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[jayfella72] 18/1/2020 14:47

ALROSA has never, under no circumstances considered, and does not consider the possibility of entering the Marange region.http://eng.alrosa.ru/alrosa-signs-joint-venture-agreement-in-zimbabwe/

[jayrh] 18/1/2020 13:07

Typical tw tramp you are

[ciminna] 18/1/2020 10:54

I'm no expert but from what I've seen there were always going to be a few different companies involved with different licences being offered. Just because one has been confirmed that doesnt mean that's it!

[loglorry1] 18/1/2020 10:25

What can VAST offer that Alrosa can't? Alrosa have all that is required in terms of capital, knowhow, IP, and are obviously embedded in country to a certain extent. If there's a good commercial opportunity here (which is debatable) they'll be in pole position to exploit it.


Obviously the company will only as a very last resort admit that the deal is going nowhere. They always just say it's delayed. Very iffy indeed.

[carla1] 18/1/2020 08:19

You really need to do research. Alrosa have always had a diamond licence and are one of the 4 companies approved to mine diamonds in Zimbabwe

[sleveen] 18/1/2020 08:08

sleveen8 Aug '19 - 07:30 - 101 of 102 Edit
0 0 0
That's the point the past 2-3 years of projects has become too complicated and none are performing to expectations.

Avoid the money pit IMHO.

------------------------

sleveen18 Jan '20 - 08:04 - 102 of 102

How true my comment above has turned out to be.

Diabolic interims, $2m in current liabilities, losing $3.5m/6 months in operating expenses.

That's $5.5m needed just to keep the lights on for the current 6 months.


Avoid.

[sleveen] 18/1/2020 08:06

sleveen8 Aug '19 - 07:30 - 101 of 102 Edit
0 0 0
That's the point the past 2-3 years of projects has become too complicated and none are performing to expectations.

Avoid the money pit IMHO.

------------

How true my comment above has turned out to be.

Diabolic interims, $2m in current liabilities, losing $3.5m/6 months in operating expenses.

That's $5.5m needed just to keep the lights on for the current 6 months.


Avoid.

[sleveen] 18/1/2020 08:04

How true my comment above has turned out to be.

Diabolic interims, $2m in current liabilities, losing $3.5m/6 months in operating expenses.

That's $5.5m needed just to keep the lights on for the current 6 months.


Avoid.

[pauliewonder] 17/1/2020 23:06

Poor deramp. Interims today say the company is still confident just as before except for timescale has moved. That article is over two weeks old. All news prices in....and guess what? We're 40% higher :) have a good weekend all, next week could well be us

[rookie666] 17/1/2020 22:25

Thanks. Have read this article. Doesn't contradict anything IMO. My interpretation of the news feed isn't that VAST have lost out at all. What it actually highlights is that there's shed loads of projects in Zimbabwe. These companies need many JV partners to undertake all of this work and this is where VAST can assist!

[loglorry1] 17/1/2020 20:16

From same site looks like deal.signed with someone else


Maybe why funding not turned up has Zim gov done deal with alrosa instead? Seems that way.

[carla1] 17/1/2020 19:41

Read this.... it's coming homeAll aboard to multibag https://www.zcdco.com/illegal-diamond-mining-activities-set-drop/

[carla1] 17/1/2020 19:40

https://www.zcdco.com/illegal-diamond-mining-activities-set-drop/

[loglorry1] 17/1/2020 17:32

You could be right no24rton but still bad form to quote a UK company in an RNS that had been struck off! I think BMN did a similar JV with these two but in that case Arena was mentioned directly.

It's also taking a rather long time to receive the funds. I hope this isn't some sort of scam like at Lekoil!

[no24rton] 17/1/2020 16:48

ACM is based in London and has a joint venture company Atlas special opportunities LLC with U.S investment firm Arena Investors LP, an investment fund based in New York.

Arena is managed by a team of experienced professionals that has originated structured and managed over $10bn in special situation financing and asset-orientated investments globally.

[rookie666] 17/1/2020 16:33

Quite a day. Epic tug of war at play....

[jayrh] 17/1/2020 15:22

And you have zero intelligence