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
  +0.105p +38.89% 0.375p 0.36p 0.39p 0.39p 0.27p 0.27p 295,224,858 16:26:18
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 5.0 -10.8 -0.7 - 17.56

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DateSubject
20/8/2017
09:20
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 0.27p.
Vast Resources PLC has a 4 week average price of 0.26p and a 12 week average price of 0.26p.
The 1 year high share price is 0.71p while the 1 year low share price is currently 0.11p.
There are currently 4,683,686,978 shares in issue and the average daily traded volume is 38,645,595 shares. The market capitalisation of Vast Resources PLC is £17,563,826.17.
01/8/2017
09:51
edgein: lol! Its not all about the mining licence, Jayzus! Summary of Q2 2017 Production: -- 41% increase in tonnes of ore mined from Q1 2017 to 27,707 dry tonnes (Q1 2017: 19,711 dry tonnes*) -- 54% increase in tonnes of ore milled from Q1 2017 to 28,082 dry tonnes (Q1 2017: 18,262 dry tonnes*) -- 57% increase in copper concentrate produced from Q1 2017 to 828 dry tonnes (Q1 2017: 526 dry tonnes) -- Copper concentrate grade maintained above 18% threshold at 18.2% (Q1 2017: 18.8%) -- 19% increase in zinc concentrate produced from Q1 2017 to 157 dry tonnes (Q1 2017: 132 dry tonnes) -- 51% increase in zinc concentrate grade from Q1 2017 to 39.8% (Q1 2017: 26.3%) -- Inaugural concentrate production from test phase of the Knelson Concentrator extracting a pyrite concentrate containing gold credits - 5 dry tonnes at a grade of 45g/t produced since commissioning on 25 April 2017 Pickstone-Peerless Production Summary (commissioned on 20 August 2015, Vast ownership 25%): Production at Pickstone-Peerless has recovered from the slowdown in open-pit mining operations occasioned by the high rainfall experienced during Q1 2017. A return to mining higher grade areas in the open-pit has also facilitated an increase in production over the prior quarter. -- 33% increase in tonnes of ore mined from Q1 2017 to 68,659 tonnes (Q1 2017: 51,660 tonnes) -- 15% increase in tonnes of ore milled from Q1 2017 to 58,923 tonnes (Q1 2017: 51,102 tonnes) -- 36% increase in gold production from Q1 2017 to 4,037 ounces (Q1 2017: 2,974 ounces) Does any of the above make up the list of disappointments? Increasing production and grade at a time of strong Cu and Zn prices. Are you guys just here punting on the licence award for one of their assets? Anyone selling now is selling at a time when VAST has never been operationally stronger than it is currently. Zimbabwe is no longer a major feature for the company but the Romanian production will be highly significant given the £13m cap. No bloody wonder that the new cornerstone investor is taking these on the cheap some 35% premium to the current share price. Regards, Ed.
24/7/2017
23:04
temmujin: didnt solgold have a similar 'cornerstone' funding before it rocketed? Edgein24 Jul '17 - 11:02 - 7905 of 7906 0 1 Very interesting, funding at a 10% premium to the current share price. A new cornerstone investor taking up to 29.9% of the company and vast significantly funded to the tune of $10m after phase 2. I guess they'll want this to complete before VAST announce the feasibility study and current operational progress. But strengthens the company's balance sheet significantly with what hopefully is a new long term investor.
24/7/2017
11:02
edgein: Very interesting, funding at a 10% premium to the current share price. A new cornerstone investor taking up to 29.9% of the company and vast significantly funded to the tune of $10m after phase 2. I guess they'll want this to complete before VAST announce the feasibility study and current operational progress. But strengthens the company's balance sheet significantly with what hopefully is a new long term investor. O/T. Ihavenoclue I hope it takes some time at PREM, I'd like to see Zulu fully drilled/assayed before any jv/sale. Regards, Ed.
20/2/2017
12:11
yoyo2money: "Whilst the Board and its advisers continue to monitor the share price constantly, it is the Board's responsibility to build the business, which ultimately should be reflected in the share price moving forward" Roy and Brian acted 100% in our favor with this RNS. Today's RNS was designed to push the share price into the 0.55 range so that tomorrow's RNS would give us a push into 0.75-0.90 range. With loads of RNS's to come, I can see 2.00 in the horizon. I would recommend to all shareholders not to sell for 3 months in order to get the momentum going, If we work together on this our profits are going to be huge, why take a 40% profit when you can make 600-700% ? I'm buying on dips because I strongly believe that at the moment VAST is undervalued. Who's in for the 3 months "no selling" diet?
20/2/2017
08:26
yorgi: From RNS : A Final Word. After 18 months of challenging times for Vast shareholders, we intend to rebuild credibility, trust and excitement in the Vast investment proposition for the benefit of all stakeholders. I am confident that over the course of 2017, when combined with the continued operational turnaround in Romania, this will be achieved. Whilst the Board and its advisers continue to monitor the share price constantly, it is the Board's responsibility to build the business, which ultimately should be reflected in the share price moving forward. The Company's advisers will be active in communicating the progress on the ground within the investment community. All parties concerned, be they directors, managers or advisers, are fully committed and aligned with the success of Vast and we are focussed on establishing a significant, profitable and sustainable mining company with a robust communications strategy moving forward. Brian Moritz Chairman
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.
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
06:53
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
17:44
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
15:43
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
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