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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: 0.22
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Change: 0.005 (2.33%)
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TRADING UPDATES: AltynGold, Rambler Metals & Mining revenue grows

Mon, 26th Sep 2022 20:22

(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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Fuller, Smith & Turner PLC - London-based pub and hotel company - Plans to repurchase up to 1 million of A shares for a maximum price of 5% per share over the average middle market price. The shares are of 40 pence each. Says the purchases will be made on its behalf. The purpose of the programme is to increase the number of shares held in treasury and to meet future obligations arising from its long-term incentive plan, as well as share-based reward plans.

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Serabi Gold PLC - Brazil-focused gold miner - Intersects Zonta vein, which lies around 100 metres further west of the Senna vein at its Palito mine in the Tapajos region of Para State, Brazil. Identifies high grade intercepts with the recent underground drilling.

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Vast Resources PLC - London-based miner with projects in Romania and Zimbabwe - Raises gross proceeds of GBP656,000 through a placing of 164.0 million shares at 0.40 pence per share. The placing was undertaken by its joint broker Axis Capital Markets Ltd. Says the net proceeds will support its operations over the coming weeks. This is the consequence of a delay in exporting its latest concentrate shipment, due to shipping availability as well as the start of the underground production ramp up occurring later in the third quarter of 2022. Expects the next concentrate sale from its Baita Plai project in the first half of 2022.

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AltynGold PLC - London-based gold mining company with assets in Kazakhstan - Pretax profit rises to USD11.6 million from USD9.3 million a year before. Revenue grows to USD32.1 million from USD23.0 million. Sells 17,542 ounces of gold in the period up from 12,560. Expects to process up to 650,000 tonnes for ore in 2022.

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Walls & Futures REIT PLC - London-based designer and developer of specialist social housing - Pretax profit in the year to March 31 narrows to GBP122,279 from GBP214,169 the year before. Revenue falls 37% to GBP93,455 from GBP148,420. Intends to use assets as collateral for loans to finance future Pax Homes developments.

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India Capital Growth Fund Ltd - investment fund - Net asset value per share as at June 30 115.00 pence, down 15% from 134.74p as at December 31. Underperforms its benchmark index, the BSE Midcap Total Return Index, which fell by 8.5%. Share price as at June 30 falls 20% to 96.00p from 119.75p as at December 31. Says Indian equity markets where underperforming. Adds exporters and global facing companies were particularly hard hit.

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Martin Currie Global Portfolio Trust PLC - Edinburgh-based investor in sustainable listed growth companies - Records a total net asset value per share return of negative 8.8% in the six months to July 30, underperforming its benchmark, the MSCI All Country World index, which returned negative 1.0%. Attributes declines to geopolitical events, high inflation and rising interest rates that led to a sell-off in equity markets. Records revenue per share of 1.39p, up from 1.00p. Maintains its interim dividend at 1.80p. Warns of uncertain outlook, "with inflation reaching levels not seen for a generation."

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Rambler Metals & Mining PLC - Surrey, England-based copper and gold producer - Pretax loss in the first half of 2022 widens to USD9.6 million from USD4.8 million a year before. Administrative expense rise 27% to USD3.3 million from USD2.6 million. Revenue rises 90% to USD25.4 million from USD13.4 million. "This is a direct effect of the ramp up in operational activity as production volumes increased by 130% over H1 2021," the company says.

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By Abby Amoakuh; abbyamoakuh@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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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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3 May 2022 11:29

AIM WINNERS & LOSERS: Hutchmed sinks on US FDA drug rejection

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

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12 Apr 2022 11:56

Vast raises £0.42m to increase mining volumes at Baita Plai

(Sharecast News) - Vast Resources announced the raising of £0.42m on Tuesday, to support its planned increase in mining volumes at the Baita Plai Polymetallic Mine.

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31 Mar 2022 21:07

TRADING UPDATES: SSE's Transmission raises cash; Croda gets UK grant

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

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7 Feb 2022 15:54

IN BRIEF: Vast Resources pulls out of deal for Gem Diamonds Botswana

IN BRIEF: Vast Resources pulls out of deal for Gem Diamonds Botswana

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1 Feb 2022 22:07

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1 Feb 2022 14:42

Vast Resources pulls out of Ghaghoo venture with Botswana Diamonds

(Sharecast News) - Mining company Vast Resources pulled out of its joint venture acquisition of Gem Diamonds Botswana (GDB) on Tuesday.

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7 Dec 2021 12:05

Vast Resources appoints Andrew Hall to board as commercial director

(Sharecast News) - Vast Resources announced the formal appointment of Andrew Hall to the board as commercial director on Tuesday, with immediate effect.

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10 Nov 2021 12:00

Vast completes latest sale of concentrate from Baita Plai

(Sharecast News) - Mining company Vast Resources updated the market on its producing Baita Plai polymetallic mine in Romania on Wednesday.

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29 Oct 2021 21:48

IN BRIEF: Vast Resources narrows annual loss; raises cash

IN BRIEF: Vast Resources narrows annual loss; raises cash

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28 Oct 2021 11:50

Vast Resources raises £1.35m to cover working capital shortfall

(Sharecast News) - Mining company Vast Resources has raised gross proceeds £1.35m gross through a placing, it announced on Thursday, to cover a shortfall in working capital.

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28 Oct 2021 11:42

AIM WINNERS & LOSERS: Vast Resources falls after discounted placing

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TRADING UPDATES: Ridgecrest ends Blue Air deal; Vast's Baita Plai hit

TRADING UPDATES: Ridgecrest ends Blue Air deal; Vast's Baita Plai hit

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