Vast Resources Share Discussion Threads

[electrick] 18/12/2018 14:54

86.67% interest in a SPV which has a due diligence access agreement and pre-agreed joint venture terms on a diamond concession within the Marange Diamond Fields, widely considered to be one of the richest sources of alluvial diamonds globally.

Okay. Pre agreed JV terms. Assumption therefore makes previous question a moot ppint

[electrick] 18/12/2018 14:47

Am I correct in saying that although the MOU with BOD was agreed and access was given to BOD on databases no JV has formally been signed and sealed yet.

All RNSs from both companies talk about wanting to, agreeing to, but I cannot se that it has been executed.
Hopefully someone will point me in the right direction???

[electrick] 18/12/2018 14:39

Kinda wished I had stayed watching on the sidelines... hey ho. It is what it is.

Talking diamonds and Marange I did like this snippet fro the appointment RNS earlier

"The political amelioration in Zimbabwe over recent months has made us revaluate our activities in the country and we are now actively seeking new opportunities and exploring options through which to revive historic claims in order to build a significant presence in the region. I am confident that Mark's experience, network and influence will expedite this evaluation process as we look to expand our current mineralised footprint, comprising the Pickstone-Peerless, Giant and Eureka Gold Mines, to establish a significant presence in the Zimbabwean mining industry in the near term."

[footloose2] 18/12/2018 10:48

john

I would have thought all long positions would have been closed a while ago.
Its no wonder those spread betting companies have 80% losers.
Its like betting on a football match with them knowing what the result is going to be.
Only letting you bet on the losing side.
I closed my longs on here a while ago, cashed them in and bought real shares to add to the ones i had. I think i closed them at about .58 - .6p. Even though they had not been taking long positions for well over 6 months i still had a job closing them.
They have fell ever since, make you feel they knew what was coming.

[johncasey] 18/12/2018 09:00

just hold on for spread bet settlement day today...things will get better when they roll positions...they like to milk it

[footloose2] 18/12/2018 08:33

I was just taking a look at Eureka gold mine that will come on line in H1 2019.
Its massive, 200 kgs a month, thats 7054 ounces. I don't know the all in costs there but with Vast having 25% of it its going to be throwing out some serious profit soon.
We are at the point where we are are waiting for for news so it gives the market a chance to drop the share price But sooner or latter the news will start flowing again. The reality will kick in as to what we have, then the money will start to flow.
This will be the share of 2019 in my opinion.This time next year i have no doubt i will be looking back and thinking why i did not buy more at 0.39p.
The thing is i would but am already fully loaded.

[footloose2] 17/12/2018 07:37

sandcrab

Well AP has said he has others lined up for the off take deal if there were problems, which he doubted.
Then we have this news that we are one of the 4. When have you known news like this being just swept under the carpet until its been confirmed formally.Its being played like a fiddle to get PI's to sell imo. The same happened on the BT licence news.

People can and will draw there own conclusions on whats going on here.
All i know is BP licence was a game changer, and the diamonds could be a company maker. They can drop this to were they want, but i will still be holding.
AP said 250-300m market cap could happen by end of next year. He knows what we have and i can see what we have. All i know is 0.4p is no where near what this company should be valued at. I also think AP should not have put that possible valuation on the company. we should be valued today at no less than 0.8p imo.
Well here's to yet another day of manipulation.
Just another day of the haves wanting more of what the have not's have, but at a fraction of the price. Greedy greedy people.

[sandcrab2] 16/12/2018 15:47

T2 still needs to be nailed down with the financing paperwork in place, which is the reason for the muted share price response to date IMO

And formal confirmation is required on the diamonds

When these have come in I am expecting a rerate, together with the whole thing being explained in a full detailed circular to the market, signed and issued formally by the company's financial advisors

[footloose2] 16/12/2018 11:53

John

I just through the placing in as a possibility, because of the strange share price movement.
I don't think AP is stupid to do one at anywhere near this level.As i have said before
i have never seen a share act in the way this has on news over the last year.BP was never a certainty, the fact that just getting that licence after how many years waiting was an achievement. It's said that to get the mine to where it stands today would cost 35-55m pounds.The cost to get it started producing is not a great amount,also take into account the fact that we already had T2 lined up to finance it. But they decided to drop the price on getting the licence? Now we have these diamonds,
First it was a muted thought that we might one day get back what was ours.Then we find out it was a distinct possibility that we were going to get something. Now we have heard from the horses mouth that we are one of the four, just waiting for conformation. What do we get share price wise a drop.

I have never seen such blatant manipulation of a company.
Its the biggest case of sticking there fingers up to PI's and so called regulators you will ever see.

Lets see what they do when the interim results come out this week.

