Share Name Share Symbol Market Type Share ISIN Share Description
Vast Resources PLC LSE:VAST London Ordinary Share GB00B142P698 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.03p -8.45% 0.325p 0.32p 0.33p 0.355p 0.31p 0.355p 124,018,137.00 16:24:40
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 5.0 -10.8 -0.7 - 14.74

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Vast Resources (VAST) Discussions and Chat

Vast Resources (VAST) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
20/01/2017 16:29:590.32312,4071,005.95O
20/01/2017 16:28:170.32622,9662,005.95O
20/01/2017 16:28:070.32313,9741,011.00O
20/01/2017 16:25:280.33606,6122,000.00O
20/01/2017 16:24:230.32855,1392,745.00O
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Vast Resources (VAST) Top Chat Posts

DateSubject
20/1/2017
08:20
Vast Resources Daily Update: Vast Resources PLC is listed in the Mining sector of the London Stock Exchange with ticker VAST. The last closing price for Vast Resources was 0.36p.
Vast Resources PLC has a 4 week average price of 0.32p and a 12 week average price of 0.22p.
The 1 year high share price is 0.78p while the 1 year low share price is currently 0.11p.
There are currently 4,535,685,288 shares in issue and the average daily traded volume is 128,357,157 shares. The market capitalisation of Vast Resources PLC is £14,740,977.19.
19/1/2017
16:10
temmujin: Metal Tiger Plc ("Metal Tiger" or the "Company") ADDITIONAL INVESTMENT GREATLAND GOLD Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource opportunities is pleased to announce an additional investment in Greatland Gold plc (Greatland Gold)(AIM:GGP). Metal Tiger today purchased a further 6 million shares in Greatland Gold at 0.174p per share and increased its shareholding to 156 million shares, representing 9.56% of Greatland Golds issued share capital. Paul Johnson, Chief Executive Officer of Metal Tiger commented Metal Tiger has noted the decline in share price of Greatland Gold and reflecting what we consider to be an oversold situation have increased our position accordingly. We consider Greatland Gold to have multiple opportunities for considerable value generation for shareholders both in respect of existing projects and any new ventures with which the company may seek to engage. The recent decline in share price represents for us a buying opportunity. We intend to capitalise on market price reactions of this nature, enabling us to build positions in undervalued resource companies when the market chooses to offer lower entry prices.
16/1/2017
19:19
temmujin: dear ashleigh...you my son are a city shill boy...i investigated your postings and this was one of your lapsed multi aliases...only started posting again after 3 years...you cant pull the wool over my eyes mate...been in this game far too long to be taken in by a dipstick like you laddie... AshleighP - 16 Jan 2017 - 19:08:58 - 7047 of 7048 Vast Resources - Expanding Horizons into Europe. - VAST The issue of indigenisation and political problems in Zimbabwe are listed in the chairman's statement in the interim results, so mention of it here is not really scaremongering given that the company recognise this risk themselves. VAST won't be booted off AIM on 31st Jan if no new adviser is appointed - the shares are suspended and cancellation occurs after another 30 days if no new adviser is found. If they can't find a replacement by the end of the month, then i'd be surprised if they could find one in another 30 days. I don't want them to fail to find a new adviser - i've liked watching and trading them. The share price at present suggests to me that shareholders are optimistic of this being resolved, but then I thought Remain and Clinton would win, so what do I know. AshleighP - 16 Jan 2017 - 15:00:55 - 7033 of 7048 Vast Resources - Expanding Horizons into Europe. - VAST I've sold my holding at 0.323 - a new NOMAD may well be appointed, but i'm not risking being stuck with shares in an unlisted company. I've bought and sold VAST several times as a trading stock, so not really worried about the long term prospects. If a new NOMAD does get appointed, then trading opportunities will still be there. Bookwormrobert - thanks for your sensible posts (i'm usually a lurker, so have read all posts for several months) AshleighP - 09 Jul 2014 - 11:11:26 - 6654 of 8186 Daniel Stewart - a new investment bank hits AIM! - DAN I'm not sure MMs are playing tricks. I bought some via three separate trades, two of which moved the price. I figure that more speculators will be along and I can sell the ones I have for a profit. I have lost a huge amount on these before, so only looking for a quick turnaround and not making the mistake of holding them for a long time again. At least the news suggests they are not going bust just yet, though i'm sure that will happen eventually. Recent news has shown DAN handing two new floats and a broker appointment - not much, but will keep them ticking over a bit. I guess we wait for the results on the last possible day before the deadline. AshleighP - 17 Dec 2013 - 09:20:00 - 6466 of 8186 Daniel Stewart - a new investment bank hits AIM! - DAN LR4850 I did receive notice of the AGM via my broker before I sold my holding. I toyed with the idea of attending, but decided the expense of the train fare was a waste for these boys and would only add to my loss. I remember the one and only AGM I did attend, where I was the only attendee that asked any questions. The whole meeting was over quickly and Shea didn't seem keen on hanging around to meet the shareholders present. Shea is only interested in lining his own pockets and I suspect has no qualms about who loses out along the way. I wish i'd seen this for what it was earlier, rather than hanging on in denial.
