Vast Resources Share Discussion Threads

[petersmith6] 02/3/2024 12:39

I've been to Zimbabwe a few times.. they are drastically in need of money. So not that unlikely

[jungmana] 02/3/2024 12:28

The Zimbabwe government is not that desperate. Vast of all companies? Probability of that happening is 1/100

[bionicdog] 02/3/2024 12:23

What if you win the lottery Peter?

[jungmana] 02/3/2024 12:22

See the rns from the last consolidation in 2021;LETTER FROM THE CHAIRMAN OF THE COMPANY Notice of General Meeting at 11.00 a.m. on 5 May 2021 1. Introduction The purpose of the General Meeting is to consider and, if thought fit, approve the Resolution relating to the Capital Reorganisation as described below2. Reasons for the proposed Capital Reorganisation At the date of this document the Company has in issue 21,300,489,402 ordinary shares of GBP0.001 (0.1p) each ("Existing Ordinary Shares") which are publicly traded on AIM. The proposal is to reduce the number of Existing Ordinary Shares by a factor of 100. This will be done by converting the 21,300,489,402 Existing Ordinary Shares into 213,004,895 New Ordinary Shares and 2,343,053,845 New Deferred Shares. The New Deferred Shares would rank pari passu with the Company's existing Deferred Shares and would have no economic value so that each New Ordinary Share in principle has exactly 100 times the value of each Existing Ordinary Share. The Capital Reorganisation comprises two distinct parts, firstly a consolidation of the Existing Ordinary Shares on a 1 for 100 basis, and then a subdivision of each resulting ordinary share of 10p into one New Ordinary Share and eleven New Deferred Shares. The main reason for the consolidation is that the number of Ordinary Shares currently in issue is now considerably higher than that of other companies of a similar size on AIM. Combined with the current low share price, the Company has been advised that the share structure is inappropriate for an AIM company and needs to be rectified. The Board also anticipates that the higher price per New Ordinary Share should, in due course, improve the marketability of the Company's shares to institutional investors.

[petersmith6] 02/3/2024 12:21

Semantics, the knowledge and experience it still available to them. So back to my question..What if they get back to mining diamonds. Perhaps with a concession to the Zimbabwe government. Nice and official. Vast get money and the Zimbabwe government can get some much needed cold hard cash.

[jungmana] 02/3/2024 12:12

In the history of Vast ( formerly African Consolidated Resources) this new shares reorganisation ( ie consolidation) is the third one that I know of.The last one was in 2021 when the number of shares in issue was 21 billion and a 100 to 1 share consolidation was done.This reduced the shares to 213 million and in less than 3 years was back at 6 billion shares, over GBP 20 million raised in that period and all wasted on debt , a mine that will never be profitable or some new pipe dream .Wake up folks. This is simply a lifestyle company. I bet you a fourth consolidation in 2 to 3 years time.

[bionicdog] 02/3/2024 12:08

Yes , wish I'd been conned into losing all my money.

[hopeful25] 02/3/2024 12:01

Mutt!! Misinterpreted once again as you’re so thick! Other companies! Grow up and play with the little mutts!

[bionicdog] 02/3/2024 11:53

hopeless25 has seen it all before. Shame he never learns anything.

[jungmana] 02/3/2024 11:50

Peter, Vast didn't mine those diamonds. At the time it was African Consolidated Resources and the diamonds were acquired through their contract with local artisanal miners in the area.Secondly vast will not be operating again in Zimbabwe as a miner the government and Chinese have made sure of that.

[hopeful25] 02/3/2024 11:37

I am with you Peter, Vast has so much now, plenty to look forward to!! Look at Prem they were rubbished time and time again and their debts are enormous! It’s easy to be negative, this period of time has been diabolical for Vast but will turn around! Seen it all before! They have a lot more going for them now!

[bionicdog] 02/3/2024 11:34

How much would you be worth if you hadn't wasted your money on this rubbish? People are lucky that they were unable to buy more IMO.

[petersmith6] 02/3/2024 11:29

Vast mined 129400 carats of diamonds..they didn't do that buy luck.They were very good at finding them and have the expertise to do it do it again. So tell me.. how much would vast be work if it mined another 50000 carats,or 100000 carats or 150000 carats..

[jungmana] 02/3/2024 11:23

They will raise funds at a big discount to settle some of the debt and throw around a new pipe dreams. See thst nonsense metal trading news they released in January as one example. New money will flow in from clueless investors and traders and will most probably rise . Traders will exit and those wise enough, as inevitably it will slide way back down as more dilution will happen. Give it a year or 2 and will be back to square one, with many billions of shares in issue again and more people sitting on huge losses.

[jungmana] 02/3/2024 11:15

Vast will never grow back and vast will never be a profitable miner.Is a pipe dream to keep new money flowing in.As for the diamonds, they are gone. Vast will not see any of it.This is Zimbabwe not Scotland

[petersmith6] 02/3/2024 11:10

Many investors took a gamble on vast for the diamonds. But if you ignore the diamonds and look at vasts as a polymeric miners with the possibility of mining new diamonds then there is a resnoble possibility of vast slowly growing back..

[jungmana] 02/3/2024 11:06

Vast has never and will never be a company for investment. It is simply one for trading and if you are lucky to be in good profit when it spikes for whatever reason just sell and run. But always punt in small amounts that hou can afford to lose. I know someone whose GBP 50k invested here is now worth less than 6k. And I did warned him at the time he invested such a significant amount of his portfolio here.Is a lifestyle company for a few and anyone who has followed the company for last 6+ years knows this.

[petersmith6] 02/3/2024 10:48

I the issue yesterday was trading. 7 people I know who hold vast couldn't buy or sell vast yesterday.

[bionicdog] 02/3/2024 09:51

We have a new definition of "coming good".

[harps01] 01/3/2024 22:51

Another pitiful week for Vast and another low in the share price taking into account the consolidation. A further 10% plus down on the first day. Most consolidations are done to turn the page and get new investors on board. Slightly different here as it's to undertake a placement to keep the lights on. All the talk about it beibg something else is fanciful.

As per previous placements the company is keen to put out positive points but as always not backed up by any figures or contracts. The market makers have no choice but to reduce the share price to clear the placements.

Those talking about large investors buying in, IIs etc have all shown to be false as can be seen though large holdings declarations, where are they?

Management and BoD don't have faith in the company as shown by their collective share position, approximately 0.037%. Probably see this increase as Directors take part in the placement via bonus payments they will be owed. Company doesnt have the money to pay the bonus and it looks good commercially.

Let's see where the share price is this time next week. A premium to the expected 0.6 by BoD or down further from current share price 0.32. I wonder if they got the sale of platinum concentrate in before the end of February. I don't believe they have based upon previous track history but let's see what they have to say.

Can the BoD do enough to get new investors in as they have burnt their bridges with a lot of investors as shown with the outpouring of negativity across boards.

[teaboy100] 01/3/2024 20:57

I think robwalsh said he had 50 grands worth. Might not be worth that now tho.

[bionicdog] 01/3/2024 20:53

Only hopeless25 and Gary. GF is just pretending to.