Vast Resources Share Discussion Threads

[themattbarnes] 06/4/2016 17:54

To be fair the person exercising was not on the board of directors, he is a senior employee not a director

[yorgi] 06/4/2016 17:35

It's good to see you Rozer......even if you're not saying a lot :-)

[yorgi] 06/4/2016 16:56

I have to say I'm intrigued Sirron, as most newbies and even some of the regular posters miss a lot of the RNS as you may have noticed I was pointing some posters at a relevant RNS this morning.

Do you hold Sirron or are you considering buying in ?

A new poster joining the BB who is "on the ball" will be more than welcome, I was getting a bit tired of pointing people in the right direction who appeared not to want to bother checking back through the RNS before posting.

[yorgi] 06/4/2016 16:53

I try to be on the ball Paleje.

We don't know for sure who has been selling today it is only speculation after all. Also anyone buying in on recent lows would have seen a decent profit and I'm sure there are still nerves, have Crede really gone so traders wanting to bank a profit.

Who knows.

[philip43] 06/4/2016 16:48

Sirron, you are correct. WES Capital did exercise some warrants. I was so busy trying to work out which RNS was about which funding that I overlooked that one. Let's hope the rest are big enough not to exercise until we have a healthier share price

[paleje] 06/4/2016 16:47

:) on the ball Yorgi.

Bit of a shambles again here today, with a number of existing shareholders the "investors", to use the language of the RNS (should that read "traders"), getting a bunch of cheap shares and free warrants on the 12th and pre-selling them straight into the market it would seem....am I wrong on that?

If so it's not much different to Crede's behaviour really, yet the CEO knocks Crede and tells shareholders they should buy not sell, it's all their fault...so when they do buy, thinking the boogey men have gone (for a while anyway), they get shafted by the "investors".

It brings tears to the eyes, not sure if its from weeping or laughing, well it would be funny as a comedy sendup, not for pi's losing money.

[yorgi] 06/4/2016 16:31

Welcome Sirron. I see you have just registered today this username.

I assume to come straight onto the VAST BB and pick up on an error by Philip you have a strong interest in VAST ?

Have you been using another id before Sirron if you don't mind me asking as it looks very unlikely to me that you new to these BB's ?

[sirron1] 06/4/2016 16:25

philip43

I think you missed the RNS of 22/3/2016 when you state that no directors have exercised warrants

VAST Resources plc, the AIM-listed mining company with operations in
Romania and Zimbabwe, announces that, pursuant to the subscription
agreements entered into with certain directors, senior executives or
consultants of the Company (the "Managers") on 5 January 2016 (the
"Managers' Subscription Agreements"), WES Capital (Pte) Limited, a
company owned by a trust of which Pierre Joubert, Chief Financial
Officer, is a beneficiary, has elected to convert 11,356,077 warrants
issued under the initial subscription ("Warrants"). Notice of exercise
of the Warrants was received by VAST on 18 March 2016.

[yorgi] 06/4/2016 13:12

Someone pleased to pick up 7.6m on that dip :-)

[lazygun] 06/4/2016 12:53

Latest Roy pitchford interview anyone?

L

[snowman88] 06/4/2016 12:17

Laptop, I wouldn't get too carried away just yet.. they've probably had a lot more interest in some 0.24p shares if that's the current deal to replace the £1.25mill second tranche. I'd like to see if they are issuing any more shares at that level before I do anything. I'd love to have some 0.24 ones; who wouldn't!

[lazygun] 06/4/2016 12:09

Has anyone got a link to Roy pitchford' latest interview?

L

[laptop15] 06/4/2016 11:01

The selling shackles will soon be released and we will blast off to the hollowed ground!!Break even or plus by end of todays trading!!

[laptop15] 06/4/2016 10:56

I would say at least half of the warrants have been used today already guys....and i would imagine the crede will want to hang on to the rest for either the licence coming out or the last few days before the 3rd tranche comes out!!SP will start to rise soon!Anyone looking to get back in...now is the time :)))

[yorgi] 06/4/2016 10:54

That would appear to be the case Snowman, "shot themselves in the foot".......the head might have been preferable :-)

Thanks for posting that clear funding history there Philip.

[snowman88] 06/4/2016 10:43

Crede basically shot themselves in the foot by exercising their warrants on the 1st April, as that was the catalyst which drove the share price to a level where their next tranche would have taken them over the 25%, and subsequently was able to be cancelled.. they just got too Gredey and have missed out on a lot more by T2 not going ahead with them.. I feel so bad for them; NOT! its a small piece of justice!

[philip43] 06/4/2016 10:35

Yorgi knows you know.
RNS 4 January - Up to £5m in 4 tranches - Crede
RNS 6 January - £0.5m single tranche - certain directors, senior executives or consultants (the "Managers")
RNS 7 March - up to £0.8m in 4 tranches - a number of existing investors (the "Investors")
RNS 6 April - Issue of equity to the Investors re 7 March RNS - nothing to do with directors, who btw are sitting on a batch of warrants (see RNS 6 January) which they could have chosen to exercise under the same BS (that's Black Scholes or anything else you care to substitute) terms as Crede but they have not done so.
The BoD may have messed up over Crede but give them credit where credit's due.

[larsson 2] 06/4/2016 10:25

Being lazy but yes its clear. £267k further to raise which hopefully will be less dilution as the share price rises. Though presently its as if the share price is stuck in thick tar one step out and then pulled back in to the mire.

[yorgi] 06/4/2016 10:14

I don't know how many times I have to point it out......in fact I don't know why I'm bothering.

Read the RNS of the 7th March. It is quite clear.

[larsson 2] 06/4/2016 10:04

Well at least we have the knowledge these 'shareholders' are expecting a much higher share price than 0.24 and hopefully higher than 0.31 as it is presently!

In saying the above if it is the directors as some are thinking then they must have known the CREDE tranche was being cancelled which doesn't seem right due to the distinct advantage they had. So a tad confused.

[snowman88] 06/4/2016 09:38

yorgi 6 Apr'16 - 07:37 - 5558 of 5564 3 0

Read the the RNS Carla it seems you have not followed. No it is not directors but existing shareholders RNS 7/3.

The Directors are shareholders too right? Doesn't look so bad if you say shareholders though. Only speculating, we'll know one way or other when updated holdings announced, but nothing surprises me anymore in this game.. Crede/Greed, sounds pretty similar.. if anyone can make a quick buck out of something these days they will.

[snowman88] 06/4/2016 09:29

hey, i'll take 55million shares at 0.24 if you like. Easy money for some eh...

[paleje] 06/4/2016 08:55

Sentiment doesn't last 5 minutes on AIM, directors were in the same trough as Crede and it was pointed out on this board several times ages ago. But they're NOT selling to manipulate, or you'd hope not, just getting a ridiculously good deal for themselves especially when the warrants are taken into account.

Get the licence sorted and some decent numbers out and all will be forgiven. At least Crede are back to square 1 now but no longer have the luxury of time on their side, missing T2 cos they did their sums wrong must have peed them off. Shame:)

[yorgi] 06/4/2016 08:38

Bean you clearly either didn't read March 7th RNS or you have not understood it.