The Chiadzwa Diamond Fields located in Marange are widely regarded as the richest alluvial diamond deposits globally.
In September 2019, the Company announced it has signed a Joint Venture Agreement with Chiadzwa Mineral Resources (Pvt) Ltd (“CMR”), a company designated to represent the Chiadzwa Community interests in the Concession. This resulted in the formation of Katanga Mining (Pvt) Ltd (“Katanga”). A further Joint Venture Agreement between Katanga and the Zimbabwe Consolidated Diamond Company (Pvt) Ltd (“ZCDC”), a government entity which represents the Republic of Zimbabwe in the diamond mining sector, is set to be officially signed.
Business Reporter
Alternative Investment Market (AIM) listed Vast Resources says it is getting ready to sell 129 400 carats of rough diamonds, which have been in the custody of the Reserve Bank of Zimbabwe (RBZ) since 2010.
That AP is playing his cards to get maximum benefit to himself..... In the not to distant future he will know before anybody else what the true value of the diamonds is... When he does and the value is as expected plus £18m he will buy an absolute stack of shares along with his fam n friends at the pitiful prices that he has set with his PS poor RNSs with a severe lack of real information..... Its obvious to me that the diamonds are definitely going to be in the hands of the Vast coffers.. and he knows it.... But if he limits the the information about the progress of the hand over he will get lots of opportunities to buy at rock bottom prices.... If there was ever a time to max out and buy shares in vast IT IS NOW
To buy on this good news of a new 600k pa contract means you lose 16% instantaneously and have to hope that the rise caused by the RNS exceeds 16%. Which is not likely