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Pin to quick picksVast Res Share News (VAST)

Share Price Information for Vast Res (VAST)

London Stock Exchange
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Share Price: 0.365
Bid: 0.35
Ask: 0.38
Change: 0.00 (0.00%)
Spread: 0.03 (8.571%)
Open: 0.365
High: 0.365
Low: 0.365
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AIM WINNERS & LOSERS: Abingdon Health warns results to miss forecasts

Tue, 27th Apr 2021 10:30

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

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AIM - WINNERS

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Vast Resources PLC, up 31% at 0.10 pence, 12-month range 0.07p-0.29p. Says decline project to Level 19 is progressing on schedule and has started mining fresh higher grade ore at its Baita Plai polymetallic mine in Romania. "I am delighted with the operational progress that we have made in recent weeks and we remain well capitalised to achieve our development plan at Baita Plai without needing to come back to the market for the foreseeable future," says Chief Executive Andrew Prelea.

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Argos Resources Ltd, up 13% at 3.40p, 12-month range 1.39p-3.79p. The Falkland Islands-based exploration company says the Falkland Islands government has extended the second term of its PL001 licence by twelve months, to May 2022. Firm has a commitment to drill one exploration well within the licence area by the end of the second term of the licence.

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88 Energy Ltd, up 11% at 1.34p, 12-month range 0.23p-4.7p. Says testing commenced on sidewall cores, cuttings, mud gas and fluid samples from Merlin-1, North Slope of Alaska. Results expected over next 2 to 10 weeks. Initial mapping of additional prospective zones encountered in Merlin-1 encouraging, it says.

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Jet2 PLC, up 3.9% at 1,471.37p, 12-month range 429.8p-1,524p. The airline and package holiday operator guides to full-year loss, but says vaccine rollout "encouraging". Expects to report a loss before foreign exchange revaluation and tax from continuing operations for the financial year ended March 31 between GBP375 million and GBP385 million, swinging from profit of GBP264.2 million the year before. The UK's vaccine rollout and increasing momentum in Europe are both encouraging for the financial year ahead, Jet2 says, though highlights uncertainty over the UK government's proposed Covid-19 travel restrictions. "We continue to be encouraged by the volume of customer bookings for both Winter 21/22 and for Summer 22, for which package holiday bookings are displaying a materially higher mix of the total," it says.

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AIM - LOSERS

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Abingdon Health PLC, down 30% at 56.35p, 12-month range 41.5p-136.65p. Hits this 12-month low earlier on Tuesday. The rapid tests manufacturer says results for financial year ending June 30 to be "substantially" below market expectations. It continues to make progress on commercialising the AbC-19 rapid test both in the UK private sector and internationally, and is encouraged by ongoing commercial discussions while progressing required regulatory approvals. "Whilst each of the opportunities at the time of the interims remains in place and the pipeline continues to grow, the speed of adoption and therefore the receipt of orders is taking longer than the board originally anticipated," it warns.

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Scotgold Resources Ltd, down 21% at 55.75p, 12-month range 46p-170p. Hits this 12-month low earlier on Tuesday. The gold exploration company concludes that ramp up of underground mining at production at Cononish will be slower than originally planned. Expects production for calendar year 2021 to be materially less than the guidance range communicated in March. "The recent delays to the production ramp-up have had and are expected to have a negative impact on the company's cash position," it says, adding it is looking into financing options, including short-term debt financing from the directors.

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By Lucy Heming; lucyheming@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
13 Mar 2024 14:23

IN BRIEF: Vast inks offtake deal with Trafigura for Baita Plai copper

Vast Resources PLC - Mining company with operations in Central Asia, Eastern Europe and Africa - Signs new exclusive offtake agreement with Trafigura Group Pte for copper concentrate produced at its Baita Plai mine in Transylvania. Trafigura is a Singapore-headquartered commodity trading company focused on base metals and energy commodities. The pair previously signed an offtake agreement for Vast's Takob mine in Tajikistan. The latest deal will be in place until June 2025. Vast says that copper concentrate production has been ramping up at Baita Plai, increasing 24% between the fourth quarter of 2022 and 2023, and that recent refurbishments will result in an improvement to the grade of concentrate produced at the mine.

Read more
13 Mar 2024 14:17

Vast Resources inks new offtake deal with Trafigura

(Sharecast News) - Vast Resources announced a new exclusive offtake agreement with Trafigura Group on Wednesday, for all copper concentrate produced at the Baita Plai Polymetallic Mine in Romania.

Read more
29 Feb 2024 18:52

EARNINGS AND TRADING: Frontier IP sells last of Exscientia holding

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

Read more
22 Feb 2024 14:25

UK shareholder meetings calendar - next 7 days

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Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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14 Feb 2024 11:56

Vast Resources hopes to repay debts with USD9 million share placing

(Alliance News) - Vast Resources PLC shares plunged on Wednesday, after it announced a general meeting to propose issuing new shares to potentially repay creditors.

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7 Feb 2024 13:08

Vast Resources reports slight fall in Baita Plai production

(Sharecast News) - Mining company Vast Resources released its fourth quarter production figures for the Baita Plai polymetallic mine in Romania on Wednesday, extracting 24,178 tonnes of material in the period, yielding 562 dry metric tonnes (DMT) of concentrate with a copper concentrate grade of 18%.

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7 Feb 2024 11:22

IN BRIEF: Vast Resources quarterly copper concentrate grade falls

Vast Resources PLC - mine development company with interests in Romania, Tajikistan and Zimbabwe -

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23 Jan 2024 14:13

Vast Resources shares fall after GBP1.3 million Baita Plai fundraise

(Alliance News) - Vast Resources PLC shares sank on Tuesday, after announcing a GBP1.3 million placing to cover development expenses at its Romanian mine.

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23 Jan 2024 10:36

AIM WINNERS & LOSERS: Brave Bison to beat market view in 2023

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

Read more
22 Jan 2024 13:46

Vast inks PGM marketing deal with Swiss investment firm

(Sharecast News) - Mining company Vast Resources announced a three-year marketing agreement with a Swiss investment firm on Monday, for the exclusive distribution of high-grade platinum group metal (PGM) concentrates produced within the EU.

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22 Jan 2024 11:32

Vast Resources signs marketing deal with sales value of USD100 million

(Alliance News) - Vast Resources PLC on Monday said it executed a three-year exclusive marketing agreement for distributing high-grade platinum group metals concentrates produced in the EU.

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16 Jan 2024 12:36

Vast Resources shares rise as Bay Square completes Aprelevka takeover

(Alliance News) - Vast Resources PLC on Tuesday said it completed the necessary due diligence to acquire a company with interests in Aprelevka, which owns a number of highly prospective mining assets in Central Asia.

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15 Jan 2024 14:05

Vast Resources extends debt repayment date to January 31

(Alliance News) - Vast Resources PLC shares fell on Monday, after it said it has concluded legal documentation for an debt repayment extension to January 31.

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8 Dec 2023 12:52

TRADING UPDATES: Marula says Blesberg equipment arrives early

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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4 Dec 2023 14:01

IN BRIEF: Vast Resources in talks to extend repayment of debts date

Vast Resources PLC - mining and resource development company with interests in Romania, Tajikistan and Zimbabwe - Announces discussions for an extension to its asset-backed debt facility with A&T Investments SARL and to tranche A of its prepayment agreement with Mercuria Energy Trading SA. The debt owed was due last week Thursday.

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