Vast Resources Share Discussion Threads

[bionicdog] 23/2/2024 15:27

Simon's back! Will you be faking any company e mails this weekend?

[bionicdog] 23/2/2024 15:15

Fascinating stuff.

[gold finger 1] 23/2/2024 13:22

Dog will need more help than he has at his disposal soon.
Having to rely on the halfwits he has post on here now, just is not going to be anywhere near good enough. Not that i read said halfwits posts.

[hopeful25] 23/2/2024 13:19

Tic Tock and the Dog will be counting every second as he simply has nothing else to do!!

[riskyinvestor] 23/2/2024 13:10

Just bored and popping in

What is the latest on the Diamonds

[bionicdog] 23/2/2024 13:08

Cult? Only one letter out.

[mark0419] 23/2/2024 13:03

Gf and kem in a cult.....GF blocks any one that font see vast as he does....company shill for sure......

[gold finger 1] 23/2/2024 12:42

I don't think they will pull Resolution 3. The consolidation will go ahead IMO.
But hopefully it will come with news that finance partly through debt and partly through equity is to be issued at a higher price than the current share price.
We will see. All depends now if the sale of this platinum concentrate is in the EU and there is no hold ups.

[bionicdog] 23/2/2024 12:34

One week to go , tick tock.

[gold finger 1] 23/2/2024 12:27

beatme1

Yes they have actually said this.

Moreover, if Resolution 3 is not withdrawn the Directors undertake that the authorities granted through the passing of the Resolutions 1 and 2 will not be used beyond an authority to issue nominal value of £2,000,000 of share capital (equivalent to 2,000,000,000 New Ordinary Shares)

So they are working on these shares if needed are going to be at a higher price than the share price 0.1000p
This would coincide with what they said
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.
A lot of irons in the fire. We will know a lot more in a weeks time.
That clock is ticking down fast now. if you want to buy or sell, you don't have much time left.

[kemche] 23/2/2024 12:16

GF1, They are literally telling you that the price will be higher. Now why would they do that???? Not that the trolls will know of course!

[gold finger 1] 23/2/2024 12:11

Kemche

You have. But reading the RNS again. i did not take from it that Nikash Group were nothing to do with the Swiss investment company. I was under the impression that Nikash group were part of the Swiss investment company. I have read these RNS at least 3 or 4 times and missed this info.

It may have something to do with reading this a little later.

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.

[kemche] 23/2/2024 12:10

IF they do raise then it will be for progress.

[skif] 23/2/2024 11:56

They always raise usually around April.

[bionicdog] 23/2/2024 11:53

Another complete lie from the proven lying scum. I have him dancing to my tune now etc etc.

[beatme1] 23/2/2024 11:52

They need to raise £1m

[gold finger 1] 23/2/2024 11:51

The market seem to have completely ignored what vast have been achieving with these new agreements. The majority of this $2.5m will be making its way back too vast. As vast are only acting as middle men. Give the agreement vast have in Tajikistan time to get its act together. That being the ramp up. Then the agreement vast now have also regarding Aprelevka Gold Mines, in Tajikistan. The profit alone on these 3 agreements, would more than cover the market cap alone in the near future. Never mind any future agreements AP and his team come up with. The market seem to be ignoring the progress being made at vast. Sort the debt out. get the exploration finished, Along with a large extension to the LOM. That will then open the door for numerous offers of finance. By this time BP should be profitable, opening the door for Manaila to be brought back on line.
The future looks very bright for vast.

[kemche] 23/2/2024 11:38

GF1, I believe I have mentioned them a few times. But I'm probably mistaken.

[gold finger 1] 23/2/2024 11:27

Vast Resources plc, the AIM-listed mining company, is pleased to announce that it has executed a three-year marketing agreement with a Swiss investment company for the exclusive distribution of high grade PGM concentrates produced within the EU. Vast will receive a 2.5% commission based on the sales value of the concentrates distributed under this agreement. This agreement complements the Company’s existing metal trading activities and is expected to provide a significant additional revenue stream for Vast alongside its operations at the Baita Plai Mine in Romania, and its recently expanded interests in Tajikistan.

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, The estimated sales value, based on seller assays, is expected to exceed $100 million.

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 with 32,000 ounces too a ton. SO 15% of that being platinum comes to 4,800 ton. At $900 an ounce, that comes to $4,320,000, so 2 ton a month comes to $8,640,000. comes to about $100m wich is quoted. So 2.5% too vast is $2.5m for the year.
I did not know that vast had already received an offer from the Nikash Group to purchase PGM concentrate.

[kemche] 23/2/2024 10:13

The bottom seems to be in now and up we go as people begin to realise all the progress that has been made.

[petersmith6] 23/2/2024 10:03

Good new or average news We just need new. And forget the diamond parcel..we need to mining diamonds from a fresh

[hopeful25] 23/2/2024 07:53

What would you do without us mutt?