01/1/2017
16:16
bookwormrobert: I basically agree. If I'm hazarding a guess, I think Strand's reasons for resignation will be more 2, compliance and corporate governance issues, than 1, fear of not getting paid. And if that's the case, Vast will have a big problem finding another Nomad. And if they can't, they lose their AIM status, and their shares become effectively worthless. It's a pity, because Vast's mineral resources are interesting, if eclectic. But there is way too much going on here that I don't understand. And if I don't understand something, I don't buy it. Why, if I were a cynic, I'd say the positive RNS's of the last few days were just a way of inflating the share price so that the recently issued stock from the latest round of warrants could be sold off at a fat profit. And to the previous poster, no, I'm not trying to get Vast's share price down. My guess is that it doesn't need my help. And I don't think a couple of posts on a bulletin board makes a jot of difference.
22/11/2016
14:26
laptop15: Geez that's about time guys!! Hopefully vast share price can start to recover now :)) if a placing is done they at least do it at a higher share price altogether!Life begins again for us shareholders :))
15/11/2016
21:15
supercity: I wouldn't get too excited about the AGM...they rarely excite and more often than not just release a boring all resolutions passed RNS VAST obviously realise what is happening with the share price which is why they have pulled the plug on further drawdowns...they also realise there is another £308,000 to convert and when it's done the share price could well bounce - it would be of no benefit for them to release news that could see the share price just to have it suppressed by 200 odd million more shares that could be issued.The time to buy will be when they have gone as you get a very preferable low entry point
21/10/2016
05:53
fairlight: My take - Bracknor forward sold 400 million shs last week and reduced the share price so they can get a low average for their conversion of loan notes - they then converted after 5 lower share price days (to get a huge profit)the contract terms state the conversion is 10% below the average lowest share price for 5 days. They have now covered the forward selling - they will wait until the share price rises and do it again with the 4-500 million shs they can convert from the remaining loan notes and warrants. This type of funding is never long term and they will make 800 grand plus out of this deal in a matter of weeks leaving VAST share total diluted by 25% all for £1.5 mil cash. The share price dropped from .38p to .22p due to this in a matter of days - what happens when the next 400 mil are forward sold? Everybody happy?
16/5/2016
17:24
carla1: Vast Resources PLC / Ticker: VAST / Index: AIM / Sector: Mining 16 May 2016 Vast Resources PLC ("Vast" or "the Company") Bridge Loan Note Vast Resources PLC, the AIM-listed resource development and production company, is pleased to announce that it has entered into a bridge loan note with Darwin Capital Limited ("Darwin") for up to GBP1 million (the "Bridge Loan Note"). An initial note of GBP650,000 ("Initial Loan Note", "Principal Amount"), which will be used for ongoing working capital requirements, was issued on 16 May 2016 ("Issue Date"). Salient Terms -- An Initial Loan Note of GBP650,000 issued by the Company on the Issue Date -- The note will mature on two dates; 50 per cent. of the Principal Amount (including all accrued and unpaid Interest on 50 per cent. of the Principal Amount) will fall due on 10 July 2016 and the outstanding Principal Amount (including associated accrued and unpaid interest) will fall due on 10 October 2016, or earlier upon acceleration or early redemption -- Interest shall accrue at a rate of 20 per cent. per annum, calculated over a 365-day basis payable in arrears on the maturity dates -- The Company has the option of an early redemption of the notes and will pay Darwin a redemption price equal to 105 per cent. of the then outstanding Principal Amount plus all accrued and unpaid interest at any time following the Issue Date -- If the Company fails to repay Darwin on either of the maturity dates, the Principal Amount will be increased to 120 per cent. of all outstanding payment obligations and the maturity dates will be changed to 10 January 2017 in the event of a default on 10 July 2016 or to 10 April 2017 in the event of a default on 10 October 2016 ("the Extension Periods") -- If the Company defaults and the maturity date or dates are extended, then at any time during the Extension Periods Darwin will have the right to convert all of the then outstanding and unpaid total Principal Amount and accrued Interest into ordinary shares of 0.1p each in Vast ("Ordinary Shares"). The conversion price will be the lesser of the average share price on the Issue Date or 0.90 of the arithmetic average of the average share price for 5 trading days selected by Darwin during the 20 trading days prior to and including the conversion date -- In order to cover the eventuality that part or all of the Bridge Loan Note is converted into Ordinary Shares, the Company must keep available for issue 600,000,000 authorised and unissued Ordinary Shares free of pre-emption rights from 30 June 2016. If the Company has such authorities over less than 600,000,000 shares on 30 June 2016, all amounts outstanding to Darwin must be deposited into an escrow account on the earlier of 10 July 2016 or the receipt of GBP1,250,000 third tranche equity subscription due from Crede CG III Ltd ("Crede") on 4 July 2016 ("Crede Tranche 3"). The funds will remain in escrow until the necessary authorities are granted to enable the issue of up to 600,000,000 Ordinary Shares -- An additional drawdown of GBP350,000, repayable on 10 October 2016 and otherwise on the same terms as for the Initial Loan Note as set out above, can be made by the Company subject to Darwin's consent on any day between 4 weeks and 12 weeks after the Issue Date -- The Bridge Loan Note is unsecured The purpose of the Bridge Loan Note is to cover the Company's short-term working capital requirements until the Crede Tranche 3 financing has taken place. It is the Company's intention to use the funds received from Crede Tranche 3 to redeem the Initial Loan Note and limit the cost of the bridging facility. Roy Pitchford, Vast CEO, commented: "The Company has initiated several capital projects to increase both the capacity and efficiencies at the Manaila operation. The rejection of the Crede Tranche 2 financing has put pressure on the Company's working capital requirements and the Darwin funding has been arranged as a short term bridging facility to help the Company maintain the operational momentum that it has built over the past months."
