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VAST Vast Resources Plc

0.335
0.00 (0.00%)
Last Updated: 08:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Vast Resources Plc LSE:VAST London Ordinary Share GB00BQ7WTT20 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.335 1,827,113 08:00:00
Bid Price Offer Price High Price Low Price Open Price
0.32 0.35 0.335 0.335 0.335
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Nonmtl Minrl Svcs, Ex Fuels USD 3.72M USD -10.51M USD -0.0024 -1.38 14.34M
Last Trade Time Trade Type Trade Size Trade Price Currency
10:04:38 O 161,498 0.334 GBX

Vast Resources (VAST) Latest News

Vast Resources (VAST) Discussions and Chat

Vast Resources Forums and Chat

Date Time Title Posts
19/3/202408:39the other thread is for trolls23,456
13/3/202419:02WILL VAST RESOURCES BE THE BIGGEST MULTI BAGGER TOMORO OF ALL TIME?19,483
08/3/202418:10VAST action group32
29/2/202409:36Vast Resources - Expanding Horizons into Europe. 25,765
14/2/202406:50VAST - MEGA BOOM TIME FOR THE KNOWING51

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Vast Resources (VAST) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
10:04:390.33161,498539.40O
10:00:080.35250,000865.00O
09:57:060.341,001,7473,446.01O
09:33:180.333,08510.28O
09:32:180.331,5985.33O

Vast Resources (VAST) Top Chat Posts

Top Posts
Posted at 19/3/2024 08:20 by Vast Resources Daily Update
Vast Resources Plc is listed in the Nonmtl Minrl Svcs, Ex Fuels sector of the London Stock Exchange with ticker VAST. The last closing price for Vast Resources was 0.34p.
Vast Resources currently has 4,346,644,142 shares in issue. The market capitalisation of Vast Resources is £14,343,926.
Vast Resources has a price to earnings ratio (PE ratio) of -1.38.
This morning VAST shares opened at 0.34p
Posted at 14/3/2024 13:59 by skif
Copper price up Vast share price down.
Posted at 12/3/2024 10:01 by harps01
Its not looking too good here seeing the traded amounts over past few days. Even with 6:1 consolidation amount of traded shares is extremely low. It would be difficult to get away a market share placement without a large discount. Think Vast best route is to complete the platinum concentrate sale. 'the owner of the Swiss investment Company owning the high grade PGM concentrate has indicated a firm interest in providing major restructuring finance to the Company, partly through debt and partly through equity to be issued at a higher price than the current share price.'

Just a few concerns with no confirmation of sale to date as was looking at end of February. Nothing new as always a delay with Vast, question is can they control this to weeks or is it the normal months/year? Think the Swiss investment company holds most of the cards considering current share price well below 0.6 which was originally expected
as well as the low interest in Vast in the market place.

Think nothing going to really happen now until actual news. Production figures irrelevant unless they miraculously show the have can generate a profit. They havnt even hit name plate production so in scheme of things not doing anything for share price

Well I'll keep an eye on this to see if there is an opportunity to make money from a trade following news. All the best.
Posted at 08/3/2024 12:28 by gold finger 1
8 days have passed now since the date the loan was set to be called in again.

here is what we were told on the 15th Jan.

As announced on the 6 November 2023, the totality of the debt owed to Mercuria and Alpha was due to be repaid on or before 30 November 2023. On 4 December 2023 the Company announced it was in discussions with the Creditors for a repayment extension beyond 30 November 2023. The Company has now concluded legal documentation for an extension to 31 January 2024 with a further period of one month to 29 February 2024 to effect repayment prior to the creditors having an ability to commence any enforcement of security so as to allow the Company to finalise ongoing repayment initiatives as previously announced.

Something must be very close to happening regarding the repayment of these loans.
After each extension has passed, We have heard that the company is in discussions to extend the time line. this has happened on every occasion between 2 and 6 days.
Yet here we are 8 days latter, and no news. So if they were going to call in their debt on the 29 Feb, why haven't they. So vast imo would not get such a large placing away in one go to pay off this debt. So that leaves us with, the diamonds are about to be released. Or the Swiss investment company, that have indicated a firm interest in providing major restructuring finance to the Company, partly through debt and partly through equity to be issued at a higher price than the current share price. Or it could be just waiting to confirm that another extension is going to given. Or it just a case that the debtors are waiting to see what is about to happen, before they call the debt in.

