Share Name Share Symbol Market Type Share ISIN Share Description
Vast Resources Plc LSE:VAST London Ordinary Share GB00B142P698 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.035 15.91% 0.255 659,146,350 16:25:46
Bid Price Offer Price High Price Low Price Open Price
0.25 0.26 0.255 0.22 0.22
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 2.64 5.45 31
Last Trade Time Trade Type Trade Size Trade Price Currency
16:38:00 O 4,000,000 0.251 GBX

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Date Time Title Posts
12/7/202020:37Vast Resources - Expanding Horizons into Europe. 14,201
10/7/202007:39VAST - Graph only121
09/6/202000:26VAST NEW BULL RUN 21

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Vast Resources Daily Update: Vast Resources Plc is listed in the Mining sector of the London Stock Exchange with ticker VAST. The last closing price for Vast Resources was 0.22p.
Vast Resources Plc has a 4 week average price of 0.19p and a 12 week average price of 0.15p.
The 1 year high share price is 0.53p while the 1 year low share price is currently 0.10p.
There are currently 12,214,461,667 shares in issue and the average daily traded volume is 366,825,527 shares. The market capitalisation of Vast Resources Plc is £31,146,877.25.
dodge_city: Buys being shown as sells tell you that the share price is going south and that's exactly what happened today. They need to put out an update, punters are getting nervous and volumes are dropping off.
rookie666: Maybe Demon. But he's said on camera that this tends to lead to 25% share price drop and hence doesn't make sense to do until in production and making a profit. I'd therefore say its more likely that speculators are expecting a share price re-rate first which should likely happen when they are in production. Expect VAST to start banging the drum about GOLD now much of the core samples have contained it!!!
rookie666: Well AP has admitted that he's open to a share consolidation and so I do expect further placings whilst the share price can support it. The one glimmer of light though was that he acknowledges that across aim miners, history suggests share consolidations result in a 20-25% loss in share price value. He has therefore indicated that a consolidation wouldn't happen until they are in production and revenue/profit making....Lets hope that re-rate comes first then!!!
rookie666: SML still have a relatively 'low' number of shares in issue (well at least compared to some of its peers), generate income via magnetite operations and have some decent 'on paper' projects with great potential (including redmoor here in UK). I still have an eye on these. However, VAST also have great potential, but potential isn't always enough to move the share price.
jaknife: sandcrab2, To be clear, you wrote in post 13,024 the words: "This 'death spiral' you keep bleating on about, if it exists at all, because, as again you well know, it is a fixed amount of 24p and therefore not a spiral" And I've proven that those words are false. Look, I'm not making a big deal of this, we all make mistake occasionally and you made one here. The facts are that the MAXIMUM price that the shares can be issued at is 0.24pp but that if the share price falls be 0.267p then the VWAP formula starts to kick in and that's when the spiral starts to happen. But I don't understand why you think 'death spiral provider is buying shares on the cheap' isn't true? today the death spiral provider has a choice of getting shares at a mere 0.26p under its warrants or getting them at 0.24p via the convertible (with a small delay). The share price at pixel is 0.34p. Do you have a different understanding of what the word "cheap" means? JakNife
jaknife: sandcrab2, re your 13,024: "This 'death spiral' you keep bleating on about, if it exists at all, because, as again you well know, it is a fixed amount of 24p and therefore not a spiral" The words that you've written here are NOT factually correct. Alternatively put, these words are "untruthful". And I will prove that to you with evidence. Here is Vast's RNS of 24 October: Documentation signed for US$15,000,000 (US$13,500,000 net) facility Https:// If you scroll down you will find these words "...shall be convertible ... at a fixed price of 0.24p/share ... or at a price per Ordinary Share equal to 90 per cent of the Volume Weighted Average Price of the Ordinary Shares on each of the previous 20 trading days." By way of example, this table summarises the price at which the death spiral provider can but its shares depending upon the VWAP share price: VWAP share price Conversion price 0.30p 0.24p 0.28p 0.24p 0.26p 0.234p 0.24p 0.216p 0.22p 0.198p 0.20p 0.180p In addition the death spiral provider also has a huge confetti blizzard of warrants that it can exercise and forward sell. So you can see how when at every single share price the death spiral provider is always happy to sell in order to get some retail mug to buy the shares from them that they will be able to buy from the company at a much lower price and thus lock in a guaranteed profit. JakNife
jaknife: jayrh, I am busy with other things. But just for you, I would highlight that you confuse a short term movement in the share price for something else. In the words of the wise: In the short term the stock market is a voting machine (adding up which firms are popular and unpopular) but in the long run, the market is a weighing machine (assessing the actual substance of a company). When you come to "weigh" Vast you will see that this is what's put on the scales: * zero revenue * material cash burn * material ongoing regular and recurring losses * excessive remuneration paid to a management team for repeated delivery of failure * a management team with a track record of promising the earth and then delivering molehills * has failed to ever deliver a profitable project * the company is in default on its existing debt * It's entered into a skanky smelly death spiral convertible which will see a material number of additional shares issued * the shares under the death spiral are issued at a *best* price of 0.24p, lower if the share price falls * is paying Lee Morris £1,000 a month to post positive comments on bulletin boards and twitter Is that what you wanted to be reminded of? JakNife
jaknife: ———;——̵2;——R12;——212;———————————;——̵2; In the event the Company does not cash settle when a conversion right is exercised, the Bonds which are eligible for conversion, together with any accrued but unpaid interest, shall be convertible at their par value into free trading ordinary shares of the Company (“Ordinary Shares”) at a fixed price of 0.24p/share (a 20 per cent premium to the share price at which the most recent equity raise was carried out) or at a price per Ordinary Share equal to 90 per cent of the Volume Weighted Average Price of the Ordinary Shares on each of the previous 20 trading days. If the Election is not made, Atlas is restricted, subject to certain conditions, in exercising its conversion rights following the end of the non-conversion period to the exercise of up to a maximum of 10 per cent of the nominal value of the Bonds outstanding at the end of the non-conversion period in each month. ———;——̵2;——R12;——212;———————————;——̵2; Billions of shares are going to be issued and the share price that they’re issued at will be the lower of .24p or 90% of the recent share price. But it’s worse than that as the bond itself is issued at a 10% discount and so it’s basically the lower of about .215p or 80% of the recent share price. The death spiral provider can dump these shares and make a 20% profit minimum every time. They will keep on dumping for so long as they have cheap shares to sell which is forever as they can always buy at a 20% discount. JakNife
computercoders: "International travel commitments"? Can't take long to reschedule and get the signing done. I'm happy that they RNSed this. It'a good to keep us updated although the delay is obviously not ideal. Nothing has changed and VAST share price was much higher the other day. O think anyone selling at this price is a bit thick. Just saying
johncasey: how re rates work 1 watch share price increase 2 it gets to a price you think you should sell but talk yourself out of it 3 share price increases more you congratulate yourself on how good you are at share trading 4 it then turns as proper traders bank profits and it goes down to slightly less than your first target 5 you panic and sell at a good profit 6 the share price moves on to even higher levels 7 you dont buy back in as you believe its gone too high 8 it carries on higher 9 youve made money but your life is ruined by the one that got away 10 you spend the rest of your trading life chasing the one that got away 11 you end up penniless bitter and twisted 12 you die the end
Vast Resources share price data is direct from the London Stock Exchange
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