Vast Resources Share Discussion Threads

[astjgroom] 22/9/2017 10:42

I always saw BP as the Jewel in Romania, at least initially, Mainaila was always much more work for less reward, but it's what we were stuck with. We need 6 months results much faster.

[astjgroom] 22/9/2017 10:39

Thanks sleveen

[sleveen] 22/9/2017 10:28

General & administrative expenses (overhead expenses in P&L results)

[astjgroom] 22/9/2017 10:26

Sorry sleevn, what G&a?

[sleveen] 22/9/2017 09:50

$8m on costs, wow for such a small company.

The G&A needs to be halved at least to make VAST viable.

Most of the revenue was derived from PPGM which they have now sold down to 25% from 50% holding.

BPM loss making.

I suggest that BPM concentrate production costs/tonne are still higher than the revenue/tonne, even in the better production months.

IMHO.

[sleveen] 22/9/2017 09:37

Cash costs of concentrate exceeded realisable sales values per tonne by a wide margin.

[guyswonga74] 22/9/2017 09:02

I am expecting it to rise now on this on re reading it. The important thing is reduced debt and improvements made to mines. Bppm licence will surely be next. Great level to buy in at

[edgein] 22/9/2017 08:50

Guyswong,

Yeah didn't think they'd narrowed the loss or reduced the debt so much during that period with the spend on Manaila. Its this financial year that's going to be important after we saw the rise in production and grade from Q2 '17. It would be nice to see this increase further towards capacity in Q3-Q4 production numbers when they come out. To reduce the loss so much last year is certainly heading in the right direction for April 17-March '18 and the expected profitability before year end.

Regards,
Ed.

[guyswonga74] 22/9/2017 08:43

Cash burn is dissapointing but I see it mostly asnpaying down debt and improving operations. 230% increase in Zimbabwe and don't forget Romania hampered by bad weather. On the whole a good set of results. Just need the bppm licence and confirmation of 10million funding and this will fly. Market a little weary of cash burn hence the muted sp

[edgein] 22/9/2017 08:30

Interesting set of results for the period ending march '17. Significantly increased revenues and a greatly reduced loss for the year. Cause this is followed up by the following for the start of this financial year the first quarter being:

Summary of Q2 2017 Production:


-- 41% increase in tonnes of ore mined from Q1 2017 to 27,707 dry tonnes (Q1
2017: 19,711 dry tonnes*)

-- 54% increase in tonnes of ore milled from Q1 2017 to 28,082 dry tonnes
(Q1 2017: 18,262 dry tonnes*)

-- 57% increase in copper concentrate produced from Q1 2017 to 828 dry
tonnes (Q1 2017: 526 dry tonnes)

-- Copper concentrate grade maintained above 18% threshold at 18.2% (Q1
2017: 18.8%)

-- 19% increase in zinc concentrate produced from Q1 2017 to 157 dry tonnes
(Q1 2017: 132 dry tonnes)

-- 51% increase in zinc concentrate grade from Q1 2017 to 39.8% (Q1 2017:
26.3%)

-- Inaugural concentrate production from test phase of the Knelson
Concentrator extracting a pyrite concentrate containing gold credits - 5
dry tonnes at a grade of 45g/t produced since commissioning on 25 April
2017

So no wonder the company expects to be profitable before the year end as both production and zinc/copper/gold prices have increased since March '17. Interims should look much healthier. Carlibaba results due before the end of the month and BP licence due soon too.

Regards,
Ed.

[ianio5691] 22/9/2017 08:09

RNS final results

[guyswonga74] 21/9/2017 10:16

Would like to see these investors buy us out at 1p This share is so stressful

[temmujin] 21/9/2017 01:04

just 8 friggin days to go before final results!

Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining
29 September 2016
Vast Resources plc
('Vast' or the 'Company')

Final Results

Vast Resources plc, the AIM-listed mining company with operations in Romania and Zimbabwe, is pleased to announce its final results for year ended 31 March 2016.

OVERVIEW OF THE YEAR
Vast transitioned into a mining production company during the year under review, with commercial production commencing at two mines, the Manaila Polymetallic Mine in Romania ('Manaila') and the Pickstone-Peerless Gold Mine in Zimbabwe ('Pickstone-Peerless').

[nicosevos] 20/9/2017 19:14

19-Sep-17 16:27:44 0.375 25,000,000

at that time it was 0.37p / 0.38p, and there were sells at 0.37p.

hmmmmmmmm.....

[gemstar2] 20/9/2017 17:54

Negotiated £90,000 sell

[baggytrousers] 20/9/2017 16:54

VAST are presenting in London next week at the NEX Exchange at the Share Talk Investor's Evening alongside RGM, CON, and WDC.

Book your free tickets using the link below:

hxxps://www.eventbrite.co.uk/e/regency-mines-widecells-group-vast-resources-connemara-mining-company-tickets-28740408335

[temmujin] 20/9/2017 16:43

Today 16:39Monday 16th Jan share price 0.35p - This is when we didn't have a NOMAD and was 2 weeks from suspension!!

Wed 30th Sept share price 0.365p - BP license imminent - Funding imminent - WTF Is going on with the SP??
Is this going to trade at this level forever???? Something is seriously not right here....

[yorgi] 20/9/2017 16:39

St Anne's still selling possibly.

[bionicdog] 20/9/2017 16:29

It's almost as though he makes it up.

[guyswonga74] 20/9/2017 15:51

Then 8 million dumped by our seller. One day Rodney....

[temmujin] 20/9/2017 15:07

5m buyer back..must be soon

[bionicdog] 20/9/2017 13:00

I thought it was today. You'd been told after all.

[temmujin] 20/9/2017 12:57

flurry of big buys though...news tomoro?

[guyswonga74] 20/9/2017 12:28

Suprised it's drifting down with the newsflow ahead. AIM never ceases to surprise. Shows how little confidence the Market has with the BoD. Time to step up to the plate Roy