If vast were trying to get a large placing away to pay the debtors of. the market would know and the share price would not be above the consolidation price today.

So you have, debt called in. Or Diamonds being released, Swiss investment company providing major restructuring finance, another extension. Or which i doubt, is a large placing to pay of the debt. So that is a 4 to 1, or in my opinion a 3 to 1 positive result. News has a very good chance of coming Monday.
Posted at 08/3/2024 06:52 by gold finger 1
I am happy to continue to add to this company. I have also been content to watch the market to continually drop the price. WHY. Well over the last two years all small cap companies have seen there market cap destroyed.The two years before that we had covid, and the effects that had on the world.You can ignore these facts if you want.Then in vast case they were in the process of getting a mine back up and running. A very time consuming thing to do. Along with a very expensive thing to do. Another fact. In a time when finance dried up. So they had to do placing, after placing, to get the money.Also what some will not tell you is for the last 2 years they have been drilling to add all the historical resources to become JORC compliant. Along with exploration drilling.This drilling campaign was done while they were ramping up the mine. Which had a very big impact on the ramping up of the production. While at the same time vast has been adding some very large projects along the way. These will add revenue and profit over time.This company has a lot going for it. But it still has risk, like all AIM companies. If you don't like risk, don't invest. There could be another placing, we have been told that. But why would they have announced this. Its clear what effect that news would have on the share price At the same time they announced the possibility of more dilution, they said thar it was a good possibility that the Swiss would be interested in financing the company by taking shares and paying cash. So if they take so many shares, those shares could very well be the placing shares we are expecting.I noticed yesterday that for most of the day sells were bought earlier to push the price down. Then the last two hours buys came in and out stripped the sells. So very clever really. Push the price down, then buy back towards the end of the day at a lower price.A win win for who ever is behind it. They win by buying the shares back at a cheaper price. While they then hold for the next day for the news that they are expecting. If it doesn't arrive in the morning. It's just a case of rinse and repeat. But they would need the help of the mms to do this. Which is clear, is happening.
Posted at 04/3/2024 12:25 by gold finger 1
If there was the slightest chance that the debt was going to be called in. it would have happened late thursday or friday at the latest. There is not a chance in hell that Mercuria will be calling its debt in. The only chance is if Vast want to pay off that debt, to get better terms, IMO. We just await now confirmation that the first sale of platinum has gone through to the Swiss investors. And to see if they do supply Vast with a firm interest in providing major restructuring finance to the Company, partly through debt and partly through equity to be issued at a higher price than the current share price.


· Subject to the completion of the first sale under the Platinum Group Metals Agreement the owner of the Swiss investment Company owning the high grade PGM concentrate has indicated a firm interest in providing major restructuring finance to the Company, partly through debt and partly through equity to be issued at a higher price than the current share price.

Good progress is being made on independent assays of the platinum concentrate for the benefit of the buyer pursuant to the Platinum Group Metals Agreement announced on 22 January 2024 with a Swiss investment company, which if the results are confirmed as expected, could result in a first sale by the end of the month thus immediately generating revenue from the arrangement.

So it does sound like talks have been on going. So with a $100+m agreement for a year. That would be worth at 2.5% $2.5m. So at even a 20% interest rate for the year, that would be at a cost of around $1.7m for the whole $8.5m debt. So the money alone from this one deal would more than cover the repayments of 12 months interest. But as we know. until we have anything confirmed, we cant rely on it.
Posted at 02/3/2024 12:22 by jungmana
See the rns from the last consolidation in 2021;LETTER FROM THE CHAIRMAN OF THE COMPANY Notice of General Meeting at 11.00 a.m. on 5 May 2021 1. Introduction The purpose of the General Meeting is to consider and, if thought fit, approve the Resolution relating to the Capital Reorganisation as described below2. Reasons for the proposed Capital Reorganisation At the date of this document the Company has in issue 21,300,489,402 ordinary shares of GBP0.001 (0.1p) each ("Existing Ordinary Shares") which are publicly traded on AIM. The proposal is to reduce the number of Existing Ordinary Shares by a factor of 100. This will be done by converting the 21,300,489,402 Existing Ordinary Shares into 213,004,895 New Ordinary Shares and 2,343,053,845 New Deferred Shares. The New Deferred Shares would rank pari passu with the Company's existing Deferred Shares and would have no economic value so that each New Ordinary Share in principle has exactly 100 times the value of each Existing Ordinary Share. The Capital Reorganisation comprises two distinct parts, firstly a consolidation of the Existing Ordinary Shares on a 1 for 100 basis, and then a subdivision of each resulting ordinary share of 10p into one New Ordinary Share and eleven New Deferred Shares. The main reason for the consolidation is that the number of Ordinary Shares currently in issue is now considerably higher than that of other companies of a similar size on AIM. Combined with the current low share price, the Company has been advised that the share structure is inappropriate for an AIM company and needs to be rectified. The Board also anticipates that the higher price per New Ordinary Share should, in due course, improve the marketability of the Company's shares to institutional investors.
Posted at 01/3/2024 22:51 by harps01
Another pitiful week for Vast and another low in the share price taking into account the consolidation. A further 10% plus down on the first day. Most consolidations are done to turn the page and get new investors on board. Slightly different here as it's to undertake a placement to keep the lights on. All the talk about it beibg something else is fanciful.