[johncasey] 15/12/2018 18:55

cant understand why if a placing though is imminent why it would have to be so low..why not at 0.5p or 0.6p? personally i think the share is being naked shorted and the fact you cant spread bet vast says it all...something big happening behind the scenes and i reckon its the 'debeers' factor

[footloose2] 15/12/2018 13:50

Well this share price movement down is as strange a thing as i have ever seen. We now have a market cap of 23.6m. I am sorry but that is just crazy low. If the reason is a placing i will not be happy with AP. Not that he needs money but the fact that he has said on numerous occasions that he would not dilute at this level and that was at 0.6p. Well he has raised at 0.53p on 2 NOV.
at 0.6p on 18 Oct
at 0.645p on 29 august
at 0.525p on 27 June
So if he is raising now again it looks like it will be in the 0.38p range.
This would be a big mistake by AP in my opinion. His trust with PI's will drop enormously.He said the other week he thought a market cap of 250m -300m was possible in a year. Well we are heading in the opposite direction. I think AP has done a great job over the last year, he at this moment is suffering from his own success. He has got us some fantastic assets but they are going to take time and money to get them producing.We do have some near term assets that will soon come on line, so that will help enormously. But we don't need anymore assets purchased. He might be getting us great assets but at what costs to the share price and PI's dilution. It would be ok if the market was at least putting some value on the assets he is getting.

I am still not sure he is diluting at this price, He has had about 4m in dilution over the last six months. We still have no idea what the last placing was for.
But i an sure that the value will be added over the next 12 months. More like a share price of 1p and 6o-70m market gap than 250m.

[johncasey] 14/12/2018 21:18

it wouldnt surprise me if debeers made a hostile bid for VAST...AROUND £200M

[footloose2] 14/12/2018 15:53

Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining

14 December 2018

Vast Resources plc

("Vast" or the "Company")

Marange Diamond Field exploration: Status

In line with its regulatory obligation Vast Resources plc, the AIM
listed mining company with operating mines in Romania and Zimbabwe,
having noted reports in the press that the Minister of Mines has stated
that Vast will be allowed to explore for diamonds in Zimbabwe, wishes to
make it clear that it has received no official notification of this
position.

The Company will update the market as soon as it receives official
notification.

I like this bit at the end.

The Company will update the market The Company will update the market as soon as it receives official notification.

As soon as it receives official notification.

[footloose2] 14/12/2018 14:27

I know some will say there is no manipulation going on here.
But i say to you, who started the selling after such a very small rise after we got the BP licence?. Would you say PI's after they waited of long and were expecting a much larger rise,NO.
Now forget that we have had the share price lowered since then.
We come to yesterday, We find news from a reputable news service, if you can call any off them that today. News that is company changing imo. So who was selling into that news to hold the share price flat, PI's? don't think so. Then again today PI's with the share price being as low as its been for 14 months,no.

So unless AP is lying and there is a placing coming at this price and the shares are being forward sold.He also said ii's were going to buy these shares so why would they be coming on the market.
No, for me it all points to these ii's wanting a bigger slice of the pot buying and selling. that way they also get the placing shares at a much cheaper price.

[footloose2] 14/12/2018 13:18

So still they push the price down.
This is how it works imo.
lets say they have 50m shares at 1p.
They sell 40m through out the day pushing price down to 0.95p
They then buy them back at 0.95p plus some extra.
The next day they start the sell again.
This time to 0.90p then buy again. ect ect,ect.
This has been going on for months now.

[footloose2] 14/12/2018 09:04

I would like to know who polices these thieves, know one by the look of things.
Its legalized thieved is what it is, They are thieving from us and the companies.
Well lets face it the politicians are just self serving leaches.
Is it any wonder the rich are getting richer.
We need to grow some balls in this country, we have grow soft.
Look at the french, not too keen on them but they stand up for themselves when push come to shove they get on the streets and let the Establishment know, they want change. Look at brexit, they have ignored the people and we are taking it. Why, because people are being paid to wave flags and support the EU outside Parliament for years. Who are paying them, the establishment. Then we have the day to day brainwashing on our media. And who own our media, the establishment. who dont want us to leave, yes the establishment. Bend over and take it up your ass, then turn around and thank them.

[johncasey] 14/12/2018 04:27

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

[jammytass] 13/12/2018 19:57

3-Dec-18
16:37:41
0.4134
10,500,000
Buy*
0.40
0.42
43.41k
O




13-Dec-18
16:38:24
0.4134
4,000,000
Buy*
0.40
0.42
16.54k
O



13-Dec-18
16:38:16
0.4134
4,000,000
Buy*
0.40
0.42
16.54k
O



13-Dec-18
16:37:59
0.4134
4,000,000
Buy*
0.40
0.42
16.54k
O