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BREAKING: Former director Pitchford, Vast Resources will not get a cent out of Zimbabwe for its diamonds

By Tom Winnifrith, the Sheriff of AIM | Tuesday 15 October 2024


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Roy Pitchford was a director of Vast Resources (VAST) for three years up until 2017 and is a Zimbabwean so knows all about the diamonds supposedly sitting in the Central Bank which Vast has been about to retrieve and monetise imminently for 18 months. Now in an email which I has landed with Winnileaks Pitchford explains why Vast will not be able to monetise them in a meaningful way so cannot repay its overdue death spiral debts.
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