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
  -0.005p -0.83% 0.595p 0.58p 0.61p 0.605p 0.575p 0.60p 51,843,473 16:27:40
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 18.9 -1.9 -0.1 - 30.43

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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
2018-01-22 16:34:300.601,400,0008,400.00O
2018-01-22 16:29:470.59470,8982,778.30O
2018-01-22 16:28:270.59256,9901,516.24O
2018-01-22 16:27:440.60835,1385,012.50O
2018-01-22 16:27:310.60862,1395,182.32O
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Vast Resources (VAST) Top Chat Posts

DateSubject
22/1/2018
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 0.60p.
Vast Resources PLC has a 4 week average price of 0.49p and a 12 week average price of 0.44p.
The 1 year high share price is 0.79p while the 1 year low share price is currently 0.26p.
There are currently 5,113,702,315 shares in issue and the average daily traded volume is 92,941,804 shares. The market capitalisation of Vast Resources PLC is £30,426,528.77.
15/12/2017
11:13
stephen2010: Check out ALBA. Huge multibag potential. ALBA currently trading at 0.39p target price 6p making a nice 15 bagger. Please read the following: MARKET CAP PUZZLE ❖ Alba (market cap £8.4m) is in a resources neighbourhood populated with listed companies with much enhanced market capitalisations, such as UKOG.L (£134m) and JAY.L (£172m). With either shared project interests or adjacent tenements to these companies, Alba should trade at a much higher valuation than its current token value. Like Bluejay, Alba owns 100% of its ilmenite project. Direct comparisons with UKOG are also instructive. While both companies own other projects, UKOG’s 49.9% of Horse Hill Developments Limited (HHDL), when compared to Alba’s 18.1% means that Alba has approximately one third of the value of Horse Hill compared to UKOG but only about 7% of the market capitalisation. Once the market recognises these disparities, the room for growth in Alba’s share price is undeniable. VALUATION RATIONALE - Our valuation in this First Equity Limited initiation note uses a risked valuation approach for Alba’s two main projects, at Horse Hill and TBS. The Horse Hill licences are valued using independent published technical data from Schlumberger, Xodus and Nutech on the oil potential of the licences, along with our own assumptions on recovery rates, oil discovery value, resource and development risks factors. From this a risked value of $127m net to Alba on a ‘Base Case’ basis is derived for Horse Hill. Given the similar geology and economic potential of both TBS and Dundas, we have adopted a risked closeology valuation approach, by computing an NPV for Dundas of $223m and then applying a three-tiered risked probability calculation to arrive at a value of $54.7m for TBS. Once Alba announce its JORC resource and exploration target at TBS and Bluejay its Feasibility Study results, this number is likely to be revised upwards very rapidly, possibly up to $200m, representing up to 7p per share in additional shareholder value. We compute a valuation of $185m (£139m) for Alba, equating to 6.0p per share, of which 4.1p is attributed to the stake in Horse Hill, 1.8p for TBS. Given this analysis and wealth of valuation catalysts anticipated across the project portfolio in the coming months, we recommend the shares as a ‘BUY, with a Target Price of 6.0p, representing a potential 15 times plus uplift from the current share price.
15/11/2017
07:19
deanroberthunt: Good balanced article; The hardest thing for many of the smaller miners is actually making it to the production stage, and there are many that never get that far. Even amongst those which do manage to actually get something out of the ground and sell it, it still needs to be able to be done on a scale and at a cost which means that the company is able to make a profit overall. There is little point in continuing longer term if the operating profit isn’t even enough to cover the overheads of running the company, and looks like it will remain that way indefinitely. One small company which seems to be heading in the right direction, and has been making progess operationally as well, is Vast Resources (VAST), although there is still risk as the company has been making a loss and burning through cash. But to some extent that is to be expected at this stage and is something that I can accept – it is when it continues to do so indefinitely that it becomes a problem. Vast has already made the transition from an explorer to a producer, and for a company of this size has fairly well diversified operations, including polymetallic (copper, lead and zinc) mines in Romania and gold operations in Zimbabwe. The recently released final results up to the end of March 2017 showed a significant 230% increase in revenue to $23.8 million, as compared to $7.2 million the previous year. That still resulted in a net loss $2.4 million, which was significantly less than in 2016, although that was largely as a result of write-downs relating to discontinued operations. There were some changes at the Manaila polymetallic mine in Romania where the company acquired the remaining 49.9% of the mine to give it 100% ownership, and the company has since invested money there. That resulted in 828 tonnes of copper and 157 tonnes of zinc being produced in the quarter up until the end of June this year. During that period the Pickstone Peerless mine in Zimbabwe produced just over 4,000 ounces of gold, and having seen a bit of a drop, it is now operating back at expected levels. Operationally in 2016/17 the company managed to make a gross profit of over $6.3 million (compared to just $1.6 million the previous year), but high levels of overheads have always weighed heavily, and this is something which the company is actively looking to address – it certainly needs to if it is to start turning a net profit any time soon. The big concern for investors hear had been the levels of cash that the company was left with, as it had just $425,000 in the bank at the end of August, but this week we have had news on possible finance for future work at Manaila to extend the mine life – based upon the recent positive drilling results, along with the offtake arrangements that are already in place for next year – and that could now come in the form of debt or some form of reserves/production based agreement, which wouldn’t dilute existing holders. Prior to this latest news the company had been considering a possible $10 million investment, which at one stage would have potentially seen 29.9% of the company changing hands through a subscription at 0.4p, although that was later altered to avoid that level of dilution, with talks about direct investment into the projects rather than the shares of the company. If the company is now able to secure the Manaila finance through other means, that should cut the other funding requirements in half, to around $5 million. In the meantime the company managed to secure a bridging loan of $1.68 million from Sub-Saharia Goldia Investments, at an interest rate of 1% per month, and this is in addition to the existing $4 million loan that is already in place from the same source. In the background to all of this, the commodities which the company produces – particularly copper, zinc and gold – have been performing well, and this should certainly help the company in terms of profit margins. Currently the company is valued at over £16 million, at a share price of around 0.35p, so there is still a fair amount of risk if financing can’t be secured via debt or similar, and if it had to come through an equity issue in some form. Especially as the company is now in a phase of its development which could be quite capital intensive. But when investing in small mining companies like this you do expect that to a certain extent and have to consider if the potential upside is worth that risk. Given the way in which production has expanded and revenue has increased, I can see decent upside here for the shares if the company is able to continue making progress so I would class it as a speculative buy following the recent pullback in share price from around the 0.45p level.
23/10/2017
08:27
tidy 2: Sharetalk update This was the week that Vast Resources delivered 'vast profits' to shareholders! Excuse the pun... Further progress on the Balta Plai licence in Romania was announced via RNS and the share price did the talking from there. Whilst the inevitable pullback came on Thursday as is so typical on AIM, the share price recovered back to recent highs of 0.60 to end the week almost 100% up. It hasn't quite had the GGP treatment just yet but news on Balta Plai is forthcoming and the company are confident of getting that mine into production in the coming months so investors are sitting tight quietly confident. Congratulations to all who hold
20/10/2017
19:03
temmujin: 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!
20/10/2017
10:34
dudleym1975: Listen to the interview https://www.youtube.com/watch?time_continue=14&v=c1SegT_StzULinke is above.Some key points:First of listen in at 16m42seconds where AP says 'We£ve been approached by some of the largest companies in the world for off take agreements.' Other Key things:* BP Low Capital Cost to get it operational* 6 Months from Sign-off Should be Fully Operational.* AP says RE BP: £ We will be Working, Preparing Underground (the mine) by X-mas if Not Earlier£* Manila Currently doing 15k a month. With new plant we will be doubling to 30k a month and 25% Cost reduction producing significant returns.* New plant (Manaila) up and running within 18 months. * Potential of being top copper mine in Europe with only 10% of Zagra! 3000MT of ore in total and only 10% gets us top copper mine in Europe. These (agra mines) are not reflected in our share price. In relation to the 2 research notes done very recently (links at bottom)2 research notes come out recently. Do you agree with them. AP says Yes and no. The asset value of the company not reflected in the share price. We are currently at a MCAP of £30m, we£ve been valued at £100 which is a share price of 2.2p which does ot reflect zagra which has 3000MT of ore. Or the complete valuation of Manaila and Carlibaba or the upside potential at Baita Plai. IF we take into consideration of what we have in the pipe line, and what assets we have overall AP believes the share price should be a lot higher similar to a mid tier mining company. Brandon HIll Research note: http://www.vastresourcesplc.com/wp-content/uploads/2017/10/Brandon-hill-Valuation-19.10.17.pdfEquity Development Research Note: http://www.vastresourcesplc.com/wp-content/uploads/2017/10/Equity-Development-19.10.17.pdf
22/12/2016
23:21
temmujin: AMAZING interview with Vast's andrew prelea ...if anyone has any doubts about VAST i suggest you watch this video HTTP://www.corelondon.tv/vast-resources-finalises-baita-plai/?platform=hootsuite 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
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 :))
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?
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
Vast Resources share price data is direct from the London Stock Exchange
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