Vast Resources Share Discussion Threads

[mitreatrading] 23/12/2016 08:16

Big boys closing their shorts as it's about to go to the moon.

[thehitman1] 23/12/2016 08:11

Massive volume

[guyswonga74] 23/12/2016 04:35

Shame it's only a half days trading today. Should still see some bug volume this morning

[temmujin] 22/12/2016 23:23

MORE EXCITEMENT ON LSE BOARD...

Share Discussion for Vast Res (VAST)


Date/Time Author Subject Share Price Opinion
Today 23:16 Gaf666 Excitement 0.205 No Opinion
Last time I had this much excitement was in AFPO and 88e. Don't you just love aim. Such a great way of making a living. We are either have the ride of a lifetime or slitting our wrists. Doesn't get much more binary than that
Today 23:15 jollygoodya amazing 0.205 No Opinion
updates here!!! wtf. This should now propel significantly. will be holding tight onto my golden tickets. Exercising of my warrants looks a distinct reality!!! Have we metamorphisised into a swan of aim or what!!
Today 23:14 2pence Ohh 0.205 No Opinion
forgot

it is 3000 million tonnes
Today 23:13 2pence RE: These licenses 0.205 No Opinion
both mines were producing then stopped, maybe due to the EU law that we know about.

recently the licenses lapsed and were 'available' again - VAST had done their research and applied for the licenses and got them.

both assets are much much bigger than Baita Plai

here's the best bit - both assets are not as big as the four Remin assets that were/are under review

[fairlight] 22/12/2016 23:22

This is potentially a $30 billion mine - I believeRoy and Andrew Prelea have delivered.

This is potentially the largest copper mine in Europe it is (potentially)twice the size of Rosia Poieni:

We have 3 billion tonnes Cu ore - RP has 1.5 billion tonnes at lower grades than ours (half)

This is MASSIVE on any scale

I am one very long suffering but immensely happy VAST shareholder!

[temmujin] 22/12/2016 23:21

AMAZING interview with Vast's andrew prelea ...if anyone has any doubts about VAST i suggest you watch this video

Listen in at 16m and 42 Seconds. VAST has been approached by some of the largest companies in the world for potential offtake agreements!

VAST v SOLG

Vast vs Solomon GoldToday 19:19Solomon Gold has a current market cap of 443m and shares have increased from around 3.5p in mid 2016 to 30p+ in 2017.

Financials
- Looking at the financials Solomon Gold made a 4.9m operating loss last year, only have 1m in property, plant & equipment. 45m in non-current assets, 52m cash.
- Vast has 18m revenue, 1.2m operating loss, 26m in property, plant & equipment, 31m non-current assets, 1m cash.

Resources
- Solomon do have much better grades than Vast, Alpala is a 1 billion tonne resource and Cascabel is a 10 billion resource. However the infrastructure is much poorer, the region has few roads and poor electricity.

In terms of resources Vast has 3 billion tonnes at Magura Neagra, probably up to 1billion tonnes at Piciorul Zimbrului, 2.9 million tonnes at Manaila, up to 26 million tonnes at Carlibaba, at least 1.8million tonnes at Baita Plai and 3 million tonnes of tailings at Faneata Tailings. The infrastructure for Carlibaba, Baita Plai and Manaila will all be fully operational within 18 months. The JORC and drilling results from Magura Neagra and Piciorul Zimbrului will drive the share price up massively way beyond 2p given that Vast will be cash flow positive.

I might be comparing apples to oranges but it seems to me that if Vast can generate substantial cash and get investment in the next year or two they could easily have a world class mining operation in Romania. That doesn't even include the other Remin mines they could acquire on the cheap!

CHARTS

[temmujin] 22/12/2016 20:43

is this the next QXL??????????????????????????????????????

