Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Farmer. That made me laugh.
Good news to get Finance sorted out and enabling the Start of Baita. Diamonds signature will come sooner or later. Next year it is going to be an interesting one, considerable quantity of cashflow will reinforce the Financial situation and open new oportunities.
Each to their own. AIM is very risky more so if you are investing in a company that is dealing with Zimbabwe government.
Having said that IMO the possibility of getting news next week are very high. News overdue as per statements done by the Mines Minister and has been published all over the news in Zimbabwe.
Cabinet meeting tomorrow and I believe an update from the company one way or another is due, hopefully tomorrow. Closing the deal with ZCDC will turn VAST for good
Piker I have try searching in the news for that, because it doesn't link well with everything said but I couldn't find anything. The article is original and from today but it would make more sense that the comments were done when Katanga JV was signed.
Anyway I can not believe that the Mines Minister Chitando will say that the JV with Vast was going to be signed if it wasn't a done deal. Delayed maybe, but I take it that everything is aligned for the signature.
Next week we should have some info from the company: Signed or Delayed.
Funny how quickly people can change their valuation of the company when sp is up/down 10%.
If friday the sp had go to 0.6p people would not have complain so much about the lack of news.
Lets hope that the Cabinet meeting on Monday is to give the approval of the deal with ZCDC.
Exciting News ahead. GLA
I believe that as long as we don't have news this is not going to move a lot higher, expected 2 very important RNSs for this week maximum Monday next week, if news don't come it couldl keep dripping.
After all the SP has been quite strong since the start of the recovery. IMO People with a low average are happy to hold, people that bought around 0.5p not soo much.
ZCDC JV of an Area that like another areas of Marange probably is worth billions in Alluvial Diamonds, to be in production and generating cash flow in less than 6 months. And don't forget Baita, smaller but will provide cash flow in less than 6 months too.
What the market is going to value VAST is anyone guess, also Final JV conditions and Finance conditions will have a big influence in the SP.
In the last sessions since the recovery started the number of shares traded is more or less the Total number of shares.
I wonder what could happen when finally we got some news. SP Volatility is going to be huge for few weeks.
From Jayfella article
"President Emmerson Mnangagwa on Monday launches the strategic roadmap for the industry in its quest to triple its earnings at a joint ceremony where the ZCDC, in partnership with the Marange community and London Stock Exchange listed Vast Resources will establish a joint venture diamond mining company."
It seems that AP already has turned it around, waiting for confirmation thru RNSs though.
It was not AP but the Minister of Mines from Zimbabwe that announced the signature of the deal for next week between VAST, the Community and ZCDC. Historical claims, lets see what AP brings but nobody was expecting anything back from this.
Finance deal also expected for next week, lets see if there is no delay, just for once would be nice.
Interesting days and weeks ahead.