Vast Resources Share Discussion Threads

[dave4545] 19/11/2018 11:05

What does this stock have to do to get people to stop selling it lower and lower

[temmujin] 19/11/2018 10:40

not rollovers either...same price

[temmujin] 19/11/2018 10:39

HERE COME THE BIG BUYERS

[electrick] 19/11/2018 09:59

Ast. Sorry to hear that
I hope you can recover.

[astjgroom] 19/11/2018 09:24

Bankruptcy

[footloose2] 18/11/2018 08:59

Good find Tem

Makes perfect sense as they get paid in dollars for the gold anyway.
Things do look like they are changing for the better in Zim.
certainly looking like they are becoming more foreign friendly to companies.
Big changes in sentiment for companies exposed to Zim very soon imo.

I just have a feeling something very big is coming soon from AP visit to Zim.
He never went over there for almost 2 weeks for the little info he gave us in his update from there.

Unless like some say he went for a holiday, lol.

[temmujin] 17/11/2018 16:01

Zimbabwe raises gold miners' forex allowances after output halt
23:00 15/11/2018 Godfrey Marawanyika and Desmond Kumbuka, Bloomberg

Zimbabwe’s central bank has increased the amount of foreign exchange that gold companies can retain after a shortage forced some mines to close.

Metal producers in Zimbabwe have been struggling to meet production costs because of the shortage of hard currency. That forced RioZim to temporarily shutter three of its mines last month, curbing a key source of the country’s export earnings.

Gold miners will be allowed to retain 55% of their foreign-exchange earnings, up from 30% previously, Reserve Bank of Zimbabwe John Mangudya said in a phone interview on Thursday from the capital, Harare.

"We have reached an agreement with the Chamber of Mines," he said. "We will continue to monitor the situation on the ground to ensure viability for the sector."


Zimbabwe produced 30.3 metric tons of gold in the 10 months through October, surpassing the government’s target for the full year. The metal is Zimbabwe’s second-largest export after tobacco, according to the World Trade Organization.

[temmujin] 17/11/2018 10:30

here's that report about the new trucks...he said he envisages further improvement in the september quarter..the one about to be released,i guess the longer the delay the better the figures will be..perhaps he wants to blow these pesky MMs to kingdom come with one massive RNS...hence him and Roy buying a load of shares recently,rewarding their efforts...bring it on!



Event
Vast Resources (“Vast”) has released its June quarterly production summary
and operations update. The figures for Manaila shows a significant
improvement, reflecting the extended stripping programme that was
conducted over the winter. The Pickstone-Peerless gold mine, produced and
sold record levels of gold.
Comment
Manaila
Manaila mined and processed 26,022t and 27,497t respectively. The
stripping ratio retreated to 11.9 from 19.4:1 as the focus returned to mining
ore. Both copper and zinc head grades improved again. This resulted in a
significant increase in copper concentrate production, up from was 386t
grading 17.3% copper to 911t grading 17.9% copper. Zinc concentrate
production at 151t grading 34.8% zinc more than double the amount of
contained zinc over the previous quarter.
Overall this was a huge improvement over previous quarters. Tonnes mined
and milled, grades and recoveries were all towards the best quarterly
performances and as a result there was excellent copper production. Now
that the plant is operating at steady a state, we envisage further
improvements in the September quarter, especially with regards to the zinc
circuit, where recoveries and concentrate grades needs work. Vast has also
paid the deposit for some new dumper trucks and excavators which is
expected to result in higher utilisation rates and allow for a more consistent
rate of mining of both ore and waste.
These improvements have placed Manaila on track to meet the concentrate
tonnage requirements in the off-take agreement and funding offer
concluded with Mercuria on the 21st March 2018.
Pickstone-Peerless
With the problems encountered in the March quarter behind them,
Pickstone-Peerless had an excellent quarter, producing a record 6,969oz of
gold. This was due to a 20% increase in tonnes milled, and a slightly better
recovery, which more than compensated for the drop in grade.
It was the highest quarter tonnage ever milled at Pickstone-Peerless, and
with the mill constantly treating in excess of 30,000tp

[temmujin] 17/11/2018 10:16

footloose..you know all those new dumper trucks they purchased a while back for romanian mines?vAST said it would greatly increase production figures i think..cant remember exactly what Andrew said but will check back...so are these trucks now in operation i wonder?

[footloose2] 17/11/2018 09:47

Tem

Who knows what is going on here.
AP puts out a RNS that informs people what he was up to in Zim and they drop the share price 5%.
I have no idea why he has not yet released Q3 update. I don't think it going to be bad for one minute, but it gives the nay say ammunition and we know they don't need any help as if they have none they just make it up anyway.

I have lots of faith in AP and he is holding news back for a reason imo.
The real reason is more likely he has a II'S interested in buying in and wants in as cheap as they can.May even buy in at a small premium to share price now they have dropped it.
All will become clear in time.

[temmujin] 16/11/2018 18:18

footloose..noticed that alot of buys were rollovers...are there people trading vast that dont actually physically buy shares but keep rolling endlessly and thats why the shareprice is being kept down...its all very odd..if there was someone like Bergen selling i could understand but there isnt..its got me very baffled

[dave4545] 16/11/2018 12:28

Might be turning.

[footloose2] 16/11/2018 10:57

How can you have so many buys yet no movement again.
It can't be to get the last placing shares out the way.
Them people don't buy to sell at a loss.
Even if some are sells at the same price it does not make sense.
You and I know this will explode once the city boys have gorged themselves on cheap shares.

[temmujin] 16/11/2018 10:32

if we all keep buying though they are stuffed...only so many shares to go around..massive results soon showing vast well in profit and cash generative

[temmujin] 16/11/2018 10:28

how do you explain all those buys in just a few minutes..its not private investors but someone is manipulating this stock on a grand scale...maybe they want to shake private investors out before the 'BIG' rise

[temmujin] 16/11/2018 09:07

i wouldnt like to be out of vast over the weekend..Prelea could drop the big one after hours today

[footloose2] 15/11/2018 15:14

astigroom

Just sit on the sidelines watching,and continue your jeering that is as close to the action as you will get now.Its like being at a football match and the odd ball shouting at the players and the management that he could do a better job. I don't think you realize what a fool you sound.