Vast Resources Share Discussion Threads

[gold finger 1] 13/2/2024 14:30

Once this debt is sorted, one way or another. The historical resources are turned into a Jorc compliant resource, And the Length of mine has been extended many times more. You will be lucky to be able to buy a share, never mind in any quantity. You see to many people are concentrating on these diamond. That is a sideshow in reality. To the main event which is the mine in Romania. Also the other assets vast has on its books.
Mostly The open cast mine and underground mine with a jorc compliant resource of about 4m ton of ore in place. Also the extension across from it that has also been granted to vast. So you are gambling on vast finally sorting this debt of just about 4.5m out
Through bank finance or these diamonds showing up one day. But once this £4.5m debt has been sorted. this company can start its trajectory to fair value. Along with the rapid growth that will follow.
So ignore the diamonds because one way or another that debt will be paid off. Be it from bank finance, Mercuria giving a new offtake agreement, or even these diamonds paying that debt off. AIMO. The most likely in the short term being a new offtake finance agreement with Mercuria. Be it with them taking the 20% they can buy of vasts shares and the rest as a loan. Remember Mercuria were going to give vast a second trench of money worth i think about $5m back in 2018. but pulled out as vast closed Manaila down at the time due to them not being able to make a profit there. Due to the price of copper being so low and the cost to transport the ore to the plant. AIMO.

[bionicdog] 13/2/2024 14:23

Every £1000 invested when GF started ramping is now worth £3.60.

[bionicdog] 13/2/2024 14:12

I work hard to keep the scum away.

[kemche] 13/2/2024 13:56

Excellent find GF!! Thanks.

[gold finger 1] 13/2/2024 13:51

So i have been looking at another company to compare against vast.
For the simple reason that trolls say there are too many shares in circulation.
Well this share has 10.49b shares, has a market cap of £11.02m. today it has a rise of 16.6%. With a volume today of 34m. with a nav of 0p.

Vast have 5.57b shares. Almost half the shares. vast has a market cap of £5.29m. Lets call that half again. while vast have a volume today of 75m, So more than twice as much volume. today is a slow day for vast.
Vast also have a NAV of 0p. But vast are down 2.56% today.
Both have no news today.

[mindthegapup] 13/2/2024 13:27

Skiff could always join the queue with Doggy - he likes to queue in the morning for dog food loools

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[gold finger 1] 13/2/2024 13:17

Poor old skiff, trying all morning to get someone to notice him. Sad little virgin.

[bionicdog] 13/2/2024 13:10

None of your lies on here.

[skif] 13/2/2024 13:09

I go to the Ark food bank once a week and get quite a few things even boxes of Thornton chocolates last week.

Heading down to the Ark tomorrow, I quite fancy a few cans of soup, so won't be posting here in the morning. There's always a big queue down there.

Lucky for me Mrs Mayweather, who works there, has taken a shine to me and always puts by some nice treats,

[mindthegapup] 13/2/2024 12:50

Looks like doggy has created the other group so it can be an echo chamber. Expect to get moderated by them over there unless your topic is related to Crufts or what brand of dog food you like to consume woof woof

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[skif] 13/2/2024 12:50

Nice guys Alpha are about to become very nasty.

[skif] 13/2/2024 12:18

A year on and still no sign of any diamonds.

[mindthegapup] 13/2/2024 12:17

Yep agree 100% there and have noticed that myself recently.
Only I don't think bionicdog will have noticed that cos they're probably too busy at the shop stocking up on Pedigree chum 👌👌👌👌

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[kemche] 13/2/2024 11:43

Agreed GF1. Excellent observation.

[gold finger 1] 13/2/2024 11:39

Here is another observation.
Normally you would pay a premium to to buy a large amount of shares. More so when you want to sell a large number also, you get a lower price. Not for a while here now. The market normally do this to discourage traders from making a small profit. This has the effect of making the spread larger. To discourage someone from trading the share for a small profit every day. AIMO.

[gold finger 1] 13/2/2024 11:24

mindthegapup

They don't allow smelly mongrels at gruffs.

[bionicdog] 13/2/2024 10:50

No clowns please.

[mindthegapup] 13/2/2024 09:48

Where's doggy today, is he busy getting ready for Crufts ??

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[mindthegapup] 13/2/2024 09:25

Nice buying opportunity this morning before news 😉

[kemche] 13/2/2024 09:24

shortsqueezer - filtered!