Vast Resources Share Discussion Threads

[block4gooner] 09/7/2019 12:26

How does the share price not rise with this volume of buys?

[ianio5691] 04/7/2019 15:48

Just awaiting confirmation of finance...
Once confirmed the potential upside for Zim diamonds and BPPM in Rom is huge!

Come on AP get a decent deal done

[rookie666] 04/7/2019 15:17

Some pretty bug revenue numbers quoted there....

Is this realistic?

[laptop15] 04/7/2019 10:40

04 JUL, 2019 - 00:07Ishemunyoro Chingwere Business ReporterAIM-listed mining and resource development concern, Vast Resources, is expecting a turnover of US$53 million per annum in its envisaged diamond mining investment in the country, the firm told an investment conference in London.The British headquartered concern is among global mining players that have responded to Zimbabwe's investment lure in the new dispensation and is finalising joint venture agreement with the Zimbabwe Consolidated Diamond Company (ZCDC).The joint venture will culminate in the two partnering in exploiting the Chiadzwa diamond fields.Presenting a paper at this year's Arab and African Mining Conference in London last week, Vast Resources chief executive officer Andrew Prelea said the company was looking to invest heavily in Zimbabwe.Vast Resources, Mr Prelea said, was looking forward to a turnover of US$53 million per annum after an initial six months of operation that will see the firm sinking in US$29 million per year in expenditure.That expenditure will, however, be preceded by an initial capital expenditure of US$5 million.He also noted that geological assessment of the diamond rich concession had quoted grades for the area as anything between 100 and 200 carats per 100 tonnes of mined ore with a conservative price averaging US$80 per carat. Crucially, he also notes the availability of the easy to mine alluvial deposits, which had of late been feared to be fast depleting having been the subject of exploitation since the first diamond rush in Chiadzwa."Projections indicate revenue after six months of US$13,25 million per quarter on expenditure of US$7,25 million per quarter after initial operating requirement including capex (capital expenditure) of US$5 million," Mr Prelea told delegates to the Arab and African Mining Conference."Unmined concession which by virtue of its geographical positioning is anticipated to contain economically viable diamondiferous alluvials as well as conglomerate ore resources on which Vast expects to receive a licence to start mining."The Vast Diamond Division have prepared a business case on the Heritage Concession and drawn up a list of projections based on their knowledge and experience along with an Independent geological assessment obtained September 2018 giving indicative grades. Independent geological assessment quoted grades for the area as typically 100 – (to) 200 carats per 100 tonnes and average prices of US$80 per carat," he said.Diamond revenue is key to Government's targets as it is expected to play an important role towards the attainment of annual export earnings totalling US$12 billion up from US$3,2 billion the sector achieved last year. State miner, ZCDC, has already drawn up a development plan which will run up to 2025 where upon it envisages to haul at least 10 million carats annually.

[laptop15] 03/7/2019 11:01

https://twitter.com/vast_resources/status/1146356933009530880?s=19

[laptop15] 03/7/2019 08:13

https://twitter.com/laptop1515/status/1146313242085642240Yes tightening bollinger bands a good sign

[profit7] 02/7/2019 21:37

Chart looking good for a breakout

[nickg2] 02/7/2019 13:36

July 2019 Corporate Presentation

Copy and paste into your browser:-

www.vastplc.com/wp-content/uploads/2019/07/vast-corporate-presentation-july-2019.pdf

[johncasey] 29/6/2019 22:47

its coming mate just like QXL did...patience laddie

[rookie666] 29/6/2019 22:05

Yep I agree with you there, a lot of the mining and oil stocks seem artificially low at the moment ....don't get me wrong, there's some bad stocks out there but this seems to be across the board (despite certain companies hitting their targets and progressing their projects successfully). Is money going elsewhere? Cryptos starting to heat up again, could this be where some of the money is flowing to?

[johncasey] 28/6/2019 23:22

strange how all those big buys today and price hardly moved...markets seem very odd at the moment like MMs are deliberately keeping stocks down for some reason...2019 the year of the unicorns? one big massive blitz to come?

[johncasey] 28/6/2019 23:03

2019..the year of the unicorns?

[fairlight] 28/6/2019 20:28

Vast looks good to me at this share price - if the diamonds work out it will 10 bag then 20 bag then.....

Could be a JV with ZCDC on many concessions if it works out.
hxxp://yafm.co.zw/2019/06/20/zimbabwe-consolidated-diamond-company-targeting-best-diamond-producer-status/

Seems we are to be in a JV with ZCDC and they are going to be the gatekeeper in Marange

[plat hunter] 28/6/2019 18:29

JC... John Casey prolific ramper of desperate stocks.I have my own embarrassing purchase in the form of KDNC, he's also over there too

[demonboy] 28/6/2019 09:22

What's that early 9 billion pound or dollars of debt now?

[rookie666] 26/6/2019 20:49

Plat, what you doing over here in loser ville? Lol (hope all's well) !!! JC without bashing thee too much, Im not seeing the wedge you're on about, did you post to wrong BB? Unless some news breaks soon, the chart I have on Vast doesn't form the wedge until August time frame at earliest... Pretty quite on news front, when we gonna get our money back?

[nickg2] 26/6/2019 14:39

Wakey Wakey

[plat hunter] 26/6/2019 10:46

How did your fat wedge workout this morning JCLoL

[johncasey] 25/6/2019 20:45

last chance to top up 8am tomoro..got a nice fat wedge ready

[laptop15] 23/6/2019 19:26

https://twitter.com/laptop1515/status/1142854104785596416