Botswana Diamonds Share Discussion Threads

[lordz] 27/8/2018 15:12

Elmfield.. Just found this too....http://www.thisismoney.co.uk/money/markets/article-6098553/Into-Africa-1-7bn-diamond-venture.html

[elmfield] 26/8/2018 11:21

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’.

Sparkling move: Vast will be mining in Zimbabwe
harrie: Vast will be mining in Zimbabwe

Vast Resources was once known as African Consolidated Resources (ACR), which staked a claim over two blocks in the Marange fields in 2006, after they were relinquished by De Beers. ACR was evicted eight months later by president Robert Mugabe’s forces. Last year, the despot was ousted.

Vast Resources, which also owns interests in gold mines in Zimbabwe and metals projects in Romania, is currently worth £33 million. Chief executive Andrew Prelea said: ‘With an evolving political backdrop, new opportunities are emerging.’ The firm expects to start diamond production in the coming months.

[lordz] 24/8/2018 11:54

https://www.journalducameroun.com/en/botswana-denies-planning-to-reopen-copper-mine/

[lordz] 24/8/2018 11:44

Good for BOD and Maibwe. Gope.

[lordz] 24/8/2018 11:43

The Botswana government said Wednesday that it has no intention of reopening the BCL Copper Mine which closed two years ago due to viability challenges.Responding to media reports that the Botswana government is considering reopening the mine, Minerals Resources, Green Technology and Energy Security Minister Eric Molale said the Gaborone authorities do not have enough funds to sustain the mine.The BCL mine was closed in 2016 resulting in more than 5,000 people losing their jobs.Parliamentarians recently reacted with anger after Molale revealed that BCL's liquidation has so far cost more than US$100 million, with the liquidator and his team paid an average of US$220,000 per month.

[lordz] 24/8/2018 11:42

Sorry that's $220,000

[lordz] 24/8/2018 11:41

BCL mine could be reopened by the Botswana gov, it costing liquidators $2220,000 a month so far costs are up to$100 million.

[elmfield] 23/8/2018 21:25

Yes I quite liked it!
What an operator!

[markfrankie] 23/8/2018 20:18

old badger? lol :))
JT is delighted, zim is a different playground nowadays, best of luck everyone

[elmfield] 23/8/2018 17:28

Exactly and dilution since so going to take a wee bit of motoring but
with old badger at the wheel who knows where we will go!
With license from wind in the willows.

[chapchip] 23/8/2018 15:41

its miles away from parity on that deal Elm...its was about 8p wasn t it when spun off..........

[elmfield] 23/8/2018 11:37

Not get to excited. This has to go up a lot to make
it worth holding since Lucara did the deal!

[currypasty] 23/8/2018 11:35

John Teeling, Chairman, commented, "I am delighted that Vast has been awarded this exclusive access to part of the famous Marange diamond fields and we look forward working with them to realise the full potential of this area and others as they begin to emerge with Zimbabwe opening for business."

[markfrankie] 23/8/2018 11:07

Agree chapchip,
Nice work lordz.

[chapchip] 23/8/2018 10:28

long way to go to get too excited...but step in the right direction for sure.

[lordz] 23/8/2018 10:26

OK hush hush.

[mshilos] 23/8/2018 10:23

Mickey boy...no ramping here, can you not see the share price rising ??? 8p forecast by three top brokers , before 2019...BUT BUY BUY ....DYOR.

[elmfield] 23/8/2018 10:22

No ramping required.

[mickluv1] 23/8/2018 10:20

The rampers are here :-)

[mickluv1] 23/8/2018 10:19

Excellent news! I wonder what time Fenners will arrive to cast a shadow over this! The resources there are world renowned! More details are needed on the MOU as to our true extent of involvement but this could have a significant impact here ££££GLA

[mshilos] 23/8/2018 10:19

MASSIVE RNS DROPPED !! The broker forecast is now 8 p...BUY BUY BUY !!! dyor.

[elmfield] 23/8/2018 10:16

More or less a done deal, groundbreaking.

[lordz] 23/8/2018 10:09

VAST don't need to do exploration on marange field as they already know what's down there when they were consolidated before becoming VAST resources.

[emilio] 23/8/2018 04:55

PIPPI and FOKKA 55