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
  -0.01p -3.51% 0.275p 0.26p 0.29p 0.285p 0.27p 0.285p 16,392,218 08:36:13
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 5.0 -10.8 -0.7 - 8.80

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Vast Resources (VAST) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
30/09/2016 16:29:450.291,618,9654,678.81O
30/09/2016 15:56:180.29500,0001,440.00O
30/09/2016 14:53:120.27128,228348.14O
30/09/2016 11:35:180.29280,000806.40O
30/09/2016 11:30:330.27285,398773.43O
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Vast Resources (VAST) Top Chat Posts

DateSubject
01/10/2016
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 0.29p.
Vast Resources PLC has a 4 week average price of 0.29p and a 12 week average price of 0.28p.
The 1 year high share price is 1.60p while the 1 year low share price is currently 0.14p.
There are currently 3,199,218,568 shares in issue and the average daily traded volume is 29,380,590 shares. The market capitalisation of Vast Resources PLC is £8,797,851.06.
19/9/2016
11:47
bikwik: Well, some two way trade this morning, with greater volume of sells than buys. To be expected though with the price now at the range highs of 33-34p seen during August. Fast Stochastic is overbought as you can see and therefore we could see a dip back for a few days maybe. It could of course have another flip up today before it does so. I would say though that this is a particularly nice base pattern and notice how the trend has been gradually higher since the two week correction from the early July spike peak. Seemingly, and with good reason, (finance sorted and operationally looking good) people are not willing to keep selling like they did on the two moves below 0.20p (also the market makers are keeping the stock in tighter ranges). This in my opinion bodes well for a nice sustainable rise, though whether we have to see a bit more backing and filling before that occurs i don't know. Certainly the fact that the MACD (which is not particularly overbought) has been trading at or over the zero line (scale on the right) reflects the more positive trend seen since July. The MACD was below zero prior to July when the price was in a bear trend. I have put three moving averages on the chart. Notice how they have converged and have started to tip up. The longest is a 100 day which admittedly has not turned up by much yet, so maybe we are not quite ready to storm off to the stratosphere. However, the share price moves the average so this could happen soon. The averages could continue to remain in a tight range, but that is not usual. What happens is that they splay out as the price begins to trend...up or down. Personally I would have thought that the next important trend is going to be up. Some people i expect are trying to finesse their positions in VAST by selling on rallies and buying back on dips. That works for a while. However, I just get the feeling that the opportunity for such a stategy may now be on borrowed time. I suspect that if we dip back now, then this may be the last before the bull run starts.
09/6/2016
17:31
fairlight: Yorgi - normally I believe that the directors should be left to run a company - however we consider that the record of the VAST BoD since last September has been very poor. There are numerous reasons I could go into but all you have to do is look at the share price!. The directors are in South Africa and it is clear they lack the expertise to manage a company on the AIM market. There has been serious errors of judgement with regard to financing and the PR and RNS release has been inappropriate - too complex and too infrequent - the PR has been dreadful they have been poorly advised also it would appear. Many of us see the huge potential with the company but are obviously frustrated with the recent developments. The share price is 10% of the level of 9 months ago - things need to change - the BoD are silent they should be being proactive to get the share price up so we can get the finance in place to produce at BP when the licence arrives. We are at a critical point in the development of this company and they appear to be doing nothing. I am not saying the whole BoD should be replaced - but we need to get something done to reverse the downtrend as the BoD are not.
16/5/2016
18:24
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
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
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.
21/3/2016
16:30
lazygun: The point is snowman, mkt cap is now 6.5 mill. Crede get 1.25 mill in new shares, so their percentage of the enlarged capital will be roughly 16% of shares. What do you think is going to happen when crede dump 16% on the market which is already swamped with shares. Let's not also forget that they'll have even more via the warrants. If the share price stays as it is by the time they take their third tranche, they'd have roughly 41% of the shares, so they'd have to dump around 15% in total (2.5 million in shares, divided by enlarged mkt cap at today's price is 6.5 + 2.5). So 2.5 mill / 9 mill mkt cap is around 40%.... With all those shares of ingonto the market progressively over next 3-6 months, there's only one way the so is going. Even if they were to make announcements on production, that's only going to serve to delay the downward spiral, until crede have exhausted all their share and warrants... And as the share price goes down, crede's effective %age shareholding goes up, which means even more shares that they'll have to sell.... L.
