Vast Resources Share Discussion Threads

[aidenabettin] 05/1/2019 12:13

VAST had something very special but now someone else has it and will be worth a fortune..A bit like PREM with Circum

[the patient investor] 05/1/2019 12:10

"£1 by...?"

Discuss

[johncasey] 05/1/2019 10:44

i'd be happy with 0.5p but thats what the MMs want you to be..make a 100% profit and sell up...but the smart guys will be holding until we have a mid tier market cap of say £500m and paying a dividend...share price then 30p ish

[the patient investor] 05/1/2019 10:40

"1p by...?"

Discuss.

[johncasey] 05/1/2019 09:38

footloose..why did you think proactive delayed that interview? it should have come out days ago...were they letting someone get in at a silly price? i dont suppose Andrew has any influence on when they are supposed to release it ...or has he?

[footloose2] 05/1/2019 09:20

Vast Resources focuses on bringing Baita Plai mine into 'profitable production'
07:46 04 Jan 2019
Chief executive Andrew Prelea said Vast Resources is focused on improving results in its core operations in Romania and Zimbabwe.
Vast Resources
INVESTMENT
OVERVIEW: VAST
THE BIG
PICTURE
Vast Resources is targeting initial production at Baita by the end of the first half of 2019
Vast Resources PLC (LON:VAST) expects a boost to profits and cash generation once production starts at the Baita Plai polymetallic mine in Romania.

Following the grant of a mining licence last year, the company anticipates mining at Baita will start in the next six months and is targeting initial production by the end of the first half of 2019.

The miner is also taking steps to improve the performance of its wholly-owned Manaila polymetallic mine in Romania.

In the six months to 30 September 2018, Manaila delivered a 61% increase in copper concentrate production to 1,526 tonnes compared to the previous half-year period and a 97% jump in zinc concentrate to 199 tonnes.

Manaila is one of two of the company’s operational mines, the other being the 25%-owned Pickstone-Peerless mine in Zimbabwe, which saw gold production rise 8% to 13,352 troy ounces in the half year.

Half-year revenue jumps on strong gold sales
Strong gold sales from the two mines led to a 47% increase in revenue in the period to US$21.942mln.

Vast Resources plans to construct a metallurgical processing facility at Manaila to deal with an expected increase in ore supply from the original pit and Carlibaba extension.

“The configuration of the new facilities is expected to contribute substantially to the improving efficiency and cost effectiveness of open pit operations as an economic scale of operations will be realisable,” chairman Brian Moritz said at the first half results published in December.

“Nevertheless, our focus over the next six months is in bringing Baita Plai into profitable production.”

Vast Resources announced earlier in December that it entered into a US$3.0mln bridge facility with the Bergen Global Opportunity Fund to finance further working capital including for Baita and other leading projects.

Zimbabwe projects
In Zimbabwe, the focus has been on securing a foothold in the Marange Diamond Fields, which is widely considered to be one of the richest sources of alluvial diamonds in the world.

Last year the company agreed principal terms of a joint venture with Red Mercury Ltd for the Heritage concession at Marange.

Under the principal terms, Vast Resources will take effective control of exploration and mining of the concession as well as marketing of the diamonds in consultation with Red Mercury.

Red Mercury will be responsible for providing a full mining licence and Vast will be responsible for procuring funding to develop an operating diamond mine on the Heritage Concession.

Elsewhere in Zimbabwe, the group recently acquired a 23.75% interest in the Eureka gold mine, which is planned to be in production by June 2019.

Blueberry funding secured
Back in Romania, Vast Resources in October secured the US$1mln it needed from institutional investors to retain the 29.41% stake in purchased in the Blueberry gold project in August.



Drilling at Blueberry has confirmed gold and silver mineralisation at or near the surface, with higher grades found in deeper zones.

Looking ahead, chief executive Andrew Prelea said: “Vast will be focusing on improving results in its core operations in both Romania and Zimbabwe. Opportunities in both jurisdictions will be pursued rigorously with reliance made on its local management and the extensive network of relationships with key parties.”

[footloose2] 05/1/2019 09:18

So now we have the naysays adding to there ridiculous list, RE AP buying shares.

1, Why is he not buying.
2, he's only buying to fool the market,(they are going bust)
3, Is that all hes bought.
4, He's only bought because he has insider knowledge.

Well i would have thought it obvious why he bought at .6p the other month, and again this week at .27p.
I would have said he would have bought more but he would have been accused of profiting out of the fall.

Anyway i don't know why the company haters are so worried. I would have thought they would be happy seeing AP and other holders throwing more money down the drain. Well you are telling us were going bust.

[showme01] 05/1/2019 07:28

And you are accusing the CEO of this PLC of doing it too?

[showme01] 05/1/2019 06:13

So AP has bought with the inside knowledge that there is going to be an RNS on Monday. I've heard it all now.

[johncasey] 05/1/2019 01:12

i'll tell you what lads..if youve got any spare cash then pile into VAST monday because the dow went up 750pts tonight...AP has timed it perfectly..massive opportunity to get yourself a 3 or 4 bagger here

[johncasey] 04/1/2019 16:02

looks like rumour was right

16:00:39 0.2740 1,000,000 O 0.2600 0.2800 Buy 36,127,383 16,519,362
15:59:06 0.2740 1,712,791 O 0.2600 0.2800 Buy 35,127,383 16,519,362
15:58:11 0.2719 1,000,000 O 0.2600 0.2800 Buy 33,414,592 16,519,362
15:57:38 0.2720 1,500,000 O 0.2600 0.2700 Buy 32,414,592 16,519,362
15:57:28 0.2720 3,500,000

[the patient investor] 04/1/2019 15:57

nice chart

[the patient investor] 04/1/2019 15:56

still considering buying sub .10 tho

[the patient investor] 04/1/2019 15:55

JohnCasey4 Jan '19 - 15:41 - 5703 of 5706
0 0 0
just been told there are going to be some big buying at 4pm...keep an eye on the trades..aparently could be rns on monday hence why AP bought


Fergus (your cat) should be sued for insider trading

Criminal

[footloose2] 04/1/2019 15:45

John

Thanks for the news.
I will keep them peeled.

[johncasey] 04/1/2019 15:43

also EUA EURASIA MINING

[footloose2] 04/1/2019 15:42

Next week should be the start of the news flow.
Will it start the move north?
Who knows, but i don't care, if they want to let me get more cheaper i will be happy to oblige. I know the value will show in time.
So do your worst boys.

[johncasey] 04/1/2019 15:41

just been told there are going to be some big buying at 4pm...keep an eye on the trades..aparently could be rns on monday hence why AP bought