Zimbabwe are holding a mining investment meeting in the U.K. next week. Would you like to leave the fact a U.K. company had won court case against the government and refused to hand over the diamonds to the winning party. Then also refuse the agreed Jv mining agreement!
That doesn’t make the country look open for genuine investment. Or resolve the matter and announce the deal before the conference and ride on the publicity 🤔
Remember Zimbabwe have been protesting recently to get the sanctions against the country dropped. What better way than letting the U.K. back into the country investing. Getting the U.K. to speak up about easing sanctions and allowing more western investment other than just eastern investment. Starting with vast and their previous claims. Showcasing Zimbabwe is legitimate and regulated. Just in time for a big mining investment meeting in the U.K. next week 😉
The company that was mining vasts site and had that amount of diamonds confiscated at the time were valued at $31,350,553 puts half value at approximately $16million from roughly 2010. What’s that price now?
Just on splitting profits there were more diamonds but vast are left with half which leaves the total of 129400 . So it’s just the costs and any payments for the KP.
Approximately 26400grams of diamonds were declared by Vast for valuation by MMCZ that were subsequently confiscated and to this day, is believed to still be sitting at the Reserve Bank of Zimbabwe (RBZ)
Yes but it’s to show the predicated costs and income. The initial costs. That’s why they have set the debt repayment as a large part of the debt will be invested in the Jv mine and the debt repayment until income comes in
The money from the diamonds and the debt restructuring is because an initial investment in the Jv mine is $5million. So regular payments will be made to cover the shortfall from investing in the diamond mine. Until enough income is made to repay the remaining money
Would look really good for Zimbabwe if the historic parcel was handed over and mining contract was sorted before the meeting. Showing that it’s a good place for investment. Looks like AP could be in Zimbabwe picking up the parcel
News is due. It was stated pilot plant completed early Q4. Testing will take time but has been successful on a smaller scale with bribes made up synthetically. They only need to prove it scales up. Reports from connections say things are progressing very well.
All will be revealed soon. On other fronts news is due also. This price won’t be here for long