17/3/2016
22:48
themattbarnes2: Here's the piece I wrote about the warrants warrants coverted - 32,200,000 shares got from the conversion - 55,005,650 Both of these figures from yesterdays RNS. Ratio of shares to warrants converted - 1:1.70825 In the following file reference is made to the interest rate risk being 2%. This is the only place i have seen mention of this number, which is one consituent part of the BSV calculations. vastresourcesplc.com/wp-content/uploads/2016/01/Circular-20.01.16.pdf So we know the conversion ratio is 1:1.70825 And we know the BSV on 2% interest is 0.686 Got from here: www.mystockoptions.com/black-scholes.cfm The terms say: "Black-Scholes Value" means the value of an Investor Warrant calculated using the Black-Scholes model, where the volatility shall be 135 per cent., the term of the Investor Warrants shall be deemed to be 60 months, the stock price shall be the closing bid price of Ordinary Shares on the trading day immediately preceding the Investment Date and the option price shall be 130 per cent. of the Subscription Price. So numbers used are 2% interest 1.35% risk 0.8p share price 1.04p strike price This gives a BSV of 0.6863. This number will not change for the rest of these warrants. Still with me? Next step from the RNS: "subscribe for such number of new Ordinary Shares calculated by dividing the aggregate Black-Scholes Value of the Investor Warrants held and to be exercised by the Investor by the closing bid price of Ordinary Shares on the trading day two days prior to the date on which the Investor Warrant notice is issued" So we know the ratio is 1:170825 I believe the BSV is 0.6863 So the closing bid price must have been 0.402p Because 0.6863 / 0.402p = 1.170825 So the 32,200,000 warrants got converted to 55,005,650 shares. Now, how much was paid: From every single RNS on the issue: "subscribe for such number of new Ordinary Shares ... at a price per Ordinary Share equal to the Black-Scholes Subscription Price payable in full on the trading day the Investor Warrant is exercised. So they paid the BS Subscription price. Which is: "Black-Scholes Subscription Price" means a price per new Ordinary Share equal to a deemed nominal value of £0.001 per Ordinary Share on the trading day the Warrant is exercised. So they paid £0.001 per share. Now the subject of the admin payment. This i have only seen referenced in the PDF above: "Commission For each subscription of Subscription Shares ... by Crede Capital, a commission equal to 10 per cent. of the aggregate purchase price for the relevant Subscription Shares may become payable by the Company to Crede Capital in the event that Crede Capital subsequently subscribes for Black Scholes Conversion Shares, under the terms of the Warrant Instrument. The Commission payable shall
23/10/2015
17:36
jayfella72: Posted from LSEBroker target 4p.This morning we learnt that Vast Resources Plc (LON:VAST) plans to re-commission a second mill at its Manaila polymetallic mine operation in Romania to increase production capacity from 10,000 to 20,000 tonnes per month. The re-commissioning of a second mill is set to cost an estimated US$0.2m, to bring total CAPEX for phase one up to an estimated US$1.9m, which is still a very modest figure and expected to be funded from existing Group cash resources and project cash flow. The Company also encouragingly revealed that operating costs to date are "lower than expected". Vast said it had successfully been granted a three year licence renewal at Manaila. This will now enable Vast to apply to extend the licence area to adjacent ground to increase the resource, which is considered to be mineable from open pit methods. Comment from Dowgate Capital Our recent research note on 8 September 2015 placed a net valuation of just US$18.8m on Manaila, which is based upon a comparison with Vast's other Romanian project, 'Baita Plai' (valued at US$53.1m) and a valuation risk discount of 30%. Given the progress being made at Manaila and lower operating costs, we believe the valuation risk discount should be much less, around 15%, which computes to a revised value of US$22.9m. We may be able to shortly convert Manaila's valuation into an NPV based estimate, which should further enhance the valuation for this mining project. By adding our existing valuations for Baita Plai (US$53.1m) and the Zimbabwe gold projects (US$38.5m), we arrive at an estimated total Group value of US$114.4m. This equates to 4.0p# per share, which is slightly lower than our previous 4.3p price, due to additional shares now in issue and remaining estimated debt of US$3.8m being converted at a lower notional share price, because of a lower prevailing market share price. We still believe the market is mis-pricing Vast as an exploration play rather than as a mining company. It would also seem that investors are too worried by macro mining concerns rather than focusing on the positive advancements being achieved by companies such as the appropriately named 'Vast Resources'. With the Company now firmly at the mining operation stage from two projects (Manaila and Pickstone-Peerless in Zimbabwe) and a third potentially being added at 'Baita Plai' in the coming months, we recommend Vast Resources as a Buy with a price target of 4.0p per share.
