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EXCLUSIVE: Oil analyst Barney Gray discusses the latest from Tower, Coro, Colter, Reabold & United Watch Here

EXCLUSIVE: Oil analyst Barney Gray discusses the latest from Tower, Coro, Colter, Reabold & United
UPDATE: #COPL set timeline for Q2/Q3 Nigeria drilling programme


Vast Res Share Chat (VAST)



Share Price: 0.155Bid: 0.15Ask: 0.16Change: 0.00 (0.00%)No Movement on Vast Res
Spread: 0.01Spread as %: 6.67%Open: 0.155High: 0.155Low: 0.15Yesterday’s Close: 0.155


Share Discussion for Vast Res


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Dodge100
Posts: 2,116
Opinion:No Opinion
Price:0.155
RE: Re; 20 million sell
Today 13:57
Bloody good thing, it was getting down to my original buy in price and I didn't want to show a loss.
Especially after the previous loss from 0.6p to when I got out.
 
BillB
Posts: 2,031
Premium Chat Member
Opinion:No Opinion
Price:0.155
Re; 20 million sell
Today 13:51
Well, to buy any amount now is .16. Thinking we may have seen the end of placing shares.
bonker99
Posts: 44,271
Premium Chat Member
Opinion:No Opinion
Price:0.155
RE: 20M Sell
Today 13:49
Or they've all gone now mate.
Batfink666
Posts: 3,205
Opinion:No Opinion
Price:0.155
RE: 20M Sell
Today 13:45
That's a big ol' chunk, hope they don't have insider info, cos that never happens
bonker99
Posts: 44,271
Premium Chat Member
Opinion:No Opinion
Price:0.155
RE: 20M Sell
Today 13:38
Rump?
Dodge100
Posts: 2,116
Opinion:No Opinion
Price:0.155
20M Sell
Today 13:34
Someone not waiting around for any good news or expect the sp to drop below.
Puts the buy this morning into a little shade.
FirstTimeBagger
Posts: 540
Opinion:No Opinion
Price:0.155
RE: FTB
Today 11:11
I was just sharing a link that was relevant to the discussion. I'm not trying to start a revolution here!
bonker99
Posts: 44,271
Premium Chat Member
Opinion:No Opinion
Price:0.155
RE: Hope
Today 10:58
Agreed about commodity prices - first leg right now of a substantial rise on the back of a weakening Dollar imo.

Phat buy just in.
sandcrab
Posts: 199
Opinion:Strong Buy
Price:0.155
RE: FTB
Today 10:31
The sentence you left out alters the whole implied meaning of your post

Are you happy you can sell BOD when the time comes. The trading seems very thin
TigerByTheTail
Posts: 2,347
Opinion:No Opinion
Price:0.155
RE: FTB
Today 10:14
I think we all get you're annoyed, FTB. And with some reason.
But, IMO, you're asking yourself the wrong questions now. It doesn't matter how we got here, this is where we are. And the right question to be asking is, "is Vast likely to be a good investment going forward?"
Risk here is high, unquestionably. But the market cap is very low compared to even the (liquid, saleable) asset value of Pickstone Peerless by itself. IMO, the odds are good that the company pieces together a finance deal that gets Baita Plai into production later this year. So, for me, no matter how we got here, at this price Vast is a "buy".
FirstTimeBagger
Posts: 540
Opinion:No Opinion
Price:0.155
RE: FTB
Today 10:03
Sorry it was an accident as it was in a different box due to the crap html formatting. I also left out the warning about the reasons why RP wanted to deleverage from Zimbabwe, such as the re-introduction of the Zimbabwe dollar too (by design).

If I really wanted to troll you then I could quite easily piece together lots of RNS’s and information to highlight all of the poor decisions and trouble that the company has in a lot of detail because I really am quite annoyed at the company at this point... Instead I hold back a lot of this (some delicate flowers would argue not enough) and get criticism when sharing a link to the most relevant RNS.

Whilst ad hominem attacks on my character are quite flattering, you might want to pay more attention to the actual information I share! You might have also noticed that I largely refrained from commenting on the link other than to sensationally suggest that this deal might not have been the best decision made by the company, a view widely held and acknowledged by shareholders...

