Member Info for Fronteracheckin

£24,000 per point, imbecile 😂

Do you really think if they got a concession in Zimbabwe they wouldn't have every financial institution on the planet throwing money at them? I'm in here solely for the diamond parcel hype which should fetch a couple of million in the first auction (they're auctioning in bits and pieces of course to maximise value) - however if they tea up with a gem cutting firm which they've hinted at this will X10 the diamond value, which I would then stay invested longer term for -- if they got a concession in Zimbabwe? Id triple my holding in here (24k ATM) and not look back. Their stolen rights on the marange (which they have legal approval from the courts to state that they still have these rights) has had literally billions of dollars mined from it. If the Zim gov uses VAST (formerly ACR) as a geopolitical move 'look at us were sorting out the shht that Mugabe started come and invest in our country ' this share could go into the mega, mega bucks. Of course pipe dream but for now I'm in for the diamond sale. Any of the above even hints at happening and ill be far more interested long term

Hang on how much do you think the diamond parcel is worth? And can you explain your maths and reasoning thanks

Oh yes — that’s very curious, and you're definitely not the only one raising an eyebrow.

Let’s break this down, because the implications are huge and the timing is… let’s just say “interesting.”

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🧠 At a Glance:

Factor Detail

📦 Diamond Parcel

📈 Market Cap Surge From ~£2.5M → £13M+

🔺 Share Price Jump From 0.07p to 0.6p — an 857% increase

⏱️ Timing Happened before public announcement of the diamond release

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🔎 So What Could Explain This?

❌ 1. Pure Market Speculation?

Unlikely — the volume and precision of the price movement before news dropped doesn’t look like random retail hype. Vast had been “radio silent,” and the CEO even admitted:

> “Every time someone leaked info or contacted the press, it set us back 3–6 months.”

❗ 2. Possible Leak?

Seems plausible. Someone may have known this deal was close:

Ramped up their position quietly

Caused a speculative price re-rate

Then waited for the confirmation RNS to trigger a broader FOMO rally

🧑‍⚖️ 3. Insider Buying?

The CEO did say:

> “I put some money in… at the beginning of this year to keep the lights on.”

But that was disclosed, and didn’t cause this sort of spike. The real question is: who else was buying, and why?

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⚠️ Red Flag or Just Fortuitous Timing?

You’ve essentially got a company whose entire market cap now rests on a single diamond parcel — and that parcel just happens to be:

Significantly larger and more valuable than expected

Cleaned and sorted in Dubai for premium pricing

Set to be sold in phased auctions, so they control supply

That kind of asymmetric information creates the perfect storm for a speculative rally — or an unofficial early re-rate by someone in the know.

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🧮 Bottom Line:

> Vast’s current market cap (~£13M) is now arguably justified by the diamond parcel alone — if the auctions go well. But the timing of the share price surge still stinks of someone knowing more than they should have.

Do you want a chart comparing:

Market cap before vs. after

Diamond revenue potential

Debt obligations

…to show just how pivotal this one asset is to their valuation?

Very sad that someone has bagged hundreds of millions if not a billion shares in here between 0.07p and and 0.13p back in December to Feb - go check out the 6 month price history on LSE and look at the volume spikes in December January and February. Then the volume drops to nearly nothing at all until for months until announcement. Very curious activity indeed.

I'd be careful mate, I've just jumped in for a £24k per point long position on my trading platform at 0.42, I didn't quite get to the 0.3-.35 I was hoping for but just this hour it's bounced off support, bounced off the upward trend line and just cut though the last week's downward trendline, 3 positive chart based signs to enter, good luck boys moneys is where my mouth is!

15% down last week, what will this week bring is if no news? Hoping news on diamonds should come within the next 6 months GLA

0.40 GBX -0.07 (-14.71%)past 5 days

23 May, 17:07 BST

Sorry? I believe I literally just posted a fact unless you're saying the London stock exchange prices are incorrect?

LON:VAST 0.41 GBX -0.06 (-13.33%)past 5 days

Down 10.87% so far this week (was down 19% this week mid afternoon yesterday)

How many -10-15% weeks will all those gamblers who bought in on the diamond news last? I'm not sure but we do know a sale of £20k in shares can knock off £2m from the company value.. insane hate those MM's!

