Vast Resources Plc

0.00 (0.0%)
Share Name Share Symbol Market Type Share ISIN Share Description
Vast Resources Plc LSE:VAST London Ordinary Share GB00BMD68046 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 0.615 106,314,675 15:01:24
Bid Price Offer Price High Price Low Price Open Price
0.60 0.63 0.665 0.59 0.615
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Nonmtl Minrl Svcs, Ex Fuels 3.78 -15.49 -3.20 - 3.02
Last Trade Time Trade Type Trade Size Trade Price Currency
15:39:02 O 115,334 0.6155 GBX

Vast Resources (VAST) Latest News

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Vast Resources (VAST) Top Chat Posts

Top Posts
Posted at 06/6/2023 22:20 by iceagefarmer
The reality with VAST — and I am happy to hear the opinions of others — is that the company’s operations are, while not worthless, now irrelevant to its share price movement. This is not to say that the operations don’t hold promise, which of course they do. But before the diamonds came into play, it held a market cap of circa £5 million, and it’s now around £15 million.

These diamonds need to be handed over, if they haven’t been already. They need to be cleaned, valued, prepared, and then sold. And diamonds have disappeared without a trace from the central bank’s vaults in the past — including 350,000 carats worth an estimated $140 million in July 2021.

Importantly, VAST are unlikely to notify investors that they have the diamonds in their possession before they are sold, as I consider it likely that the company will arrange a sale to have the diamonds sold on directly from the vault at the Reserve Bank rather than take physical possession.

And here’s the rub — unless I’m mistaken, investors have no idea what these diamonds are worth. For perspective, one historical article suggests that the entire central bank stockpile including VAST’s diamonds is worth between $32 million and $1.7 billion.

Previous auctions of Zimbabwean diamonds have fetched an average of about $400 per carat, but this rises to $12,000 per carat for exceptional items. As a low ballpark, consider that VAST’s diamonds are below average, and sell for $300 per carat. At 129,400 carats, that’s $38.82 million. Excluding expenses, investors are looking at a rough profit of $35 million — more than double the current market cap.

And this excludes the value of its multiple exploratory operations. Of course, there’s also a possibility that the diamonds fetch the average of $400 a carat, or even far more.

This presents an interesting dilemma for the would-be investor. Assuming the diamonds are taken into possession and sold in a timely fashion, then the income should see the market cap at least double based purely on what would then be cash at hand. Indeed, it could go further than double, as VAST would then be well-capitalised to develop every asset it has at pace.

However, it can take weeks for a sale and transfer of diamonds to be agreed, and as I previously stated, I don’t think investors will get an RNS until this happens. This means the share price could drift slowly downwards as traders exit, leaving a better buying opportunity for long-term investors.

But wait too long, and the next explosive movement upwards will come when the diamonds are sold and the cash is in the bank. And this is still not risk-free. Until the cash is in the bank things can always go wrong.

But as a high-risk investor, a speculative investment is too tempting for me to ignore.

This article has been prepared for information purposes only by Charles Archer. It does not constitute advice, and no party accepts any liability for either accuracy or for investing decisions made using the information provided.

Further, it is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

Posted at 06/6/2023 19:51 by robbo31
Assuming they are indeed vast diamonds then VAST will know the price tomorrow at 10am UK time... I expect an RNS the following day. This means tomorrow is your last chance to load up and your last chance to troll because on Thursday I expect the share price to be at least 100% higher.
Posted at 04/6/2023 15:34 by gold finger 1

I was just thinking about what you said, regarding vast going to 10p.
I was thinking that is just rubbish.
So i just took a look, to get to 10p from where it is now would have to 15 bag.
That would give vast a Market cap of £276m. do i think that is a lot. Well its a lot from todays market cap of £18.44m that for sure. But i see companies with just hope get too £250m to over one billion. But as of today vast has a nice earner with BP, and Tajikistan. when they finally get the money from the diamonds and the asset sorted in Zimbabwe i could see it hitting 5p easily. that would only be only a market cap of £138m. you see we are not talking of having a one billion m cap. those of us that bought millions at below 0.2p will make a very lot of money. But you had to believe in the company and have the money to risk at the time. The lower you can buy in the more upside you get. The funny thing is we were given a heads up regarding getting these diamonds back on 23 jan 2023. the share price low on this news was 0.195p.
I just looked and bought a lot between 31st oct 22 to 26. 1 23 the first buy being at 0.24p and the last buy at that time being 0.22p with the lowest price being 0.19p

I have to say i did not buy on the strength of the zim news. for the simple reason that i had no interest in Zimbabwe at that time. Note to self, always read everything .

