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VAST Vast Resources Plc

0.23
0.00 (0.00%)
24 May 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
  0.00 0.00% 0.23 0.22 0.24 0.23 0.23 0.23 15,093,462 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Nonmtl Minrl Svcs, Ex Fuels 3.72M -10.51M -0.0024 -0.96 10M
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 0.23p. Over the last year, Vast Resources shares have traded in a share price range of 0.225p to 4.65p.

Vast Resources currently has 4,346,644,142 shares in issue. The market capitalisation of Vast Resources is £10 million. Vast Resources has a price to earnings ratio (PE ratio) of -0.96.

Vast Resources Share Discussion Threads

Showing 68701 to 68721 of 73050 messages
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DateSubjectAuthorDiscuss
17/2/2024
07:48
He does seem to forget most of the important stuff because he's desperate to pump it up......and sell in the back ground.Bet he's traded it big-time here.......
mark0419
16/2/2024
23:30
Very probable just like the bear side has a couple of multi ID posters ;))
g2theary
16/2/2024
19:53
God I love this BB!
kemche
16/2/2024
19:24
The mine has a JORC compliant Reserve & Resource Report which underpins the initial mine production life of approximately 3-4 years with an in-situ total mineral resource of 15,695 tonnes copper equivalent with a further 1.8M-3M tonnes exploration target. The Company is now working on confirming an enlarged exploration target of up to 5.8M tonnes.

That’s nice with years more mining at a 60% gross margin loss…..

purchaseatthetop
16/2/2024
19:12
Of course they are. Gf is a sycophant and kemche is his alter ego. Been evident for ages.
shortsqueezer
16/2/2024
19:08
I'm starting to wonder if GF and Kem are the same person they both love going through consolidations and loving it apparently and buying more.........How many consolidations has GF had the pleasure of with vast????
mark0419
16/2/2024
16:32
Take heed what is happening over at UKOG. Another one favoured by the gullible mugs that I warned against.
bionicdog
16/2/2024
16:25
Give it a few weeks, examining trade for trade, it will be shot again in a few weeks, surprised the Friday dump has not happened, not that that really matters.
leewink1
16/2/2024
15:19
hopeless25 is back after disappearing for obvious reasons.
bionicdog
16/2/2024
15:19
Agreed hopeful. I have looked at the buys and sells and it looks like the buyers are in charge now.
kemche
16/2/2024
15:17
Harps.

I saw your last post about how much it was costing vast per month to mine BP.

You seem to have forgot that a drilling campaign has been going on over the last year.
This is not a cheap thing to do. It needs to be paid for. You seem to have ignored or forgot this expense.
But at some point soon these results will have to be reported to the market.As can be seen below they are not just doing one lot of exploration, they are working on another one also.

The mine has a JORC compliant Reserve & Resource Report which underpins the initial mine production life of approximately 3-4 years with an in-situ total mineral resource of 15,695 tonnes copper equivalent with a further 1.8M-3M tonnes exploration target. The Company is now working on confirming an enlarged exploration target of up to 5.8M tonnes.

Since 15 January 2024 I am pleased to say that there are several positive developments in progress:


· Whilst it is appreciated that there has been a considerable period of time since the delivery of the historic parcel was first expected, the Company has good reason to believe that finalisation of the delivery of the parcel can still be finalised in the close future.

As foreshadowed in the Company's announcement of 7 February 2024, productivity at Baita Plai has now started to increase. The Company has also successfully implemented a Baita Plai cost reduction programme.

A lot of positives to look forward to, i would say.

gold finger 1
16/2/2024
15:17
Looking good here. Sellers gone!!
hopeful25
16/2/2024
15:15
Oh FFS it's pretty much game over here, another equity wipeout coming and even that might not save them, debt default or bankruptcy proceedings could deliver the coup de grace any time.
1347
16/2/2024
15:08
The mugs are falling for the same trick for the 94th time.
bionicdog
16/2/2024
15:04
GF1, You cannot have decades of losses, debts up to the gills and pay dividends.
kemche
16/2/2024
15:03
GF1, Did the company have "distributable reserves"?
kemche
16/2/2024
14:50
kemche

I cant remember now, but not long ago a company sold a asset and paid it out to holders. I could be wrong.

gold finger 1
16/2/2024
14:44
the_preacher16 Feb '24 - 13:33

"Subject to the completion of the first sale under the Platinum Group Metals Agreement the owner of the Swiss investment Company owning the high grade PGM concentrate has indicated a firm interest in providing major restructuring finance to the Company, partly through debt and partly through equity to be issued at a higher price than the current share price"

This is yet another little gem that was in that RNS.
I expect news of this
This was said in the RNS when the news broke.

As part of this arrangement, and on behalf of the Swiss investment company, Vast has received an offer from the Nikash Group to purchase PGM concentrate containing on average 15% platinum plus other payable materials and which is being marketed as a platinum concentrate. Under the offer, Vast will arrange the sale and delivery of, on average, two tonnes of high-grade platinum concentrate per month over a period of up to one year. Independent assays have been performed by the seller corroborating the grade of the platinum concentrate at 15% and execution of the final sales contract with the Nikash Group will be dependent, amongst other matters, on the buyer concluding its internal assays and inspection of the product. The estimated sales value, based on seller assays, is expected to exceed $100 million.

So 2.5% a year for vast, comes to $2.5m a year. vast have a three year contract at this time. So $7.5m over the 3 years. could pay off any finance and interest they would have to pay. So paying of any debt vast take from them. SO if they took $6m debt from them, at 20% would be still only give a total of $7,200,000.

· Good progress is being made on independent assays of the platinum concentrate for the benefit of the buyer pursuant to the Platinum Group Metals Agreement announced on 22 January 2024 with a Swiss investment company, which if the results are confirmed as expected, could result in a first sale by the end of the month thus immediately generating revenue from the arrangement.


· Subject to the completion of the first sale under the Platinum Group Metals Agreement the owner of the Swiss investment Company owning the high grade PGM concentrate has indicated a firm interest in providing major restructuring finance to the Company, partly through debt and partly through equity to be issued at a higher price than the current share price.

I see a very bright future

gold finger 1
16/2/2024
14:31
GF1, A special dividend too can only be paid if there are distributable reserves on the balance sheet. Look for the line Retained deficit where we have cumulative losses of some $144,547,000. Accounting standards and the Companies Act are quite clear on the matter (unless they have changed in the last couple of weeks):

"The Companies Act 2006 requires that a dividend may only be paid out of distributable profits and the common law ‘capital maintenance rule’ means that a company cannot lawfully make a distribution out of capital. For a public company an additional test is applied which is that its net assets must not be less than its capital reserves."

Whilst I am all for looking at the bullish case here what we cannot afford to do is arm the trolls with facts that they can bash us with.

I hope that puts all talk of dividends to bed. We have other things to worry about rather than regurgitating the same thing.

kemche
16/2/2024
13:58
Strong earnings? Dear oh dear.
bionicdog
16/2/2024
13:45
Simon is faking e mails again on LSE.
bionicdog
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