Vast Resources Share Discussion Threads

[jas2022] 14/2/2024 07:26

Weren't you bragging about your average down prices from about 03p....

[ny boy] 14/2/2024 07:24

Parcel..it’s a scam!

The whole thing is a game of charades

[1347] 14/2/2024 07:22

Spiv's screwed you over yet again. Huge dilution and another capital re-organisation. It's an equity wipeout, the second one, pure and simple. Vote it down and bring an end to this scam.

[shortsqueezer] 14/2/2024 07:18

Could someone post a link to the news please. The ADVFN link only takes me to the falling grades one of the 7th February

[babbler] 14/2/2024 07:12

Yeah it's about to launch a massive diluting raise. But it's fine as the finalisation of the final final delivery might finally be final...in the close future. Whatever that means

[terminator101] 14/2/2024 07:07

Morning gerbils.

Capital reorganisation huh

Need for more working capital.

And authority to issue billions of shares for the debt mountain.

But don’t worry as Prelea says he won’t use the unlimited share raising authority, it’s just a precaution.

🤥🙈😳

[gold finger 1] 14/2/2024 07:05

Seems the trolls have finally realised that this ship is about to launch.

[mindthegapup] 14/2/2024 06:50

BOD hopes Zim diamond sector ‘will soon open up' hxxps://etimes.co.zw/bod-hopes-zim-diamond-sector-will-soon-open-up/

"BOD, an exploration and mining development company that holds licences in Botswana and South Africa, is focused on short-term production targets at Marange and advanced kimberlite pipe projects elsewhere, in partnership with Vast Resources.
The two companies would be exchanging past exploration information and forming a special-purpose vehicle to jointly develop the diamond potential of Zimbabwe."

👀🔥

[mindthegapup] 14/2/2024 06:40

BOD hopes Zim diamond sector ‘will soon open up' hxxps://etimes.co.zw/bod-hopes-zim-diamond-sector-will-soon-open-up/

"BOD, an exploration and mining development company that holds licences in Botswana and South Africa, is focused on short-term production targets at Marange and advanced kimberlite pipe projects elsewhere, in partnership with Vast Resources.
The two companies would be exchanging past exploration information and forming a special-purpose vehicle to jointly develop the diamond potential of Zimbabwe."

👀🔥

[iceagefarmer] 14/2/2024 03:17

significant appointment re future diamond mining

NIGEL WYATT - NON-EXECUTIVE DIRECTOR
Nigel is a chartered engineer and a graduate of the Camborne School of Mines. He has held senior positions in several mining and engineering companies primarily in Southern Africa including CEO of Chromex Mining Plc, group marketing director of a De Beers subsidiary group and commercial director of Dunlop Industrial Products (Pty) Ltd, South Africa. He has wide ranging experience in ore and diamond recovery technologies and the manufacture of electronic sorting equipment with a specific focus on the design and erection of ore sorting and treatment plants.

[leewink1] 13/2/2024 23:33

The seller hasn't cleared, hadn't 5 plus years ago, still hasn't today.

[hudson64] 13/2/2024 18:43

You people are like kids on here.

[g2theary] 13/2/2024 16:27

This group is more appropriate:);)

[bionicdog] 13/2/2024 15:52

Many of us believe him to be a company shill with no shares.

[shortsqueezer] 13/2/2024 15:46

Historical resources being turned into jorc compliant resources. He's been pumping this old chestnut for ever I think he thinks it makes him sound knowledgeable but we all know different. Those historical resources are petering out by the day. As can be seen by recent updates. Talk about panning for gold lol

[leewink1] 13/2/2024 15:39

. . . And with no hint of anything substantial changing it anytime remotely soon, this is the stark reality here, it's beyond a risky punt now.

[leewink1] 13/2/2024 15:38

You can't compare here to another company, to many factors, there's no trust or confidence here, and it's being sold daily, has been for years, when this company can't mine enough to pay bills, utilising share issue on share issue to keep it afloat, you can't blame people for exiting, 5 years wait for no fundamental increases, you can't blame them, thing if now after years of this, just how long can they stay afloat, that's the major risk here.

[kemche] 13/2/2024 15:36

PATT, I have refrained from averaging down for a few days as each time I do the bloody MMs find yet another bottom.

[purchaseatthetop] 13/2/2024 15:12

GF…you posted
“Mostly The open cast mine and underground mine with a jorc compliant resource of about 4m ton of ore in place.”

As it costs them $10 to mine $4 worth of concentrate and that has not changed for years, just imagine how much cash they will need to mine the millions of toms of rock they have in the ground. Kemche….rest assured, averaging down is assured. For years.

[harps01] 13/2/2024 15:02

GF I'm actually interested as trying to do like for like comparisons but it's not easy finding companies in similar position to Vast. It's in a fairly unique position in working the jurisdictions they are. Generally see much larger companies working in these jurisdictions and they can leverage their position. Previously (going back to African Consolidated Resources) used to have a good market cap but taken a dive since the ousting by Zimbabwean authorities, MPM going into care and maintenance and BP not generating free cash flow. There's potential projects out there which could turn around Vasts fortunes but currently they are pioneering the route as far as I can see as a small company.

On the plus side if they can make one of these projects work successfully then this could open a number of very lucrative doors.

Would love to know which similar company you found for comparison.

[teaboy100] 13/2/2024 14:41

GF is so full of sh#t. Desperately trolling away, desperate for attention. He must be manically depressed at his investment losses.

[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.