Vast Resources Share Discussion Threads

[gold finger 1] 14/11/2024 12:16

Those few small sells wont do it. We need bigger amounts to fill the beast.

[g2theary] 14/11/2024 12:15

Back above .1p today!!! Nice bounce off the last bottom of .07p... based on the recent announcements of late bar the placing all positive! We don't need dimonds to move to .2p in my opinion!!! BUY BUY BUY!!!!!

[m_night10] 14/11/2024 12:14

I believe by recent comms an update on the historic package is very close now.

I suspect we'll see a 2,000% rise from these lows when released.

Soon FOMO will kick in for this news so I know many are loading up now before the herd arrive.

[gold finger 1] 14/11/2024 12:13

Must be good news. This must be the first time they have not dropped the price on a good RNS. seems that people are saying its very hard to buy. I dont know i bought another top up yesterday. A few more sells please. We need to be able to fill this order as fast as possible. Seems that whoever is buying wants as many as cheap as he can get. The MMs must be struggling with shares now. They will have to rise the price to get more soon.

[leewink1] 14/11/2024 12:13

It's bordering bankrupt, DYOR.

[g2theary] 14/11/2024 11:45

So that means revenue has satisfied the court as Dodge was saying could be an issues yesterday. Opens the path way for funding now also Diamonds en route ;)

[dodge_city] 14/11/2024 11:44

Finally Spiv achieves something. But refinancing has to be completed and at what cost to shareholders.

I reckon there will be another RNS tomorrow. The market has clearly got wind of something.

[bionicdog] 14/11/2024 11:37

I have , you obviously haven't.

[m_night10] 14/11/2024 11:36

Heading to 0.2p quickly from here. 150% rise to come DYOR.

[bionicdog] 14/11/2024 11:33

Buy more you idiots.

[purchaseatthetop] 14/11/2024 11:28

“Yet more good news along with more progress.”

Are you reading the right company RNS?

[bionicdog] 14/11/2024 11:24

Utter drivel as usual.

[gold finger 1] 14/11/2024 11:22

so there we have it. Yet more good news along with more progress.
Looks like vast are going nowhere trolls. But you were told.
Anyone wanting to sell now, you can, they will give you a nice small price though.
Now the news can start to be released, if they want too.

[teaboy100] 14/11/2024 11:13

They just kicked the can down the road until April next year. AP is the self appointed company administrator and can choose which debts he want to pay, and which to delay, and which to call nuisance. Farcical.

[forfaiter1] 14/11/2024 11:11

Vast Resources plc, the AIM-listed mining company, is pleased to announce that further to the announcement of 21 October 2024, the reorganisation of Vast Baita Plai SA, the Company’s wholly owned Romanian subsidiary that holds the Baita Plai association licence, continues to progress favourably following the previously announced court hearing held earlier today.

Today’s court hearing involved the Company’s Judicial Administrator presenting the rejected creditors and arguing the merits for rejecting any creditors from the initial creditors table, as well as presenting the progress made since entering reorganisation, and the initial step plan for the reorganisation. To date, the reorganisation has made it possible to reduce the labour force, to redraw labour contracts and work practices, and at the same time obtain up to four years repayment terms for its accrued debts and eliminate nuisance claims.

Following this successful court hearing, the next court hearing has been scheduled for 3 April 2025 and will involve the Judicial Administrator providing further updates to the court about the progress of the reorganisation

[forfaiter1] 14/11/2024 11:05

Looks like the court hearing went favourably for vast.....

[purchaseatthetop] 14/11/2024 10:48

Revenue 6 months to 31/10/23 $1.791m
Total revenue y.e 30/4/24 $2m

So in the six months to 30/4/24 they earned just over $200k.
Nobody was actually working.

[teaboy100] 14/11/2024 10:18

GF believes everything that dribbles out of APs mouth.

[gold finger 1] 14/11/2024 10:14

Costs for the production of the CU CON at BP should be reduced massively now they have implemented the reorganisation plan, also reduced the labour by half. Not only these, but now have people working that want to work. Along with the significantly reduced labour force and reduced operational costs through improved working practices have already been achieved; the workforce now numbers 162, down from 326, and further optimisation initiatives are being implemented, including focussing on high grade areas to conserve the Company’s cash resources, improve project outcomes, and provide a stable platform for phased growth.
All this along with the ore from the former Hanes Gold Mine being used in utilising excess capacity at the BP plant.

[bionicdog] 14/11/2024 09:44

Just shut up you idiot.

[gold finger 1] 14/11/2024 09:41

So why was this news not released to the market.

Aprelevka Below, Aprelevka open pit extension with newly discovered high grade and Blasted new area for benching the extension and Blasted new area for benching the extension.
This is the main info that needed to be reported on. Aprelevka open pit extension with newly discovered high grade. Was it being held back until other news was released fist. I expect so, otherwise it would have been just wasted like the other good news has been. The same could be the case for the second agreement regarding the results of the 500 ton of concentrate.

We expect further news shortly in relation to the final assays of the 500t concentrate sale outlined in the Second Agreement and will provide updates as soon as appropriate.”
Note the wording not as soon as possible, but as soon as appropriate.
When your market cap is under £2m. this news should be released when appropriate, not before.

[teaboy100] 14/11/2024 09:27

You've had too much jungle juice. Go sleep it off. For a few years.