CEO Statement Glad to have a CEO statement from Andrew Prelea but it is a bit short on specifics and there are plenty of PR phrases. Having heard him speak publically, my initial impression is that he is not a natural CEO.
Re: Placing and open offer. So much for the scale back .All the returned funds put back in today @ 0.5065. ( X )Aggro again with limits on ( D ) and staff not about , only broken English !!
Re: Share price on the Rise! And Chinamasa's budget speech announced the abandonment of indigenisation except for platinum and diamonds. All other minerals are open to investors of any nationality or ethnicity.This is very good news. It removes an albatross from Zimbabwe's neck.
Re: Placing and open offer. Looks like scale back on excess applicants will get 33.369%.Shares back around the 0.57p mark today, well up on last week, when it was just above offer price.Could come back to the 0.525 offer price .
Re: Placing and open offer. Good job i went for excess up 12% today.Not so sure ill get many know ..lol
Re: Placing and open offer. Could of bought live @ 0.5315 just now not much cheaper in OOless then 1.5% so i ques ill get excess in full.( "No loss"... if not lol )
Re: Placing and open offer. I applied D, J ,W.Did no bother S .. excess last two, not much of a discount.... 0.53 to 0.55.Be interesting to see how SVS controls the placing shares price.
Re: Placing and open offer. There clever buys on market around offer price early today .
Re: Placing and open offer. SVS had the placing exclusively it appears.They operate the discredited buy in principle way of fund raising taking them , and pumping out to the "mugs" just below market price . on Tuesday 21st and Wed 22nd. ( 57.9p / 58.9p )Explains why share price held up after placing but has fell by month end.If the entitlement date for shares @ 52.5p was 22nd SVS would have the rights.... lovely juberly .. lolLater on Friday 1st Dec buys @ 0.54p ... 3% above offer .If it falls further before Wed 6th might not bother with it.
Re: Placing and open offer. The open offer not looking such a bargain today down another 5%..... 0.52 to 0.55 .The OO being 0.525.
Re: Placing and open offer. Still not sure when the rights to OO shares cut off date was.Fundraising was done differently from usual which might be why share price held up.Not sure if it was also exclusive to the one broker ?( W ) Deadline midnight 6th Dec.
Re: Share price on the Rise! Mnangagwa's inauguration speech was very encouraging. Yes, he has a sordid and violent record. But he has alwsys been a pragmatist, and he's smart enough to know that business friendly policies are needed to help dig the Zim economy out of its deep, deep hole.
Placing and open offer. I missed Monday 20th RNS about this fund raise.Surprised the posters this week never mentioned it .Will be offered 1 for 20 @ 0.52p dropped back to 0.61 today not sure why this did not happen Monday.Today's RNS gives details of OO .Guess some are selling to raise funds to take part.
Re: Share price on the Rise! I hope the potential here is indeed Vas
Re: Share price on the Rise! No ookyfly, Vast has not sold all its Zimbabwean assets and it is just possible that the change in leadership in Zimbabwe could enable Vast to expand or monetise some of its Zimbabwean assets if the new leadership acts to encourage more foreign investment to come into the country. Vast still has quite a few Zimbabweans in senior management and must surely be in a good position to exploit new mining opportunities if they arise as more local or foreign money becomes available for investment in the industry. However, despite the fact that I have close contact with Zimbabwe, I really don't know what will happen there but I am willing to take a gamble that things will improve. Potentially, Zimbabwe should be more prosperous than South Africa, looking at its resources and workforce. At the moment it appears that Vast's Romanian interests are in the limelight but like alot of junior miners it doesn't really have enough cash (even with the current fundraising) to develop its mines in a timely fashion and things always take so much longer than management expects. No doubt this will continue to be the case, but I am willing to give the company a few years as a number of things seem to be coming together nicely at the moment.