Didn't AP say he will do everything he can to maximise the value of the diamond parcel? I don't think a fire sale auction within a few weeks of receiving them after an 18 year wait for an absolutely diluted market impacting 130k carot multi thousand diamond package in one auction is ever going to happen on this planet - I'm thinking it'll be 6+ months before any news on the diamond at all. In less than 1 month the paper hand holders will start selling everything they've got as the price trickles down and down every week, radio silence from AP is the norm for this company and we all know it. 3+ months of radio silence and this price will be back towards the pre 527% rise levels. Best thing is if the price suddenly starts flying up on no news, the leaky ship tells us what's happened with the diamonds (AP will have zero clue why the price of a company on the verge of financial collapse triples with no information whatsoever of course 🤥)

Buy order set at 0.3 and 0.25 GLA

Getting there lads - 0.07p to go, GLA!

And if you find out they are auctioning them off due to the obvious creditor pressure? (You do remember august 2024 when they threatened to make the company insolvent right?) What will you do?

VAST are almost certainly going to have to auction the diamonds in Dubai - aka fire sale and at an absolute bargain price as all auctions are built for. 18 years to get them back, and will have to auction them in a few weeks due to extreme pressure from the creditors

Gonna be a shame to see them go for circa 40% of their value at fire sale

Hang on are you saying he had material information back then on the diamond parcel that was arriving for the last 18 years but he didn't release that material information to the market as he is legally bound to??

The company has done nothing but increase debt, be threatened by insolvency by their creditor in August 2024 (that's 6 months ago btw) and collapsed financially to the point where the CEO had to invest his own money 'to keep the lights on' in Andrews own words two weeks ago.

Share price rises 400% before any news - stinks of leaks.

Company was at 0.01p a number of weeks ago, even if there is anything left after the debt repayments, do you trust Andrew to use it efficiently? The last decade has shown this not to be the case.

These shares were worth over £26 EACH in 2008, £1.50 each in 2014, and 0.01 pence just a few weeks ago.

GLA

Governance and Management Issues:

• Repeated departures and reshuffles at the executive and management level, notably the loss of senior management involved in Zimbabwe diamond operations and Romanian technical management, highlight potential instability or strategic disagreements internally.

• Dependence on Andrew Prelea (CEO) is repeatedly highlighted, as operational setbacks often coincided with his absence from sites, suggesting inadequate second-tier management strength or oversight systems.

Critical Analysis & Risks:

Worst-Case Concerns:

• Liquidity Crisis & Insolvency Risk:

Persistent delays in debt refinancing, reliance on repeated extensions from creditors, and insufficient cash reserves strongly suggest Vast is skating on thin ice regarding liquidity and solvency. Repeated references to needing "alternative revenue streams" and new refinancing strongly imply desperation rather than strategic financial planning.

• Dependence on Diamond Parcel:

Vast Resources appears reliant on the eventual sale of the historical diamond package recovered from Zimbabwe. While potentially transformational, significant risk exists around valuation, final realisable value, timing of sale, and potential legal challenges or creditor claims once realised.

• Romanian Operational Breakdown:

Despite heavy investment, the Romanian mine (BPPM) has consistently underperformed. The recent voluntary reorganisation signals a drastic attempt to contain operational and financial haemorrhaging, possibly foreshadowing deeper financial distress or forced asset sales.

• Shareholder & Creditor Legal Risk:

Moves such as changing the registered office to a law firm’s address could be pre-emptive steps anticipating creditor actions, shareholder lawsuits, or even regulatory investigations, providing legal defence infrastructure and controlling sensitive communication channels.

• Persistent Delays in Zimbabwe Agreement:

Despite optimistic statements since 2019, Vast continually mentions unresolved issues in Zimbabwe, suggesting deeper political or operational risks. Given historical challenges in Zimbabwe, the realisation of diamond-related value may face unexpected regulatory, political, or logistical hurdles.

Concluding Remarks:

• Vast Resources, while holding potentially valuable assets, remains mired in deep financial, operational, and structural challenges.

• Short-term survival hinges almost exclusively on rapidly monetising the recovered Zimbabwe diamonds at anticipated valuations, refinancing debt obligations successfully, and stabilising Romanian operations.

• Without a swift resolution of these issues, particularly the diamond monetisation, the risk of creditor action, forced asset sales, shareholder discontent, and possibly insolvency or severe dilution through further fundraising increases significantly.

In short, the next 6–12 months represent a make-or-break period for Vast Resources, with the diamond parcel's monetisation ce

Having carefully reviewed the annual and interim reports for Vast Resources from 2019 to the latest available interim report in 2024, here's a comprehensive overview of the key insights, developments, concerns, and financial trajectory of the company:

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Key Financial Observations:

1. Increasing Losses & Financial Instability:

Vast Resources consistently reported losses from 2019 through the most recent period (Oct 2024), albeit with some fluctuations.

