Vast Resources Share Discussion Threads

[gold finger 1] 15/3/2024 11:33

I am amazed that how many companies have much larger Market caps than many vast, yet have no income, and so lose money every year. Lets ignore that. Now lets look at a possible reason why they have such a large market cap. When they produce nothing. One i read the other day had a market cap of £9.00m net interest £6.3m no revenue, showing a operating profit of £1.03m, were this come from on no revenue is passed my pay grade. So showing a loss of £5.32m for the year.

So now lets look at what they have in the bank. £154m. Nice, for the bankers.
Current and non current Liabilities £220.81m so take whats in bank from Liabilities and you get debt of £66.81m. Add the fact that they have no revenue, Makes me think why do the have such a large Market cap. Could it be that the bankers are making a nice return on their debts. So the market is happy to oblige with a larger market cap, to keep the money flowing.
Seems as long as you are borrowing money, and so keeping the finance sector happy, by helping them to stay afloat. Having no real business make no difference.

I will stick with owning shares that actually do have a business.

[bionicdog] 15/3/2024 11:22

GF knew all of this would happen , that's why he bought in 2020. It happens with every mining company apparently.

[leewink1] 15/3/2024 11:16

Not when it is stuck in the ground you wont, a meaningful RNS of say three hundred percent production increase may raise an eye brow, for now its mining at heavy loss, and the mine lifes clock is ticking and running lower each day, mining at loss, great prospect this is.

[teaboy100] 15/3/2024 10:32

Never mind the SP, that doesn't matter. Just look at all the progress. All the deals being done. All the ramping up of mining. And the price of copper, wowser. We're gonna be rich rich rich.

[leewink1] 15/3/2024 10:22

GF we need some more invention and BS quick, she is going down.

[leewink1] 15/3/2024 10:20

Put another house worth in quick GF, it's sinking faster than the titanic.

[leewink1] 15/3/2024 10:19

The normal day it is then, 6 years of this, constant change of invented stories that never come to light, books bordering bankrupt, yet good ole GF still spouts BS in desperation to claw at green PI, go do your research, this company is skint, running on purely share issues, and mining little to nothing that doesn't cover costs.

[skif] 15/3/2024 10:17

The Swiss mafia are taking the company. This is the biggest scam in history.

[beatme1] 15/3/2024 10:14

Massive dilution prelea is trying to do the scum bag

[beatme1] 15/3/2024 10:14

Dump this dog

[shortsqueezer] 15/3/2024 10:10

Looks like another ski slope on the chart.

[bionicdog] 15/3/2024 09:32

Just like it has all the way down from £1.50 you lying scum.

[gold finger 1] 15/3/2024 09:27

Also, the fact that one can monetize the ore, while the other can not. is also ignored. Also the fact that the one company would have to spend many, many millions and many years to monetize, that asset, has been ignored. Even if they tried to sell it, they would have many years and many millions to get someone interested. Then they would have to find someone to buy it.

As i have said before once the debt has been sorted, and it will be IMO. All the ignoring that the market has been doing will go away. IMO.

[gold finger 1] 15/3/2024 09:15

The above post. I think you can read that and ignore the word, potential.

While the vast one seems they ignored the words, positive drilling results.

[bionicdog] 15/3/2024 09:11

Not if you're thick.

[gold finger 1] 15/3/2024 09:10

is pleased to announce that initial results from the diamond drill program at its 100% owned Cottesloe Project has highlighted significant mineralisation potential.

it has received positive drilling results from Phase 1 of an extensive exploration programme, which confirms the potential to extend the mining area. This process is part of the Company's plans to establish a JORC compliant Mineral Resource and in due course an Ore Reserve for its licence renewal in August 2024.

SO TWO different companies, the top one the price rises. the second one vast the price drops. One vast has a plant up and running to monetize the ore. The other not.

Its just how the market decide to value a piece of news. There is no reality in the pricing.

[bionicdog] 15/3/2024 09:09

He's been wasting coins again.

[shortsqueezer] 15/3/2024 09:03

For facts read lies.

[gold finger 1] 15/3/2024 08:08

I thought long and hard about posting my last post. It's a fact. Now what I wanted to see was this. Who is sat waiting for me to post. Well it was funny because once one posted another posted almost at the same time. .Now I have no idea what they posted, but I have a very good idea. You see their agenda is very clear. I would say they have a very big problem with me posting facts. Facts as I see them. Quite clear facts that come from facts.Fact, vast are a growth company. Being a growth company at the beginning of it's path. The growth is not as fast as some people would like. At the moment the market Are worrying about the debt. Which is funny as they being the key holder to the price so the market cap. They Have been the main contributor by ignoring the progress. If progress is being ignored you get one thing, a falling Sp. But Mark my words, once the debt has been sorted, and it will, imo. The market will look at it differently. Then they will see the growth. Then you will get the move north. At first it will be massive, then a steady move north on the continued progress. These are how I see it. AIMO.

[iceagefarmer] 15/3/2024 04:53

copper $410