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VAST Vast Resources Plc

0.065
-0.0025 (-3.70%)
28 Feb 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Vast Resources Plc LSE:VAST London Ordinary Share GB00BMD68046 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.0025 -3.70% 0.065 115,528,323 13:19:34
Bid Price Offer Price High Price Low Price Open Price
0.06 0.07 0.0675 0.0625 0.0675
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Nonmtl Minrl Svcs, Ex Fuels USD 3.72M USD -10.51M USD -0.0019 -0.32 3.34M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:29:47 O 30,030 0.0666 GBX

Vast Resources (VAST) Latest News

Vast Resources (VAST) Discussions and Chat

Vast Resources Forums and Chat

Date Time Title Posts
28/2/202423:58the other thread is for trolls22,629
28/2/202408:21Vast Resources - Expanding Horizons into Europe. 25,764
20/2/202410:42WILL VAST RESOURCES BE THE BIGGEST MULTI BAGGER TOMORO OF ALL TIME?19,476
14/2/202413:40VAST action group16
14/2/202406:50VAST - MEGA BOOM TIME FOR THE KNOWING51

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Vast Resources (VAST) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-02-28 16:29:480.0730,03020.00O
2024-02-28 16:28:440.07150,150100.00O
2024-02-28 16:27:040.07528,700350.00O
2024-02-28 16:26:050.07302,114200.00O
2024-02-28 16:20:140.07150,150100.00O

Vast Resources (VAST) Top Chat Posts

Top Posts
Posted at 28/2/2024 08:20 by Vast Resources Daily Update
Vast Resources Plc is listed in the Nonmtl Minrl Svcs, Ex Fuels sector of the London Stock Exchange with ticker VAST. The last closing price for Vast Resources was 0.07p.
Vast Resources currently has 5,571,644,142 shares in issue. The market capitalisation of Vast Resources is £3,342,986.
Vast Resources has a price to earnings ratio (PE ratio) of -0.32.
This morning VAST shares opened at 0.07p
Posted at 28/2/2024 14:02 by harps01
Was that in the same RNS where they stated,'also with the expected rise of the Company's share price in the light of these developments.....If the share price has risen materially above the current share par value of 0.1p by the time of the General Meeting the Resolution reorganising the share capital of the Company (Resolution 3) may be withdrawn'

Well it's gone really well. One day before GM and looking at approximately 30% reduction in share price Shows what the market thinks of BoD and progress made.
Posted at 18/2/2024 13:34 by gold finger 1
Just seen this on LSE.

"How are they going to raise more than twice the current market capitalisation in a new share issue at anywhere near even the current share price?".

Well the reply was they will not need the amount you are saying.

When in fact the reply should have been. The current Market cap has nothing to do with how many shares they would like to add. Lets say the market cap is £4m. they do a consolidation at 6 to 1 so the market cap then stays at £4m but instead of having 5.7b
Shares they would have 928million share. but instead of the share price being 0.07p it would be
0.42p. So that is the price. At the time of consolidation. no movement in the price at all. But that would mean they could dilute, any amount they could get away. that is the main point to take away. They may wont to requested to issue, up to a nominal value of £8,400,000 of share capital. But that does not mean they need or wont to dilute by that much. I would say it very unlikely they would get that amount away in one go anyway. So if you believe that Alpha and Mercuria are going to call in their lone on the 29th then you would be mad not to sell. Vast are more than likely going to ask for US$1 million for working capital than $10.5m. AIMO.
Posted at 16/2/2024 14:44 by gold finger 1
the_preacher16 Feb '24 - 13:33

"Subject to the completion of the first sale under the Platinum Group Metals Agreement the owner of the Swiss investment Company owning the high grade PGM concentrate has indicated a firm interest in providing major restructuring finance to the Company, partly through debt and partly through equity to be issued at a higher price than the current share price"

This is yet another little gem that was in that RNS.
I expect news of this
This was said in the RNS when the news broke.