Losses reached their peak in April 2022 at $15.5 million before reducing to around $10.5 million by April 2023. By October 2024, losses narrowed further to $3.3 million, mostly due to operational restructuring and aggressive cost-cutting.

2. Revenue Volatility & Operational Challenges:

Revenues fluctuated significantly, notably increasing from $0.9 million in April 2021 to $3.8 million by April 2022, but faced subsequent stagnation and reductions due to logistical and operational disruptions, reaching just $0.211 million by October 2024.

3. Heavy Debt Burden & Repayment Challenges:

Vast carried significant debt obligations with Atlas, Mercuria, and Alpha. They managed to repay Atlas debt fully by May 2022, partially funded by new loans from A&T Investments (Alpha). However, Mercuria and Alpha debts remain problematic, with continued extensions and missed repayment deadlines, indicating chronic liquidity and solvency issues.

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Operational and Strategic Developments:

1. Romanian Operations (Baita Plai Mine - BPPM):

Despite significant investment in modernisation and attempts at mechanisation, the BPPM repeatedly encountered operational setbacks. Issues included union pressures, inefficient mining practices, and significant restructuring through voluntary reorganisation under Romanian insolvency laws.

Attempts to scale production through mechanisation and expansion faced constant delays and productivity shortfalls, although production did notably increase between 2022 and 2023 (from ~38k tonnes milled to ~61k tonnes milled annually).

2. Zimbabwe Diamond Opportunity:

Vast has continually referred to a diamond concession as a critical value driver but consistently noted delays and setbacks in finalising agreements with Zimbabwean stakeholders, particularly the ZCDC (Zimbabwe Consolidated Diamond Company).

The recovery of a historical diamond parcel of ~130,000 carats after roughly 18 years was described as a pivotal potential windfall, potentially multiple times their previous market cap.

3. Tajikistan Joint Venture:

Vast expanded into Tajikistan with a joint venture and royalty arrangement on a fluorite and galena mine, alongside potential further involvement in the Aprelevka gold mines. This diversification is intended to generate additional stable revenues, though concrete outcomes are yet uncertain.

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Governance and Management Issues:

Repeated departures and reshuffles at the executive and manage

Well this is terrifying and hasn't been talked about at all on here; Based on the information available, Vast Resources has faced significant financial challenges, including a threat of enforcement action from creditor Alpha due to an outstanding debt of $5.82 million. Alpha had notified Vast that it would begin enforcement procedures if the debt remained unpaid by 26 September 2024.

In response, Vast Resources has initiated alternative measures to settle its debts and secure additional short-term working capital. The company has also entered into advanced discussions for restructuring finance with the owner of Swiss investment company Mercuria Energy Trading SA.

Additionally, Vast Resources has placed its Romanian subsidiary, Vast Baita Plai SA, into voluntary reorganisation under Romanian insolvency law. This move aims to address operational inefficiencies and labor disputes at the Baita Plai mine.

These actions indicate that while Vast Resources is taking steps to manage its financial difficulties, it remains in a precarious position, and the situation warrants close monitoring for any further developments.

Will there be anything left of the diamond parcel once the credit wolves have finished sinking their teeth in?

5. Hiding Financial Fragility

Moving out of a prestigious financial district office (Gracechurch St) could be viewed as a symbolic downgrade if left unexplained.

By switching to a law firm’s office, they avoid obvious signs of downsizing while still slashing costs — a "cleaner" optics move.

It suggests a firefighting mode where they’re quietly battening down the hatches while keeping up appearances.

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6. Coordinating a Corporate Restructuring

Could also mean they’re planning to:

Restructure debt terms (e.g., convert Alpha debt into equity),

Sell assets out of one company into another,

Form a new entity to ringfence valuable operations from old liabilities (especially if Tajikistan mines are profitable while legacy debts come from Zimbabwe/Romania ventures).

Lawyers would take the reins to manage company law, filings, and shielding strategies.

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Final Thought:

This small-seeming filing tells a big story. It suggests Vast Resources may be:

Walking a legal tightrope,

Bracing for creditor heat,

Or attempting to stabilize just long enough to cash in the diamond ticket and survive.

It’s a smart move tactically, but if the diamond sale falters, this could be a prelude to:

Fire-sale restructuring,

Creditors circling, or

Insolvency maneuvers.