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Yes... and their again it could take hours!!
This is probably the best confirmation that any one could have wanted that the Parcel of Diamonds are actually available and in the bank!
AP is under pressure now to do everything he can.... and i think this will be settled within 10 days!
Enough time has lapsed for the Diamonds to have been retrieved, cleaned and valued.
As we are into July tomorrow, we are getting extremely close to an update!
Pk... i would assume that the Bondholders are shorting as well.... black they win and red they win.
The JV is on the cusp of being called and suspension is indeed on the cards, then the last thing Shorter's will want is still to be holding. Currently the drop allows them to Get out of Jail.... PDQ!
Expecting to see some interesting late trades....
Anyone offering odds on a Blue close?
The worm will turn very suddenly!
Of the conversion is important... why now?
Time to keep an eye on sudden large trades ( imo)
It will bag immediately from here... buying will be almost impossible!
Now excuse my ignorance here but,
Is it possible that a collective of Pi's do own enough ( over 50% ) of the voting rights to call for an EGM...with one resolution that Art be removed from his post as CEO?
It's time to kick ass surely?
I did suggest something like that a couple of weeks ago.
The company has debts and wants the diamonds. The Government have the Diamond's and want the Investment's.
The issue i think, has to relate to arguments / negotiations surrounding where the funds are heading and assurances of future investment.... but a guess like everyone else!
You have just said this:
'For Vast to actually say they are considering the possibility they won't get the diamonds (either in time to help with cashflow issues or at all) is worrying'
Where does todays RNS indicate this please.... i cant see anywhere where there is any doubt as to 'If' or quote 'Wont' get the Diamonds. This a genuine question in good faith.... not trying to trick or question your thoughts, as to me it is saying that things are still being processed ie: work in progress ( be it a bit slow! )
'Despite our continuing efforts and the High Court Judgement in our favour, we have not, as at the
date of this letter being published, completed the settlement of the historic claims. This remains
our expectation, but as time moves on we need to plan accordingly'
The GM allows for shareholders questions. I think AP will be expecting a grilling.... unless a parcel is delivered first!
Ghana ratification will set the fireworks off!
If you want a few 100% return's then yes...could be weeks! Results from current testing could be massive in their own right.... i was actually inferring to the real return's when the SP could be in the pounds.... not pennies!! That wont happen in weeks.... in 5 years time though the JV could be incredible! No negativity here .....
The Company has also agreed, with the relevant title-holders, to test priority brines from privately-held salt-lakes in Argentina and Chile. These are also included in the NEXT-ChemX joint venture on Direct Lithium Extraction ("DLE").
Crikey.... this could be an off the scale type massive within 5 years!
Buying earlier was by AT only.
MM's always know what's going on first!
That would make total sense...so the next RNS could state 'X' value realised! And that won't take long to announce.
That does look like the nearest to anything positive for a while! If the VAST parcel is included in that Auction then logic will say that news of any sale could be leaked within the next 48 hours as i assume that the Seller has to be made known?
No News is Good News until there is no News which then becomes bad news.
I am a holder, but be honest this ain't looking good is it.....
The end of April or Mid May at the latest....long gone!
Are we off?
I think you may have hit the Nail on the head with that one! My thought has been that the Diamond have to be sold in Zim and the funds not allowed to leave the country to ensure investment in New mining...negotiations have now taken too long and AP needs funds to cover that debt at the end of June...assuming that itself has been rubber stamped! Mushrooms come to mind....I think though news will be extremely soon good or bad!