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VAST Vast Resources Plc

0.07
-0.0025 (-3.45%)
Last Updated: 08:19:33
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Vast Resources Plc VAST London Ordinary Share
  Price Change Price Change % Share Price Last Trade
-0.0025 -3.45% 0.07 08:19:33
Open Price Low Price High Price Close Price Previous Close
0.0725 0.07 0.0725 0.0725
more quote information »
Industry Sector
MINING

Vast Resources VAST Dividends History

No dividends issued between 21 Nov 2014 and 21 Nov 2024

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Posted at 20/11/2024 21:33 by emrysiorweth
Government Agrees to Hand Over 129,400 Carats of Diamonds in a Legal Settlement

October 16, 2024

editor

Business Correspondent

Zimbabwe’s government has approved a settlement agreement to resolve the long-standing dispute over 129,400 carats of diamonds belonging to Vast Resources, a London Stock Exchange-listed mining company.

The diamonds have been held at the Reserve Bank of Zimbabwe (RBZ) for over a decade, following claims that Vast exploited them on claims previously owned by De Beers, which left the diamond fields in 2006.

After a legal deadlock, the Supreme Court ruled in favor of Vast, and the Attorney-GeneralR17;s Office in Zimbabwe has now approved the terms of the settlement agreement.

Vast has agreed to withdraw legal challenges and sign a new mining agreement with the Ministry of Mines and Mining Development.

Key Points of the Settlement Agreement:

Withdrawal of Legal Challenges: Vast will withdraw its appeal in exchange for the return of the diamonds.

New Mining Agreement: Vast will sign a new mining agreement with the Ministry of Mines and Mining Development.

Return of Diamonds: The RBZ will return the 129,400 carats of diamonds to Vast.

Vast Resources’ CEO, Andrew Prelea, has expressed appreciation for President Emmerson Mnangagwa’s administration’;s commitment to resolving legacy issues.

The company plans to sell the diamonds through a tender process and refocus its attention on other opportunities in Zimbabwe.

Zim GBC News©2024
Posted at 20/11/2024 14:32 by g2theary
Not even banking on this for the short term rise ...Government Agrees to Hand Over 129,400 Carats of Diamonds in a Legal SettlementOctober 16, 2024 editorBusiness CorrespondentZimbabwe's government has approved a settlement agreement to resolve the long-standing dispute over 129,400 carats of diamonds belonging to Vast Resources, a London Stock Exchange-listed mining company.The diamonds have been held at the Reserve Bank of Zimbabwe (RBZ) for over a decade, following claims that Vast exploited them on claims previously owned by De Beers, which left the diamond fields in 2006.After a legal deadlock, the Supreme Court ruled in favor of Vast, and the Attorney-General's Office in Zimbabwe has now approved the terms of the settlement agreement.Vast has agreed to withdraw legal challenges and sign a new mining agreement with the Ministry of Mines and Mining Development.Key Points of the Settlement Agreement:Withdrawal of Legal Challenges: Vast will withdraw its appeal in exchange for the return of the diamonds.New Mining Agreement: Vast will sign a new mining agreement with the Ministry of Mines and Mining Development.Return of Diamonds: The RBZ will return the 129,400 carats of diamonds to Vast.Vast Resources' CEO, Andrew Prelea, has expressed appreciation for President Emmerson Mnangagwa's administration's commitment to resolving legacy issues.The company plans to sell the diamonds through a tender process and refocus its attention on other opportunities in Zimbabwe.Zim GBC News©2024
Posted at 18/11/2024 13:38 by gold finger 1
It sounds to me reading all the latest RNS that vast are just looking for new finance to cover the existing. That would then give vast the money they finally get from the diamonds (around $12m +) to finance a great deal of expansion. I am not of the believe that vast wont rise till finance or the diamonds appear. Once money starts to drop into vasts bank will be the start. imo.
G2theary