Posted at 04/6/2023 12:22 by gold finger 1
Have any of those that i have filtered, posted the where abouts of these these mining companies that have got to where Vast are today with debt of between $50m and $100m.
Never mind $10m like vast have. Didnt think so. The last company i read about trying to get to where vast is, but not even yet started. had just got debt finance for $300m. How long that will take to get to where vast now are, who knows. Never mind will that $300m even be enough. take into account also that the process will take years. So that that debt will be having its interest payments added to it.

You could of course jump out of here into that or another company. That are many years behind vast, along with a massive debt pile that has to be covered and paid off over time. As long as you dont get bored along the way, im sure you would be fine.
I will stick it out here, thanks.

Posted at 03/6/2023 14:19 by gold finger 1

You are correct. But someone always ends up paying for any debt. Be it LTH, through dilution, or new investors that end up paying for the debt in the past.

What people should remember, is the fact that all those years ago when VAST found the diamonds in Zimbabwe, It was only down to Mugabe that vast did not become a monster of a company. You can also look on today and find yourself being in a company that is going to get it diamonds back worth $12m +. Now what happened back then was not the fault of Vast. You have to put the full blame on Mugabe why people lost a lot of their money. But 15 years on those that are in now, will benefit from what happened back then. I dont care if people dont think it will happen, i do, and thats all that counts in my eyes.
I dont see a lot of the trolls posting, in reply to the facts in my last post.

Anyone buying in now could benefit from what happened 15 years ago. They could be buying into a debt free, producing money machine.

If you look back at the finance Atlas had to finance The diamond asset. It was a convertible loan for $7m, Which would have been paid back over two years at a great %.
I think thy were saying at the time they would be paying double the loan. AP was happy to pay this as the profit was a lot more. But as we see with convertible loans they destroy your share price So now you could be getting a debt free company, along with no debt to get a Zimbabwe asset up and running. There are always winners and losers in investing.

Posted at 02/6/2023 13:59 by gold finger 1
I think its clear from the rise this morning how fast this will rise once news is released. Its clear to see that even over the last two days, with more buys than sells that the MMs have not let the traders keep taking the share price lower. They continued to drop the price so they could not make their small profit if they had raised the price.
They rose the price very fast to get the last few shares that had not been sold. It worked a treat. They took those shares from them when the price was risen slightly. 13m was sold in 3 hours. i would say all at a loss. Traders will not want to be holding over the weekend. Its hard work trading. Even harder when they are try to sell into a falling market. like we have seen the last few days. MMs know all the plays, they play it every day.

Posted at 02/6/2023 10:31 by gold finger 1
We have no idea what is involved in the return of these diamonds.
What we do know is this.

“Due to the sensitive nature of the process the settlement in Zimbabwe has taken longer than the market has anticipated. However the settlement is following the path of consensual due process and we appreciate the Government’s continuing assistance in bringing this matter to a close.”

the Company has received a further communication from Government representatives, via our legal advisors, that indicates that the matter is expected to be finalised during the course of this month or in any event not later than the first half of May 2023.

So if you read these pieces of news, it clear its not a case of just going down to the bank with the letter from the court. It does appear that the government have their part to do. So we just have to wait for bureaucracy to take its course.

