Vast Resources Share Discussion Threads

[jayfella72] 21/12/2016 07:33

Satellite Solutions Worldwide Group plc just dumped the same NOMAD we have Strand Hanson.

[turbotrader2] 21/12/2016 07:28

The nomad clearly misadvised on past dealsOnwards ....

[temmujin] 21/12/2016 07:18

MAYBE it was to get the share price down to its lowest level and then the big boys fill their boots...i'm in at 0.16p

[andy pipkin] 21/12/2016 07:14

With all this supposed good news, you wonder why the Nomad resigned. Unless, of course, they suspected the company is being economical with the truth.

[temmujin] 21/12/2016 07:08

BOOM!!

Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining
21 December 2016
Vast Resources plc
("Vast" or the "Company")

Zinc Update - Manaila Polymetallic Mine in Romania

Vast Resources plc, the AIM listed mining company with operations in Romania and Zimbabwe, is pleased to report an update on zinc sales and production from its Manaila Polymetallic Mine in Romania ("Manaila").

The Company commissioned a zinc concentrate flotation line in September 2016, providing Manaila with a second product and revenue stream in addition to its copper concentrate. During the past three months, work has been undertaken to improve the grade of the zinc concentrate, which has resulted in Manaila now consistently producing a concentrate in excess of 30% zinc ("Zn"). Sales of zinc concentrate have commenced with a sale of 200 dry metric tonnes ("DMT") in mid-December 2016.

With Manaila currently producing approximately 80 DMT Zn per month, the Company's primary objective is to increase zinc production by up to 85% by the end of H1 2017. In conjunction with increasing production, the Company is also confident that on-going work aimed at enhancing the zinc concentrate grade will achieve a concentrate of approximately 45% Zn.

The Company has also completed the commissioning of the third flotation line at Manaila with the objective of increasing copper production in Q1 2017. As a consequence, Manaila will now have two copper concentrate flotation lines and a zinc concentrate flotation line. A gravity recovery facility is also due to be installed for the purpose of recovering the significant gold and silver contained in the tailings, which will generate a third revenue stream. Installation is expected to commence in January 2017 and the Company anticipates that this will be operational in H2 2017.

Roy Pitchford, Chief Executive of Vast, commented:
"The Manaila mine is now really bearing fruit for Vast - the lessons learnt over the past 12 months have been implemented and the mine is now generating cash flow from both copper and zinc concentrate sales. We are encouraged by the performance of Manaila over the past three months and believe that this upward trajectory will continue through the adoption of initiatives to both increase production and improve grade. In tandem with this, we will also be installing a new gravity recovery facility to separate the significant silver and gold currently reporting in the tailings, and we believe this will be a further considerable boost to Manaila's overall performance as a long-term profitable mining operation."

[turbotrader2] 21/12/2016 07:08

Great news

[temmujin] 20/12/2016 18:46

£7m market cap seems too good to be true...where's the catch? or maybe there isnt one and santa has coming early

[luckymouse] 20/12/2016 13:36

Definite long & short term divergence plus a piercing candle reversal formation (flush out) - but battling traders and MMs makes the price action hard work - a break/low above 0.175 (HL,HH) would be quite decisive - maybe waiting for the gold btm

[andy pipkin] 20/12/2016 11:43

I saw the film about your cousin, hitman43 last night. Worth watching if you like mindless violence, as I do.

[thehitman1] 20/12/2016 11:11

1.45p target set and the hitman never misses his target.

[thehitman1] 20/12/2016 11:08

Ignore granny, the plank.

[temmujin] 20/12/2016 11:08

why isnt it at least 1p?

[thehitman1] 20/12/2016 11:08

I have also added a few million, looks cheap now.

[temmujin] 20/12/2016 11:07

bought in today,seems way under valued

[grannysnuffs] 20/12/2016 09:11

oh the train wreck pipsqueak is following me around hahahahahahaha, obsessed or what, told u before i like females, but if i ever change and want a 40 stone ugly bloke, i will let u know LOL LOL LOL

[andy pipkin] 20/12/2016 09:06

Says the king of trolling and lying.

[grannysnuffs] 20/12/2016 08:34

the only thing hitgirl purchased friday is a alcho pop, known troll and total liar, LOL

[ihavenoclue] 20/12/2016 08:10

I bought in on Thursday .... watched it plummet on Friday ... now in profit on Tuesday.

Looks like hitman missed out on decent profit ... not that I believe he bought in on Friday when there were a few doomsayers in here.

All IMHO
Regards
IHNC

[jungmana] 20/12/2016 08:05

Vast is worth at least 0.5p right now. Revenue of $14m is a massive increase

[nicosevos] 20/12/2016 08:00

It's a cracker......At last....A cracking RNS!!!!!!!!!!

[jungmana] 19/12/2016 15:53

I think the seller is all flushed out of vast :-)

[thehitman1] 19/12/2016 08:39

Remember, there is no honesty on aim.

[thehitman1] 19/12/2016 08:38

Nice rise this morning, in on Friday, out today, lovely.

[bernieboy] 19/12/2016 08:26

Dean give it a rest. I have so far lost more money on Vast than any other share in 20 years of investing. They aren't flavour of the month for me again.