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VAST Vast Resources Plc

-0.005 (-3.64%)
29 Nov 2023 - Closed
Delayed by 15 minutes
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
  -0.005 -3.64% 0.1325 73,684,167 15:54:29
Bid Price Offer Price High Price Low Price Open Price
0.13 0.135 0.1425 0.1325 0.1375
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Nonmtl Minrl Svcs, Ex Fuels USD 3.72M USD -10.51M USD -0.0036 -0.36 3.81M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:26:04 O 4,188,387 0.128 GBX

Vast Resources (VAST) Latest News (1)

Vast Resources (VAST) Discussions and Chat

Vast Resources (VAST) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2023-11-29 16:26:050.134,188,3875,361.14O
2023-11-29 16:25:580.13411,596537.13O
2023-11-29 16:25:360.13350,000456.75O
2023-11-29 16:21:560.13200,000260.00O
2023-11-29 16:21:380.13200,000260.00O

Vast Resources (VAST) Top Chat Posts

Top Posts
Posted at 29/11/2023 08:20 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 0.14p.
Vast Resources currently has 2,927,644,000 shares in issue. The market capitalisation of Vast Resources is £3,805,937.
Vast Resources has a price to earnings ratio (PE ratio) of -0.36.
This morning VAST shares opened at 0.14p
Posted at 26/11/2023 15:56 by bionicdog
Jameschilds176 - 14 Aug 2023 - 13:22:49 - 10511 of 16800 the other thread is for trolls - VAST
Now that diamonds are in hand company will be putting them up for sale

“UK miner Vast Resources says its has completed the recovery of a parcel of 129,400-carats of rough diamonds in Zimbabwe after a 12-year dispute.

The company successfully sued the country's Mines and Mining Development ministry early this year and now plans to sell the diamonds through auction which is likely to commence imminently”

steveberyl - 08 Aug 2023 - 07:39:20 - 10308 of 16800 the other thread is for trolls - VAST
Dubai Diamond Exchange. Next rough Diamond Tender Facility 14-17 Aug 2023

Next Gem Quality Tender Facility 21-24 Aug 2023

When will Vast announce they have the Diamonds and are currently getting them assessed and Polished ready for Auction ?

Zimbabwe Press are already aware that Vast have received the Parcel, Vast have issued an RNS that left out Diamond parcel information, indicating that Vast HAVE the parcel.

We await the RNS that will start the process of sending Vast share price NORTH.

HOCKEY STICK growth beckons. A HUGE SPIKE. Vast will never be this cheap again.
Posted at 23/11/2023 11:14 by purchaseatthetop
Let’s review the security per 16/5/22 RNS

The following security has been granted by the Company in order to facilitate the Transaction:
· Alpha has been granted first lien security over a real estate asset in Bucharest, Romania, in order to provide an enhanced security. Alpha is predominately a real estate driven lender and as this transaction is its first mining transaction, the real estate security component was key. The real estate asset has an independent valuation of €9,199,769.

· An existing shareholder of Vast Resources PLC, who is not a Related party under the AIM Rules, has been granted a first ranking security over Baita Plai in return for allowing the real estate asset owned by him being used as enhanced collateral for the funding to be provided to Vast by Alpha. Alpha has been granted a second ranking security over Baita Plai.

The consent of Mercuria was required for the refinancing of Atlas in accordance with the terms of the previous intercreditor agreement between Vast, Mercuria and Atlas. The previous intercreditor agreement will now be superseded by a new intercreditor agreement between Mercuria, Vast and Alpha (together "the Parties"). The Parties have agreed a heads of terms on 12 May 2022 ("Heads of Terms") and have given their best efforts to enter into a binding intercreditor agreement within the next thirty days (or by such later date as may be agreed between the Parties). The Heads of Terms provide that:

· Mercuria and Alpha shall each have its own security package for the debt owed to it by Vast.

· In addition to Mercuria's current individual debt security over the Company's Manaila Polymetallic Mine in Romania, Vast shall grant third ranking security to Mercuria over Baita Plai.

……..So, nicely all tied up. Any time they want they can take the lot.
Posted at 18/11/2023 15:42 by purchaseatthetop
I'll save you the trouble. Here was my first post on CHLL:

purchaseatthetop4 Jun '23 - 06:15 - 5159 of 6923 Edit
0 2 1
Be very careful here. I had a look and it does not look good:

"Mike Shaw, Managing Director of the Vaping Group, said: "The opportunity to support Chill Brands with the UK launch of their vaping devices is not only very exciting but also incredibly timely. Regulators and industry peers are crying out for answers to the issues surrounding sustainability and social responsibility. While Chill's devices will inevitably help with the full conversion of smokers and vape users to nicotine free alternatives, the fact that they may last up to five times as long as existing nicotine vapes will also result in a reduced environmental impact. This enlarged puff count also ensures Chill Zero can remain competitive at a higher recommended retail price, elevating the brand beyond the "pocket money" spend category while maintaining attractive margins."

