Vast Resources Share Discussion Threads

[ihavenoclue] 21/2/2017 07:49

The size of the turnaround of this company in 2 months is staggering !!

[edgein] 21/2/2017 07:48

Amazing turnaround in fortunes, now got an operating +ve cash margin and efficiencies set to continue to improve during the current Q. No wonder the management said yesterday they'll not need to raise cash for the foreseeable future. Bring on BP and another high grade operation will come on stream. Couldn't have asked for more at this stage.

Regards,
Ed.

[1he calculator] 21/2/2017 07:45

The following production and sales figures were achieved during the
quarter ended 31 December 2016:


-- 9% decrease in ore mined to 25,269 tonnes (September 2016: 27,848 tonnes)
- the decrease was due to a cessation of operations in December
occasioned by extremely cold weather. Normal mining operations resumed at
the end of January and heating systems for the flotation circuits are to
be installed in order to reduce or eliminate future stoppages caused by
the extreme cold weather.

-- 8% increase in ore milled to 29,435 tonnes (September 2016: 27,274
tonnes). The increase in milled tonnages was achieved notwithstanding
extremely cold conditions at the Iacobeni Metallurgical Complex.

-- 44% increase in copper concentrate produced to 889 tonnes (September
2016: 616 tonnes) due to a greatly improved throughput in the copper
float line. Production was also augmented by 165 tonnes of zinc
concentrate produced in the quarter equating to a 371% increase
(September 2016: 35 tonnes).

-- 12% increase in sales price of US$1,120 per tonne achieved for combined
copper and zinc sales (September 2016: US$1003 per tonne); copper only
concentrate sales price of US$1,237 reflected a sustained improvement in
concentrate grades produced rising 23% in sales per tonne achieved
(September 2016 $1,003 per tonne). Average monthly copper sales prices of
US$1,204 per tonne at a grade of 19.8%, US$1,254 per tonne at a grade of
19.2% and US$1,218 per tonne at a grade of 19.6% were realised in October,
November and December respectively. A zinc concentrate grade of circa 30%
was achieved on zinc sales in December.

-- Operating costs decreased by 3% to US$32 per tonne milled (September
2016: US$33), but declined by 40% to US$901 per tonne of concentrate
produced (September 2016: US$1,504 per tonne).

-- The decrease in cost per tonne milled was due to the higher throughput at
the plant.

-- The decline in concentrate cost per tonne as compared to the September
quarter was due to the greatly increased production levels. Production
from the separate zinc concentrate line, commissioned during the previous
quarter, also enabled an improved recovery of processing overheads.

-- Processing specialists Minxcon Group is currently engaged to further
enhance the quantity and quality of the zinc concentrate and reduce
operational costs. The planned heating of the flotation circuits should
assist in achieving this.

-- Currently approximately 80 tonnes per month zinc concentrate is being
produced. The Company's immediate objective is to increase zinc
production by up to 85% by June 2017 and to increase zinc concentrate
grades to >45%.

-- An increase in zinc grades will favourably impact sales revenue
per tonne for zinc concentrate in future quarters.

-- A gravity recovery circuit is being installed to increase gold and silver
recoveries.

[32sam] 21/2/2017 07:33

This is a wow of an RNS; Manaila brilliant results. I won't reproduce the figures. imo more than 2p on the cards before summer and I am more convinced of higher market cap when licence, jorc land.

GA
Sam

[bigtune888] 21/2/2017 07:33

Exciting times ahead.

Can we go to 1p today though?

[bernieboy] 21/2/2017 07:31

Get your questions in for today's Web cast. I have asked some regarding expected length of time for BP licence and what they are doing to try to expedite the process. Also thanked them for this new transparent approach and involvement with shareholders. Really seems that they want to make up for past mistakes........

[yoyo2money] 21/2/2017 07:29

Ooo Boy Ooo Boy, Look's like I'll buy some more :) :) :)

[jungmana] 21/2/2017 07:17

That's an excellent quarterlies rns. Look at the 44% increase in copper production . 371% increase in zinc production. The 40% decrease in cost of copper production. Vast continues the March forward.I expect short term news from feneata and BP too.1p will be here short term imoHla

[yorgi] 21/2/2017 07:16

That makes a pretty good read :-)

[fx_wizard] 20/2/2017 23:47

hxxps://www.barchart.com/stocks/quotes/VAST.LS/opinion

[glenkaz] 20/2/2017 19:19

I don't do aim for reasons! But one hell of an upside here! Gla!

[yorgi] 20/2/2017 19:18

Close to 2 years ago it was expected any time............so hopefully very soon :-)

[1he calculator] 20/2/2017 19:12

when is it expected?

[yorgi] 20/2/2017 18:10

Yes we just nudged 0.6p before the close.

Onwards and upwards tomorrow possibly.

We now want to see that licence in the bag !

[1he calculator] 20/2/2017 16:37

1.665m @ 0.6p.

[yorgi] 20/2/2017 16:34

Very much so NicosEvos :-)

[nicosevos] 20/2/2017 16:32

:-)))))))))))))))))))))))))))))
GLA

[yorgi] 20/2/2017 16:30

Didn't quite break .6p but tomorrow !

[yorgi] 20/2/2017 16:28

What a difference a year makes !

[yorgi] 20/2/2017 16:27

Todays RNS most lifted the volume massively and with it the share price :-)

[yorgi] 20/2/2017 16:26

Over 350m traded today !!!

[yorgi] 20/2/2017 16:22

Now all we want is that oh so elusive licence and know that BP will soon be in production.

[yorgi] 20/2/2017 16:21

The chart says it all :-)