Member Info for perroverde

Morning morning - NH/Babbs - VLS - am back in there too, they must've mended that leak by now surely? VRS - out for now - great co but sp/mcap overblown imo, due a fall (so as Babbler says it's going to £2 certs lol)

Sandy Grumpy Cast same for me. How about we all sell up, the price is bound then to rocket. Everyone else can form a 'widowers and orphans benevolent fund' for us 4 out of their immense new wealth.!

'Selling' a spreadbet is not the same as shorting a share. It has the same effect (multiplied by the gearing effect in fact so be careful there!) but isn't 'shorting' in the usual sense. Hope that helps!

And another thing - FX - your point re mms is valid, I'm pretty sure there's no 'mystery mr 3million' it's a couple of brokers maybe in cahoots with one or more of the mms just trading the ass off it. It's easy money for them. I assume they aren't really doing anything illegal, all they are doing is make a few quid each day on the margin (the mms) and a few quid on the comm (the brokers), they don't really care whether it's tuppence or 0.2p, and their trades squash any real market trades so it goes nowhere. Pain in the backside.

And another thing on V - if PP is going gangbusters how come M can't be funded locally (all available funds going into Eureka maybe?). So so so annoying having passed up/not been fully loaded on umpteen other fantastic opportunities (VLS, BMN, JOG to name but 3 etc) during the past few months. By the way I suspect I know who bought the shares and if it's who I think it is it's pretty positive, and I'm also pretty sure they'll be hanging on to them for the duration'. Here's hoping...

NH - I share your view. It's just a gut feeling. But gut feelings in my experience are often/usually correct. There's something odd about it. I suspect something to do with brown envelopes, probably in the past and almost certainly nowt to do with Vast, but which is making it difficult/impossible for anyone to sign it off. I would never post that 'over there' mind you.

Agree with Lee here - every time there's been a placement in recent times I've had a phone call from the broker offering me shares. Not this time (yet!) but unless he knows I'm brassick lol, this, and the price it was done at, makes me believe that this went to one or maybe a couple of HNW or quasi-institutional investors. Also, they'd not unreasonably want 'in' before BP not after. Also, this means that the company has no headroom left to issue any more shares without a GM vote. So although I do see Angus's point and agree to some extent, i can see major positives from this one.

Lankylad I think Dodge has answered your question re Blueberry. Management resource is of course an issue for any company but the Blueberry structure is an ideal solution in my view for a relatively small company in Vast's position (ie with limited funding options). A few of us (including Lee Cast Tom etc) have had conversations with AP and it seems to most of us that a similar structure to Blueberry would make a great deal of sense and maximise economic benefit in a minimum timescale for Vast shareholders. At the end of the day though it's up to AP and the bod to decide which is the best route to take. There will be other geopolitical economic and social issues to consider in Zim projects. One thing IS certain though: exciting times lie ahead!

NH/Spec/Babbs you seen that Vast made it into the Mail on Sunday today?

VAST is indeed a flea infested dog share price-wise but it will have its day one of these days. Not sure when though....!

What's going on at ZIOC....? Some david or other has been buying a meaty chunk or two by the looks of things.

I can't bear to even look at EQT it's too painful lol.
The news on VAST/Blueberry is very good indeed - just like the last rns on diamonds, it's waaaay better than folk seem to realise. Not that it makes any difference to the effing share price...

Probably busy combing his hair and having his makeup done lol

TBTT same here re BOD.
A v minor point of correction - it was DeBeers who originally prospected the fields via Kimberlitic Searches Ltd, but their licence wasn't renewed in 2006 (i gather they fell out of favour with the govt) and the licence was awarded to Vast. That's when the market cap of Vast (as was) went to £500m+, (And here I must correct my own post of yesterday because that in fact corresponds to 9p (NINE PENCE!) per share - not 2p as I said yesterday - recent dilution is already accounted for in the 9p calc as the sp was then circa 28p).

I was wondering when BOD would wake up... gearing effect for them is probably even greater than for VAST - huge for both.

Sorry to hear you're back in the hozzy W, hope better news soon, keep taking those drugs but keep some for us!

Good post Castaway.
I'm no diamond expert but I've been looking through my notes from past bouts of analysis on it and can add, hopefully of interest, a few points:
- In terms of carats produced, the Marange field is potentially the largest alluvial diamond producing project in the world, estimated to have produced 16.9 million carats in 2013, (or 13% of global rough diamond supply), 12.0 million carats in 2012, 8.7 million carats in 2011, and 8.2 million carats in 2010.
- Marange, is technically not an alluvial deposit, nor is it a kimberlite pipe. The diamonds originated from an unknown source and were deposited by seawater into a bowl-shaped bed millions of years ago. Marange is at the northwest rim of this bowl, where the diamonds can be found under just a few meters from the surface. The grade of the rim, or reef, is also very high: one method of quantifying the value of a deposit is to measure the carats per 100 tonnes of ore. It is claimed (I got the numbers from an article in the Zim Herald) that Marange produces 4 000 carats per 100 tonnes. The numbers for Zimbabwe’s two kimberlite sites, Rio Tinto’s operation in Murowa and River Ranch, are way lower by comparison: averaging 60-80 carats and 25-30, respectively.
- About 50 miles to the southeast lies the more recently discovered Chimanimani diamond deposit, which geologists have identified as the opposite rim of this bowl. In between, the bowl deepens to some 3,000 feet. It is well recognised that this could be one of the Worlds largest deposits, - one of the biggest unknowns about the Marange diamond fields is the actual size and potential values of the deposits. Although estimates of the reserves contained in this area vary wildly, some have suggested that this bowl could be home to one of the world's richest and biggest alluvial diamond deposits ever seen.
- While the bulk of Marange diamonds are of industrial grade quality, it is anticipated that the top five percent are “very serious gems” while another five percent are “decent quality”.
- If the area was mined at a responsible rate, Marange’s output could potentially sustain three million carats a month for 14 years.

I'm sure that someone with better sector knowledge than me can confirm/correct these points but hopefully they give an idea of what we're dealing with here.

Well on that point we DO agree Mojo!

You're right but missing the point in equal measure; this really IS worth billions, probably bigger than BP...

Big news, that rns - sparkling in fact!

NH - I don't think the market 'gets' how big Marange actually is. And it's even bigger and better nowadays than previously as I gather subsequent geological survey work has identified big additional seams.