Actually, Mike Shaw is not a Director of The Vaping Group Ltd. He resigned on 31/12/22:

Moreover The Vaping Group changed its name on 25/4/23 from Vapetv Ltd to The Vaping Group Ltd which seems odd if it has years of marketing and channel experience.

Finally, the accounts to 31/12/21 show zero fixed assets, trade debtors of £17k (so hardly any revenue), and creditors due within one year of well over £550k with Directors salary of zero.

The RNS says "The Vaping Group acts on behalf of some of the world's leading vapour brands and has previously helped to take some of the industry's most recognisable names to market" which is a pile of rubbish as shown above.

So, this is a valueless sales and marketing agreement set up to pump the share price with all of those shares from the 3/4/23 CLNs to shift. Watch out. Clear skim.

Share price on 5/6/23 was 12p
Share price today is 4p.
Seems I was right.
Posted at 18/11/2023 11:39 by iceagefarmer
john teeling is speaking at the zimbabwe mayfair conference on the 24th november

Botswana Diamonds chairperson John Teeling on Thursday said the company was looking forward to working with fellow Aim-listed company Vast Resources on realising the full potential of the Heritage diamond concession area and other areas in Zimbabwe.

This followed Wednesday’s announcement by Vast that it had entered into an agreement with Red Mercury, giving Vast exclusive access to the 15 km2 Heritage concession. Under the terms of the agreement, Vast will carry out a due diligence on the concession, with a view to concluding a joint venture agreement, the principal terms of which have been agreed, for exploration, mining and marketing.

The concession is close to an area of Vast’s historic claim in the Marange diamond fields and is understood to be an extension of the same geological system.

Vast and Botswana Diamonds, meanwhile, earlier this year signed a memorandum of understanding for the exchange of information from past exploration on areas prospective for diamonds in Zimbabwe.

The parties, at the time, also agreed to establish a jointly owned special-purpose vehicle for developing and exploiting diamond resources in Zimbabwe.

In 2008, Vast acquired a database relating to diamonds in Zimbabwe and had, until 2010, carried out its own exploration in the field using information from the database.
Posted at 18/11/2023 07:48 by gold finger 1
I have to say the troll knows that once the diamond money arrives it's the end game for them. Now I am not saying that the diamonds will not be returned. But vast will make it ,with or without the diamonds. It will just take a little longer, without that money. I was reading up the other day about a miner that has finally been granted about $100m for 51% of the asset. This asset will now have a forecasted $60m spent on a new plant. Which is forecast to take one year to complete. As long as things go to plan. What interested me more was the cash burn they have. So the $40m left will be going towards running cost. To get the mine to production over the next forecasted year. Then they will have the cost to ramp up production. So when I read people saying why had there been so much dilution. You only have to look at these costs. Vast have not had to basically sell 51% of BP to get where they are today. Infact they bought the 20% of BP they never owned. So where most companies are having to finance their mine through debt finance, or a JV. That is taking a controlling interest. Vast have gone down the road of dilution. Now most investors hate dilution. But the fact is, because they have gone down this rout, it has not had to have a large debt pile. Its been done on a very low budget. I will look back later to see how much dilution there has been since they Started to bring the mine back to life. Talking of shoe strings.Tajikistan has cost vast nothing to get their percentage of those assets. We are still yet to find out what they will actually be worth in money terms to vast. But when you paid zero money, what ever you get is a bonus.
Posted at 14/11/2023 13:14 by iceagefarmer
The Herald
Vast to auction diamonds held by RBZ

UK-listed Vast Resources operates mines and projects in Romania, Tajikistan and Zimbabwe

Business Reporter

Alternative Investment Market (AIM) listed Vast Resources says it is getting ready to sell 129 400 carats of rough diamonds, which have been in the custody of the Reserve Bank of Zimbabwe (RBZ) since 2010.

The company also said it would soon shift focus to a potential mining project in the Marange diamond fields.

This comes after the High Court of Zimbabwe ordered the release of Vast Resources’ diamonds in February this year.

The parcel of diamonds has been in the custody of the Reserve Bank since 2010 when Vast surrendered the gems as evidence that it had exploited diamonds on claims previously owned by DeBeers.

Vast left Chiadzwa diamond fields in 2006, claiming it had failed to find viable reserves, following a decade of exploration. A dispute with the Government of Zimbabwe over the release of the parcel ensued.

“In Zimbabwe, the company is preparing for the release of its diamonds previously mined by the company and preparing for their marketing,” the company said in an update on debt funding.

“Upon the finalisation of the process, the company will recommence its focus on the finalisation of the mining agreement on the community diamond concession in the Marange diamond fields.”

