Vast Resources Share Discussion Threads

[temmujin] 25/7/2017 16:16

guys trust me on this one..never been more certain since QXL rocketed

[temmujin] 25/7/2017 11:49

copper now at 280..think about the leverage at that price...kerchingggggggggggg!

[temmujin] 25/7/2017 10:36

bend over MMs..your time to be shafted!

[temmujin] 25/7/2017 10:32

QUARTERLY PRODUCTION FIGURES IMMINENT...WILL BE MASSIVE!!

[edgein] 25/7/2017 09:53

IHNC,

Sure its cheap, but as of today its a 25% premium to the share price and that $10m will come in handy in Romania. Demerger of the Zim assets is also intersting as the cap here isn't pricing in very much.

O/T,

certainly an interesting proposition that one given the multi bn NPV of circum.

Regards,
Ed.

[ihavenoclue] 24/7/2017 22:36

Edgein ... I feel 0.4p is a bit of a steal TBH but the funding was required to move forward.

O/T on PREM ... agreed but on the flip side would it not be better to get a JV, hopefully with cash involved, sooner so they can buy up to 12% in Circum ?

I feel it is swings and roundabouts on that one IMHO

Regards
IHNC

[edgein] 24/7/2017 11:02

Very interesting, funding at a 10% premium to the current share price. A new cornerstone investor taking up to 29.9% of the company and vast significantly funded to the tune of $10m after phase 2. I guess they'll want this to complete before VAST announce the feasibility study and current operational progress. But strengthens the company's balance sheet significantly with what hopefully is a new long term investor.

O/T.
Ihavenoclue I hope it takes some time at PREM, I'd like to see Zulu fully drilled/assayed before any jv/sale.

Regards,
Ed.

[113mike] 24/7/2017 10:45

Good VAST rns imo. This is a good LTH for me.

[ihavenoclue] 24/7/2017 10:41

Reduced by 30% to add to PREM but do not feel news will come as soon as some seem to think ref Zulu.

[jungmana] 24/7/2017 09:56

Sold out and added to my PREM. Some big news expected there shortly.I will be back hopefully at this level.Good luck all.

[nicosevos] 24/7/2017 09:03

That's the way I see it.....

[jungmana] 24/7/2017 08:50

Another way to put it this news is partly placing at 0.4p.Positive news anyway

[yorgi] 24/7/2017 08:49

ADVFN are letting us down on that front far too often.

Anyway very good news :-)

[yorgi] 24/7/2017 08:47

Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining

24 July 2017
Vast Resources plc
("Vast" or "the Company")

Conditional Heads of Terms for US$10 million Investment

Vast Resources plc, the AIM-listed mining company with operations in Romania and Zimbabwe, is pleased to advise shareholders that it has entered into a conditional heads of terms relating to a proposed investment of up to US$10 million in Vast ('the Proposed Investment') by a corporate finance and investment firm with significant experience in and investment in Romania (the 'Investor').

The Proposed Investment is also subject to the rights of Sub-Sahara Goldia Investments ('Sub-Sahara') pursuant to its US$4 million loan to the Company as announced on 30 January 2017 which has a right to provide equivalent finance to the Proposed Investment if the terms and conditions are the same.

The Proposed Investment is in two stages, US$8 million at Stage 1 and an additional US$2 million at Stage 2. Stage 1 is a direct subscription by the Investor for new shares in Vast Resources Romania Ltd ('VRR') which company will hold all Vast's Romanian assets and would result in the Investor holding 51% of VRR. Stage 2 would result in the subscription by the Investor for a nominal number of further shares in VRR followed immediately by the acquisition of the Investor's entire holding in VRR by Vast for the issue of ordinary shares in Vast at 0.4p per share and which, depending on exchange rate fluctuations and share issues through warrant exercises, is estimated to give Investor approximately 29% of the enlarged share capital of Vast.

Stage 2 will require the passing of an ordinary resolution at a General Meeting of Vast.

The funds raised must be used for the Company's capital expenditure and working capital requirements, mostly for the expansion of the Romanian operations. Subject to Stage 2 being completed there is also an allocation of funds for costs in connection with the possible demerger of the Zimbabwe assets from the Company.

The Proposed Investment and its Stages are subject to preconditions of a standard nature including the completion of the Investor's due diligence and the procurement of the release of Sub-Sahara's security over the Company's non-Zimbabwe assets. For Stage 2 specific conditions include;, (1) that Vast can legally procure the payment of a dividend from Breckridge (Pvt) Limited ('Breckridge'), the owner of the Pickstone Peerless Gold Mine in Zimbabwe, subject to there being distributable profits in Breckridge, and (2) that Vast can procure to the satisfaction of the Investor the visibility of dividend payments by Breckridge and or payment from funds in Breckridge to Vast of an appropriate proportion of general administrative costs of Vast following completion of the Proposed Investment.

The Proposed Investment is subject to agreement and signing by all relevant parties of necessary documentation, including a detailed subscription and shareholders' agreement and the provision to the Investor of customary warranties and representations appropriate to the Proposed Investment relating to the Company, its business, assets and liabilities.

[yorgi] 24/7/2017 08:44

Strong buying.

[nicosevos] 24/7/2017 08:44

RNS!!!!!!!!!!!!!!!!1

[yorgi] 24/7/2017 08:41

Interesting start to the day :-)

[mhin2] 20/7/2017 20:50

seems to me somebody is buying. If we assume that Aim, the directors and the city are full of insider self enrichers that manipulate the market to their own benefit...it seems to me that there is good news coming...reported trades and rising share price are anomalous in an upward direction...It may be a con, but its gone on for a few days and indicates that sells are actually buys....I could start swearing but I am resigned to the fact that the whole market and the insiders are corrupt and are allowed to carry on behaving in risk free space of asymmetric information to the detriment of `mug punters' like us

[bill hickman] 20/7/2017 16:37

We need that dam licence PDQ and JV news as well.

[bill hickman] 20/7/2017 16:35

Right on it is. Good news soon and then we are away :-))))

[ihavenoclue] 20/7/2017 16:33

Which is about bloody time ... even 0.5p is too bloody cheap for this share IMHO

[temmujin] 20/7/2017 05:25

very soon now

[toby tots] 17/7/2017 13:52

MMs still soaking up all the sells!