19/4/2016
16:44
richie32: Exercise and Cancellation of Warrants and Issue of Equity Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining 19 April 2016 Vast Resources plc ("Vast" or the "Company") (AIM: VAST) Exercise and Cancellation of Warrants and Issue of Equity Vast Resources plc, the AIM-listed mining company with operations in Romania and Zimbabwe, announces that, pursuant to the subscription agreement entered into with Crede CG III Ltd ("Crede") on 4 January 2016, Crede has elected to convert 26,281,209 warrants issued under the initial subscription ("Warrants") into ordinary shares of 0.1p each in the Company ("Ordinary Shares") (the "Conversion"). Notice of conversion of the Warrants was received by Vast on 12 April 2016. Under the terms of the financing announced on 4 January 2016, Crede may exercise the Warrants by exchanging them for new Ordinary Shares on payment of a subscription price equal to the nominal value of the Ordinary Shares, subject to the offset of a commission obligation due to Crede equal to ten per cent. of amounts subscribed for by Crede ("Commission"). The number of new Ordinary Shares to be issued to Crede is calculated by dividing the aggregate Black-Scholes Value of the Warrants (as described below) by the closing bid price of Ordinary Shares on the trading day two days prior to the date on which the Warrant exercise notice is issued, being 0.3p. Accordingly, the Warrants convert into 60,000,000 new Ordinary Shares on payment to the Company of £54,000 being the net subscription price after deduction of Commission. The Company is, in addition, due to receive £84,384 as a subscription price net of all Commission for Ordinary Shares issued in exchange for previously announced Crede warrant conversions. The exercise of Warrants issued to Crede on 4 January 2016 was intended to be covered by the Company's authority to dis-apply pre-emption rights in respect of the issue of new Ordinary Shares as had been in place prior to the General Meeting on 9 February 2016 (the "Pre-Existing Authorities"). Due to the recent fall in the Company's share price, the Pre-Existing Authorities have been insufficient to meet the conversion of the Warrants issued to Crede on 4 January 2016. The Company has therefore agreed to issue 22,581,991 Ordinary Shares to Crede under the Pre-Existing Authorities and, in respect of the balance of the new Ordinary Shares to be issued pursuant to the Conversion, being 37,418,009 Ordinary Shares, the respective Warrants have been cancelled and the Company will issue to Crede 37,418,009 new Ordinary Shares under the authorities granted to it in respect of the Crede financing, as approved by shareholders at the General Meeting of 9 February 2016 (the "Crede Authorities"). Following the issue of the 37,418,009 new Ordinary Shares, the remaining number of Ordinary Shares which can be issued to Crede on a non-preemptive basis under the Crede Authorities is 1,034,010,991. Following this exercise and cancellation Crede will hold a remaining balance of 38,148,819 Warrants out of the 156,250,000 issued to it under the initial subscription. The Company notes that any further issues of Ordinary Shares to Crede, in the absence of further shareholder authorities being granted, will need to be covered by the Crede Authorities to the extent they remain. The Company has agreed that, in respect of any further exercises or conversions of the warrants issued to Crede on 4 January 2016, it will agree to cancel the relevant warrants and issue the applicable number of Ordinary Shares under the Crede Authorities on the terms set out above. Application will be made to the London Stock Exchange plc for 60,000,000 new Ordinary Shares to be admitted to trading on the AIM market with admission expected to occur on or around 25 April 2016 ("Admission"). The new Ordinary Shares rank pari passu in all respects with the existing Ordinary Shares. Following Admission, the issued ordinary share capital of Vast will consist of 2,375,604,639 Ordinary Shares. There are no Ordinary Shares held in treasury. 2,375,604,639 represents the total number of voting rights in the Company and may be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.