The plans were revealed during a recent press conference where the company announced the extension of its debt repayment to its creditors.

“Further to the announcement made on October 2, 2023 regarding the company being in discussions with Alpha and Mercuria regarding a further extension that will allow additional time to finalise the settlement of its historic claims outlined in previous announcements, the company is pleased to announce it has agreed a further extension with Alpha and Mercuria to November 30, 2023 and it is now concluding the legal documentation.

“All terms and conditions of the debt remain the same,” said the company.

Vast Resources chief executive officer Andrew Prelea said in March “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 lot has not been released to date and the company in a trading update said it will not continue with their investment till they get hold of their diamonds.

“In Zimbabwe, the company is preparing for the release of its diamonds previously mined by the Company and preparing for their marketing,” the company said in a trading update.

“Upon the finalisation of the process the company will recommence its focus on the finalisation of the mining agreement on the Community Diamond Concession in the Marange Diamond Fields.”

Zimbabwe is envisioning a US$12 billion mining industry starting this year.

Of the US$12 billion, gold, and platinum diamonds will contribute US$4 billion, US$3 billion and US$1 billion, respectively.

Chrome, iron ore and carbon steel will contribute US$$1 billion while coal and hydrocarbons will contribute the same.

Lithium will contribute US$500 000 while other minerals will constitute US$1,5 billion

Mining is a crucial part of the country’s economy, making up over 60 percent of annual foreign currency receipts and 13 percent of the country’s gross domestic product.
Posted at 13/11/2023 18:43 by purchaseatthetop
The two lines of VAST present share price and averaging down share price are “asymptoteR21; lines.
Now you understand that I am sure averaging down will make even more sense.
Posted at 09/11/2023 12:10 by gold finger 1
Well the MMs that are running the book here, are doing a fantastic job of showing why the investment market is rigged. If you think for one moment that vast should be valued at just over £6m at Market cap level. You are as much to blame as them. Its funny that not one troll will post a company that has done as much as Vast. So would be clearly a better bet. Hold on a few have and they have gone into Administration. Is it no wonder the others keep their buys to themself, Very wise.

There was a time when a company was valued for its future earnings. Or even the prospect of future earnings. I could put a list of companies up that have nothing going for them, but hope. yet their they are with a much higher market cap than vast. Some have basically nothing. If you think having just money in the bank warrants a larger market cap. You will get burnt there. Same goes for a company that has massive debt, massive interest payments and makes a loss. But again they have a large Market cap. If people want to invest in those companies, fine by me.I will stick to a growing company, with a small amount of debt, along with a small amount of interest payments. The management have no control over what the share price is doing. All they can do is keep the progress flowing.

If one of the trolls does actually post another recommendation (Highly unlikely)
could one of you that aren't a troll, post the name of said company.
Posted at 09/11/2023 08:57 by pwhite73
gold finger 1 - "This is why The MMs are holding the share price down. They appear not to adding nothing but the bare minimum for BP."

This is the fundamental error in your analysis. The MMs buy low and sell high. The MMs want to take your shares off you at 0.14p and sell them at 0.20p. Unfortunately they can only do this if the shares are in short supply.

The short supply can come about by only two ways:-

1. News that causes a scramble for the stock.

2. VAST restricts the supply of shares into the markets.

Both of these elements are missing. There is no game changing news and VAST continues to forward sell ever lower priced shares. What can reverse this misfortune for the MMs is one of two things.

1. VAST announces a success in retrieving its diamonds or a cash equivalent to the value of the diamonds.

2. VAST chooses debt as a means of recapitalising itself as opposed to the issuance of ever lower priced shares.
Posted at 08/11/2023 15:03 by gold finger 1

They reduce the price to get people to sell.
Too many people are only interested in what the share price is doing.Is it going up.
But what they should be looking for is the progress the company is making.
Because without progress the share price will fall sooner or later. They can drop a share price for me , i have no interest what they do. if they drop the price and i have spare money, i will buy. I run a business, I know what to look for. without progress you will go under. i have made mistakes over the years investing, but i learnt from my mistakes. I was introduced to Aim many years ago. I thought i knew better. Why, because the first share i invested in made me a lot of money. I thought this is easy. So i ignored the important things and just bought companies i like the look of. I soon started losing. Sometimes you make a mistake, like here. I bought in before, realised i had bought in to early and sold. I kept a eye on them for two years and decided it was time to get back in. Was it to early, well in hindsight yes it was. But i was happy to buy more on the drops. As i could see progress being made. We can see that some cant live with the decisions they made. So many have made bad decisions they cant live with. I am sure none of them thought they were bad decisions when they bought in. But then feel the need to tell others what they should do. They dont seem to understand that i dont care what they think of me or a company i am invested in.
Vast Resources share price data is direct from the London Stock Exchange

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