Vast Resources Share Discussion Threads

[gold finger 1] 01/3/2024 12:38

So if you think £3m market cap for all that vast has and is doing is a lot don't buy.
If you think having £7m debt is a lot, for what they have. don't buy.
So if you cant take a loss, don't buy.
I plan to add again next week. But that's just my opinion, of the situation.
Looks like the debt payment is being extended again. Or it could be being paid off.
just imagine what that news would do to the share price alone.

What i think people are not taking account of also, is the cost of the drilling campaign. This has been progressing for over a year. The fact that people have ignored this expensive cost, and tried to make out that all the dilution has been used to keep the lights on at BP, has been very misleading.

But again once this drilling campaign is over, not only does that expense end. But it will add many years to the length of mine. which again will add to finance becoming not only more accessible, but a lot cheaper also.

So what is holding the share price down at this time. Could be what makes the share price explode up at some point. But if you dont like the risk, dont buy.

[bionicdog] 01/3/2024 12:28

gold finger 1
Bought at the equivalent of £1.50 on 06/07/2020 , still trying to trick others into buying...

[terminator101] 01/3/2024 12:18

Look out look out supertrader is about. No fantasy diamonds this week huh. Shocker.

[leewink1] 01/3/2024 11:43

All ifs and coulds, you have not changed at all GF in 6 plus years, skewed posts aimed at the gullible.

[gold finger 1] 01/3/2024 11:41

So i would imagine there are a lot of unhappy trolls this morning. No dilution. No debt called in. No news regarding the Swiss investment Company who have indicated a firm interest in providing major restructuring finance to the Company, partly through debt and partly through equity.

So this is what vast have going on at this time.
BP mine ramping up production.
BP doing both a drilling campagna to upgrade the historic resource to a JORC compliant resource, and also further exploration to upgrade the asset further.

In Tajikistan they have two projects on the go, at the moment, both fully funded.

They have a agreement for up to 3 years to act as an agent for 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.

They also have Aprelevka Gold Mines in Tajikistan that they plan to manage. Again fully funded.

They also have Zimbabwe interests. But these are slow going, and we are not sure what will materialise from there.

The same with other assets vast hold in Romania.

[tigerbythetail] 01/3/2024 11:12

Hi Bionic!
Yes, you're right. Sorry for the error. But the general point reminds...

[bionicdog] 01/3/2024 11:03

We might have to redefine the word "bargain".

[mick1909] 01/3/2024 11:01

They cant do it though headroom is 1.4 billion shares you do the maths

[kemche] 01/3/2024 11:00

Agreed smooth. Nice to have an intelligent shareholder on board.

[smoothtosmooth] 01/3/2024 10:59

If the fundraising is successful and this is now debt free anything below 0.3p is a bargain.

[petersmith6] 01/3/2024 10:48

Has anyone had the new shares certificates?

[kemche] 01/3/2024 10:43

BLUE by COP.

GLA LTHers!

[iceagefarmer] 01/3/2024 10:34

it always happens with a consolidation...you know that...city scam

[kemche] 01/3/2024 10:25

IAF, Is that what you are "hearing" from your sources?

[iceagefarmer] 01/3/2024 10:13

bet the city scammers short vast down to 0.2p..just cant help themselves,mental illness

[g2theary] 01/3/2024 10:10

:D nope did buy a big chunk with HE1 wins I'm about 30% down on those.. will be buying more in the coming week ;)

[skif] 01/3/2024 10:07

No sign of any fake platinum, a bit like the fake diamonds.

[kemche] 01/3/2024 09:49

Why shouldn't he be bionic? Has he ever failed? Jealous?

[teaboy100] 01/3/2024 09:49

Well, it's already up 420%, does that count?

[bionicdog] 01/3/2024 09:40

I expect you are already in profit Gary.

[g2theary] 01/3/2024 09:39

Picked up a few :) my take is it's going to end up blue today :) fund raise will surprise ;)