As per previous placements the company is keen to put out positive points but as always not backed up by any figures or contracts. The market makers have no choice but to reduce the share price to clear the placements.

Those talking about large investors buying in, IIs etc have all shown to be false as can be seen though large holdings declarations, where are they?

Management and BoD don't have faith in the company as shown by their collective share position, approximately 0.037%. Probably see this increase as Directors take part in the placement via bonus payments they will be owed. Company doesnt have the money to pay the bonus and it looks good commercially.

Let's see where the share price is this time next week. A premium to the expected 0.6 by BoD or down further from current share price 0.32. I wonder if they got the sale of platinum concentrate in before the end of February. I don't believe they have based upon previous track history but let's see what they have to say.

Can the BoD do enough to get new investors in as they have burnt their bridges with a lot of investors as shown with the outpouring of negativity across boards.
Posted at 01/3/2024 16:00 by gold finger 1
I expect we will now have to wait till Monday before we hear that the debt has been extended, or Alpha has been paid off and replaced by the swiss investment company.

The Directors would like to stress that the authority is required in order to give comfort to the Creditors. With the near term prospect of receipt of the historic parcel and the benefit of current discussions with the owner of the Swiss investment company, and also with the expected rise of the Company's share price in the light of these developments, it is not expected that a material proportion of the requested authorities will be required in practice, or if required not at prices similar to the current share price.

So the trolls will i no doubt will ignore all the plus points and concentrate all their efforts on there will be a placing. This is to be expected from them, and nothing new.

I do expect a placing to go along with the swiss buying shares and giving a finance package. But finally getting this debt finally sorted. Along with all the positives that will come from getting a new finance deal. the share price to rise anyway.
I do expect to hear that Mercuria will take a new, finance for concentrate sales.
A off take finance agreement. we already have one with them at the moment. $50,000
on every delivery of concentrate from the sale.
Posted at 01/3/2024 12:38 by gold finger 1
So if you think £3m market cap for all that vast has and is doing is a lot don't buy.
If you think having £7m debt is a lot, for what they have. don't buy.
So if you cant take a loss, don't buy.
I plan to add again next week. But that's just my opinion, of the situation.
Looks like the debt payment is being extended again. Or it could be being paid off.
just imagine what that news would do to the share price alone.

What i think people are not taking account of also, is the cost of the drilling campaign. This has been progressing for over a year. The fact that people have ignored this expensive cost, and tried to make out that all the dilution has been used to keep the lights on at BP, has been very misleading.

But again once this drilling campaign is over, not only does that expense end. But it will add many years to the length of mine. which again will add to finance becoming not only more accessible, but a lot cheaper also.

So what is holding the share price down at this time. Could be what makes the share price explode up at some point. But if you dont like the risk, dont buy.
Posted at 28/2/2024 14:02 by harps01
Was that in the same RNS where they stated,'also with the expected rise of the Company's share price in the light of these developments.....If the share price has risen materially above the current share par value of 0.1p by the time of the General Meeting the Resolution reorganising the share capital of the Company (Resolution 3) may be withdrawn'

Well it's gone really well. One day before GM and looking at approximately 30% reduction in share price Shows what the market thinks of BoD and progress made.
Vast Resources share price data is direct from the London Stock Exchange

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