Vast Resources Share Discussion Threads

[carla1] 31/1/2020 07:17

How big is this going with diamond news very soon..Company has access to funding now..Short term target has to smash 1p

[carla1] 31/1/2020 07:07

Completion of Tranche 1 Atlas Capital Markets Drawdown - RNS - London Stock ExchangeVast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining31 January 2020Vast Resources plc("Vast" or the "Company")Completion of Tranche 1 Atlas Capital Markets DrawdownVast Resources plc, the AIM-listed mining company, is pleased to announce that the Tranche 1 drawdown process of the Atlas Capital Markets Ltd adjoined with Atlas Special Opportunities LLC (jointly "Atlas") facility under the Bond Issue Deed announced on 24 October 2019 has been completed and that confirmation of payment has now been received. The par value of the Bond is US$7,101,947 providing net cash proceeds before costs of US$6,391,752.As part of the transaction, the Company has executed a tripartite intercreditor agreement ("ICA") with Mercuria Energy Trading SA ("Mercuria") and Atlas.The main terms of the ICA are as follows: • Upon completion of the Conditions Precedent (CP's), Mercuria will agree to a standstill period for the duration of the Atlas facility subject to certain terms and conditions. • Full repayment of balance of debt to Sub-Sahara Goldia Investments ("SSGI") and release of security following payment to SSGI of US$1,000,000 out of drawdown of Tranche 1. • $1,000,000 cash payment to Mercuria upon drawdown of Tranche 1. • Subject to certain terms and conditions and completion of CP's the remaining principal and interest, fees and costs accrued on the remaining existing Mercuria Tranche A facility will be recovered from future cash flow. • Offtake agreements will remain with Mercuria.It should be noted that AP Mining Group Ltd, the owner of a 20% interest in Baita Plai Polymetallic Mine ("Baita Plai") in Romania, is a party to the ICA and has pledged its 20% interest in Baita Plai.The Directors of Vast who own shares in the Company have also executed a Share Escrow Agreement with Atlas whereby the Directors are offering, for no monetary reward, substantially the whole of their personal shareholdings in the Company, amounting in aggregate to 143,140,500 shares ("Shares"), as guarantees for certain of the Company's obligations under the Bond Issue Deed together with the achievement of certain milestones.  The Shares will be released back to the Directors upon the achievement of these obligations and milestones.  Atlas have agreed that the Shares will remain in the beneficial ownership of the Director concerned and they will not in any circumstances deal in or encumber the Shares in any way during the escrow period.  Details of the individual participations in the form of PDMR disclosures are set out in the Appendix belowAndrew Prelea, CEO of Vast Resources PLC, commented:"We are pleased that Tranche 1 of the Atlas Capital Markets facility has been achieved and with the opportunity that this unlocks. The Board of Directors and Management have worked extremely hard restructuring the Company in order to get to this point which gives the Company a clear path to production at the Baita Plai Polymetallic Mine.We look forward to updating the market, as and when, on our progress at Baita Plai."ENDS

[carla1] 31/1/2020 07:05

Finding sorted.... All aboard to multibag

[oilisgold] 31/1/2020 06:48

2 eggs, beans, 2 hash browns, tomatoes, fried breadand2 cups of coffee all ready for todays action. Could tomarrow be the day i upgrade to a slightly expensive breakfast.

[oilisgold] 31/1/2020 06:28

Buckle up and strap on , is today the day. This could go bonkers

[routy] 31/1/2020 03:01

Looking good!De Pretto said ZCDC was also forging ahead with plansto tie up new joint ventures in order to open up new mines.One such partner, he said, was United Kingdom headquartered firm Vast Resources which had partnered with the local Chiadzwa community to form a company called Katanga Resources which will in turn partner with the ZCDC."Vast is joined with the Chiadzwa community and they have formed a company called Katanga Resources. Just a few loose ends remain before the signing of the agreement, we are waiting for issues around the actual agreement itself and then there is another three or four (companies) that are very close to being signed," he said.

[carla1] 30/1/2020 20:36

Vast is joined with the Chiadzwa community and they have formed a company called Katanga Resources. Just a few loose ends remain before the signing of the agreement, we are waiting for issues around the actual agreement itself and then there is another three or four (companies) that are very close to being signed," he said.All aboard to multibag

[eggbaconandbubble] 30/1/2020 18:43

One can always tell when it's wine o'clock from the nonsense, garbled messages getting posted!!!

[jayrh] 30/1/2020 18:24

People are getting wise to share morons and their calculated attacks... Eua and here lmao

[jayrh] 30/1/2020 18:22

Like a broken record the prophets of morons.. short and sweet something that you'll probably like

[jayrh] 30/1/2020 18:20

Yeah right you was like a rabid dog yesterday... got put back in your kennel good style..

[jayrh] 30/1/2020 16:54

Wheres flicknife

[dssloan] 30/1/2020 16:49

hxxps://www.miningindex.co.zw/2020/01/30/zcdc-to-sign-several-jvs-in-2020/

Hot off the Zimbabwe wires....

Not much in the way of specific detail, however.

[nasarsaddique] 30/1/2020 16:30

BOD is on the move up too, must be good news coming soon!

[edjge2] 30/1/2020 14:54

more cash to vast on ch.... sign up. bod not shifting today but that should get it going

[oilisgold] 30/1/2020 14:44

Its happening chaps. Buckle up. Finslly

[yorgi] 30/1/2020 14:40

It is looking that way Paulie but until a RNS is released confirming then nothing can be taken for granted as we all well know. However yes looking encouraging.

[pauliewonder] 30/1/2020 14:24

Huge volume today and clearly more buys than sells as per share price good news imminent by the looks of it

[oilisgold] 30/1/2020 14:08

You dont expect a CEO to RNS imminent and shortly if news was bad. If Atlas had pulled out, we would have known. Finally coming