As part of this arrangement, and on behalf of the Swiss investment company, Vast has received an offer from the Nikash Group to purchase PGM concentrate containing on average 15% platinum plus other payable materials and which is being marketed as a platinum concentrate. Under the offer, Vast will arrange the sale and delivery of, on average, two tonnes of high-grade platinum concentrate per month over a period of up to one year. Independent assays have been performed by the seller corroborating the grade of the platinum concentrate at 15% and execution of the final sales contract with the Nikash Group will be dependent, amongst other matters, on the buyer concluding its internal assays and inspection of the product. The estimated sales value, based on seller assays, is expected to exceed $100 million.

So 2.5% a year for vast, comes to $2.5m a year. vast have a three year contract at this time. So $7.5m over the 3 years. could pay off any finance and interest they would have to pay. So paying of any debt vast take from them. SO if they took $6m debt from them, at 20% would be still only give a total of $7,200,000.

· Good progress is being made on independent assays of the platinum concentrate for the benefit of the buyer pursuant to the Platinum Group Metals Agreement announced on 22 January 2024 with a Swiss investment company, which if the results are confirmed as expected, could result in a first sale by the end of the month thus immediately generating revenue from the arrangement.


· Subject to the completion of the first sale under the Platinum Group Metals Agreement the owner of the Swiss investment Company owning the high grade PGM concentrate has indicated a firm interest in providing major restructuring finance to the Company, partly through debt and partly through equity to be issued at a higher price than the current share price.

I see a very bright future
Posted at 16/2/2024 13:36 by bionicdog
Oh dear.

the other thread is for trolls - Post 21505 VAST Vast Resources Plc the_preacher 08 Feb 2024 11:12 3 1
the_preacher
This will now move up as the overhang from the placing clears and there is more positive news.

the other thread is for trolls - Post 20927 VAST Vast Resources Plc the_preacher 31 Jan 2024 14:53 1 1
the_preacher
It could be almost time to go all in here.

the other thread is for trolls - Post 20924 VAST Vast Resources Plc the_preacher 31 Jan 2024 14:51 2 1
the_preacher
Andrew has done an amazing job in very difficult circumstance, sure it has taken longer than expected, but if you look at the accounts carefully you

the other thread is for trolls - Post 20546 VAST Vast Resources Plc the_preacher 26 Jan 2024 19:55 6 2
the_preacher
Big news is coming very soon. This could easily be 1p in the next couple of months.

the other thread is for trolls - Post 17182 VAST Vast Resources Plc the_preacher 01 Dec 2023 10:46 6 1
the_preacher
Lots of panic selling here. There will be an operational update with good news next week.

the other thread is for trolls - Post 15156 VAST Vast Resources Plc the_preacher 03 Nov 2023 12:51 2 1
the_preacher
Zim news hxxps://www.herald.co.zw/vast-to-auction-diamonds-held-by-rbz/

the other thread is for trolls - Post 15085 VAST Vast Resources Plc the_preacher 02 Nov 2023 11:57 4 1
the_preacher
500 tonnes inventory, cash from placing and diamonds pending. This is going up.

the other thread is for trolls - Post 14246 VAST Vast Resources Plc the_preacher 17 Oct 2023 09:13 3 1
the_preacher
It's pretty obvious that they have been holding back good news which is likely to be released any time now.

the other thread is for trolls - Post 10297 VAST Vast Resources Plc the_preacher 07 Aug 2023 21:26 2
the_preacher
I would guess that new deadline would allow for the recovery of the diamonds AND their subsequent sale.
Posted at 15/2/2024 12:18 by gold finger 1
The Directors would like to stress that the authority is required in order to give comfort to the Creditors. With the near term prospect of receipt of the historic parcel and the benefit of current discussions with the owner of the Swiss investment company, and also with the expected rise of the Company's share price in the light of these developments, it is not expected that a material proportion of the requested authorities will be required in practice, or if required not at prices similar to the current share price.

