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
  -0.025 -7.81% 0.295 0.29 0.30 0.325 0.295 0.33 183,108,005 15:55:22
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 2.6 5.4 0.0 - 27

Vast Resources Share Discussion Threads

Showing 22001 to 22022 of 22025 messages
Chat Pages: 881  880  879  878  877  876  875  874  873  872  871  870  Older
DateSubjectAuthorDiscuss
24/1/2020
15:57
I'm hoping for some update before the end of the month, so by next Friday
nasarsaddique
24/1/2020
15:49
big one is delayed but I suppose we lie in wait
edjge2
24/1/2020
15:36
No idea, hope so.
nasarsaddique
24/1/2020
15:25
Rns soon to be released then Nasar..
demonboy
24/1/2020
15:18
oh well a little progress, maybe later next week. But AP is getting closer, funding worries a bit. Carla1 what do feel about vast? I suppose if it goes to 29 again I'll be looking for a top up.
edjge2
24/1/2020
11:32
https://miningzimbabwe.com/vast-finalises-financial-deal-for-chiadzwa-diamond-venture/?amp&__twitter_impression=true
nasarsaddique
24/1/2020
11:27
Vast Resources need the Atlas funds ASAP Vast has been struggling to get enough and stable funding for several years. In 2018 the company signed the Mercuria take-off facility, but in Jan 2019 Mercuria refused to payout the 2nd tranche of the facility. Vast made a CB deal with Bergen, but after a few months, Bergen pulled the facility as the stock traded below the share price threshold. In the spring of 2019 Vast sent out several RNS about a potential Swiss bank loan, which never happened. In Oct 2019 Vast announced that it had signed a $13.5m CB facility with Atlas Capital Markets. The facility was conditional on AGM approval, which was received, a standstill agreement with Mercuria which Vast hasn’t written clearly if it has been achieved or not. The 2-4 tranches are also dependent on receiving the Zimbabwe diamond concessions and certain progress. Vast has made several smaller placing to cover ongoing cash burn. - 2 Jan 2020, Vast announced “the Company has submitted a drawdown request for the First Tranche Issuance to Atlas” this would clearly indicate that all conditions had been received and that the money would transfer in days. - It's now 24 Jan, 22 days have passed since the drawdown request, it is starting to look like something has gone wrong with the drawdown or that Atlas is not willing to provide the funds. - Based on Vast cash position as of 31 Oct 2019 and historical cash burn, Vast would need the Atlas money immediately. - Cash situation: - £1216k cash as of 31 Oct 2019 + £50k from warrants exercising - £384k cash burn per month (H1 cash burn £1959k SG&A+£345k cash interest) - £114k estimated cash as of 31 Jan 2020 (3 months of £384k in cash burn) - This calculation assumed no capital expenditure, this is unrealistic as Vast spent £1184k in the past 6 months period on PP&E, and it’s fair to assume that there has been capital expenditure in the past three months as well. The bottom line is that Vast will have at the end of the month around £114k in cash (estimated) which would cover less than 2 weeks of cash burn. If the company doesn’t receive the Atlas funds very soon, they will probably have to do equity raise.
easybrent
24/1/2020
10:33
But you note that he has paid someone to censor the posts here!
jaknife
24/1/2020
10:33
Atlas funded Bmn in 2017 price rocketed there
hope67
24/1/2020
10:32
To be honest JakNife it was a little childish of me and involved a bit of toilet humour on AP's behalf. best left alone!!
rookie666
24/1/2020
10:25
Post it again rookie666 and I'll repost.
jaknife
24/1/2020
10:24
I didn't think that was worthy of moderation!!!
rookie666
24/1/2020
10:04
hxxp://www.arenaco.com/firm/
hope67
24/1/2020
10:00
hTtps://www.linkedin.com/in/mustapharaddi/?originalSubdomain=uk
hope67
24/1/2020
09:57
ACM is based in London and has a joint venture company Atlas special opportunities LLC with U.S investment firm Arena Investors LP, an investment fund based in New York. Arena is managed by a team of experienced professionals that has originated structured and managed over $10bn in special situation financing and asset-orientated investments globally. Founded by Mustapha Raddi in 2012 and co-managed with Charles Ofori. ACM takes pride in the relationship fostered with each portfolio company and the added value we bring in expertise and strategic introductions in addition to our invested capital. ACM’s management has over a decade of experience and has executed numerous deals across Europe successfully.
hope67
24/1/2020
09:04
Still are.
nasarsaddique
24/1/2020
08:55
seem to remember BOD was wrapped up with zim diamonds but that was aeons ago.
edjge2
23/1/2020
19:46
forget zim..focus on romania mines..zim is just a bonus anyway
johncasey
23/1/2020
19:30
rookie666 I expect AP knows that much and trying to avoid further delay
edjge2
23/1/2020
15:46
Zim government psychology? in that case, I hope AP is taking OilIsGold's advice and bringing those brown envelopes along with him!!! To be fair, I guess its more effective to be there in person than over the phone...
rookie666
23/1/2020
15:05
hope AP knows about zim gov psychology cos pushing will delay the outcome. holding at about 33 can't be a bad outcome, just hope AP achieves sign up
edjge2
23/1/2020
14:57
The thing is with a death spiral like VAST's there will always be lots of "buys" because the "sells" are *NEVER* tracked! With a death spiral the "SELL" is when the new shares are issued to the death spiral provider, on the other side of the trade is the retail punter who has been suckered into buying the shares via a combination of: 1. Excessive promotion of the shares by a bent management team that are only looking to line their own pockets, 2. Paid for financial PR promotion, 3. Paid rampers - people who are paid to post on bulletin boards by the company (Lee: £1,000 a month) and others who are paid by the Financial PR firms (Jonathan). Who would have thought that AIM could be so bent and corrupt?
jaknife
Chat Pages: 881  880  879  878  877  876  875  874  873  872  871  870  Older
Your Recent History
LSE
VAST
Vast Resou..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20200125 16:46:13