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Pin to quick picksVast Res Share News (VAST)

Share Price Information for Vast Res (VAST)

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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
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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.

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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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6 Nov 2023 14:34

Vast updates debt agreements with A&T and Mercuria

(Sharecast News) - Mining company Vast Resources updated the market on its debt funding arrangements with A&T Investments (Alpha) and Mercuria Energy Trading on Monday.

Read more
6 Nov 2023 13:57

TRADING UPDATES: Cellular Goods product in Sephora's "Beauty Box"

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

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31 Oct 2023 19:57

EARNINGS AND TRADING: One Heritage Group annual revenue up

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

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19 Oct 2023 14:27

Vast Resources hails first loading of dry metric tonnes in Tajikistan

(Alliance News) - Vast Resources PLC on Thursday reported progress on its activities in Tajikistan.

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6 Oct 2023 13:00

Vast Resources raises £1.82m to fund working capital

(Sharecast News) - Mining firm Vast Resources announced it had successfully raised £1.82m on Friday to fund its working capital and to meet its obligations in Romania.

Read more
6 Oct 2023 10:15

AIM WINNERS & LOSERS: Quartix falls as downgrades 2023 expectations

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

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6 Oct 2023 09:12

IN BRIEF: Vast Resources raises GBP1.8m via share placing

Vast Resources PLC - mining and resource development company with interests in Romania, Tajikistan and Zimbabwe - Raises GBP1.8 million via placing of 933.0 million new shares at 0.195 pence per share. Says the placing will be used for working capital and to support its Baita Plai mine in Romania. Says the funds will cover any unforeseen operational costs due to recent protest action and fund future expansion capital costs, drilling and mine development costs. Notes that it has begun commercial lead and zinc production at Baita Plai, while drilling continues and it plans to extend its licence in 2024.

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4 Oct 2023 17:18

IN BRIEF: Vast Resources wins extensions relating to debt funding

Vast Resources PLC - mining and resource development company with interests in Romania, Tajikistan and Zimbabwe - Agrees a further 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. Extension is to November 30. Says all terms and conditions of the debt remain the same.

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4 Oct 2023 13:29

Vast Resources extends deadline for debt discussions

(Sharecast News) - Mining company Vast Resources announced on Wednesday that a further extension had been agreed upon over its ongoing debt discussions with investment firm A&T Investments (Alpha) and global energy and commodity group Mercuria Energy Trading.

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2 Oct 2023 10:53

IN BRIEF: Vast Resources in talks to extend debt it owes

Vast Resources PLC - London-based mining company with projects in Romania and Zimbabwe - Confirms talks with A&T Investments SARL and Mercuria Energy Trading SA relating to a possible extension of tranche A of the prepayment agreement first announced in March 2018. The totality of debt that Vast Resources owes was due to be repaid last week Friday.

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2 Oct 2023 10:15

AIM WINNERS & LOSERS: Thruvision slumps as US government order scarce

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

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28 Sep 2023 19:50

IN BRIEF: Vast Resources sees shares surge on end to Baita Plai strike

Vast Resources PLC - London-based mining company with projects in Romania and Zimbabwe - Says that a protest at its Baita Plai polymetallic mine in Romania has come to an end, and operations are now continuing as normal at the site. Follows an announcement on September 22 that some Romanian press outlets had reported strike action by mine workers at Baita Plai. At the time, Vast Resources said: "The strike action, which was undertaken illegally, was reported from the mine and coordinated by a small number of individuals...The majority of the workforce remain supportive of the company and continue to perform their duties on site without impediment; as such the impact on operations at Baita Plai is expected to be minimal."

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28 Sep 2023 16:55

LONDON MARKET CLOSE: European blue-chips rise in calmer session

(Alliance News) - London's FTSE 100 managed to push into the green on Thursday, though it fell short of the more convincing gains by European peers, which recovered some poise after a difficult week so far.

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22 Sep 2023 17:23

Vast Resources shares fall as workers strike at mine in Romania

(Alliance News) - Vast Resources PLC shares dropped on Friday, after it updated shareholders on strike action by mine workers at its Baita Plai polymetallic mine in Romania.

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