News to come28 Oct 2018 12:13
About four weeks ago we had the article in the Sunday Mail, the article included this comment,
A London-listed mining firm has staked a new claim in Zimbabwe’s Marange diamond fields, in a deal that could unlock £1.7 billion of gems.
Aim-listed Vast Resources has agreed joint venture terms with Red Mercury, a Zimbabwean community trust, for exclusive access to a concession in the fields.
Red Mercury will provide a full mining licence and Vast will procure funding from investors for an ‘efficiently operating diamond mine’.
It seems to me that the Mail on Sunday, which is a very influential share tip source was setting up VASTs progress with that first article. Since then we have had a lot of progress including the Baita ~Plai agreement. We need the T2 from Mercuria and that should arrive shortly once the paperwork as flagged by AP has been completed. Then we need to see the Work Plan for BP as well as the quarterly production figures. Each of these can arrive any time, indeed they should come along like buses during the next ten days. As the Mercuria money drops in, thus liberating the Work Plan for BP so we can see a definite addition to the production figures from this new venture, at the moment we still dont have the money to kickstart it.
But then we will have some comment from AP about Zimbabwe. I am particularly interested in this as i do believe AP has good bargaining power in this one and he will certainly use all tools at his disposal to achieve a good outcome from the negotiations he will undoubtedly have with senior figures in Zimbabwes government. The Mail on Sunday, 'This is Money' section, have already introduced VAST. A really good article in the Mail will be the best catalyst for our share price as we do need not just new PIs buying but an II, and that article can produce both. Time and again i have seen a good newspaper tip get taken up by one fund or II or special situations investment.
Either way it wont be long now because the final pieces are falling into place removing risk in what we have to admit are hostile territories attempting to grow out of their poor political heritage. A little more patience, a little more information and we will suddenly have a company that is mining in 5 different mines in two territories covering Polymetalics including Gold and Silver as well as Diamonds. I think AP timed his new purchase of 8 million shares very well, not forgetting he is allowed to buy now that so much forward price sensitive information has been made available and flagged as being in the pipeline.