The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
“Zimbabwe's royalty rates range between 5% for gold and platinum group metals and 10% for diamonds.”
“ collecting half of royalties from gold, diamonds, platinum group metals and lithium in the form of the minerals themselves to build up reserves. The remainder would be in cash.”
Please understand correctly.
https://www.reuters.com/markets/commodities/zimbabwes-new-mineral-royalty-policy-comes-into-force-2022-11-08/
On February 6, vast RNS disclosed that "The Placing was undertaken by the Company's joint broker, Axis Capital Markets Ltd ('Axis') in addition to participation from Shore Capital Stockbrokers Limited and Andrew Prelea, CEO of Vast Resources PLC." shore capital participated the placing .Axis and shore capital are vast market makers. They will push the undervalued vast market cap up to a reasonable price.
Drpineaple,Kodal shares started to rebound today after touching 0.35p yesterday. I estimate that the bounce height is hard to exceed 0.4p. After the rebound, kidal share price will fall below 0.35p.
Rough Diamonds" is a series produced by vast. The series has 8 episodes:
Episode 1: February 2 RNS Disclosure "the High Court of Zimbabwe granted a default Order against the Minister of Mines & Mining Development relating to the release of the historic parcel of 129,400 carats of rough diamonds held in safe custody at the Reserve Bank of Zimbabwe ("Historic Parcel"). (Already staged)
Episode 2: RNS announced on February 6 that "it is now in receipt of the signed and stamped High Court of Zimbabwe Order relating to the release of the historic parcel of 129,400 carats of rough diamonds held in safe custody at the Reserve Bank of Zimbabwe ('Historic Parcel')". (already staged)
Episode 3: the release of the Historic Parcel into the Company (coming soon)
Episode 4: the Historic Parcel be independently cleaned and valued by vast (coming soon)
Episode 5: the Historic Parcel will be sold via a tender process. (show Date TBD)
Episode 6: Vast gets over $10 million in cash by auctioning off rough diamonds. (Show date TBD)
Episode 7: vast regains marange mining license (show date TBD)
Episode 8: vast invests in mining diamond mines (show date TBD)
From now on, investors can buy tickets to watch the "Rough Diamond" series. The sooner you buy, the cheaper the fare!
1. Vast CEO AP strongly stated in the interview released yesterday that among the companies listed on AIM, Vast is seriously undervalued.
2. The Historic Parcel will soon release into the Company’s possession.
3. Refer to the off-tender sales price of Petra Diamonds Limited in December 2022 at US$106.84 for a 1-carat rough diamond. The 129,400 carats of rough diamonds owned by vast are worth approximately $13,820,000.
4. Shore Capital Stockbrokers Limited and Andrew Prelea, CEO of Vast Resources PLC participated in placing.
In summary, the fundamentals of vast have changed. The vast share price will rise steadily.
Yesterday vast share closed at 0.65p with a trading volume of 330 million. The stock price fell slightly and the trading volume shrank sharply. Vast share will start to rise steadily with 0.63p as the bottom support level.
Russian Foreign Minister Sergei Lavrov is due to visit Mali on Tuesday to meet the leader of the country's military junta, Colonel Asimi Goita, with the aim of "breathing new life" into growing cooperation between Bamako and Moscow.
Yesterday vast share closed at 0.67p with a trading volume of 1.1 billion. A slight callback in vast share this morning is a normal trend. It is estimated that the vast share will resume its upward trend from noon.
According to the timeline for Saltfleetby drill announced by Angs, the drilling will be completed on February 9 and the gas flow test will be carried out. Today is February 7th, there is no news about the sidetrack yet, why?