Vast Resources Share Discussion Threads

[edjge2] 15/6/2020 20:43

cc you got it, good timing

[32sam] 15/6/2020 08:09

Yorgi..I am with you in that if it earlier the better.... just drawing a time=line with experience of delays over the years by VAST.

[yorgi] 12/6/2020 16:54

We will have to wait and see Sam but I would have thought sooner even if only small scale to start with obviously. Andrew will be as keen as anyone to be see the first sales from the mine and of course announce it. I will be disappointed if it is not earlier than 4 months but we will have to await that announcement.

[32sam] 12/6/2020 16:43

Yorgi we are half-way through June; July is when production starts and thats towards end of July (I take AP with a pinch of salt). August is when any meaningful production will be sold that depends on ongoing offtake arrangement with Mercuria. Will payment be immediate questionable. Also AP has not confirmed if we are producing 7000t as part of the cold commission. If cold commision was ongoing than we would have heard about it and not paying Atlas with shares....

[yorgi] 12/6/2020 16:31

3-4 months 32sam ! If production is underway next month then it is quite possible I would have thought they could be receiving income in a shorter timescale than that. I don't know but I would have thought in under 3 months possibly a couple of months but that might be being over optimistic.

Unless you have Andrew suggesting that is the time frame expected ?

[32sam] 12/6/2020 16:25

No income from anything until at least 3-4 months, only income producing mine was put on maintenance!! GA

[neilyb675] 12/6/2020 11:50

Mr 12.5 million

[demonboy] 11/6/2020 21:01

The Chiadzwa and BP should commence close enough at the same time. Well that's what Andrew prelea is hoping for in his last video with proactive investors.

[yorgi] 11/6/2020 18:29

It is pointless as no deal had been signed so there is no expected income from any diamonds in the near future. That would be some way off if at all.

Biatai Plai is due to start production in weeks and should therefore in a reasonable time frame be generating income and hopefully if any further issue of shares were needed regarding Atlas that would be a quite insignificant number relative to the overall share capital like the last issue.

Pointless and totally irrelevant. You have just made that up with no logic or foundation grow up.

[sandcrab2] 11/6/2020 17:27

It is not a pointless and irrelevant comment

If you calculate it, without income from the diamonds, dilution will be one third 33%

[dodge_city] 11/6/2020 14:49

It goes up, then it goes down, then it goes up again.

[neilyb675] 11/6/2020 13:50

Mr 10 million

[yorgi] 11/6/2020 12:47

Quite possible there will be some further dilution but you have absolutely nothing to support your claim there will be a lot of dilution. Nobody in their right mind would suggest there is going to be any income from diamonds in the short term so a pointless and irrelevant comment.

[sandcrab2] 11/6/2020 12:42

The problem with no income from the diamonds, is tha there will be a lot of dilution on the Atlas loan, as BP does not reach full production until November

[yorgi] 11/6/2020 10:54

Well of course we all know full well who was behind "helping himself" to a large quantity of the diamonds when they were first discovered and of course he is no longer around to enjoy his stolen wealth.

[yorgi] 11/6/2020 10:41

All very interesting Iainio, thanks for digging that up. I have consistently made my view clear that I have only ever seen the diamond deal if it does materialise as a bonus but a welcome one of course if it does.

[ianio5691] 11/6/2020 10:28

The whole ZIM diamond deal seems to be veiled in corruption and controversy.
Also worth reading before pinning any hopes on a diamond deal...…

[ianio5691] 11/6/2020 10:26

A bit of further research into Newman Chiadzwa makes for interesting reading...

[ianio5691] 11/6/2020 10:19

Andrew Hall was asked via his Twitter account to clarify what the implications of this were and his response was as follows....

Andrew Hall
@ahall822
Jun 8

As stated before #Vast will not make comment on unsubstantiated claims in the media.

[32sam] 11/6/2020 10:15

Well by the media reports I wonder if we have given up the claim on the previous diamonds in the hope of a new deal and now are going to be shafted again, imho...looks need to consider whether to exit though BP is "imminent"..lol

[ianio5691] 11/6/2020 10:14

I think last weeks rise was choked by an unfounded rumour on a twitter blog that ZIM have rejected VAST in favour of some individual named Newman Chiadzwa….



Newman Chiadzwa to dump Vast Resources

“Let us manage it. As we predicted, government wanted Vast to close that court case period, they have no appetite for British investors.”


HARARE – By Business Reporter – Monday 8 June 2020

HARARE (Mining Index) – THE much anticipated joint venture between Katanga and Zimbabwe Consolidated Diamond Company (ZCDC) may never see the light of day as Chiadzwa Mineral Resources (CMR) chairman Newman Chiadzwa reveals how he has been tipped by a top government official to be the only partner in the diamond joint venture with ZCDC.
Katanga is a joint venture formed between United Kingdom based Vast Resources Enterprises (VRE) and the Marange community under the Chiadzwa Community Development Trust (CCDT).
This publication is informed that in recent weeks, Newman Chiadzwa was in the process of preparing a shareholders agreement, among other related documents, for submission to ZCDC, paving way for the diamond partnership.
Information coming to light indicates ZCDC may not be signing any joint venture agreements, but will only be partnering with Newman Chiadzwa.
“With the reports reaching me, I’m no longer giving community the concession; your relatives will kill you. I am giving it to you personally as indicated, as said on day one. If you want to involve community of relatives it’s all up to you,” revealed Newman Chiadzwa in a conversation seen by this publication.
Currently, Newman Chiadzwa’s house is the only domestic homestead remaining in the Chiadzwa Diamond Fields after thousands of people were forcibly removed and relocated to ARDA Transau when the diamond mining operations were formalised in 2006.
Newman Chiadzwa could not hide how he would also want to use part of the diamond partnership for self-enrichment.
“Although I also fight for personal benefit in this project it never crossed my mind to benefit alone under the watch of my community,” he said.
He also revealed his willingness to relinquish his chairmanship post in both CMR and CCDT.
“I think Vast will not want this information known because they have more to lose. Anyway all this information has already filtered to the top hence advice to abandon CCDT and CMR. I may give someone chairmanship of CCDT and source funding for it,” said Chiadzwa.
While government has in recent years been dishing out mega mining contracts to foreigner investors especially the Chinese and Russians, there has been little space for western investors.
Parties involved in the ZCDC/Katanga diamond partnership question why Russia’s Alrosa and the ZCDC partnership did not take time to be signed, while the Katanga partnership involving British investors keep dragging. Newman Chiadzwa seems to have the answer when he said, “Let us manage it. As we predicted, government wanted Vast to close that court case period, they have no appetite for British investors.”
In 2018, Vast withdrew pending court case between government and African Consolidated Resources (ACR), now Vast in order to access and mine diamonds in Marange.
Approximately 26400grams of diamonds were declared by Vast for valuation by MMCZ that were subsequently confiscated and to this day, is believed to still be sitting at the Reserve Bank of Zimbabwe (RBZ). ENDS// www.miningindex.co.zw

[yorgi] 11/6/2020 09:58

I will have a look Demonboy I was not sure.

[yorgi] 11/6/2020 09:53

What was interesting Ianio was how the volume went through the roof at the end of last week. Whether an unfounded leak/rumour or whatever something certainly picked up interest but whatever it was nothing has materialised yet anyway.

[demonboy] 11/6/2020 09:51

If you look on Vast website, on BP progress update, most parts are delayed by has no impact on opening the mine.