15/8/2015
17:39
themattbarnes: Good publicity:onefreesharetip.comSpeculative buy Vast Resources says Robert TyermanRob Terry, Quindell and the Bahamas Financial Criminals – please tell us all Rob? HEREVast Resources (LSE:VAST), the AIM-quoted mining hopeful with interests in Central Africa and Eastern Europe, has begun blasting at its 1.8 million-tonne Manaila polymetallic mine in Romania. The company, formerly African Consolidated Resources, will seek to take production there towards 10,000 tonnes of ore per month, having passed what chief executive Roy Pitchford hails as 'a landmark day in the life of Vast'. Having trebled since early this year to a share price of 1.53p, Vast's shares put a value of £18.3 million on the company, but how much upside is there from here?Vast, whose Romanian foray has involved taking 50.1% of the somewhat troubled local company owning Manaila, which was estimated by Russian calculations as potentially containing 0.95% lead, 1.86% zinc, 21.17% copper and gold at 0.63 grammes per tonne of ore. Floated in 2006 at 12p as Afcon and now steered by Pitchford, a seasoned sector player and onetime boss of Zimbabwe Platinum, Vast has put in $1 million (£640,000) to pay off the local company's creditors and prepare for open pit mining and upgrade processing facilities.Vast, which lost £7 million in the year to March 2014 and raised £1.26 million last month at 1.2p, has also paid E 1.2 million (£800,000) for80% of insolvent concern Mineral Mining, owner of Baita Plai, previously known as Baita Bihor, another polymetallic Romanian mine, in the Apuseni mountains in the mining region of Transylvania. The company is stumping up another E500,000 to pay for electricity, process facilities and salaries at this mine, which, according to Russian calculations, also held 1.8million tonnes, with copper, lead, zinc, gold, tungsten and molybdenum at a copper-equivalent combined grade of 6%.Back in Zimbabwe, where Vast has its origins, the company has a 50% interest in its flagship project, the Pickstone Peerless gold mine, 100 km. from the capital, Harare. Pickstone Peerless claims a formal reserve of 3.56 million oz. with a modest 1.8 grammes of gold per tonne of ore and a reserve of 102 million oz. at 1.9 grammes a tonne and Pitchford has said the mine could 'wash its face' even if gold fell from its present depressed $1,117 an ounce to as low as $900 an ounce, with a hefty boost to eventual profitability at higher levels.Vast's geographic spread of interests is clearly opportunistic. Mineral-rich Zimbabwe seen as offering great potential provided moves there towards commercial and even political normality gather pace, while Romania either complements that or makes up for it if things do not work out.One intriguing, if remote, possibility could lie in Zimbabwe's Marange diamond fields. Vast as Afcon discovered them and has claims, but politicians have intervened and the company, though it has not formally given up its claims, is not counting on anything happening.The shares continue to have medium-to-long-term speculative potential, despite clear country, project and commodity risks.
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