05/4/2016
14:43
showme01: Great news for the shareholders of Vast Resources (VAST) this morning as Vast announced that it was withholding consent to the second tranche of the Crede financing. If no-one minds, I’d like to take some of the credit! I wrote about the shocking funding deal less than two weeks ago (HERE), explaining why it was a “death spiral on steroids” and although, at the time, Roy Pitchford, CEO, seemed to be a bit bemused as to why the share price was dropping, it was quite clear to many who understood the financing that a falling share price and extensive dilution was always the likely result of the deal. To be fair, I hadn’t spotted this get-out. Vast had to consent to the tranche if Crede becomes interested in more than 25% of the share capital on a fully diluted basis, which includes warrants. Accordingly, with the share price bid at 0.23p on Friday, Crede would have been entitled to over a billion shares and warrants, taking them over that 25% limit. Hat-tip to mbarnes, who I expect is the same Matt Barnes who commented on my earlier piece, as I think he was the first to set out the argument on the bulletin boards, as far as I am aware. Vast also announced that it is in discussions to replace the £1.25 million funding on more favourable terms and also mention that it will engage with shareholders interested in participating in future funding arrangements – go Roy! It is made clear, however, that the agreement with Crede remains in place and that tranches 3 and 4 will be available in 90 and 180 days’ time respectively. However, one less tranche of this sort of dilution is significant and, importantly, it gives Roy and his team another three months to eke out some good corporate news to increase the share price so that it is in a better shape to deal with those latter tranches. As I write, the share price has, unsurprisingly, opened strongly and is up about 50% at 0.37p. The whole thing gives me a warm, fuzzy feeling. I started writing on Shareprophets at the beginning of the year as I felt that it was one of the few places that one could comment on poor funding deals, dodgy management behaviours, poor corporate governance etc and I hoped that by highlighting some of these things, it might make a difference. Well, it looks like it can make a difference. Look, I’m not totally naïve, I’m sure that Roy and his team would have worked it out in the end and I wasn’t the only person to mention it - the bulletin board ranting was key too - but just please let me have five minutes of thinking that my little butterfly wing flapping made a tiny difference to the powers-that-be at Vast, however small. I doubt I’ll be on Crede’s Christmas card list though! - See more at: hxxp://www.shareprophets.com/views/19861/vast-resources-well-done-roy-you-worked-it-out-in-the-end#sthash.qJGrGo4h.dpuf
22/3/2016
17:30
lazygun: Snowman is so naive. Mkt cap now 5.8. So 1.25 mill of shares for next tranche at current price, will mean crede will have (1.25/ (1.25+ 5.8)) % of enlarged share capital, equals 17.7% of shares in issue. I'm not counting warrants here as I e not seen anything to suggest crede have exercised their warrants yet (unless I've missed it - in which case please correct me if I'm wrong). After this next tranche, there are still two further tranches to go - one in June/july, and one Sep/oct. Crede have shown that they're dumping stock when they get it, so there's no reason to assume that they won't continue to do so. In fact, they'll have to. After 2nd tranche, they still have a further 2.5 million (2 * 1,25 mill tranches) to go. So, assume share price stays at current level ( with 17% of shares likely to be dumped, more likely that share price will drop considerably further), then their overall shareholding will be 3.75 mill / (5.8 + 3.75) equals, circa 39% shares in issue. Given they can't hold more than 25% in any case under the terms of their agreement, they'll be forced to dump at least 15% of the total shares in any case. This doesn't allow for the warrants which will only be even more dilutive, and will also cause further additional pressure on the stock. I stand by my target of 0.1-0.15. I'm also 50% confident that this could go as low as 0.07ish before crede are out, and let's face 'll be here fore another 6 months at least, and it could take the share a further year to recover from the fallout of the crede deal..... In this context, investor sentiment to the stock is destroyed, so the balance of power in the supply/demand equation for this stock will therefore shift to the sellers. This will just mean even more selling, and share price destruction. Roy pitchford has a real battle now: 1) In my opinion, he's destroyed the trust and faith his fans had in him with this company by entering the crede deal to begin with. 2) any positive noises from the company about production/revenue/profit is going to be drowned out by the crede deal 3) rp has to restore investor confidence - I'd say an almost impossible task for him, although a good step would be to find an altnerate means of funding, and buyout the crede deal before it does more damage. He should have gone to metal tiger. They seem to be about the only company I've seen recently that's been able to raise funds at the prevailing share price with premium priced warrants, without complicated and confusing terms and conditions attached.... Rp has become as disappointing as randy con ally of northcote has become.... L.
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