Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Looking forward to the 2 RNSs, VAST is getting the attention that it deserves, named by Mine Minister Chitando together with Alrosa world biggest diamond mining company by production. Not many companies have their foot in Zimbabwe, if this JV goes well the possibility to get another areas is very high as stated many times by Zim gov they want to work with a few companies to keep a tied control of the Diamonds.
No doubt that once that everything is signed and a market cap over 100m some big players will start to take a serious look as VAST Romanian assets could be huge too. Once that Cashflow starts we could see VAST bringing to live all the mothballed Romanian projects.
Minister Chitando told delegates that President Mnangagwa will indicate mineral by mineral, project by project and also give timelines of what is expected to be generated by who, towards the attainment of the US$12 billion target.
...
We then measured the resources to the capital and then coming up with a comprehensive plan, which will be rolled out by His Excellency (President Mnangagwa) on the 14th of October whereby the US$12 billion will be completely unpacked which will indicate, by mineral, the projects which will contribute and also giving timelines.
https://www.sundaymail.co.zw/ed-spells-out-us12bn-milestone
I don’t think so.
Even if it was approved today in the parliament, the JV with ZCDC needs to be signed and then approved by Nomad before releasing the RNS. Not impossible but difficult.
If it has passed parliament today then we should hear something before the end of the week.
I would expect another RNS this week to communicate that JV with ZCDC has been signed or that has been delayed.
The stated in the RNS 26 sep. That they were expecting to sign the JV first week of october. If it doesn't happen they will have to comunicate the delay same as the Finance delay.
They didn't comment anything about a delay in the JV with ZCDC so I take that as a good sign.
GLA
IMO they said in the RNS before this one that Finance will be signed last week, it has not been signed and they HAVE to inform the market. They do this in a positive manner as "everything is ok and will be signed shortly".
Anyway we can guess all day long about when it will come.
IMO more delays, there is no point in releasing this RNS today if Finance will be announced in a couple of days.
Finance was said shortly few months ago, don't hold your breath.
APs Timelines, it was supposed to be signed last week as announced in the RNS before this one.
I would imagine that we could even have to wait till the end of next week, if parliament has to approve it (allegedly Tuesday) and then signed by ZCDC, add a day for Nomad and release the RNS. Finance binding documents could have been signed already and a RNS could be released monday.
IMO Nobody knows, anyone that has done a bit of research will wait as I believe is going to be worth it but if it drags on some people will start to sell.
IMO next week could be very interesting.
Interesting week ahead. A lot of work has been done during the last months in Zimbabwe negotiations and in Finance for Diamonds and Baita but we still have very little information.
Hopefully next week we are going to have all this information released to the market, that should confirm the turnaround of VAST with a defined way forward to production for the two projects. Both projects could start to generate cash in few months.
Not sure what the SP is going to do as all news expected are well known, allegedly.
Very Bullish Chart SP starting to form, supported with a huge Volume traded in the last sessions. IMO short term investors selling shares to investors with a long term view.
Hopefully not long before:
Diamonds signature
Finance closed
Institution Investors
Huge Volatility in the next weeks and months but Mid-Sized company in the making here. FCF next year could release the true potential of some mothballed projects.
DYOR and GLA
JV With community. Done
JV with ZCDC. Next week
Old claims. Done
I assume that everything is in one package. It is going to be interesting what VAST has achieved in the negotiations : Percentage for VAST, Area location and size as old claims licence is close to the new licence, bigger area?
Also Finance probably already negotiated and just waiting for the JV ZCDC signature.
See below post from Kieran, just in case some that are making money today want to join
“ Hi all on LSE
Last year vast shareholders did a charity fund raiser with a Christmas share price prediction. The winner chose the charity to give the money raised to.
This year we are going to do it again but this time as we are multi jurisdiction company in Romania and Zimbabwe we are raising funds for Zane a Zimbabwe charity this year.
The link to the PayPal charity pool I have setup is on my twitter account and here is the link to the tweet regarding this fund raiser.
https://twitter.com/Kurrinz01/status/1172789286887931904?s=19
It is £10 to place a prediction and if you do not have twitter if you leave your email address when you donate then I can email you if you win”
I don't think that they "need to", it would be nice though to know where the company is in respect of the Finance. IMO is difficult to believe that the swiss bank is still an option, I am thinking more that everything will be financed together which is not bad except that we need to wait for the Diamonds. If true that AP is in Zimbabwe I hope that he close the deal.
I believe that at this point there is not a chance to get Baita in production this year, not that worries me if we get the Finance in the end. I wouldn't like to get Baita in production through dilution.
I believe that news will be soon : Finance done or Placing