Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
The holding has rebalanced from the issue of the quarterly payment.
What is going on??? All cloak and dagger with vast.
He’s either the smartest or dumbest man alive
Are vast actually trying to be a real business???
I fear that the outstanding question of debt will outweigh the positive news.
Almost no trades at all. I wonder if the diamonds on sale in Dubai on Sunday are ours?
Ho hum, holding until the bitter end. It’s all or nothing with vast. What a cauldron of insanity.
I’m not normally a conspiracy theorist, but it’s very interesting that we still have no RNS.
It’s silence from vast, normally AP is doing a podcast explaining away the latest placing by now.
The election is over and the President is looking to the outside world for interest. I’m hopeful, but still this is vast so AP can still muck things up at a moments notice.
But still
Is this a new RNS?
There's probably bucket loads of claims for all kinds of stuff and they worry that it will set a precedent if they actually give something back.
Something that has caused them to grant another extension. These companies are much more in the loop than us. If they’re giving more wiggle room, then there’s something in it for them.
Zimbabwe Very positive progress has been made concerning our historic position in Zimbabwe.
Blimey still no placing.
For the first time in a long while, vast is starting to look a bit brighter. I hope they don’t slope off back to bad habits immediately.
Placing tomorrow
I’m still thinking it’s a placing, happy to be proven wrong, but this IS vast. Andrews Hall & Prelea will screw us everytime with his failed schemes.
When is it NOT?
Vast Resources plc, the AIM-listed mining company, wishes to announce a further update in relation to the announcement made on 3 July 2023 regarding the further extension in view of the anticipated settlement of the Company’s historic claims.
The Company is pleased to outline the process to date and continues to progress to achieve a lawful handover of the historic parcel.
In light of the need to conclude the handover process expeditiously, the Company made the decision to instruct the Deputy Sheriff to uplift the parcel from the Reserve Bank of Zimbabwe (‘RBZ’) under a writ of execution issued out of the High Court of Zimbabwe on 14th. June 2023.
The RBZ required clarity from the Deputy Sheriff regarding the status of the original Supreme Court interlocutory Order placing the parcel in its custody pending disposal of the appeals pending before it.
The Company’s lawyers provided this clarity to the RBZ, stating in effect that the interlocutory Order was no longer in extant as the appeal to which it was subject to was no longer lawfully before the Supreme Court, having been long abandoned by the then appellants to the original dispute.
Consequent to this, the Deputy Sheriff was again instructed to uplift the parcel on 29th June 2023. Also in attendance were the Company’s lawyers.
Upon attendance at the RBZ, and in consultation with the bank’s internal legal counsel, the Deputy Sheriff agreed that the RBZ would confirm, in writing, the process that would define the procedure for the orderly and secure hand over the parcel to the Company, which includes the procedure for valuation for royalty purposes, export permits and Kimberly Process Certification.
Thereafter, the Company and RBZ will put in place logistics for the removal of the parcel attached by the Deputy Sheriff under the writ of execution.
The Company notes that until the process has been finalised and implemented there is no certainty as to the precise timing for the recovery of the parcel and will update the market as soon as there is a material development in this respect.