Vast Resources Share Discussion Threads

[ihavenoclue] 01/2/2017 12:49

A bit of consolidation again is healthy before the next leg up ... with or without news IMHO

[ihavenoclue] 31/1/2017 15:56

yorgi .... would it be more relevant to add a graph for current copper price now ? :)

[astjgroom] 31/1/2017 14:02

No one listens, just ignore him

[astjgroom] 31/1/2017 13:35

Why don't u two guys push off with ur bickering, it's not just ur thread and no one else is the slightest bit interested

[ihavenoclue] 31/1/2017 13:25

temmuchimp .... I pity ANYONE who listens to your low IQ dribble !!

[temmujin] 31/1/2017 12:55

not sure which way this will go but MM games being played now..i noticed it went into auction earlier so big boys may have sold out for a while..they will keep raising the offer to suck you in...might hold fire for a while...PREM does look good at the moment and AST

[yorgi] 31/1/2017 09:12

Thank you BernieBoy :-)

[ihavenoclue] 31/1/2017 08:58

Richie ... the one to 2p ? ;)

[bernieboy] 31/1/2017 08:54

Nice to see you back Yorgi! ?

[richie32] 31/1/2017 08:39

Smaller bowl finished. Bigger bowl forming

[jungmana] 31/1/2017 08:32

Sold my last lot this morning to add to PREM. That imo is a lot cheaper and should be 2 to 3 times the market cap today.Good luck all here. I may be back

[ihavenoclue] 31/1/2017 07:42

Oh and FITB Boy ... not only is it hilarious you bought FITB at 0.55p after all the smart ones bailed but then to say "I don't care if it drops it is what the share does in 2 years time that counts" just before they revealed they only made £60k selling 14k devices ... best of luck on that one lol

But then to try and attack me using VAST is the totally wrong share at the wrong time to do it. A year ago would have been perfect but not now and it is hilarious how you seem to go out of your way to show you haven't got the foggiest what you are doing on here !!

Have a great day :)

Regards
IHNC

[ihavenoclue] 31/1/2017 07:32

NY Boy
30 Jan '17 - 20:57 - 7273 of 7277 0 0

The clue is in your name

_____________

LOL Time to give it a rest 'FITB Boy' ;)

[yorgi] 30/1/2017 23:09

Funding 'heralds a new phase of growth' says Vast Resources chief

Published on Jan 30, 2017
Vast Resources PLC (LON:VAST) has told investors they're to offload a chunk of its stakes in the Pickstone-Peerless and Giant gold mines.

SSCG Africa Holdings (SSA) is acquiring the interests in what is described as a strategic investment.

Vast CEO Roy Pitchford tells Proactive: ''It's a step forward in Zimbabwe and it provides us with funding for Romania''.

[yorgi] 30/1/2017 22:38

INVESTMENT OVERVIEW
Vast Resources eyes big opportunity in Romania
Share
10:59 30 Jan 2017
Vast is one of the few junior mining companies around that can actually boast real progress over a difficult year
picture of ore sample
INVESTMENT
OVERVIEW: VAST
THE BIG
PICTURE
Vast is being presented lots of opportunities
Under the direction of chief executive Roy Pitchford, VAST Resources PLC (LON:VAST) has made big strides forward in recent months.

Indeed, Vast is one of the few junior mining companies around that can actually boast real progress over a difficult year for the sector.

It’s brought not one but two mines into production, Pickstone-Peerless in Zimbabwe and Manaila in Romania.

But the wheel is turning again and Vast has just announced it is to halve its interests in Zimbabwe and focus almost solely on the Eastern Europe country.

Numerous opportunities in Romania

SSCG Africa Holdings (SSA) is acquiring a stake in Vast's Zimbabwe operations in what is described as a strategic investment.

It will stump up US$4mln in cash for 49.99% of the company’s 50% interest in the Pickstone-Peerless gold mine and the Giant gold mine in Zimbabwe; in other words, Vast’s stake in these mines will reduce to 25%.

In addition, SSA will lend US$4mln to Vast. The loan will be repayable in four years’ time and will carry an annual interest rate of 12%.

Proceeds from the transaction will ensure Vast is fully funded to accelerate development of its core Romanian portfolio of polymetallic mining interests.

“By accelerating the development of our assets in Romania, enabling the company to become cash flow positive without the need for additional dilutionary fundraisings, I believe this transaction heralds a new phase of growth for Vast where we have the ability to rebuild shareholder value,” said Roy Pitchford, chief executive of Vast.

"We have been presented with a uniquely exciting opportunity to re-commission numerous high value brownfield mining assets across Romania, and through the application of a fully funded and robust investment strategy.

“Our immediate priority is to expand and develop our current resources in and around the Manaila Polymetallic mine complex and establish one of Europe's largest copper mining projects,” Pitchford said.

Vast recovery

Shares in Vast shot up to 0.39p on the day, marking more than a 100% gain since December's announcement of a profit before tax from continuing operations in the six months to the end of September of US$265,000, versus a loss of US$3.62mln in the same period of last year.

Revenue shot up to US$14.12mln from US$1.04mln, reflecting the commissioning of Pickstone-Peerlees and Manaila.

Manaila central to ambitions

At Manaila, as well as copper the miner recently started sales of a zinc concentrate while a second copper flotation line will come on stream this year alongside a gold and silver tailings recovery facility.

Two new prospecting licences in Romania acquired recently will also be able utilise the mine's facilities.

Piciorul Zimbrului and Magura Neagra are both located in the Bistrita-Nasaud county of Romania.

The former is some 19 kilometres (km) away from Manaila, while the latter is 47km away.

Vast will explore these as future potential sources of ore as part of a proposed new metallurgical processing facility at Manaila.

Share

[yorgi] 30/1/2017 22:36

target 0.7p

By Zak Mir 30 January 2017
1 mins. to read
Vast Resources: Bull flag breakout could target 0.7p
I have to admit that after the Vast Resources (LON:VAST) share price was slapped down in the second half of 2015, it was rather difficult to keep the faith with the stock – until now.

It has not exactly been a pleasant ride as far as fans of Vast Resources have been concerned, and it must be said that the company did originally have plenty of private investor support. The hope now though, is that this support may be returning for the Romania focused miner.

This is said on the basis of the latest update from the company, which highlights an $8 million non-dilutive funding, which is just what the doctor (and the bulls) would have ordered at this stage. As the company’s CEO Roy Pitchford said today, the hope is that with this new cash in hand the journey towards being cash flow positive may be accelerated.


If this is the case then the recent lowly valuation of the group would appear to be inappropriate, and if nothing else one would expect some of the perma bears of the stock – of which, I am in no doubt, there are several – to throw in the towel and deliver a decent intermediate squeeze higher for the stock.

As for the upside, it can be seen on the daily chart how we have notional support for the stock at the 200 day moving average lying at 0.26p. The assumption to make is that as little as an end of day close above neckline resistance at 0.4p would be enough to deliver a top of April price channel target as high as 0.7p over the next 1-2 months.

[ny boy] 30/1/2017 20:57

The clue is in your name

[ihavenoclue] 30/1/2017 20:54

Above 0.5p the warrants become available ... then the sky is the limit :)

An excellent mid to long term hold IMHO

[glenkaz] 30/1/2017 19:10

Don't do aim but have to say nomad news. Is fantastic for you guys well done for all! 🤒

[strongbuy] 30/1/2017 18:16

4p would be acceptable 😉👍🚀🎉7864;