Can we just all get back to discussing the actual topics instead of people’s motivations or outlook? It’s a discussion board at the end of the day, it shouldn’t matter if someone’s glass is half full or overflowing. Get the information out, discuss the contents and make up your own minds.
Carrefour
Posts: 334
Opinion:No Opinion
Price:0.155
AP
Today 09:20
Sandcrab yes but AP knew Mercuria wasn't certain to come thats why he was talking to off takers. He should've placed before Bergen. Because he must have thought if I do bergen and then Mercuria don't happen the SP will get decimated so I best place first then if Mercuria don't happen it won't be as bad to the sp
sandcrab
Posts: 199
Opinion:Strong Buy
Price:0.155
RE: FTB
Today 09:02
Because he was expecting the Mercuria cash to pay off Bergen

And FTB ,by accident or design, you've left out the most important words

'Whilst the [$4m] loan is outstanding '
hoffy71
Posts: 1,182
Premium Chat Member
Opinion:No Opinion
Price:0.155
Zimbabwe
Today 08:55
The Zimbabwe Chamber of Mines Chief Executive, amongst others, seems to be happy with the new currency as it moves trading from the black market onto an official platform. This should make doing business in Zimbabwe a lot easier.
Carrefour
Posts: 334
Opinion:No Opinion
Price:0.155
FTB
Today 08:55
Why did didn't AP do a placing instead of getting Bergen? Because we have had both first Bergen then a placing to pay off Bergen so basically a double whammy to hit this sp which seems a poor decision to me.
FirstTimeBagger
Posts: 540
Opinion:No Opinion
Price:0.155
RE: AP
Today 08:29
Whilst production at Pickstone has proved encouraging, the project is not projected to deliver cash to shareholders as free cash will be retained for expansion, namely:
Exploitation of the sulphide mineralisation – estimated to be ~US$8m to US$10m
Evaluation of Giant – expected to be ~US$5 million
FirstTimeBagger
Posts: 540
Opinion:No Opinion
Price:0.155
RE: AP
Today 08:26
RP’s gift that keeps on giving...

for Vast's existing projects, Vast shall not borrow further funds and shall not permit borrowing at the project level. Borrowings for this purpose do not include normal commercial offtake arrangements;

for the existing projects, Vast shall not raise equity except by giving SSA to the maximum extent permitted by law the right of first refusal on such equity raised;

for projects in Zimbabwe, Vast shall be permitted to raise funding through further equity or through debt or equity at project level provided SSA to the maximum extent permitted by law is given the right of first refusal;
for projects outside Zimbabwe and other than the Romanian Existing Projects, Vast must put SSA into a position to compete on equal terms with any third party for funding of any opportunity.

http://www.vastresourcesplc.com/news/non-convertible-debt-facility-disposal-of-non-controlling-interest-in-pickstone-peerless-gold-mine-and-giant-gold-mine-to-raise-us-8-million-30-01-2017/
2pence
Posts: 1,908
Opinion:No Opinion
Price:0.155
RE: AP
Today 07:12
Thanks Cast

But didn't Eureka come way after the SSGI deal?? So how is Eureka part of that deal???
Castaway
Posts: 9,731
Opinion:No Opinion
Price:0.155
RE: AP
Today 06:41
buko - I believe when RP did the finance deal with SSGI he agreed with the other partners in PP/Eureka/Giant etc. that no one will take any cash out until the whole project is completed.

It's not a case of not being able to get cash out of Zim - it's not possible with the current agreement VAST has.

IMO we will not be seeing actual revenues to VAST topco from PP/Eureka/Giant for a few years.
angusrjy
Posts: 2,293
Opinion:No Opinion
Price:0.16
Buko
Wed 19:49
Depends what's in the loan agreement which I presume you haven't laid eyes on?
buko
Posts: 1,171
Opinion:No Opinion
Price:0.16
RE: AP
Wed 19:29
Hi angusrjy
A loan is against a fixed asset not
Monies that the asset produce
As long as the loan is payed on time the monies of the asset can do what ever it wants buy anyone asset for instance which vast are doing
My point being let the profiting asset help new ones .
AP said monies can come out of zim
So is this true or false .. ?
FirstTimeBagger
Posts: 540
Opinion:No Opinion
Price:0.155
New currency in Zimbabwe announced
Wed 19:25
Heads up people, Zimbabwe introduced a new currency today called the RTGS Dollar:
https://mg.co.za/article/2019-02-20-zimbabwes-new-currency-the-rtgs-dollar
angusrjy
Posts: 2,293
Opinion:No Opinion
Price:0.16
AP
Wed 19:16
Don't think we can take money out of Zim while we owe SSGI the loan
buko
Posts: 1,171
Opinion:No Opinion
Price:0.16
AP
Wed 18:55
AP said
Vast could take out monies form zim in more than one podcast so why hasn’t our ceo
Called that point even a token amount of say
100k would make the markets knee jurk
Selling a asset would be criminal prove the asset speaks volumes.
“ show us the money” .
hoffy71
Posts: 1,182
Premium Chat Member
Opinion:No Opinion
Price:0.155
Hope
Wed 17:52
It is my hope that the VAST board are "quietly confident" about the way forward. I am very interested to see where they take us, for me copper will be the big winner if we can get good quantities of it, the less of our stake we have to give away the better. Having said that we just need to get a move on.

Seems to me that every day VAST become more investable as prices of our metals rise, and it does not look like they are going to stop rising.




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