Vast Resources Share Discussion Threads

[luckyvince] 27/3/2017 14:47

Ok. 0.62. If it went to 6.2 i could retire from being retired.

[luckyvince] 27/3/2017 08:51

Calm down now. Good volume or good news needed to break this 6.2, then we will be into the 7s soon enough. Aimo of course.

[laptop15] 27/3/2017 08:41

Up she goes boys!! Big week ahead for VAST, JORC plus maybe more!! Hold on to your seat belts and strap in for the ride :))

[ch4p_85] 27/3/2017 08:40

I am speaking of other companies here... obviously..

[ch4p_85] 27/3/2017 08:39

I am wary of the JORC every time one of these have landed the share price has plummeted. Will be watching closely when this happens.

[32sam] 24/3/2017 13:09

Hold on to your seats..tree shake, seen news article in Romanian press why reiterate the news? We are company in making.

AS always dyor

Sam

[yorgi] 24/3/2017 12:17

I'm guessing you have not done a lot of homework on VAST then LW !

[guyswonga74] 24/3/2017 12:04

Jorc due next week

[g2theary] 24/3/2017 11:51

This will hit high .60's if not .7 before the day is out with this volume imo

[lw425] 24/3/2017 11:50

Can someone please explain if 49.9% is valued at 1.135m dollars then the read across valuation is 2.270m dollars for the 100%.

So why are you all so bullish?

[yorgi] 24/3/2017 11:35

Very true :-)

[guyswonga74] 24/3/2017 10:23

Rising very nicely. Expect it to finish above 0.6p ready for Jorc next week. Great recovery play this share

[the patient investor] 23/3/2017 20:43

yorgi
thnks

[mhin2] 23/3/2017 19:40

To me VAST is interesting for the Romanian licences (Zimbabwe has a lot ahead of it). I make the assumption that VAST is making connections and viewing further opportunities in what seems to me to be a neglected, but resource rich, part of Europe. Its Romanian potential that attracts me, of course Zim (post problems)

[yorgi] 23/3/2017 11:28

The P Investor.......looking longer term if things go well and no more slip up we could be looking at a £100m + market cap in the coming years, but I don't see that happening overnight. We still need that BP licence of course. Also there will be further dilution as warrants that are in the system are exercised.

[susiebe] 23/3/2017 11:24

dssloan,Thank you for that.Will have a look at lse,this LeeMorris knows his stuff re Vast.Very encouraging for holders while we wait for our much anticipated re rate.

[the patient investor] 23/3/2017 11:23

Spent all morning reading the RNSs since the 20/12/2016 results.

Outstanding story. Really impressive.

I also love the quality and frequency of communication with shareholders.

I was here before at 0.38 ish as a punt but now this is my long term investment.

Has anybody a price target fir the next 1,3,5 years?

In with 3k at .5365

Thx

[dssloan] 23/3/2017 10:59

Quite an insightful post from 'Leemorris' at 20:22 on Wed from the LSE board.
Apparently, Vast pulled off quite an advantageous deal.
______________________________________________________

WOW…..What an RNS from Vast Resources this is. Tip your hats guys to vast and Andrew Prelea over in Romania, he is the mastermind behind the significant progress we are making in Romania.

We now currently own 100% of the Manaila Polymetallic Mine, hidden within the depth of the RNS is a very interesting statement (Discussions are continuing concerning further transactions in relation to Sinarom, which could include the introduction of a joint venture partner and / or securing debt at the subsidiary company level to help increase production at both Manaila and advance the newly acquired Piciorul Zimbrului and Magura Neagra licences, which are proximal to Manaila).

It seems this very important factor has been missed by many, the newly acquired Zargra mining licenses which are currently valued at approx $30 billion are attracting the possibility of a JV or Debt funding at subsidiary level. Debt funding within the Romanian operations. If this isn’t enough to wet your taste buds read the following “Both licences have demonstrated their prospectivity for polymetallic mineralisation and Vast is considering the potential to develop these assets as part of an enlarged Manaila Metallurgical Complex”. With the recently 20X enlargement of Manaila and the new licenses Vast seem to be setting up a Hugh mining complex around the Mining area including Manaila and Zargra.

The consideration for the purchase of the shares and outstanding loan account owned by Mr Ni Jin Ming is US$1,135,000, with US$400,000 payable by 31 March 2017 and the balance of US$735,000 on 30 April 2017. The initial payment will be funded from existing cash resources whilst the final instalment payable on 30 April 2017 is expected to be funded by the Company raising additional funding at the asset level, which it expects to complete shortly. (Vast recently sold 50% of their stake in the Pickerston Peerless Mine in Zimbabwe, for a sum of $4 million and a $4million loan. Andrew Prelea has not only not used a single $ of the funds this buy out, and looks like we will be securing even further debt funding to pay back the final instalment of $735,000.

Vast has played this very cleverly, Andrew Prelea has not only pulled of an amazing business deal but has saved Vast approx $1.6 million. The outstanding debt to Mr.Zheng was $2.08million we have purchased this debt for $1.165 million, a saving on the total debt of $915,000. Hey it does not stop there Vast Resources are now free of the payment due to Mr Ni Jin Ming of $646.000 on receipt of the Baita plai mining license.

We have all waited a very long time for this sort of movement from Vast, the time has come to allow Vast to become 1 of the biggest miners in Europe.

[32sam] 23/3/2017 08:31

Not letting it go off the breaks a yet?

[yorgi] 23/3/2017 08:27

Carrying on where we left off yesterday :-)

[32sam] 22/3/2017 14:57

Job= jv partner, sometimes modern technology cannot replace human intelligence. Anyway onwards and upwards, breaks will be released.....

[32sam] 22/3/2017 14:55

I wonder the new job will be sscg as per previous research if all is well.Sam