Vast Resources Share Discussion Threads

[mindthegapup] 16/7/2024 11:53

I took part in the recent placing and added to my already decent holding. Locked and loaded. At 1 mill mcap this could do quite a few bags from here GLA

[gold finger 1] 16/7/2024 11:48

After all the buys yesterday, They will have plenty to sell now, from those that took the placing shares. In my opinion they will keep this share price around where it is now. While using those placing shares that need to be sold, back to keep the train from running away here. I will buy more next week when the price will be a little cheaper in my opinion. If not cheaper around the same price.

Lets see DOG dance to that post. lol.
Dance dog, dance.

[kemche] 16/7/2024 11:29

MMs looking for cheap stock as progress continues to be made.

[gold finger 1] 16/7/2024 09:15

forfaitar.

you need to look at more than just one company.
Also you are comparing a giant of the FTSE100.
try looking at AIM or even the ftse 350 index.

I think if you look at most AIM companies they have no Revenue, but have a large M cap.

[bionicdog] 16/7/2024 09:10

Also I don't get up at that time.

[showme01] 16/7/2024 08:44

Fanny finger, do you ever stop?

[gold finger 1] 16/7/2024 08:41

6 of dogs avatars turn up together, for a dance or to show how ignorant he really is.
Dance for me troll. lol.

[forfaiter1] 16/7/2024 08:40

GF .... valuation based on 1.5 times revenue for a non profitable business....for example vodafone is valued at less than o.5 times revenue and is profitable..1.5x is far to high especially when you consider the debt and funding requirements...

[jas2022] 16/7/2024 08:37

Too may crooked aims are going bust, placing at 0.1 was clearly the last straw, no one is going to finance 10mil debt off a loss making mine. Highly unlikely there will be any finance. 2 months this is gone

[leewink1] 16/7/2024 08:30

Selling at an all time low, wow . . .

[jas2022] 16/7/2024 08:00

Debts will be a lot higher with interest.

[shortsqueezer] 16/7/2024 07:19

Never been an investment case and for a very long time it's been a basket case.

[gold finger 1] 16/7/2024 07:09

Something else that should be taken note of is the very low debt that vast have at this moment, around £8m. That is nothing when you look at what it would normally cost to get a mine to the stage vast are at. But hold on there's more. For over a years there has been a drilling campaign going on. That has to be added to what the debt would have been. But no its had to be paid for from dilution. At some point this will be added to the market cap. Imo.

[gold finger 1] 16/7/2024 06:47

So let's look at vast just as a investment case. In last years accounts we saw the revenue was about $3m . We know that this year its going to be a lot more. With BP ramping up and revenue from Tajikistan to add let's call the revenue will come in at say $4m. Working on the case that the market would put a very low valuation of just ,times 1.5 so that's a market cap of around £5m. Now what is the market cap now about £1.2m. Now what price are those warrants at 0.4p. So that would give a market cap of about £5m. Now I know this will be very difficult for the troll to take in. But it will give him something to negative to post. Like revenue is not profit. But being a complete idiot on how companies are valued, those of you that still read their post will have a lot to read from them after they see this post.