TBTT, I don't disagree and rec your post, but this begs the question; why not let go of the past and why would AP talk about the claims?
Yes, everyone needs to tread carefully, the country is struggling economically, but regarding the return of assets that were taken from AFCR's offices, surely not too much to ask and something easily attainable without causing economic loss?
..and yes, at least $11m+ IMO, tho even then that price is still too low IMO, given 10+ years of lost revenue and interest. I know the recent diamond auctions in Zim fetched $67/carat but that was because they're just "re-warming" to the global market.
Assuming they're still in the safe, according to this article the Supreme Court ordered them to be stored in the Reserve Bank until the outcome was finalised.
More accurate detail here..
https://www.polishedprices.com/go/market-news/news~4346
Castaway, I read that and aluded to it recently: 129400 sitting in a vault somewhere
"The fight for the Marange diamonds has escalated after a recent botched attempt by Mbada Diamond Mining Company to sell 300 000 carats of diamonds through auction. There is also a battle over the recent seizure by police of African Consolidated Resources (ACR)’s 129 400 carats of diamonds from the Reserve Bank offices. Millions of carats of diamonds have been extracted unlawfully at Chiadzwa since the diamond rush began in 2006."
https://www.theindependent.co.zw/2010/02/18/open-conflict-over-diamonds/
Just caught up with the podcast, whaddaguy! He looks chuft as f00k.
What can I say that hasn't already been said? Super strong buy and I don't care if that comes across as rampy, too right.
We can now focus on what this enables us to do, looking toward Manaila and Zagra now, which I find very interesting,,considering the idea of turning Manaila (w/Carlibaba extension) into a central metallurgical processing hub for the majority of Vast's northern mines in Romania.
Manaila
- Metallurgical processing facility planning, design and land acquisition waiting on Tranche 2 fund release (soooon)
- Profits will vastly improve once metallurgical processing is onsite (instead of trucking it 30km away at Lacobeni only for the ore to freeze during the trip).
- Profits will improve 30% when the new trucks arrive (Q1 2019?)
- Metallurgical processing facility intended to form a central "hub" for Manaila, Carlibaba and Zagra... 2km underground link between Manaila and Carlibaba extension, Zagra Piciourul has a 19km underground link somewhere between it and the Carlibaba site
- I highlight the underground links, severe winters will not impact operations as much as they do currently
- Zagra Piciorul Zimbrului and Magura Neagra are proximal to the Manaila Polymetallic Mine (located 19km and 47km away respectively)
We have yet to hear much if anything about Zagra's prospects, possibly Europe's largest copper prospect (10km2), consisting of Zagra Piciorul and Zagra Magura Neagra licences (which Vast were awarded at the end of 2016).
The bulk of the juicy detail is in the Dec 2016 RNS
https://globenewswire.com/news-release/2016/12/22/901309/0/en/Expands-Romanian-Mineral-Footprint-Through-Acquisition-of-New-Licences.html
Too right. Fair value is now 1.2p+ and any II worth their salt should be banging on APs door in the middle of the night.
AP has a knack for very beneficial surprise announcements, I have a feeling he'll be busy courting serious investors over the next few months.
Starting to wonder if we're cursed... even other miners without news or producing assets have risen above us today, it really is beyond belief.
I can only presume the market has yet to absorb the full facts is perhaps awaiting the Mercuria funding to arrive.
By press I mean social media, vox, proactive, hopefully some market columns in the rags.. this company is starting to make a lot of noise and regular positive newsflow is expected from now on.
They do need to boost their PR game tho.
To be clear to any newcomers that are researching this - Vast will be moving much much quicker from now on; it has only taken this long due to the legal wrangling and complexities of Romania legislation, but AP and his team are past all that now.
BP is a cashcow mine, with infrastructure and offtakers already in place - it is also a cornerstone proof of concept as it will allow Vast to unlock the potential of Manaila (producing with expansion upgrades), Zagra (massive) and future Remin mines (of which AP has his pick of 55 assets in Romania!).