Member Info for poiu

Another price indeed, this is very good news because we need Zimbabwe as well off and stable as possible. I am itching to see tomorrows papers, surely they will have something in the Mail On Sunday as they have already run a piece on the diamond potential between VAST and Zim. Amazing times, stay the course!!

I am wondering if this share price is being held back for our 'cornerstone' investor AP has been talking about.

Any RNS has to be put through the Nomad first, so this news from the press will have to be confirmed but also it has to be based on facts, the article only says VAST has been 'invited' to return. Clearly it is only going to be a very short time before the RNS comes out but i would guess after this week ends meetings.

Morningsun

I thought it would be an interesting conversation, i was intrigued by the way AP said 'weeks' then 'months' then he said the reason would become clear. It seemed to me it would likely be related to Zim, though as you say thats a guess as well.

Has anyone worked out the reason for the £ 1 million placing?

Read on.

https://steinertglobal.com/mining/gemstones-diamond-sorting/

Jayfella, thanks yet again.

Well i must admit i will be shocked if VAST get to be one of the companies given there are only going to be two and that the Chinese are really pushing to get them, but James C is undoubtedly an expert in this geographical and subject area. If VAST were to be selected it truly would be huge, and very very quickly. Once again amazing research. I for one would love to have a meet up with holders if this all works out and buy a bottle of the best champagne for those on this thread especially Jay, but others too who deserve real thanks for their hard work.

I would also like to add that i think this thread is an outstanding one, several posters have on a regular daily basis kept us going with the latest information and everyone is so polite and sensible unlike so many other threads.

Castaway.

If this were to happen then VAST would simply rocket as the herd would see instant money for VAST, my argument is that if the Chinese get the two companies then VAST is still incredibly well placed since we have an excellent portfolio of assets in Zimbabwe and would be able to work in with another company to continue. I truly hope youe right, i just interjected because i worried people would place too much hope on us getting one of the places and forget we would still be in a cracking position even if we had to go with another company to work our diamond areas.

Without a doubt this is a fascinating time for VAST, AP has done very well and i do understand completely your points regarding Romanian form with Zimbabwe as being potentially very important in the selection process, What an unbelievable coup it would be for a 25 million market cap company to get in here.

The Chinese have just paid for a new parliament building in Harare, clearly there were some big discussions leading up to that. I used to work for the foreign section of British Aid and can assure you that if the Chinese want something they will get it, a new parliament is a huge project, the Chinese are huge in Africa. The Belt and Road Policy, an actual stated Peoples policy in China, is designed to do just this thing. Get stuff in return for Aid right across Africa. They have done it in the East, South East Asia and across to Russia as well as South America.

Speculation that VAST will be one of the two is just speculation, i am afraid we just wont get it and pushing peoples hopes up is likely to lead to a lot of disappointment in the near future.

Sure VAST have their leg in Zimbabwe but we will not be chosen it will be that we go to one of the others to do a joint deal, and that is OK by me as the PIE here is VAST. Sorry to say all this but i am a holder, have been for long and am sure AP will get us there, but my own experience says no chance to us being one of the two. Just love to be proven wrong but i spent years in the arena of overseas bribery / coercion ( sorry aid ) and as soon as i saw the New Parliament from China headlines i felt we were going to have to go in with one of the others.

Once again so grateful to you for your hard work, currently i am underwater with work and aged parents so your information is

keeping me sane.!!!!!!!!

Me too, i have felt for several sessions going back a while now that the volume is simply too high for ordinary day traders to achieve. So many times i have seen large institutional buys where they get in at a forced low, buy for ages when the price is being held firmly in place, then the price moves up gradually and the volume roars up as the IIs buy all the shares from stale Bulls who are only too glad to get out...just before RNSs giving outstanding and usually long awaited news. We damn well know how good the mines are, Romania is playing ball with us, Zimbabwe is actually getting on the road to sell itself as a mining haven having just sent the new laws through parliament to accommodate Gold miners etc. Pickstone can only benefit from this, they are coming out with the diamond laws soon, VAST is in a really good place, AP had said getting an II aboard was his greatest Aim at the moment. Time to be in methinks, not a time to panic.

I have a few Greatland, not as many as here but still enough to be really happy with recent events there. We are waiting for news here and like with Greatland i continue to be patient as i realise time will bring us the results we want. Many are a little too impatient, we had all that with Greatland but just sitting tight realising the assets are our strength is enough for me.

I think its only fair to understand AP is up to his neck in work, serious work that is building up a company for us.

Telegram a total waste of all our time, just rubbish posted continually.

More to come soon.

https://www.thisismoney.co.uk/money/markets/article-6098553/Into-Africa-1-7bn-diamond-venture.html

We do know AP said that he hoped for news from Mercuria Tranche 2 before month end. I suspect they are going to have a round of news and try to give the share price a damn good shove. A little more patience, other than that Good morning all!!!!

We should be getting the production update, there is so much to come from VAST in news flow that these are really exciting times for us. Looking forward to this months action over the next two weeks or so.

No one has posted anything at all representing anything like a lie. AP said all along he didnt want dilution, j=he said he was against placings and definitely at the current share price.

This has been misrepresented to mean no placings. What has happened is that AP has seen an opportunity for VAST and raised the one million accordingly. He has done his job. Good for him and us in the medium term, Just read the RNSs and its clear. DOH

Andrew Prelea has never said there would be no placing, not to my knowledge, you have simply read it wrong. This money is in the hands of an extremely vibrant CEO engaged in several ventures in two different countries. He has said many times he really does not want to dilute and has been good to his word except for these small amounts of money vital to building up the high quality company taking shape in front of our eyes. Actually he has kept to his word remarkably well though i do understand people unused to business in difficult countries like Romania and Zimbabwe will, sitting in their armchairs, find this hard to visualise.

When he returns from Zimbabwe i an sure he will have good news to tell us about Red Mercury and the relationship he is building with them. Again for those not used to working in such regimes it will be very hard to get just how difficult a job Andrew is succeeding at. He has built a management team, involved local elders and is studying how to go forward to the benefit of all parties involved, shareholders being, as he has often said, important to his business strategies. I expect him to also have news on the progress of the latest actions concerning the laws which affect those companies investing in diamonds.

Regarding Romania AP has got funding 'ringfenced' in a sense for each mine, this million quid is just seed money, its not a large placing in fact it shows how easily money is now being raised, some for this part of the company, some for that. We have the large II he wanted now involved and clearly about to become more involved as progress is made. Well done to our CEO from me, the fact i have a lower value to my shares today is of no importance given teh strides he has made and is continuing to make, especially with the larger hitters he is now bringing in. If he has to have money before the Mercuria tranche hits and needed to do this then fine by me. The bottom line is how much the company can mine, refine and sell. He is getting there by working hard and encouraging good people around him unlike so very many CEOs on AIM who are just at the trough.

I dont think it will be long now, the news flow has been really good, as far as Baita Plai goes though we do need the money. This second Tranche from Mercuria obviously makes Baita Plai real in the sense nothing can happen without the payment. The specialist IIs though will surely be watching progress here because with the market cap at only 30 million the upside given the current state of play at VAST never mind if we get Marange is huge. Just patience, if its good enough for the Chief Executive Officer and the Chief Finance Officer, its good enough for me.