[temmujin] 22/12/2016 20:41

'I am pleased to report that we are currently
conducting discussions with large private equity funds and investors
with a view to taking an interest in our Romanian subsidiary; thereby
ensuring development initiatives are expedited without diluting
shareholders of the parent company. As these discussions continue,
updates will be released as appropriate. '

[tidy 2] 22/12/2016 19:25

Get a decent sell price on this dog and I'll give you a bottle of bubbly

[temmujin] 22/12/2016 17:03

Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining
22 December 2016
Vast Resources plc
("Vast" or the "Company")

Expands Romanian Mineral Footprint Through Acquisition of New Licences

Vast Resources plc, the AIM listed mining company with operations in Romania and Zimbabwe, is pleased to announce that it has been granted two new prospecting licences, which have demonstrated polymetallic mineralisation, in the vicinity of the Manaila Polymetallic Mine ("Manaila") in Romania.

Overview

Two prospecting licences granted to Vast in line with its strategy to increase the resources near Manaila and expand its Romanian mineralised footprint through the acquisition of brownfield mining operations and known discoveries
The Piciorul Zimbrului and Magura Neagra licences are both located in the Bistrita-Nasaud county of Romania, near the towns of Zagra Talisua and Zagra Telciu respectively
Previous exploration has demonstrated both licences' prospectivity for polymetallic mineralisation
Piciorul Zimbrului and Magura Neagra are proximal to the Manaila Polymetallic Mine (located 19km and 47km away respectively)
Intention to explore new licences with a view to developing deposits into future sources of ore as part of a proposed new Manaila Metallurgical Complex ("MMC") at Manaila or at the adjacent Carlibaba Manaila Extension, which is a possible site of a future open cast mine and new metallurgical processing facility
Current information sourced from documents in public domain. The granting of the prospecting licences will allow Vast to access the exploration data archived at the state exploration agency
Roy Pitchford, Chief Executive of Vast, commented:

"As our production profile at Manaila continues to improve, we are contemporaneously evaluating new potential sources of ore to use as future feedstock for the planned expanded metallurgical complex in the region. This is a strategy that has generated significant interest from potential investors and I am pleased to report that we are currently conducting discussions with large private equity funds and investors with a view to taking an interest in our Romanian subsidiary; thereby ensuring development initiatives are expedited without diluting shareholders of the parent company. As these discussions continue, updates will be released as appropriate.

"These new licences highlight our long-term commitment to developing a significant mineralised footprint in Romania and the Romanian authorities continued support of Vast in its expansion efforts. We remain in active dialogue regarding additional licences including the outstanding right to mine at the Baita Plai Polymetallic Mine."

[novicetrade68] 22/12/2016 17:01

This certainly reads nice :

'I am pleased to report that we are currently
conducting discussions with large private equity funds and investors
with a view to taking an interest in our Romanian subsidiary; thereby
ensuring development initiatives are expedited without diluting
shareholders of the parent company. As these discussions continue,
updates will be released as appropriate. '

[guyswonga74] 22/12/2016 16:59

Especially if we get nomad news tommorow!

[thehitman1] 22/12/2016 16:48

Excellent news, should fly tomorrow.

[laptop15] 22/12/2016 16:47

Wow....VAST is having quite a week of good news!!! 2 new exploring licences with lots of precious metals and metals :)) interesting that the news is out so late.... I'm delighted that any trader who sold in the last few days will miss out!!!I believe we could be in for a very strong finish to the week :) be interesting to see the share price in the morning!Anyone any views?VAST is really getting its act together, particularly like the partnership part of the RNS....Now that could be a great help the the company especially with regards funding etc.

[novicetrade68] 22/12/2016 16:41

Some news out and it isn't 'Issue for Equity' for a change...

[luckymouse] 22/12/2016 16:11

Some rst at the 0.2's
Good nomad news and gold basing together cld see this fly to 0.3 or 0.4

[richie32] 22/12/2016 15:52

Any news on the Nomad? Did he resign or was he pushed?

[thehitman1] 22/12/2016 15:21

Still well cheap, holding many millions now.

[thehitman1] 22/12/2016 15:20

This is going to be massive, just need a bit of patience.

[guyswonga74] 22/12/2016 15:12

Just needs the news of new nomad to land now

[jungmana] 22/12/2016 14:29

Market cap of £9m right now is just too low. Should me more like 3 times that imo.

[jungmana] 22/12/2016 14:27

Folks have not realised how undervalued this is. After the huge increase in revenue rns ($14m) , with over $5m cash, two revenue stream mines both making money. VAST should be about 0.5p today.Gla