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VAST Vast Resources Plc

0.19
-0.01 (-5.00%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Vast Resources Plc LSE:VAST London Ordinary Share GB00BQ7WTT20 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.01 -5.00% 0.19 0.18 0.20 0.20 0.19 0.20 21,803,780 08:09:50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Nonmtl Minrl Svcs, Ex Fuels 3.72M -10.51M -0.0024 -0.79 8.26M
Vast Resources Plc is listed in the Nonmtl Minrl Svcs, Ex Fuels sector of the London Stock Exchange with ticker VAST. The last closing price for Vast Resources was 0.20p. Over the last year, Vast Resources shares have traded in a share price range of 0.185p to 3.51p.

Vast Resources currently has 4,346,644,142 shares in issue. The market capitalisation of Vast Resources is £8.26 million. Vast Resources has a price to earnings ratio (PE ratio) of -0.79.

Vast Resources Share Discussion Threads

Showing 68201 to 68222 of 74850 messages
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DateSubjectAuthorDiscuss
10/2/2024
11:29
OK let's go there as not feeling great so just resting today. Magic beans are great. Would love some.

Beans on the other hand yes I'd buy in bulk if the price dropped but only when I thought the price had bottomed out. Of course supply and demand has a great effect on prices and if there's to much supply price drops stupidly and your not going to recover your investment as their is over supply. Some people say you have hit the bottom and even the experts running the company but then another lot of beans appear. Comes to a point when you can no longer take them at their word.The price of beans may increase but only to a fraction of the previous expectation due to over supply. Of course you can purchase a lot more beans but whose to say there won't be more beans being issued. Currently people are buying not for the beans but for soya which was grown many years ago but money not realised.

Anyway reality is waste of time talking about beans. Vast are currently a copper mining company and they look to have exhausted their current mining areas and now having to access new areas. Could be beneficial going forward but makes a mockery of mining plans to date. Future profit is now based on new drilling areas which have to be confirmed as well as money from other projects. To date Vast have not been great at getting other projects to generate money or off the ground. Plenty of examples, just look at RNS.

Even existing projects have been found wanting with sales figures such as molybdenum concentrate to name one resource.

Of course let's not talk about Vast but other unrelated things like beans. Sorry for rambling but feeling sorry for myself today not that it stops anyone else :P

harps01
10/2/2024
11:18
The funds will also be used to cover nearby corporate obligations and working capital needs as well as the increased overhead in respect of the new near-term revenue generating operations in Tajikistan.

XXXXXXXXXXXXX Additionally, the funds raised will ensure the Company has sufficient funds available in respect of the Historic Parcel XXXXXXXXXXXXXXXXX

and the first shipment of the PGM concentrates as announced on 22 January 2024.


This taken from the 23/01/24 Placing is obviously the Catalyst that has sent the buyers into a feeding frenzy.

Expect more Hectic activity next week.

steveberyl
10/2/2024
10:11
Harps - I see you conveniently ignore the beans completely. Why is that?????
kemche
10/2/2024
09:43
Unfortunately there is little opportunity to question the BoD and most presentations are scripted but still provide a useful insight into Vast management. Looking forward to opportunity when AP provides investor meetings.
harps01
10/2/2024
09:36
Vast is a miner not an exploration company. Yes it should be providing a forecast for next 12 months as it has done so in the past. The problem is that they havnt been able to manage the risk of mining and they have always fallen short. Thankfully historically they have a parcel of diamonds owed to them and supported by a High Court order. Without this it is extremely unlikely the company would have survived the last 12 months as creditors would not have extended debt. Cash generation was supposed to service this debt!
harps01
10/2/2024
09:28
Gf yes it's my thoughts on why AP invested. Tell me why you would invest if you knew the price was going to drop? Only time that would happen is when you know you are keeping the company going and you will earn more in the long run. What other reasons would you provide funding when it's not a charity.
harps01
10/2/2024
08:53
someone asked me last night if vast give out a guidance for the year. I said no, what would be the point, people would say he's only lying. But in reality when you are not only ramping up the mine, but drilling at the same time. It would be imposable to give one that was only a guess at this time anyway.
gold finger 1
10/2/2024
08:12
HarpsA lot of just your opinion in that post regarding AP.Nice ghat you don't think £250,000 is not a lot of money to risk in a Aim company. Not sure where you got that number from though. It could be closer to £500,000. With what he already held.It's just like say AP only paid £100,000 for his shares when he infact paid over £2m
gold finger 1
10/2/2024
08:03
Regarding AP and his wages. Not sure how little some would like to pay him. Less than a McDonald's burger flipper, would be to much for some. Lol
gold finger 1
10/2/2024
07:35
AP is no fool. The share direction has been one way over a number of years. I believe recent share purchase during equity raise was also out of deferred payment owed to AP which was unlikely to be paid in view of losses being made. Please let me know if I read this incorrectly. He probably thought diamonds around the corner and would make a return on investment. I think he will but share price currently approximately a fifth of his purchase price at 0.55p

It's possible David Ian Jones purchased his shares for a lot more than £250,000 depending on when he invested but the market cap was a lot higher as well.

The truth is there are not any real big individual investors in Vast. Vast needs to demonstrate it can generate cash, not just live from one placement to the next. A previous CEO with AP did a presentation and stated Cash is King when asked about the share price and when it would increase. Only when they could demonstrate to the market cash flow generation over a number months would they be taken seriously and see larger investors including IIs. The same applies today.

harps01
10/2/2024
07:05
he1 is a bargain around 2p..easy 10 bagger still to come...QBT about to be another
iceagefarmer
10/2/2024
07:02
lets not forget david ian jones has 6x more shares than AP and bought for far more than £250,000
iceagefarmer
09/2/2024
23:31
Court ,imo could retrace down to 1.5p as the herd moves on to the next hot stock. But with the level of interest there , any bit of good news from the lab results could send it to 3p+
jungmana
09/2/2024
22:22
Hi if you don't mind ,where do you think he1 will go in next couple of weeks ,was in there sold for a nice couple of grand,now back in vast lol thanks and GLA
courty2
09/2/2024
22:02
Harps thanks . My only regret there is that I sold out a bit early about 1p for roughly 200% profit. Could have made a lot more but very happy with my profits .Have since been in and out 3 times with small 500k trades there.
jungmana
09/2/2024
21:52
If they did get the diamonds then the rise could be substantial as there would be no placing unless they announced a GM asking for more headroom during the rise which would stop it in its tracks
mick1909
09/2/2024
21:14
Well done on your investment in HE1.

I looked at purchasing when news had released and had only gone up 20-30% but then thought better of it as I knew they had to raise more money. Had only partially done my research on the company. I underestimated the demand for the share, so well done for buying more. Very rarely do you get such a move like that one.

harps01
09/2/2024
18:41
Harps , excellent post there
jungmana
09/2/2024
18:28
Couldn't agree more!
g2theary
09/2/2024
18:05
Muck , originally I held 7 million he1 shares but on the day their drilling news was released I bought an extra 5 million.Depending on the news here I may double my holding if the price is right .Hopefully some good news soon.Good luck to us.
jungmana
09/2/2024
17:47
interesting run in to the close,
so no sellers appeared when they pushed up the bid up towards the end.

gold finger 1
09/2/2024
17:34
Harps and Jungmana - well said! This is a pure risk reward play and, whilst the significant risks are obvious, for me it’s a risk worth taking ((at least with what you can happily afford to lose!)
muck165
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