Vast Resources Share Discussion Threads

[dilip40] 24/4/2016 20:28

this b b does not give a new investor any info about the company

how much copper gold etc is it producing
what are the costs
is it breakeven profitable or what
and how much will the romanian licence add to value thanks

thanks

[showme01] 24/4/2016 08:54

yorgi. have you communicated with Roy recently?

[dilip40] 23/4/2016 21:19

o/t would appreciate any other companies in copper gold silver production in uk or canada

[carla1] 21/4/2016 17:32

Nash .... keep it quiet but now within 6 Trading Days :-)

[richie32] 21/4/2016 16:27

nash, Brandon Hill issued a report stating that the bp licence would come through this month

hxxp://www.proactiveinvestors.co.uk/upload/SponsorFile/File/2016_04/Brandon-Hill-Initiation-05-04-16.pdf

[nash81] 21/4/2016 15:28

Carla

how do you know 9 days left for licence??





carla1 18 Apr'16 - 12:54 - 5645 of 5654 0 0

Good Afternoon fellow Investors....

Only 9 trading days MAX for Licence news :-)

We should have some serious Upward pressure on the share price as traders take positions !!

All Aboard

[yorgi] 20/4/2016 08:10

Showme

As you well know I have for many years understood the potential of VAST (AFCR) based on it's assets and what we have in Romania now and the opportunities that could open up for is in future. However ever since I understood what Crede are and their "game" I do not underestimate the power they have to effect us in realising a fair value based on our assets.

[showme01] 20/4/2016 07:03

Yorgi,

This is a clearing up exercise over tranch 1. The directors are limited in the authorities granted earlier this year in relation to the Crede deal.
It's good news. Crede have had to pay £136k for these remaining 60m shares which I think have mostly been forward sold last week. Several large transactions were executed. Either way, 10 weeks until tranch 3 and a lot that can happen to the share price with BP licence due

[yorgi] 19/4/2016 22:55

One thing is clear to me in anything that involves this Crede deal signed back in January and that is nothing is as clear as any of us would like.....in my opinion.

Crede are still very much "in" VAST, unfortunately.

[laptop15] 19/4/2016 22:00

Maybe a nice blue day tommorrow guys as its actually fairly good news :)) crede getting less shares due to warrants getting cancelled and having to pay 130k to vast in commission! Well done to BOD on this one!!Update due any day now too!!

[carla1] 19/4/2016 21:07

Interesting RNS....

Company receiving payment from warrants and less warrants issued ... converted to shares on a 1:1 Basis !!

I suspect a funding RNS is on its way :-)

[richie32] 19/4/2016 17:44

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.

[laptop15] 19/4/2016 15:48

News needed to get the share price moving again!! Come Roy....get your finger out!!

[32sam] 19/4/2016 14:05

Anyone when the licence news is due as someone on a bb some court decision? I know the research note says April?Sam

[bungeetrader] 19/4/2016 12:40

Disappointing drop in the share price today but looking at the graph, the trend is still north. Hopefully the BP licence will come 'soon' and we should re rate accordingly.

[carla1] 18/4/2016 12:54

Good Afternoon fellow Investors....

Only 9 trading days MAX for Licence news :-)

We should have some serious Upward pressure on the share price as traders take positions !!

All Aboard

[carla1] 15/4/2016 11:43

Good Morning fellow investors...

Savvy people taking positions as not many trading days for a company making RNS and it looks like the selling is done....

Expecting 0.6 p in the very very near future :-)

[turbotrader2] 15/4/2016 10:20

Seems sensitive to trading have crede gone?

[bungeetrader] 15/4/2016 10:11

Moves quick. Might just be a bounce but who knows these days.

[turbotrader2] 14/4/2016 16:09

Flat close?

[bungeetrader] 14/4/2016 15:11

Buys going through at just under the quoted offer now. Tick up (or two!) into the close?

[laptop15] 14/4/2016 13:29

Those de-rampers and sellers will get what they deserve as sooner or later there will be a positive update on production followed by the BP licence! Then your chase to buy it cheaper will have gone ;-)A BIRD IN THE HAND IS BETTER THAN 2 ON THE BUSH!!I'm happyto be holding at current levels as there is limited downside of about 50% but upside of 300% ++.So weigh up the risk guys and don't wait too long!!

[bungeetrader] 14/4/2016 11:54

You're right there turbo. Yesterday just over 0.4p now about 25% lower than that.
Hopefully it will bounce from here..............