Member Info for Lostsoul88

Settlement discussions have been underway for some time, Vast said, adding that the Supreme Court of Zimbabwe gave a direction in 2010 that required legacy issues to be finalized in the High Court.

Https://furtherafrica.com/2018/08/24/spotlight-on-historic-zimbabwe-diamond-field/amp/

Thanks everyone. Just a minor op. 🙏

The company said it was preparing to market the diamonds, adding that upon the finalisation of the process, it would focus on the finalisation of the mining agreement on the community diamond concession in the Marange diamond fields.

There’s also other older posts saying the judge said everything needed sorted about the historic claims which was used to release the diamonds. They will want some investment back into Zimbabwe to release the claims. As above 👆if they have sorted the release then they have sorted the mining rights out. Which completes the release and investment from the release

Https://www.veritaszim.net/cabinet-decision-matrices

Meeting results posted here the night of or morning after

https://allafrica.com/stories/202306120037.html

If you read old press releases it says about the rights needed sorted as part of the historic claims. There’s a recent article ( today I think) about the locals of the mining areas wanting a better deal. I’m due to go under the knife today so have little time to post.

Https://www.herald.co.zw/cabinet-rescheduled-for-tomorrow/?utm_source=ground.news&utm_medium=referral

Zimbabwe cabinet meeting postponed until Wednesday.

To sort out the historic claim which includes the mining rights as laid out by the judge. This could all be tied in with the meeting on Wednesday to pass the mining rights and release the diamonds. They then have to clean them and sell them. Which is why they released the statement about raising more capital if they weren’t released in time. But if they have the diamonds and mining rights an extension will be granted until they are sold ( if needed).

The big buys then make sense as they know things are sorted and just need passed

Diamonds

I have found a few articles about the diamonds being taken and locked away in the RBZ. 300000 were taken from 2 companies Marange Resources, Canadile Miners these are the companies that stole from the ACR ( vast ). The value of the diamonds held in the RBZ

$54,238,249

$31,350,554 that’s the sums from each company. Which could be the split of the 300000. 129000 is $31,350,554

Here’s some articles

https://www.voazimbabwe.com/amp/zimbabwe-mines-minister-obeys-supreme-court-ruling-on-diamonds-26feb10-85529097/1457039.html

https://www.zimbabwesituation.com/old/apr29_2010.html

http://www.scielo.org.za/pdf/pelj/v17n1/09.pdf

Director’s giving themselves more shares 🤔

They know something is coming and giving themselves a bonus before everything else lands. DYOY

Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining

24 April 2023

Vast Resources plc

('Vast' or the 'Company')

Award of rights under the Company's Share Appreciation Rights Scheme

Vast Resources plc, the AIM-listed mining company, announces the offer of rights as set out below (the 'Award') under the Share Appreciation Rights Scheme (the 'Scheme') which Scheme has been established for many years to incentivise directors and senior executives/consultants of the Company.

The basis of the Scheme

The basis of the Scheme is to grant a fixed number of 'share appreciation rights' ('SARs') to participants. Each SAR consists of rights at the discretion of the Company either to receive ordinary shares in Vast (the 'Shares') based on the relevant exercise price ('Exercise Price') or to receive cash to a value equal to the difference between the Exercise Price and the daily VWAP on the date of exercise of a SAR. The normal rules for the Scheme provide for the Exercise Price to be a price equal to the 6 month VWAP of a Share immediately preceding the grant of a SAR which in the present case would be 0.53p per Share, but in view of the decline in the Company's share price a higher Exercise Price has been agreed at 1.21p -- approximately double the Company's share price at the time of settling the Award.

Subject to any condition imposed in relation to any particular Award, a SAR may be exercised at any time until a final exercise date (the 'Vesting Period').

The Award

SARs awarded Vesting Period

-------------------------- ------------ ------------------------------

Andrew Prelea

Chief Executive Officer 15,000,000 1 May 2023 to 31 Dec 25

-------------------------- ------------ ------------------------------

Date of grant of authority to

issue Shares relating to each

15,000,000 SAR to 31 Dec 25

-------------------------- ------------ ------------------------------

Paul Fletcher

Finance Director 10,750,000 1 May 2023 to 31 Dec 25

-------------------------- ------------ ------------------------------

Date of grant of authority to

issue Shares relating to each

10,750,000 SAR to 31 Dec 25

-------------------------- ------------ ------------------------------

Andrew Hall

Chief Commercial Officer 10,250,000 1 May 2023 to 31 Dec 25

-------------------------- ------------ ------------------------------

Date of grant of authority to

issue Shares relating to each

10,250,000 SAR to 31 Dec 25

-------

I have strong feeling you guys are going to be really upset. I think the JV is gonna be with VAST if these shares land

Nice 5.5mill buy aftermarket

Does this the quantity of diamonds match at all?

If so can you post them

Do you have a list of the people who had the diamonds up for tender?

BOD and vast do have a JV with the ZCDC which own all the mining rights in Zimbabwe but it just needs signed off. Which ties in with what the article is saying

The president could be on his way out in August so he may want as much as he can before the election or the government is dissolved before the election

How do you look at who has listed items?

Interesting article. Original Jv partner they were getting 2.5% shares to run the mine and vast we’re paying for everything

https://m.miningweekly.com/article/junior-miner-ceo-is-typically-chief-cook-and-bottlewasher-diamond-junior-confirms-2023-06-07