I have no idea what lies the dog is coming out with, but from what you have posted.
Its clear that he is just a liar. Throw some ludicrous comment out there and hope he gets a response. He and his other trolls are just best filtered imo.
Posted at 16/11/2024 12:46 by iceagefarmer
vast are producing zinc concentrate but its gone quiet of late..this was october 2023 announcement : At the Takob processing project, Vast announced the loading of the first shipment of 136 dry metric tonnes of lead and zinc concentrate for delivery to off-taker Trafigura. This is a significant milestone for the project as Vast has now completed all necessary logistics for shipments of concentrate out of Tajikistan. With the logistics in place, Vast said it expects regular shipments in the future.
Posted at 16/11/2024 08:08 by gold finger 1
Let us just look at some of the facts.The trolls say that the management are only in it for what they can make, this is a lie the management are owed a lot of money in back pay. If the company goes under, so follows the money they are owed. People like AP have invested millions of their own money into vast. Last I read was AP Had invested over 5m pounds, of his own money.The naysays will laugh and say he got that money from vast. Not true. They also laugh at the fact that he has lost most of this investment. Now let's look at the fact they say AP loves a placing. Even though they have effected him more than anyone else. Well if he can't get decent finance what is he ment to do. Let the company go under. Well that's what the naysays would like to see happen. AP has had to get vast to wear it is today on a very tight shoe string. He is still working on a very tight budget. The management have worked tirelessly to get JVs for free, yes free. To bring in money to help with the finance.These finances take time to come to fruition. They don't happen overnight. Some will l know doubt will fail. But if you don't try you will always fail. Some of these projects are about to show a profit. Some will show a very small profit. The naysays will make a lot out of Some of these results. But when you have a very small market cap. A small profit is better than no profit. The best deal vast has done is for the processing of the ore from the tailing in Romania. This will be a big paying agreement they have taken on. The market has ignored this one. But it will help take BP lnto break even or profit very soon.As for the gold jv they have in Tajikistan. That is showing great results, the market has decided to also ignore this. But sooner or later they won't be able to ignore it. They can also ignore the progress being made at BP and the return of the historical diamonds from Zimbabwe. So the market have basically chosen to ignor everything. The market cap is under £2m now. Even with the worst set of results, showing a revenue of over £2m. The market cap should be at least as high as that.Not one thing has been priced in for future growth. The courts were used to get a restructuring done. They were happy to see the progress made at BP. Ignored again by the market.If people don't want to invest, that is up to them. But it appears someone is buying millions. I am also sure that all those buys showing as buys are not. I would say some are sells. They may be investors selling. But imo they are the buyer selling some to keep the price down. If it is not that, and some are selling. With whoever is buying is happy to take them. AIMO.
Posted at 15/11/2024 13:00 by bionicdog
Oh dear.



PREMIUM CONTENT

Vast Resources: when is the announcement?
It is now 1 day shy of a month since Vast Resources (VAST) last did a placing, raising £750,000 at 0.1p, par. The shares are now 0.0725p not that the places care as they all forward sold or, in a few cases, flipped. But history suggests that Vast now needs to be back at the trough by mid January or, finally, the Fat Lady sings. However…
Posted at 13/11/2024 08:07 by gold finger 1
Its interesting that vast always say. Vast Resources is focused on the advancement of our assets in Romania, Zimbabwe and Tajikistan.
Yet to my knowledge, they have no asset in Zimbabwe. Ap has never given up on getting that Zimbabwe asset returned.

So its been over a month since we were advised by RNS of this.

10 October 2024

Vast Resources plc(‘Vast̵7; or the ‘Company’;)

Corporate Update

Vast Resources plc, the AIM-listed mining company, wishes to announce with respect to its announcement released on 23 September 2024, that the Attorney-GeneralR17;s Office has approved the terms of a settlement agreement relating to the Historic Claim and has recommended this to the relevant Governmental Institution for signature in order to resolve this longstanding matter. Accordingly, the fully executed settlement agreement is currently awaited to enable the Company to complete the process of recovery. Shareholders will be advised of further developments, but Shareholders are also reminded that whilst the Board remains confident, there can be no guarantee of a successful outcome.
I doubt anyone can give a time frame, when this will be complete. Governments move at there own pace. Slow.
Posted at 04/11/2024 15:52 by gold finger 1
Oilisgold.

