Botswana Diamonds Share Discussion Threads

[firmor] 06/1/2019 15:32

Good year ahead 2019 is going to be with thorny river new partner sunland jv maibwe mess will be sorted and South African projects been drilled GLA

[atlas1234] 04/1/2019 17:01

All legalised gangsters.

[boxerdogz] 03/1/2019 08:56

Hows your infa short buddy ?

[johncasey] 03/1/2019 07:41

to be honest i wouldnt trust any of them

[pjl4] 03/1/2019 07:32

New advisor. Are they reputable within the City??

[atlas1234] 15/12/2018 06:46

Well said - quite so.

[atlas1234] 15/12/2018 04:04

Here's another one on Vast De Beers. This page does sound like stuck whingeing. Quite frankly, I think the emerging news from this co has not been as good for years, if ever. Next step is to hear something about progress at thorny river, which will not happen in the next 5 weeks owing to southern african summer holidays being in play now, and then a transaction with market cap where it is. The danger is that it could be picked up by a buyer who will have the benefit of a less than 12 month pay back at the expense of those of us who have believed for so long. The cynics may bring us all down.

[atlas1234] 15/12/2018 03:53

https://ewn.co.za/2018/12/14/zimbabwe-mining-minister-invites-de-beers-vast-resources-to-return/amp

[teemore] 15/12/2018 02:11

Fenners66 - you sound like a broken record stuck in a time warp..

[fenners66] 14/12/2018 18:20

There used to be a TV sketch show that had

"Not News "

Seems BOD have been watching ...

And today in NOT NEWS - Vast have Not been informed by the govt in Zimbabwe that they can look for diamonds....




Of is it Vic and Bob - you started that rumour - no I didn't.....

In other NOT news ... a Clontarf company sold something. Of course that is not news they didn't.

[atlas1234] 14/12/2018 05:38

A point I ommitted. Although it sounds a lot US$140 million is not going to get them too much of a new capital, so that would be the other point I would question on the article. This would in no way cover the infrastucture required to establish Mount Hampden, let alone building construction.

[atlas1234] 14/12/2018 05:28

Thanks for the article. It sounds sufficiently hare brained to contain a modicum of truth about it!A history lesson. The Mount Hampden piece is an interesting one as that is where Harare (then Fort Salisbury) was originally designated to be sited, by hunter and scout Frederick C Selous, who led Rhodes pioneer column into Rhodesia. However, water was a problem in the area, and the column stopped 10 miles short in a wet area, set up camp and founded what is now Harare. MH is rich farmland now. It is a very interesting back track of history, and one questions why this site has as there are others which would be better. I would be cynical until verified.

[johncasey] 14/12/2018 04:26

12-14-18 by Spotlight ZimbabweCOMMENTS0
China Printing New Zimbabwe Currency And Building New Capital City, In Exchange For Oil And Diamonds


