We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
| 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 09/7/2024 07:54 by iceagefarmer get some ammo for vast today...SMLCobre June Quarter Sales Update Highest on Record, Forecasts Upgraded Strategic Minerals plc (AIM: SML; USOTC: SMCDY), a producing mineral company, is pleased to provide the following update on quarterly Cobre sales to 30 June 2024. Highlights • June quarter sales revenue of US$1.296m, up over c.250% on June quarter 2023 (US$367k). • Highest June quarter sales on record. • Full year sales in 2024 now upgraded and expected to exceed US$4.0m. • All outstanding creditors, excluding Directors and Management, are up to date. Cobre Sales The return of Cobre's major client and the addition of a substantial new client have resulted in the best June quarter on record. Not unexpectedly, this is an impressive 250%+ increase on the June 2023 quarter when Cobre's major client was not purchasing magnetite. However, this is also an impressive 95% increase on June 2022 sales, when the major client was active. Just how remarkable the past quarter's sales are is illustrated in the following graph which shows the spectacular performance at Cobre, further illustrating the Board's view that the market undervalues the Company. Note, the December 2019 quarter sales have excluded a one-off payment of $750,000 relating to the termination of the CV Investments contract. A graph with a line going up Description automatically generated Sales June Quarter 12 Months To June $'000 Volume $'000 Volume 2024 1,296 18,935 2,933 40,598 2023 367 4,162 1,898 23,856 2022 666 10,711 2,429 38,825 With over US$2m of sales (31,327 tons) in the first half of 2024, the Company considers it appropriate to upgrade the 2024 Cobre full year sales forecasts as volumes are now expected to exceed 60,000 tons (17,965 tons in 2023) resulting in upgraded revenues expected to exceed US$4.0m (US$1.6m in 2023). Cash Management As previously reported, the substantial reduction in sales during 2023 required careful financial management. The Company is happy to report that, with Cobre's excellent first half sales performance, creditor arrangements, excluding the Board and Management, are now up to date with one of the short-term funding facilities (AUD $50,000) now having been repaid. This leaves a further two facilities totalling AUD $100,000 expected to be repaid from Cobre sales by their maturity date in October. The Annual Report noted that, as of 31 December 2023, a substantial amount (US$360,000) was outstanding to the Board and Management in relation to 2023 remuneration and this has now increased, as of 30 June 2024, to US$518,000. Payment of deferred remuneration is likely to commence later this year and not be completed until the first half of 2025. Commenting, John Peters, Managing Director of Strategic Minerals, said: "The quarter's sales have exceeded our expectations and bode well for a strong performance at Cobre in 2024 with forecasted annual sales now upgraded and expected to exceed US$4.0m. "Management continues to progress negotiations with potential investors on both its Redmoor and Leigh Creek projects as well as seeing cautious signs of more widespread renewed investor interest. Until such time as a project related liquidity event occurs, the Company will continue to closely monitor short term cash flow and remains committed to avoiding the need for a dilutive capital raise, currently considered unnecessary." For further information, please contact: |
Posted at 02/7/2024 08:09 by harps01 It may well lead to company growth but further dilution to existing shareholders! Anyone invested long term would be 99% down a year ago. The company may as well been shut. A lot of these investors have fallen for APs lies and averaged down which has led to further paper losses. share price down over 90% this past year. I feel sorry for these investors who probably invested in good faith based upon APs and BoD projections on what was going to happen. Whether this was breakeven, profitability, return of diamonds, new finance agreements, new II investors, diamond mining in Africa...the list goes on.It really is a sham of a company to date. |
Posted at 20/6/2024 08:05 by harps01 I thought it was agreed David Ian Jones was just a regular investor who has invested a little more than others. He's a big investor in Vast but not saying much considering market cap. Known many larger (money wise) investors in AIM mining companies which have gone belly up. They generally invested multiples of the sums Jones has put in here. Don't think his investment has any bearing on diamonds release. I think any updates on that front are down purely to what suits the interest of Zimbabwe government.Unfortunately there is a realignment of countries and it's possible Zimbabwe could end up in the Russia camp due to sanctions against it by the west. Hoping this isn't the case but looking more likely. If this happens less chance of those diamonds ever being released. |
