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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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7 Oct 2022 21:54

TRADING UPDATES: Vast Resources in offtake deal; Conroy posts assays

(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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6 Oct 2022 12:34

Vast Resources signs Tajikistan offtake deal with Trafigura

(Sharecast News) - Vast Resources announced on Thursday that, following the successful opening of the Takob mine processing project at the Takob Mine in Tajikistan, it has signed an exclusive offtake contract with global commodity trader Trafigura for the sale of bulk concentrates produced from the project.

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26 Sep 2022 20:22

TRADING UPDATES: AltynGold, Rambler Metals & Mining revenue grows

(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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15 Aug 2022 12:05

Vast Resources officially opens Tajikistan joint venture project

(Sharecast News) - Vast Resources officially opened the joint venture project at the Takob Mine in Tajikistan with its partner company Takob on Monday.

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15 Aug 2022 12:05

Vast Resources officially opens Tajikistan joint venture project

(Sharecast News) - Vast Resources officially opened the joint venture project at the Takob Mine in Tajikistan with its partner company Takob on Monday.

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1 Aug 2022 13:14

Vast Resources to begin molybdenum concentrate production

(Sharecast News) - Production and development company Vast Resources announced on Monday that it will start molybdenum concentrate production in August at its Baita Plai Polymetallic Mine in Romania.

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1 Aug 2022 11:14

AIM WINNERS & LOSERS: Wishbone drill results impress; DeepVerge pact

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

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27 Jul 2022 06:53

IN BRIEF: Vast Resources expects big output rise at Baita Plai mine

Vast Resources PLC - London-based miner with projects in Romania and Zimbabwe - Gets mixed results from Baita Plai polymetallic mine in Romania in the second quarter of 2022 but expects this to improve. Produces 268 dry metric tonnes of copper concentrate, up 17% from 229 a year ago. Sells 183 dry metric tonnes of the material, down 22% from 234. Mills 11,292 metric tonnes of ore, 6% less than 12,103 a year ago.

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1 Jul 2022 06:59

IN BRIEF: Vast Resources's Takob almost refurbished; to process ore

Vast Resources PLC - London-based miner with projects in Romania and Zimbabwe - On June 30 announces its Takob plant in Tajikistan is in the final stages of refurbishment. Says equipment for the plant is expected to arrive on site in the first quarter of 2022. Anticipates royalty equivalent revenues. The processing of two months worth of stockpiled ore will start in July, firm adds.

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27 Jun 2022 21:15

TRADING UPDATES: 88 signs license agreement; Lekoil litigates

(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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25 May 2022 09:10

Vast Resources reaches settlement with Atlas; in Tajikistan deal

(Alliance News) - Vast Resources PLC on Tuesday said it reached an agreement with Atlas Special Opportunities LLC regarding its bond conversion notice.

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19 May 2022 09:12

IN BRIEF: Vast Resources seeks legal advice on Atlas conversion notice

Vast Resources PLC - London-based miner with projects in Romania and Zimbabwe - On Wednesday says it is seeking legal advice regarding the issued conversion notice for USD800,000 by Atlas Special Opportunities LLC. The USD800,000 was part of the repayment to Atlas instructed as of Friday last week, but for which a SWIFT confirmation was only received on Monday.

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16 May 2022 12:40

Vast Resources shares surge as it repays outstanding debt to Atlas

(Alliance News) Vast Resources PLC on Monday said it repaid all its outstanding bond debt to Atlas Special Opportunities LLC.

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13 May 2022 11:15

IN BRIEF: Vast Resources issues 150 million shares for bond conversion

Vast Resources PLC - London-based miner with projects in Romania and Zimbabwe - Issues 151.3 million new ordinary shares at 0.27 pence each, compared to Thursday closing price of 1.37p. Vast now has 760.5 million shares in issue, so the issuance represents 20% of the enlarged total. The share issuance is in response to London-based Atlas Special Opportunities LLC choosing to convert bonds of USD500,000 nominal value. On May 3, Atlas had given Vast a non legally binding verbal assurance that it would do no more conversions.

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3 May 2022 11:40

Vast Resources soars on jump in quarterly revenue and higher output

(Alliance News) - Vast Resources PLC's shares surged on Tuesday after the firm reported that revenue more than tripled in its first quarter on a contribution from Tajikistan and higher production.

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