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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Vast Resources Plc | VAST | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.0075 | 7.69% | 0.105 | 11:11:30 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.0975 | 0.0975 | 0.105 | 0.105 | 0.0975 |
| Industry Sector |
|---|
| MINING |
| Top Posts |
|---|
Posted at 23/7/2024 15:40 by purchaseatthetop “The Company remains confident that it will be able to repay Alpha in full by 26 September 2024 out of the expected restructuring finance as referred to in the Company’s announcement of 29 April 2024 when this can be implemented.”29/4/24 RNS At the same time the Company is also pleased to announce that discussions with the owner of the Swiss investment company (also the owner of the PGM metals subject to the Platinum Group Metals agreement and referred to above and in the Company’s Circular of 14 February 2024) for the provision of major restructuring finance for the Company, including payment of the amounts due to Alpha as set out above, have now reached an advanced stage; subject to the provider finalising their own financing arrangements, and in relation to this the Company can announce that these discussions are no longer conditional on completion of the first sale under the Platinum Group Metals agreement as stated in the Company’s Circular announced on 14 February 2024. Should the Company not be able to conclude this refinancing it will need to source alternative funding to be able to meet its obligations to Alpha including the payment due on the 7 May 2024 or otherwise agree revised payment terms. 22/1/24 RNS 22 January 2024 Vast Resources plc(‘Vast̵ Platinum Group Metals (PGM) Agreement Vast Resources plc, the AIM-listed mining company, is pleased to announce that it has executed a three-year marketing agreement with a Swiss investment company for the exclusive distribution of high grade PGM concentrates produced within the EU. Vast will receive a 2.5% commission based on the sales value of the concentrates distributed under this agreement. This agreement complements the Company’s existing metal trading activities and is expected to provide a significant additional revenue stream for Vast alongside its operations at the Baita Plai Mine in Romania, and its recently expanded interests in Tajikistan. So, this three year marketing agreement has been going for six months and no RNS of any actual sales. Really unexpected* *not really. |
Posted at 19/7/2024 12:24 by gold finger 1 Not sure why we have not had any info regarding the zinc, Same goes for the moly, and other credits that are coming out of BP. Regarding the moly, we were told this in a RNS.1 August 2022Vast Resources plc(‘Vast̵ Baita Plai Operational Update Vast Resources plc, the AIM-listed production and development company, is pleased to announce that it will commence molybdenum concentrate production in August 2022 at its Baita Plai Polymetallic Mine (“Baita Plai”) in Romania. Further to the announcements made on 31 January 2022 and 3 May 2022 regarding the installation and commissioning of a molybdenum (‘Mo’) flotation line at Baita Plai, the Company is pleased to confirm that the 0.6m3 cells are installed in the flotation circuit and production of a molybdenum concentrate will commence in August 2022. The Company will report on quarterly molybdenum production as part of its quarterly production reporting. Maybe they have not hit the moly they thought they would have, But the money has been spent now to be ready when needed. The same goes for the second milling circuit. The second milling circuit further optimises the operations at Baita Plai and doubles milling capacity at the plant. With two milling circuits fully functioning the two mills combined are capable of processing 14,000 tonnes per month. This may not be needed at this moment, but it been paid for and is in place for when it is needed. Just another two cases where money was needed and spent. Add these costs to the drilling campagna, and you can see why the dilution money was needed. Most to add value to vast. Which the market chose to ignore on each occasion. |
Posted at 18/7/2024 23:31 by kingston78 The following news article was published on 6th July 2023 in ZIMNOW:-(Kingston78'AIM-traded mining company Vast Resources said it has engaged the deputy sheriff to retrieve the historic parcel of 129 400 ct of rough from the Reserve Bank of Zimbabwe under a writ of execution issued by the High Court of Zimbabwe on June 14. The company said the deputy sheriff received new instructions to retrieve the parcel, on June 29 and the company’s legal team accompanied the deputy sheriff to the RBZ premises. However the company cautioned that there is no set date as to when it expects to take possession of the diamonds. “The company notes that until the process has been finalised and implemented there is no certainty as to the precise timing for the recovery of the parcel, and will update the market as soon as there is a material development in this respect,” the board said in its statement,” the company said in a statement. Vast said that the RBZ had sought clarity from the deputy sheriff on the status of the original Supreme Court interlocutory order that placed the parcel in its custody until the resolution of pending appeals. Vast said its legal representatives provided clarification to the RBZ, asserting that the interlocutory order was no longer in effect as the appeal to which it was subject had been abandoned by the original appellants, rendering it invalid before the Supreme Court. Vast said during the visit to the RBZ, in consultation with the bank’s internal legal counsel, the deputy sheriff and Vast Resources