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VAST Vast Resources Plc

0.11
0.00 (0.00%)
09 Oct 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Vast Resources Plc LSE:VAST London Ordinary Share GB00BQ7WTT20 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.11 2,434,503 08:00:00
Bid Price Offer Price High Price Low Price Open Price
0.10 0.12 0.11 0.11 0.11
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Nonmtl Minrl Svcs, Ex Fuels USD 3.72M USD -10.51M USD -0.0058 -0.19 1.99M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:19:44 O 27,236 0.112 GBX

Vast Resources (VAST) Latest News

Vast Resources News

Date Time Source Headline
07/10/202407:00UKREGFunding Update
27/9/202407:00UKREGHolding(s) in Company
24/9/202407:00UKREGFinancing Update – Important clarification
23/9/202414:12ALNCNewsIN BRIEF: Vast Resources shares fall amid update on outstanding debt
23/9/202407:00UKREGFinancing Update
10/9/202414:30UKREGHolding(s) in Company
03/9/202414:45UKREGHolding(s) in Company
13/8/202412:00UKREGBaita Plai Association Licence Update
17/7/202410:04UK RNSVast Resources PLC Holding(s) in Company
15/7/202419:36ALNCNewsEARNINGS AND TRADING: Genedrive in FDA boost; Bango revenue rises

Vast Resources (VAST) Discussions and Chat

Vast Resources (VAST) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
15:19:440.1127,23630.50O
14:58:250.113810.41O
13:58:530.11425,000451.78O
12:49:450.11300,000318.00O
10:13:460.11100,000105.50O

Vast Resources (VAST) Top Chat Posts

Top Posts
Posted at 09/10/2024 09:20 by Vast Resources Daily Update
Vast Resources Plc is listed in the Nonmtl Minrl Svcs, Ex Fuels sector of the London Stock Exchange with ticker VAST. The last closing price for Vast Resources was 0.11p.
Vast Resources currently has 1,810,000,000 shares in issue. The market capitalisation of Vast Resources is £1,991,000.
Vast Resources has a price to earnings ratio (PE ratio) of -0.19.
This morning VAST shares opened at 0.11p
Posted at 09/10/2024 13:13 by gold finger 1
So just saw this on the vast X thread.

Vast Resources PLC
@vast_resources
·
Oct 7
𝐅𝐮𝐧𝐝 9842;𝐧Ү40; 𝐔𝐩𝐝𝐚 9853;𝐞

#VAST wishes to announce with respect to our RNS released on 23 September 2024 in terms of the short-term funding requirement, we now expect to receive the proceeds from sales on or around the third week of October 2024

So nothing about the $5m debt. But would anyone give a short term debt to a company that has not got any finance sorted for that $5m debt. Not sure if anyone would give a company, any kind of debt, if someone was taking action against those that stood guarantor for a loan. IMO
Posted at 08/10/2024 08:46 by gold finger 1
So i was taking a look at this Ecologic Processing Association Agreement.
I have taken the mid price for gram grades shown, so 2 grams a ton.
I also worked the volume put through the processing plant at BP as 200ton a day, not the 250. I also only did the production at 5 days. This came in at around $9m a year in total. Vast have a 20% royalty after all costs. They also have, a industry priced
cost, for processing the ore. I have no idea what this rate is. But as there is no mining, but just transport, costs, and government royalties. It should add up to a nice payment. As vast have the spare capacity at the plant at the moment, the workforce in place and the plant running anyway. So no extra electricity or labour cost. It should all be profit to vast. I make this around $3m a year to vast. It is not a case of, when the production starts. It has already started. As of April 2023 the end of the last results, Vast had a revenue of just $3.72m. But we will see that increase when the results come out at the end of the month for year ending April 2024.
But i am expecting even more to be made from the Tajikistan – Aprelevka gold mines.