Posted at 17/6/2024 19:23 by jtidsbadly Hopeful: the market cap is a reflection of the number of shares in issue and the market’s confidence in the company’s prospects. Vast is in hock to its lenders. Mr. Prelea no longer mentions diamonds. The rescue from the Swiss investor who is alleged to be prepared to buy Vast shares at a substantial premium to the current market price(!) appears not to be forthcoming. The equation you need to consider is the one the lenders are considering: do they make/save more money by liquidating the company now or do they give it more time to keep having placings? If the latter, will the company’s brokers support another placing after a further big consolidation just a few months after the most recent one? It’s pretty well a given that, in the event of a further consolidation, the share price will fall back again close to the pre-consolidation price. Cold comfort for shareholders there. then. If there is no consolidation, there’s unlikely to be room for a placing. What will Vast use for cash? There comes a point when a company is trading while insolvent and the directors have to look to their own positions.Investors topping up/averaging down at this point are merely sticking their fingers in their ears. Or it’s bravado. There is no investment case. |
Posted at 12/6/2024 19:21 by shortsqueezer Interesting that here we have these so called investors like gf who have supposedly committed a life changing amount into the shares yet not one of them has even set foot in Romania and visited the mine and spoken to the locals to confirm that they have made a wise investment. If they did that I might have a little respect for them. It's not as if it would cost much compared to what they have supposedly invested. But no. They are armchair investors. But in reality they haven't committed a penny. |
Posted at 10/6/2024 11:14 by harps01 Well trades tell another story. Investors abandoning the ship. Could well be false news but any rational risk investor would be reviewing position. |
Posted at 07/6/2024 07:49 by iceagefarmer lets see how many new private investors have joined the party when we get the revised updateMajor Shareholders The identity and percentage holding of any significant shareholders as of 29 May 2024. The Company is aware of the following holdings representing in excess of 3% of the Company’s issued share capital. % AMOUNT Hargreaves Lansdown Asset Mgt (Bristol) 18.36 178,880,639 Interactive Investor (Manchester) 17.44 169,925,763 Halifax Share Dealing (Halifax) 11.45 111,529,509 Dr David I Jones (UK) 8.84 86,073,257 Barclays Wealth (London) 8.73 85,080,310 A J Bell Securities (Tunbridge Wells) 3.47 33,833,713 IG Markets (London) 3.40 33,125,020 |
Posted at 07/6/2024 07:35 by iceagefarmer as of 29th may..lets see how many more private investors have bought in since then,should be revealingMajor Shareholders The identity and percentage holding of any significant shareholders as of 29 May 2024. The Company is aware of the following holdings representing in excess of 3% of the Company’s issued share capital. % AMOUNT Hargreaves Lansdown Asset Mgt (Bristol) 18.36 178,880,639 Interactive Investor (Manchester) 17.44 169,925,763 Halifax Share Dealing (Halifax) 11.45 111,529,509 Dr David I Jones (UK) 8.84 86,073,257 Barclays Wealth (London) 8.73 85,080,310 A J Bell Securities (Tunbridge Wells) 3.47 33,833,713 IG Markets (London) 3.40 33,125,020 |
Posted at 05/6/2024 11:04 by kemche "Vast already have a better PE than most AIM companies. So if they can get to even a PE of plus, it would put them in a league of their own, regarding AIM."People come here specifically, and ADVFN generally, just to read such analytical insights which are helpful to all investors. Unfortunately these sane voices are drowned out by the plethora of nonsense from the scumbag crew of many avatars. That is why the wise have them all on filter. I would recommend all serious investors to do likewise. |
Posted at 22/5/2024 10:48 by jungmana It is companies such as vast, qbt, prem, ntog to name a few, that have given AIM a bad name. The management of these companies for many years use the market as a cash machine always taking out money and not creating any value.Vast alone has raised over $100 million in the last 10 years and where has all that money gone? what asset of value have they created? All they do is create a good lifestyle for themselves and their associates.. No wonder so many private investors continue to leave the market for good. billions in funds have been withdrawn from the market over the past 7 years by private investors and the trend continues . Most have left the AIM market for good. |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
