Member Info for perroverde

Looks ok to me - Manaila was expected to be down due to stripping. Zim great numbers.

Me. It's being ramped by the bandits though so be careful.

Spec - NCCL - agree 100% - been looking at it this morning again - but it stinks like a turd rolled in glitter so have decided I'm out and staying out. My target was 10 but got nearly 9 yesterday thanks to the bandit rampers so happy days. Onwards and upwards... Bought some more NFX against my better judgement - hate 'cure for death' stocks but the Twitter Spivs are all over it like a pustulating rash so what the hell...(and I'd therefore short it if I were you lol)

Morning - wouldn't have minded a few of those 6.25p shares in N (but my phone never rang!) - as you say, hopefully get back in on any drop today (if it does). VLS - looks like good news? - you still in there Babbs (i am).

Morning. N - nice! Can't make my mind up whether to be selling into this and buy back on the fall back (you're turning me into a trader Babbs stop it lol). But then again I think it has more to give in the medium term (eg 10p next week lol). Nothing more

FTB that's quite right of course. Who knows what the outcome of any 'investigations' might be (very possibly nothing). And I seriously doubt that Zim Gov is about to simply hand back Marange. BUT they also desperately need to be seen to be doing something, so some sort of JV agreement whereby the State is seen to retain 'ownership' might be politically and economicaly advantageous to all. They can't do it on their own that's for sure. Anyway, enough about Zimbabwe, where's the bleedin' BP licence....?!

FTB I believe that was last week but good find - underlines the need for the Government to be seen to be doing something if they want tne elections (in July!) to go their way!

Yes it seems to have found some legs (NCCL). Not sure about the 20p spivs but 10p would be good.

Interesting to hear Elcap - we should all take a look at what happened in Botswana - where Diamond mining to date has fueled much of that country's economic growth, allowing it to grow from one of the poorest countries in the world, since independence in 1966, to a "middle income� nation with over USD 10000 per capita. Largely because of this, Botswana is considered by many major investment services to be the safest credit risk in Africa. Diamond mining in Zimbabwe has the potential to replicate or indeed exceed these successes in Botswana, to contrinbute massively in terms of economic development.

Spot on Lee. There's another political issue which I forgot to mention: one of the first things the Crocodile did was to lift foreign ownership restrictions on mines EXCEPT platinum and diamonds. We should watch out for this changing too - which will make for an even more interesting environment for potential investment in projects such as Marange. Also, they announced that any company investing $100m or more in the mineral sector can negotiate tax rates, royalties and ownership structures directly with the government. And sometime this month they will announce development policies for individual minerals, taking into account feedback from talks with the local chamber of mines and individual mining companies. Presumably including Vast. There's a long way to go yet of course - but these are certainly increasingly interesting times.

You're quite right Cast, a good point I should have mentioned - the kimberlite pipes are generally believes to contain potentially huge amounts more adding an enormous amount to the existing total, as to how much, well how long is the piece of string? Don't forget also that about 50 miles to the southeast they recently discovered the Chimanimani diamond deposit, which geologists have identified as the opposite rim of this bowl. Which underlines the likelihood that there are huge deposits In between, the bowl apprently deepens to some 3,000 feet (so would need a bit of digging lol) but you get the drift of the potential quantum here.

While we're hanging around bored waiting for more news I thought I'd revisit the Zimbabwe diamonds situation. A few points of interest arose which might help cheer us all up: - Marange Diamond Fields is reckoned to be holding one of the World�s largest deposits. - The deposit is huge, the field covers about 400sq miles, forming a bowl-like profile whereby the edges/rim offered easy pickings until now, but is now quite depleted. However the deeper conglomerate rock sections are where the really interesting stuff lies, but require investment in equipment and specialist knowledge to extract. - In terms of carats produced, the Marange field is potentially the largest alluvial diamond producing project in the world, estimated to have produced 17 million carats in 2014. Due to quality (on average slightly lower than most) and distribution issues, the average value per carat is reckoned to be circa $50, about half the global average price (I haven't found anything more recent yet). - I'm no expert but am told that a good method of quantifying the value of a deposit is to measure carats per 100 tonnes of ore. It is claimed that Marange can produce 4 000 carats per 100 tonnes. The numbers for Zimbabwe�s two kimberlite sites, Rio Tinto�s operation in Murowa and River Ranch, are much lower, averaging 60-80 carats and 25-30 respectively. - 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�. - Until recently, the diamond fields were operated by 7 private entities all of which are partnered with the Zimbabwe government. None have shown ability or willingness to fund the investment required to develop the deeper mines. - The resource has seen little or no investment in recent times, having been exploited for the personal enrichment of third parties. The Zim Government apparently wants the field to be properly worked to provide fair returns for the people of Zimbabwe and to provide returns to the much-needed investors. But it can't do it on its own and needs external practical and financial investment and it's reluctant for historical reasons to go to the big players. Hence the potential for VAST/BOD. - It is reckoned that Marange�s output could potentially sustain three million carats a month for 14 years. Even at $50/carat that's a hell of a lot of diamonds...!

I'm also refugee from Vast where I'm pretty heavily invested too. Have been watching BOD and the whole Zim diamond situation for some time, today's news was the catalyst which got me to dip my toe in too. Here's hoping for a (potentially very lucrative) partnership which could benefit both sides. GLA.

Badge - as Cast says this could potentially be at least as big as BPPM and very possibly bigger - look at VAST (AFCR) mcap before Marange was 'repatriated' (�500m+). For difficult historical reasons it would probably be politically difficult for VAST to get a licence/rights to mine it on its own, but with a politically-acceptable working partner like Botswana Diamonds it could be a very different ball game. And James Campbell is one of the most prominent experts in the diamond sector, and as a partner is second to none. This is a lot more interesting imo than people probably realise.

Funny I saw your BOD comment yesterday was going to ask you about it...That Vast/BOD thing is massively more interesting than people probably think - I've done quite a bit of background work on this subject - Vast would struggle politically to get Marange back (or even a right/licence to mine it for that matter) due to history, but with BOD alongside it's a whole different story. Other news on 'my list' - IOG - nice progress

Castaway - exactly. Very very interesting.

Just been having a quick look at the graphene one Babbs - bit of a burn going on there but a nice find - I'll have a closer look if i get chance today.

Morning all, morning Babbs Quite a good weekend in the North as it happens. Looking forward to....: NCCL - that'd be nice... VAST - news promised by end April but will Boy Wonder deliver today? MATD - maybe news today?

Ha! I made exactly the same choice - HVO or NCCL, went for the latter (really uneasy about HVO tbh). The spivs are talking of 20p but I too think 10p a good target (remember VLS!).

There IS something odd about it. And if it quacks and waddles....