This is the first time they have ever said this, "also with the expected rise of the Company's share price in the light of these developments". As i have indicated before, Once this debt is sorted the share price WILL rise on this news alone. Then the share price will be free to rise on its merits. If you are, of a nervous disposition, please dont buy in. we have enough get rich quick trolls on here, that lost and cant take that investing is not about just being a winner.Then looking to blame anyone but themselves.
Posted at 14/2/2024 14:06 by dexdringle
"With the near term prospect of receipt of the historic parcel and the benefit of current discussions with the owner of the Swiss investment company, and also with the expected rise of the Company's share price in the light of these developments, it is not expected that a material proportion of the requested authorities will be required in practice"

Sounds like both the capital raise, and the 6 for 1 consolidation, are the board just creating options just in case. The share price falling by such a percentage on the back of that is ridiculous. The board even say they expect such affirmative options to create an increase in the share price (on the back of "we have a plan" as opposed to "we have no plan").
Posted at 13/2/2024 13:51 by gold finger 1
So i have been looking at another company to compare against vast.
For the simple reason that trolls say there are too many shares in circulation.
Well this share has 10.49b shares, has a market cap of £11.02m. today it has a rise of 16.6%. With a volume today of 34m. with a nav of 0p.

Vast have 5.57b shares. Almost half the shares. vast has a market cap of £5.29m. Lets call that half again. while vast have a volume today of 75m, So more than twice as much volume. today is a slow day for vast.
Vast also have a NAV of 0p. But vast are down 2.56% today.
Both have no news today.
Posted at 13/2/2024 08:33 by harps01
The directors have not gone out to destroy the share price. From their communications etc they are always trying to boost it. Unfortunately their actions to date and to some extent outside parties (one example take Atlas) have meant there has only been one way for this share price to go over past 5 years. The majority of people have seen this and sold at a loss or been lucky and managed to sell in one of the recent past spikes. Those who have held will of course say not made a loss until they sell, but honestly are they going to see a share price in excess of 7-10p in the next year, let alone 20p area which you were looking at just 3-4 years ago.I would have to look back but I think you will find the directors have invested millions into the company pre consolidation and are unlikely to ever see a return. I think they have no choice in view of the position they find themseve. Just take the share placement in April 2019 (pre consolidation) 7.4 million bought by Andrew Prelea and 29.6 million by Finance Director Roy Tucker. Probably looking at spending around £10,000 and £40,000 respectively. Taking share consolidation into account values would be £1,000,000 and £4,000,000 if they held the same number of shares but we all know this is not the actual position. Their overall shares were a lot higher 39.2 million shares or a 0.5% stake for AP while Tucker had 69.6 million shares or a 0.9% stake in the company's enlarged share capital at the time. Basically company has had to do placememt after placement to keep lights on and those original shares are now worthless. No point in talking about the past provided we learn from it.

The position is whether Vast can kick on with these new ventures and whether they can actually turn around BP. The diamonds are vital to keep the company afloat and for us investors to see a decent return.
Posted at 10/2/2024 13:43 by harps01
Kemche I thought you had filtered me (on more than one occasion). Please do so as don't want to engage with someone who thinks I'm a shorter ot just reacts to filtered when views don't match your own. Think I've stated before very few shorters in Vast, if any now at this share price People using spread bets would also be unwise to short in view of Parcel of diamonds. Can't see anyone doing so as the risk well outweighs any returns in my view.

For others I'm still invested and believe Vast can have a bright future provided they can address their production issues. Don't believe company are trying to keep the share price low and they have tried to increase share price on a number of occasions whilst they get away share placements. The last thing BoD want is share dilution but it's a necessary evil whilst they try to increase production to balance the books.
Posted at 10/2/2024 07:35 by harps01
AP is no fool. The share direction has been one way over a number of years. I believe recent share purchase during equity raise was also out of deferred payment owed to AP which was unlikely to be paid in view of losses being made. Please let me know if I read this incorrectly. He probably thought diamonds around the corner and would make a return on investment. I think he will but share price currently approximately a fifth of his purchase price at 0.55p

It's possible David Ian Jones purchased his shares for a lot more than £250,000 depending on when he invested but the market cap was a lot higher as well.

The truth is there are not any real big individual investors in Vast. Vast needs to demonstrate it can generate cash, not just live from one placement to the next. A previous CEO with AP did a presentation and stated Cash is King when asked about the share price and when it would increase. Only when they could demonstrate to the market cash flow generation over a number months would they be taken seriously and see larger investors including IIs. The same applies today.
Vast Resources share price data is direct from the London Stock Exchange

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