I would not be surprised to see revenue for 2025 to top $12m.
Posted at 07/10/2024 07:53 by gold finger 1
Yes I was expecting a placing for a small amount this morning.So ask yourself why are they so keen to continue to finance vast. Not only continue, but it sounds like they were happy to finance vast for a little more money. As I have stated before revenue is needed by a company to help pay its way. Looks like the money will start flowing to vast in a few weeks. The worm has turned. Like a oil tanker it takes time to turn, but at some point it makes it.Vast have a very small debt of about £5m.That may sound like a lot of money to some.But to a mining company that has a mine up and running, it's nothing. Looks to me that the drilling campaign at BP is completed as its been a drain on shareholders to finance this over the last 18months. Most exploration companies will have debt of at least $20 m when they have completed a single drilling campaign.A few more weeks and we will start to see vast start to show what it has. Who knows how the market will take this news. We will soon see.
Posted at 07/10/2024 07:45 by harps01
Well no surprise, another finance deadline passed without resolution. Vast continues to limp along whilst debt increases. Only real pay backs have been via mass dilutions of shareholders. At least that's not on the cards today but more likely due to share price being at nominal value so can't get it away. Really need this money to hit in third week in October as financial position worsens. At least gold prices are extremely good and helps to paint a picture.
Posted at 03/10/2024 14:52 by gold finger 1
Take a look at the two gold contracts vast have recently took on.
I have no idea what kind of revenue it will bring in, or the amount of profit it will bring in. Anyone that says they do is lying. But with the 2023 revenue being £3.72m. Its not hard to see that both these assets will come in higher than the 2023 revenue on there own. When the naysays say revenue is nothing. They are lying again, without revenue you do not have any chance of making a profit.
As a example, take a look at great land gold. no revenue at all, large debt. Market cap of £635m.in 2020the share price was 37p, since that date its dropped to 6p. They were a exploration company. Seems they have great assets. But cant find anyone to buy them. So what i gather is they have been trying to go it alone. The costs are massive along with the time it will take. With no revenue they will have to find the finance along the way. Revenue does not only show progress but also brings money in.
Posted at 02/10/2024 11:48 by gold finger 1
Is it any wonder that people are giving up on AIM.
10M more shares bought than sold and the price is dropped, 2%
Yesterday there were more shares bought than sold, yet the share price was 30% up.
They may as well not put the buys and sells up, as they are as incorrect as a troll.
Posted at 02/10/2024 10:34 by gold finger 1
Well considering AIM is in reality a risky play. I am amazed at how many investors are ignoring vast. Not everything is set in stone here. Yes the chart looks very bad. but if it were upside down would you buy in then. Charts only give you a very small view of whats been going on. I have been in here for the last 4 years. I have seen a lot of dilution in that time. But i have also seen a lot of progress, that has not been reflected in the share price or the charts. Just look at the two gold mines vast are now have a association with. They cost vast nothing, but take a look and see for yourself what you think this will add to the profit that is coming. IMO. If you think the £4m debt is going to be a problem, dont invest here. But if you look and see what vast now have
is worthy of your investment, invest. you only really need to go back to the beginning of june to read the RNS. The last 18 months have seen a lot of dilution. But there has been a drilling campaign going on during this time. WHICH IS NOT A CHEAP THING TO do.
But why would it worry anyone that is buying in now. That money has already been paid for by LTH. You could benefit from that fact.
Posted at 02/10/2024 06:26 by gold finger 1
If you look at the two resent gold project's. They are amazing profit earners for vast. Yet the market ignored them completely. Not only did they ignore the fact that Vast got their share for free. The profit over time from just these two projects is massive. Not only did they just ignore this news they marked the share price down. But we should not be surprised as they have been ignoring the progress that has been going on here for many years now.It's easy to say that it was clear they needed finance. But if they don't value the company because of the progress. That means more dilution has to take place. From what I have worked out, from the numbers, these two assets alone would still bring in more profits than the market cap is now. The big money spinner here at this time is going to be BP. Again all the progress here has been ignored. But I think reality has finally started to kick in.30% rise yesterday could be the start of that realisation kicking in.
Posted at 01/10/2024 10:31 by gold finger 1
Market cap now just £2.17m.
Anyone that cant afford to buy, want to see Vast go out of business. Well they most likely sold at a loss and have been hoping ever since that the company fails. You see they dont want to be seen as wrong yet again.
As each day passes and the share price continues to rise, the less chance that another consolidation will be needed. That will mean they got that wrong also.
Posted at 01/10/2024 05:53 by oilisgold
AIM is about the herd of punters to push the volume. You all know what will happen to vast on Swiss investor news and then diamonds. Vast trading close to historic lows. Biggest Gains are made with these shares. TRP did 300% on just news and its got nothing going for it. VAST has already got a mine which is cash positive soon. 0.2p will be smashed within first few minutes on news.
Vast Resources share price data is direct from the London Stock Exchange

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