seized the property and evicted the illegal diggers, soldiers have taken over the mining, but ACR vowed to fight the confiscation in court.’

I’m no expert, but this was in reference to the area where our parcel was taken from. It was from our company, and post diamond seizure. I’m guessing the diamonds in Bank of Zim are anything but aluvial…

I would love to know if our resident diamond expert could provide an educated guess as to what Tucker may have been alluding to?

What do peeps think this means?

It’s an old quote….

ACR gained property rights to the area after De Beers let its licence expire. Tucker said that diamonds at the mine were "frosted", giving the impression that they were less valuable industrial-grade diamonds.

He added: "We think others missed a trick – we knew their real worth, but we've never been able to mine there. We're still waiting on the full judgment from the court, but we hope we can resolve the issue with the government. We'll have to fulfil some spending obligations at the mine, but we think that can be sorted."

Lot of posts Asimpleinvestor, but you didn’t answer mine about the 2017/18 RNS’s re diamond releaase? Could you possibly point me in the right direction?

Well I’m hoping we get a proper update this week…

Maybe I’m missing something but I couldn’t find an RNS from 2017/2018 stating diamonds to be released l? Could you point me in the right direction please Asimpleinvestor?

On the basis of the link I provided I would agree, but would be interested to hear Asimpleinvestor’s take.

Https://www.paulzimnisky.com/roughdiamondindex

Is this relevant?

Question to Asimpleinvestor; Where do you get your figures from re the depreciation in rough diamond value over the last 12 months?