Vast Resources Share Discussion Threads

[jungmana] 26/10/2017 12:35

Incredible volume traded already. will knock 1bn today

[tidy 2] 26/10/2017 12:34

Pursuant to this intention, Resolution 1, if passed, will give authority to the Directors to issue up to 500 million shares and Resolution 3, if passed, will give authority to the Directors to disapply pre-emption rights in respect of 250 million out of the said 500 million shares. The Directors do not intend to utilise this full amount, only what is required to serve the Company's short-term needs

[letmepass] 26/10/2017 12:33

Primary bid? Being mindful of our previous statement about avoiding dilutionary share issues, the Directors further intend that in the event that shares are issued for cash, subject to disapplication of pre-emption rights, then existing shareholders at that time will, as far as is reasonably possible, be given an opportunity to participate on the same terms.

[turpitz] 26/10/2017 12:27

in out in seven days.

[carla1] 26/10/2017 12:23

Sure is as this will go to placement price

[deanroberthunt] 26/10/2017 12:20

0.45/0.5...is it worth it?

[carla1] 26/10/2017 12:15

Cancelled it due to placing

[deanroberthunt] 26/10/2017 12:15

you said you had an "active order" at 0.5 ?

[edjge2] 26/10/2017 12:12

had a few back like jungmama

[carla1] 26/10/2017 12:09

Good lads ...Will build a position from 0.45 downwards

[turbotrader2] 26/10/2017 11:44

Welcome Pete I sent you a mail

[mostro] 26/10/2017 11:37

Many more buys than sells, I just added another 200,000..

[petebarnes1] 26/10/2017 11:23

I am aboard good luck all

[showme01] 26/10/2017 11:20

This peaked at 0.79p a few days ago. Now 0.52p to buy. Since then we have had a stronger resolution put forward to limit the amount of new shares that be issued and the article in Share Prophets above says that there are multiple parties interested in funding Vast which won't dilute shareholders. Make your own conclusions.

[chesty1] 26/10/2017 11:15

Going back up this afternoon imho

[showme01] 26/10/2017 11:13

Quite happy if somebody wants to post this on LSE

[deanroberthunt] 26/10/2017 11:12

pends what it's discounted from ?

[carla1] 26/10/2017 11:11

Oh dear.. discounted placement 0.3 ??

[showme01] 26/10/2017 11:11

Just found on Pro active

Hopefully this won't be moderated but shareholders will get the chance to buy in what I guess will be an open offer

09:09 26 Oct 2017
The company needs a small amount of capital while negotiations and due diligence continues for a larger funding arrangement

An AGM will take place on November 10
Vast Resources PLC (LON:VAST) told investors it intends to raise a small amount of equity capital to maintain its ongoing operational activity.

The company said in a statement that it has been presented with a number of potential non-dilutionary finance options from metal traders and debt providers.

READ: Vast Resources highlights significant progress for Baita Plai approval.
These opportunities, if realised, will materially reduce the company's need to obtain financing either from the sale of a proportion of the company's assets in Romania or through the issue of further equity share capital in the company, it said.

Negotiations and due-diligence are ongoing.

READ: Vast Resources kicks off prospecting activities at Piciorul Zimbrului and Magura Neagra
£Being mindful of our previous statement about avoiding dilutionary share issues, the directors further intend that in the event that shares are issued for cash, subject to disapplication of pre-emption rights, then existing shareholders at that time will, as far as is reasonably possible, be given an opportunity to participate on the same terms, the company added.

It also confirmed that it will hold an AGM on November 10.

[...]

[deanroberthunt] 26/10/2017 10:59

vitriol, is that like vicodin ?

[ihavenoclue] 26/10/2017 10:56

They didn't mention size, even though max would be 500m, or the price and market hates uncertainty hence the drop

[darkdemon1975] 26/10/2017 10:38

seems to be an awful lot of vitriol in this thread... wow... chill guys

[tidy 2] 26/10/2017 10:18

Same here Jung's.