Itai Mushekwe
COLOGNE-China has intensified it’s grip, control and access to Zimbabwe’s mineral wealth by reportedly demanding diamonds and oil drilling rights from President Emmerson Mnangagwa’s government, as payment for printing and backing a new Zimbabwe currency, and the building of an opulent new capital city in Mount Hampden, Spotlight Zimbabwe, can reveal.
Image result for zimbabwe currency
The new Zimbabwe dollar is expected to be launched in early 2020, to repeal and replace the surrogate currency of bond notes, and will be backed by the country’s diamond and gold reserves supported by Beijing, which holds the largest diamond reserves in Asia, diplomatic sources in Harare said this week.
Mt Hampden city, the new capital city, itself a Mnangagwa brainchild mooted when he was still vice president in 2015, is expected to be operational when a new Chinese funded parliament in the city is completed around 2021.
Mount Hampden is situated some 20km from central Harare, and is also nearby to the landmark Charles Prince Airport in Mashonaland East Province.
Image result for New Zimbabwe parliament
New Zimbabwe Parliament Building funded by China
Prominent features of the new capital, which is part of a grand strategy to de-congest Harare, and designed in the mould of South Africa’s economic capital Johannesburg, include a university, technology centre, schools, churches, hospitals, industrial sites, residential areas, shopping malls, and hotels. The city will house the new parliament complex at a value of more than US$140 million, together with a new State House for the head of state, including the official residences for the Speaker of parliament and the Senate president.
Zimbabwe trashed its fiat currency in 2009 after it was ravaged by hyper-inflation which had peaked at around 500 billion percent, rendering it unusable. It then adopted a slew of foreign currencies, including the US dollar, the South African rand, the British pound and the Euro.
“It is all about oil and diamonds,” said one envoy representing a South Asian country. “China has demanded for oil rights and exclusive access to your country’s diamonds in Marange, without having to cede ownership of those assests to locals under the indigenisation threshold. It will soon not be applying to their firms coming back to mine diamonds, following a fallout with Robert Mugabe’s government. Actually it could be the reason why Mugabe is no longer in power, because he wanted Chinese companies to be under Zimbabwean miners thus posing a threat to Beijing’s diamond interests and long term future reserves. Marange had become their biggest foreign source of diamonds to supplement, about 50% of their proven diamond reserves concentrated in the Liaoning Province. That is why they’re generously constructing the new city, and working on the new Zimbabwe dollar set to be launched in early 2020. It is being printed as we speak, but the date of introduction remains a secret.”
In July 2017, Mnangagwa, then VP, was quoted by a state newspaper saying that government was “building diamond and gold reserves to back the local currency upon its re-introduction in future”.
“We are building reserves of gold and diamonds which if they reach a certain level I will not tell you here, it will then allow us to introduce our own currency that will be backed by those minerals. I am not at liberty to disclose to you the level that we want those minerals to reach before they can back our own currency,” Mnangagwa was quoted as saying.
Another diplomat said China had signed a deal on access to Zimbabwe’s oil and gas exploration in 2009, but it had not yet been formalised.
Image result for Zambezi valley
“The departure of President Mugabe affected many deals with China, as they had to be revisted when Mnangagwa came in,” said the diplomat from her mission residence by phone last night. “They’re in desperate need to secure oil for future energy security, and the 2009 deal now formalised, gives them oil and gas exploration rights covering millions of acres of land on the Zambezi Valley, amid strong belief that this country holds huge oil and natural gas deposits according to feasibility studies conducted by a five-member team of Chinese oil experts that has been resident in Zimbabwe since 2008.”
“Major players in the deal includes senior military and intelligence officers, Mnangagwa’s Zanu PF party, China Sonangol International Limited , China National Petroleum Corporation and the China Development Bank. Not everything makes it into the newspapers, but Zimbabwe will soon have a new currency and capital city because this deal has been sealed, and your president is coming up with a favorable new diamond policy to appease China, which should be signed into law soon.”
According to the U.S Energy Information Administration (EIA), China is going to be having about 120 million private cars by 2020, and is projected to import at least 60 percent of her oil requirements.
Oil exploration and production has now become one of the key areas of Beijing’s foreign investments in Zimbabwe and Africa. The Asian economic powerhouse has also increased her diplomatic and economic engagement in Southern Africa, especially with South Africa and Angola.
Despite not importing oil products from South Africa, China has set out to benefit and acquire South Africa’s technology in the energy sector, particularly the advanced refining and gasification infrastructure of Sasol, a South African based International firm.
The Chinese Embassy could not provide comment, as acting Chinese Ambassador to Zimbabwe, Zhao Baogang, was said to be out of office for the day yesterday late afternoon.
China is now Zimbabwe’s second largest trading partner after South Africa and leading arms supplier, benefiting immensely from Harare’s blind mortgaging of natural resources in exchange for arms and other military technology. The government has already granted China mineral concessions for gold, platinum, lithium, aluminum and zinc to mention but a few

[atlas1234] 14/12/2018 04:02

It us bizarre really. There is more good news coming from this company than there has been in years - compare the corp story of 2 years ago, and it has been punished for it. There are many factors at play, but these guys are due some luck as well which has not been forthcoming so far this year.

[elmfield] 13/12/2018 17:38

Since James c took over after so much hype and promise,
the share price has more or less halved allowing
for dilution, not very good so far, points out of ten: 1.
What’s more is they probably need another huge dilution,

[johncasey] 13/12/2018 07:21

solgold hit 1p...i bought then but sold too bloody early!

[atlas1234] 13/12/2018 04:16

10 bagger at these levels should be feasible given the news, although I dont think solgold went below 2p? Something must have been found at maibwe, which for my.money will be the reason for the delay in the prospectus issue, besides dixon warren being a lazy git. Potential is there to reverse drag on price just on this.

[johncasey] 13/12/2018 01:09

this could be another solgold

[elmfield] 12/12/2018 22:32

Heard it all before,
Just the same optimism a few years ago,
Look where we are now!
Lol.

[babychops] 12/12/2018 22:09

Just watched James on utube, he came across very well. I feel more optimistic now