reached an agreement. The firm said the RBZ committed to providing written confirmation of the process that would govern the orderly and secure handover of the parcel to the company, which would encompass the procedures for valuation for royalty purposes, obtaining export permits, and adhering to the Kimberly Process Certification requirements. Following that development, Vast Resources and the RBZ would then proceed to establish the necessary logistics for the removal of the parcel, which was previously attached by the deputy sheriff under the writ of execution. Vast Resources said it remained committed to a transparent and lawful resolution to the handover process. The parcel of diamonds has been in custody of the Reserve Bank since 2010 when Vast surrendered the gems as evidence that it had exploited diamonds on claims previously owned by DeBeers. Vast left Chiadzwa diamond fields in 2006, claiming it had failed to find viable reserves, following a decade of exploration. A dispute with the Government of Zimbabwe over release of the parcel ensued. Vast started with the legal proceedings for its release o in December 2022. Vast CEO Andrew Prelea, who flew into the country in May to push on the release of the parcel, in February said the process has taken longer than anticipated. He added that the amicable settlement allows Vast to focus its attention back on other opportunities in Zimbabwe which include a community diamond concession in the Marange diamond fields and Eureka Gold Mine in Mashonaland Central. |
Posted at 18/7/2024 17:40 by harps01 Not really relevant as same old story. 35% down for the week and 44% down for the month. Don't think they can get away with another placement without being creative such as receive one share free for every share at this price.Don't think I have ever seen a share worse than Vast in past 25 years of investing. Seen companies go into administration etc but even their dodgy BoD pale in comparison to Vasts. I think people used to compare Vast to rambler upto news of financial issues at Rambler to service debts. Well the equivalent price today would be 4000% increase to be breakeven again on Vast. Think those who were invested in Rambler are probably better off considering how many people have subsequently invested more here to average down. Evwn if nothing more invested your likely to be 75% down even with 1000% increase in share price Worth looking back and learning from past mistakes. |
Posted at 17/7/2024 12:36 by gold finger 1 So what is it that you should look for in a company when investing. Would it be, does it have a have a asset and a revenue. Is it growing. Do the asset they have produce what is needed. Or is it, they have a asset, but it has no revenue. The asset needs a lot of money spent on it, to get it to point to even think about making a revenue. Does the asset produce what the market requires. Then how many years to get it to production. But at this moment they have a few million in the bank.You see its not a question how much does it make a profit. If it has a revenue, profit will follow. Its not about how much does it make profit or revenue now. Its all about future earnings, down the line. Vast are one of the very few AIM companies to get to making a revenue. They are growing Quarter on Quarter. They have a very small amount of debt, to what they have achieved over the past years. Mostly down to dilutions. But without them vast would have been gone many years ago, to the joy of some. Its easy to look back and see finance has been a problem for vast to get, So the only way to get the job done, has been through dilutions. They have been there for all to see. yet people have still invested. But as of today vast are in the best position they have ever been in. But also the most risky as they wait on finance. But once this finance is sorted and out the way, then the management can put all their effort into growing the company even faster. |
Posted at 15/7/2024 13:43 by bionicdog PREMIUM CONTENTVast Resources placing at 0.1p par, now 99% down on April 2021 100 for 1 consolidation Back in April 2021 Vast Resources (VAST) announced a100 for 1 share consolidation telling its gullible shareholders that this was to facilitate dividend payments. The reality is that shares had slipped to 0.1 par making a, naturally discounted, placement impossible. Today another placement and it is at just 0.1p,we are back at par. |
Posted at 14/7/2024 10:18 by gold finger 1 Just a reminder of other assets vast have in Romania.Initial estimates related to the porphyry style mineralisation at Magura Neagra have indicated an exploration target (non JORC compliant) of up to 3,000Mt of ore to a depth of 600m, at grades up to 0.8% Cu & 0.5g/t Au” Piciorul Zimbrului & Magura Neagra are known collectively as Zagra. MAGURA NEAGRA The 21km2 Magura Neagra prospecting Permit is located in the Zagra-Telciu area in Bistrita-Nasaud County of Romania and lies adjacent to Vast’s Piciorul Zimbrului licence. Historical prospecting activities undertaken by the state exploration company IPEG Cluj during the period 1986-1993, identified five polymetallic veins ranging in widths from 0.30m-5.00m, together with an 800-metre-long zone of disseminated sulphide mineralisation which was intersected in an underground drive accessed by means of a surface adit (Gallery 47). The underground drives are developed from elevations ranging between 972m amsl-1,340m amsl representing a vertical extent or exposure of 368m. A spatial analysis of the vein system, areas of intense silicification and occurrences of disseminated mineralisation may indicate the possible presence of a porphyry copper type mineralising system together with mineralised veins containing