Vast Resources Share Discussion Threads

[laptop15] 12/10/2016 08:33

Back the placing price but now funded is the good news and surely the l come soon, I believe that the Romanian government wouldn't issue it until enough funds were in place and now with yesterdays deal a green light must be on. They probably didn't want another bankruptcy, which must be why vast did the deal so quickly after the placing.Licence imminent IMO!!SP will stabilise now.

[bernieboy] 12/10/2016 08:12

Tried a fill or Kill at 0.29. Couldn't get any! :@

[32sam] 12/10/2016 07:50

RNS yesterday, on first read I thought here we go again but re reading it firms the funding worries and seems to me that its needed and they have said what it is going to be used for. I think drop has been overdone but imho opinion leaky ship?

GA & DYOR

Sam

[bernieboy] 11/10/2016 20:06

I also think this drop has been completely overdone. No funding worries at all now. It seems like they have put in all the required wording to make sure there are no repeats of the Crede farce. In my mind BP licence will be forthcoming very very soon now. Get in early!

[quinan] 11/10/2016 17:22

News looks good to me no more funding worries for the foreseeable future, the cash will now be used to get two mines up and running giving them income, if they need cash it will be for bigger projects in the future.

Drop over done IMHO should be interesting tomorrow.

[h0me] 11/10/2016 16:13

Agreed. There is some hidden news within.

[nick rubens] 11/10/2016 16:11

Too much to read. I never like these complex funding deals.

[ianio5691] 11/10/2016 16:09

Reading RNS..... Looks like a little hint of good news on way.... :-)

Use of Proceeds

The funds realised from the Subscription will be applied to:


-- ongoing refinement to the zinc production line at Manaila in addition to
development of separate processing to enable the production of gold and
silver; and

-- ongoing drilling to expand the maiden JORC resource at Manaila; and

-- the drilling, evaluation and design of the Faneata Tailings Dam
reprocessing facility and the initial payments associated with the Baita
Plai Mining sub-licence once it is granted; and

-- the general corporate overheads of the Company.






"and the initial payments associated with the Baita Plai Mining sub-licence......"

[ianio5691] 11/10/2016 16:02

What the fork was that all about then.....

someone clearing out knowing this was coming

[alphapig] 11/10/2016 15:53

From Darwin to bracknor, good luck here ladies and gentlemen!

[yorgi] 11/10/2016 15:47

There's the reason.

[yorgi] 11/10/2016 15:43

I agree Bernie, simply more sells than buys and some large ones clearly. Nothing to do with warrants Laptop or MM's shaking as you put it.

[gemstar2] 11/10/2016 15:43

All the guys on LSE are watching

Lot of speculation

[ianio5691] 11/10/2016 15:39

160m now. Thought I was the only one watching Bernie...

[laptop15] 11/10/2016 15:39

Probably the 50 million warrants and a few panic sellers!!I reckon it will shoot up at the close

[bernieboy] 11/10/2016 15:37

Gotta be some big delayed sells to show up later. Amazing volume!

[ianio5691] 11/10/2016 15:25

Wow... nearly 150m traded....

Who's selling????

[laptop15] 11/10/2016 15:19

MM's trying to tree shake I recon, plus lots of warrants getting sold. share price should rise to the close.

[ianio5691] 11/10/2016 15:15

What on earth is going on here....Good RNS - followed by huge volume. Most look like buys, but the price is dropping....

And NO posts....

Bizarre day!

[quinan] 11/10/2016 11:38

All positive here so added more on the dip

[32sam] 11/10/2016 11:32

This just gets better. GA

[bernieboy] 11/10/2016 11:10

Good news indeed Ianio.....

[ianio5691] 11/10/2016 09:38

RNS Darwin repaid. No dilution. Great news!!

:-)

[32sam] 11/10/2016 07:52

I will be happy with 3p, is a question of when ;)
I think with BP licence being awarded we have also got to look at the net asset value, a lot of work has already been done while waiting for the licence. Remin is too big we will need a JV but that is a different story altogether and i would not like to say where it would go upwards, the way VAST is operating in Romania the government must favour VAST, imo as always.

Samh

[fairlight] 10/10/2016 19:52

I will take that 3p and raise it to 4p :-)
Well it depends that far off - when we get the BP licence how much dilution, the number of Remin mines Roy can get hold of (in talks I note) but to get to 4p VAST will need a market cap of about 160 mil and might be possible with current assets (depending on metal prices, dilution etc, but its really pushing it. I will be happy with 2p next year anything else is a bonus.