Vast Resources Share Discussion Threads

[carla1] 28/12/2017 08:21

Good morning fellow investors..Looks like the seller is done..She gonna BLOWWW

[temmujin] 28/12/2017 05:59

copper now at 4 year high $330...surely this share must start going up on this factor alone

[khalid] 28/12/2017 01:57

We all know that Vast is a great company but we NEED ACTION we are left behind by drifting back instead of going forward .We want Action we have waited long enough.

[khalid] 28/12/2017 01:30

Yes at last he has changed direction let's hope he doesn't look back as he has a long way to go.

[chesty1] 27/12/2017 16:22

It looks blue to me khalid?

[chesty1] 27/12/2017 15:54

That large sale is that our seller out lets see!

[khalid] 27/12/2017 13:46

This dog is still going the wrong way could someone direct him the right way please.

[petebarnes1] 27/12/2017 12:16

GOOD LUCK ALL NEWS SO CLOSE

[chesty1] 27/12/2017 10:32

Happy christmas to all! 2018 is going to be a big year imho for VAST holders!Be lucky to all

[edjge2] 27/12/2017 09:25

Along with GGP, goldies it could all come together, a happy new year. Be an adder or hold on rumanian boss vid looks good partners lining up. tem 22 Dec 17

[deanroberthunt] 27/12/2017 07:35

BP Licence still hasn't been approved by shareholders...and the MOM have another 30d working stat period after that before they can commence operations....so the earliest the licence will be received now is mid Feb, at best

my view is that they'll need to secure the $10m loan before the shareholders approve the licence, so I reckon we could be looking more towards the end of Q1 at the earliest.

[temmujin] 26/12/2017 18:14

copper $328 now ...gold $1288

[carla1] 24/12/2017 16:27

Happy Christmas all especially my banter mates Pete and chesty for keeping us up to date...Hope we all make a fortune in the next 4 weeks..It's going to happen on license news.. just don't sell out to early as the offtake deal will follow.. a easy 4 BAGGER ALL ABOARD

[petebarnes1] 24/12/2017 14:48

lol this is going over 1p news year

[sleveen] 23/12/2017 07:40

g2

Incorrect the loss is now accounted for on the VAST PLC balance sheet as a liability.

It wasn't a cash cost, but the loss was crystallized because half the supporting assets were sold for merely $4m rather than £16m ($4m + $12m) which was the (presumably) historic cost of the assets sold. This accounting loss had to be recognized as a loss in the P&L, but the loan has been transferred to VAST PLC and is now on the balance sheet. So it's NOT just an accounting device.

Remember the assets were sold, not the shares of the subsidiary operating company. VAST is left holding the baby (ie the subsidiary operating company loan)

In addition there is a net current liability of $4m to repay.

The recent placing and cash generated from PPGM (if cash can be extracted out of Zim) might contribute to reducing this.


They desperately need the $10m off take loan, otherwise VAST is toast.

The colder H2 will produce less minerals than the warmer H1.

[temmujin] 23/12/2017 01:59

anyway gold,copper and silver finished well up today..kerching!

[gemstar2] 22/12/2017 20:00

Top trolling guys

The 'loss' was an accountancy entry, as a result of the deconsolidation.

But then you knew that

The only reason the price tanked was because those gambling on T10s and T20s for an announcement had to close out

[milliecusto] 22/12/2017 18:59

Jam tomorrow,plus a 12m loss

[guyswonga74] 22/12/2017 16:13

Lovely drop to end Ron’s legacy

[sleveen] 22/12/2017 14:37

No hint of the operating subsidiary company loan (only assets highlighted) being transferred to VAST:

THEN

"the Company was to
receive gross proceeds of US$8 million principally to advance the
Company's core activities in Romania. This comprised a US$4 million
payment for the sale of a 49.99 per cent interest in the Company's
principal Zimbabwean assets (the 'Disposal') and a US$4 million long
term loan, repayable in four years (the 'Loan')."

And NOW... note 10 from today's interims:

10 Financing arrangement

On 29 May 2017 the Company completed a financing arrangement with SSCG
Africa Holdings Ltd originally announced on 30 January 2017. Under this
arrangement the Company received gross proceeds of US$8 million,
principally to advance the Company's core activities in Romania. This
comprised a US$4 million loan, repayable on 30 January 2021 and a US$4
million payment in respect of a 49.99% interest in the Company's
principal Zimbabwean assets, consisting its 50% shareholding in
Dallaglio Investments (Private) Limited, the holding company for the
Pickstone Peerless Gold Mine, and the assignment of 49.9% of the
intercompany loan owing by Canape Investments (Private) Limited to Vast
Resources Plc.

The assignment of the intercompany loan, with a book value of $14.838
million, for consideration of $2.3 million (included in the $4.0 million
referred to above), gave rise to the recognition of a loss on disposal
of $12.538 million as reported in the Statement of Comprehensive Income

[chesty1] 22/12/2017 14:14

5 mill delayed buy after the bell! Hope 0.5p is the bottom and we can build going into 2018! Licence news and we are game on!

[themattbarnes] 22/12/2017 13:30

Nice of them to get the placing away before the news!

[astjgroom] 22/12/2017 13:13

Just badly planned and run, Roy's legacy, just a concern whether his bad decisions are survivable.

[bionictwat] 22/12/2017 13:07

Lost of lies and no licence

[chesty1] 22/12/2017 12:29

Have a great crimbo break to all!