You sat you dont trust AP. Yet who has spent the time to get these diamonds back. Along with spending years trying to get finance. He has also got over the the last 12 months, JVs to bring in money, for free. He has also got a mine up and running. As for vast being in the same situation as the majority of AIM companies. Vast have been able to get placings away for one reason, and one reason only. They had a very good asset in BP. If they had not had this asset, that the CEO and the other managers have worked on they would have gone the same way as all the shares DOG has recommended on here over the years. Remember he lost a great deal of money here many years ago. He blames everyone but himself for his loss. At the same time he wants everyone invested to lose like he did. Why do you think he has spent all these years posting lies about vast. But now vast also have a few other lines of income added to their bow now also. Anyone that thinks AP, who has invested over 5m of his own money into vast. Has not been working hard to get the company, to where he wants to get it, is deluded. Over the last coming up to five years. While he has been working to get BP up and running. He has had covid restrictions to contend too. banks wasting his time, regarding finance. While at the same time having a war going on, on the doorstep. Yet he has kept going, while growing vast. All this in countries that are not seen as favourable Jurisdiction. Hence the reason why its been very difficult to get good finance. The war will soon be over, while imo the jurisdictions will become more favourable, over time. Yes it been very painful for PIs over the years. But they have good management here. Good assets, and very little debt. Anyone buying in at this level will do very well, imo. Why do you think there has been a very big buyer in the background. May be they are mad, or very clever. But one thing is for sure they will know a lot more than any of us whats going on.
Posted at 03/11/2024 11:44 by gold finger 1
Look at the charts. they dont make good reading. At the same time look back at the progress that has been made over the last 4 years. As the naysayers will say look at the dilution, that has happened in this time. But that is a good reason to buy now imo. Why do you think the share price is so low. But that dilution is good for you, as you would be buying in after all this dilution, and gaining all the progress that has been happening, over the last 4 years. Not many companies get anywhere near to production.
That was a big negative for the naysayers back in history, They loved telling people vast would not get the production licence, they did, they would not get to production. They did. But every target that vast set, they said they would not achieve it. but they have. Even up to a few week ago they were claiming vast would not get the 5 year production licence increased. Even when they announced it had been granted, they tried to say it not been granted to vast. The $12m + diamonds have been said for the last 20 months, that they dont exist. So makeup your own mind. The info is all in the RNSs.
Vast do have debt at this moment of about £7m. Yes that is all, for a company that has a mine up and running, A production plant,up and running. Along with paying for a drilling campaign that has been going on over the last 18 months. This was done to get the 5 year extension licence, Also to firm up the drilling to add reserves for a Jorc compliant resource. They also hold other assets that are also very near term assets. But like good management, they are conserving money, so are concentrating on the near term cash generating assets. But dont forget that £7m debt. Also that dilution. But also dont forget the possibility of of getting those $12m+ diamonds. finally getting a finance package. Along with those drilling results. Not sure why we have not heard any of those assays results yet. But as they needed them to get the 5 year licence extension, and the fact they got it. Must mean they were good.
I am just giving anyone a short look at what been going on here. I am nottrying to get anyone to buy. I will now leave it to the naysays to try and convince you not to buy.
Posted at 24/10/2024 07:53 by gold finger 1
23.10.24
A vast opportunity in Tajikistan


“…Tajikistan is an incredible country. It’s got incredible grades. It’s got gold, silver, antimony, uranium, rare earths. There’s a wealth of mineralization in country. So there’s ample opportunity for VAST to further its footprint within Tajikistan…221;


Look down the list of who is attending Tajikistan’s first International Investment Mining and Metallurgical Forum and you’ll see representatives from the great and the good of mining companies, heads of state, offtakers and among the VIP guests is Vast Resources’ CEO Andrew Prelea.

Vast already has a presence in central Asian country where it is involved in a joint partnership at the Takob fluoride and galena mine. Vast is all about increasing production there and has beefed up the expat presence that has the technical know-how who will expedite recoveries of metals including silver and gold doré. Currently Vast receives a 12.25 percent royalty over sales of non-ferrous concentrate and any other metals produced there, and Prelea wants to demonstrate the UK-listed company’s capabilities as Tajikistan, he says, is ripe with opportunity.

“Tajikistan is an incredible country. It’s got incredible grades. It’s got gold, silver, antimony, uranium, rare earths. There’s a wealth of mineralization in country. We’ve made tremendous strides within the country. We’re working very close with government there.

We’re a strong believer there are 700 mines that were explored during the Soviet era and only 17 mines in operation. They’ve got the second largest silver mine in the world. They’ve got the second largest antimony mine in the world. None of those are being operated or produced producing at the moment. So there’s ample opportunity for Vast to further their footprint within Tajikistan.

Tajikistan presents further revenue stream alongside concentrate sales from Vast’s Baita Plai Polymetallic Mine in Romania where optimisation measures have reduced break even parameters. “Break-even down to about 130 tonnes of copper concentrate”, says Prelea “and with the reduced cost, the reduced workforce, the higher-grade attack, rather than bulk mining, we’re going into narrow vein and concentrated mining. That will bring down the overhead cost, the cost of production and therefore bring it back into a profit centre.”

I like this bit.

We’re a strong believer there are 700 mines that were explored during the Soviet era and only 17 mines in operation. They’ve got the second largest silver mine in the world. They’ve got the second largest antimony mine in the world. None of those are being operated or produced producing at the moment. So there’s ample opportunity for Vast to further their footprint within Tajikistan.

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