If you thought the trolls that have spent years trying to destroy the company, without any success were not going to make hay while we wait, you would be new to their attempts. Strait off the bat we had they were stolen, then they were worthless, now we have the constant if they are there why have they not received them yet. Also the usual dilution is coming.
If the share price goes up, they claim pump and dump, Dilution coming. If it drops, Dilution coming.
Vast are waiting along with its share holders for news. The market will always mark a share price down while they wait for news.
IMO vast have news they could release, So why arent they. One simple reason could be they know the diamond news will come very soon. The other news would if released before would have little effect as its the diamond money the market is only interested in at this time. Dont be fooled, the trolls would be happy for other news to be released now. AP has a lot more invested here than ant PI. He will have all the info in front of him. If he is happy to wait, so am I.

Posted at 29/5/2023 14:42 by steveberyl
IMHO, I would go along with gf 1 that this week is the week that we have waited for.

It is also my opinion that AP will issue not one RNS but at least 2.

The First will contain really good News that will send the share price UP Maybe 2p-3p and multiple sells will stall the rise. Then will come the 2nd RNS, more current Great News, catching many on the wrong foot, sending price up further.

A 3rd RNS would not be a surprise, as there is so much that needs to be revealed.

Diamonds. Value. state of play. JOINT VENTURE. Company update.

AP will Milk this for all it is worth. Selling/Trading will become Risky. V Risky.

I think De Beers will come in for some REAL PUNISHMENT for their theft of Marange Diamonds, TONNES of Millions of Karats to their South African Companies. Who says so?? ZIMBABWE Government. Below is a rather long Explanation of De Beers theft. ACR, became/is VAST


Not to be Dismissed, Talk of huge compensation for ACR/Vast for losses 2006 to present.
De Beers could be in some difficulty, Financially

Posted at 23/5/2023 23:00 by iceagefarmer
Vast gains access to Zimbabwe diamond concession
Vast Resources (AIM:VAST) has been awarded exclusive access to the Heritage diamond concession area in the Marange diamond fields in Zimbabwe’s Chiadzwa region.
The access was granted by Red Mercury, a company owned by the Marange-Zimunya Community Share Ownership Trust, which has received an undertaking from the government of Zimbabwe for a licence to mine on the concession.

Vast will carry out initial due diligence on the area for at least two months to determine the value of entering into a joint venture for exploration, mining and marketing.

The principal terms of the JV have already been agreed, including paying annual dividends of at least 50% of profits; committing Vast to giving support to the local community and participating jointly with Red Mercury in cultural heritage ancestral activities; and promoting local jewellery manufacturing with part of the production.

Vast said the Heritage concession was close to its claim in the diamond fields and is thought to host an extension of the same geological system.

Vast Zimbabwe director Mark Mabhudhu said the concession area hadn't been mined before and was anticipated to contain economically viable diamondiferous alluvials, as well as conglomerate ore resources.

Vast CEO Andrew Prelea said, subject to results of the due diligence, the company was confident it would be able to move swiftly in building a valuable diamond arm of its business.

Vast previously signed a memorandum of understanding with Botswana Diamonds to develop diamond resources in the country.

Botswana Diamonds was looking forward to working with Vast to "realise the full potential of the area and others as they begin to emerge with Zimbabwe opening for business", according to chairman John Teeling.

Posted at 23/5/2023 08:17 by steveberyl
It cannot be overstated the Huge amount of Natural Resources that are available in the ZIMBABWEAN Region. The new President has made sweeping changes, even having the Chinese Mine SHUT DOWN, albeit temporarily.

Such Enormous Wealth available to those Companies that are considered Worthy by the ZIMBABWE hierarchy. VAST Res is undoubtedly at the head of Such Companies, I have not read of a single Mining Company, other than VAST Res, being invited to Zim and have such close relationships with the Ruling party.

When this RNS Eventually drops, Vast share price will reach extraordinary Heights.

ZIM are talking of $Bn`s available for Favoured MINERS. It is churlish for anybody to have a pop at AP. Vast res, resurgence is due to his Resolute, persistent attitude, "NEVER GIVE IN" his negotiating skill`s must be impressive. Africa in last 50 years has been a Nightmare, but AP has made his presence felt at the TOP TABLE, Remarkable progress.

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