gold, silver, molybdenum, lead and zinc. Porphyry style copper mineralisation appears to be associated with the vein systems, and with areas of intensely silicified sandstones with disseminated sulphide impregnations. Initial estimates, by the Romanian state exploration company IPEG Cluj, related to the porphyry style mineralisation, have indicated an exploration target (non-JORC compliant) of up to 3,000Mt of ore to a depth of 600m, at grades ranging from 0.4% copper (“Cu”) and 0.3g/t gold (“Au”) up to 0.8% Cu and 0.5g/t Au. PICIORUL ZIMBRULUI The 10km2 Piciorul Zimbrului prospecting permit is located in the Zagra-Telciu area in Bistrita-Nasaud County of Romania and lies adjacent to Vast’s Magura Neagra licence. Following initial prospecting work, Vast completed a drilling programme focussing on six previously identified veins with associated copper and gold mineralisation along an underground drive developed for 820m at an elevation of 835m above main sea level. Previous exploration activities, conducted by IPEG Cluj, the former state exploration company, included 1,200m of underground development and underground diamond drilling, along with 862m surface diamond drilling and geological mapping over an area of 4.0km2. Several trenches and pits totalling 238m and 3,484m3 were excavated on surface. In addition to the six veins on which drilling has taken place, a further two veins with associated polymetallic mineralisation were investigated with an additional two veins exhibiting gold, silver, and antimony mineralisation, which were encountered in the underground development at an elevation of +950m amsl. All the veins are hosted within Paleocene sandstones and the full extent of the veins has not been defined. Mention is made in literature of exploration activities undertaken in 1981 for disseminated porphyry copper in the silicified sandstones. |
Posted at 23/6/2024 15:20 by gold finger 1 IceI can understand why the mms have pushed the share price down to all time lows. The reason being, the renewal of this debt. But if you only look at that as the reason. You are not doing your due diligence. It clear that Mercuria are happy to continuing to support Vast. There is nothing to show that this is the case. If they were not happy with the progress that has been made over the years, they would have terminated and not continued to support vast. You can also look at vast moving Mercuria to one side for a New Copper Offtake Secured with Trafigura for Baita Plai. Now i thought that Mercuria were only playing ball with vast, for the simple reason they were happy to wait and get all the Cu concentrate. But no, that was not the case. Yet if They were not happy, That was the time to show it. Then you have the fact that at some stage vast will have a healthy income from the assets they now have under management. More than enough to cover the tiny debt they have. Yes they need money to grow BP into the monster we know it will become. Will that come from new finance or a placing. I hope from debt finance. But if it has to come from a placing, so be it. Debt finance will not only push BP forward, The finance will push the share price forward. Where as we know they would push the share price down with a placing. Even though either will push vast forward. I have been reading up about all the mines and assets there are in Romania. There is a massive market to be tapped into over there. As vast have the know how over there, along with first mover, advantage, they are in a prime position, over there. That Also goes for Tajikistan, also. Just stating facts. It take time to get new assets up and running. Vast have been up and running in Tajikistan for some time now. That money will soon be dropping into the Vast account soon. So the dilution that vast have needed over the last few year, has not only gone to grow BP. But also to get vast to the point of making enough money to be able to finance the debt they have. I know it must be very hard for the troll to understand how you need money to be able to make money, along with growing. I started out, many years ago with not a lot. I could not get finance from the bank at the time. So had to get expensive finance from other places. A few years later the banks were asking me to take debt from them. This will be the case for vast soon. Then the growth will really kick in. |
Posted at 22/6/2024 11:33 by giant haystacks Old news :-Vast Resources (VAST) an AIM-listed mining company with projects in Europe, Tajikistan, and Zimbabwe, announced a 3-year marketing agreement with a Swiss investment company for the exclusive distribution of high-grade platinum group metals (PGM) concentrates produced in the EU. Under the agreement, Vast will receive a 2.5% commission based on the sales value of the concentrates distributed. As part of the arrangement, and on behalf of the Swiss investment company, Vast has received an offer from Nikash Group to purchase PGM concentrate containing on average 15% platinum plus other payable materials, being marketed as a platinum concentrate. Under the offer, Vast will arrange the sale and delivery of 2 tonnes of high-grade platinum concentrate per month on average, over a period of up to 1 year. |
Posted at 20/6/2024 10:14 by gold finger 1 Let me get one thing clear. When it says, news of the reorganisation was published on 4 June 2024. this was not released by vast, but when it was released by the news paper, not vast.In my opinion vast were acting with dignity. Once the news had been released. Vast gave their side of the story. I know some dont want to hear, vast, side of the story. That is never going to be the narrative some want out there. |
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