Member Info for Invest4theLT

Different situation in that the company had to shell out for the rights and then got a little more than reimbursed back then?

From 03/01/23 update:

‘’ · The Company anticipates signing a Debt refinancing term sheet in January 2023 and closing the debt refinancing in the first quarter of 2023.’’

Only a few more days of January - here’s hoping…

Sounds like it won’t be a sackful then by the time (and if) it reaches Vast. A fraction of this perhaps. Will be interesting to see how this plays out.

COLE CREEK 4-27

WOGCC site now showing well status as ‘producing oil well’. May just be admin delay following the sundries approval document but think the status change update happened today.

Mon, 23rd Jan 2023 08:00

AIM Rule 11 Update
Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining

23 January 2023

Vast Resources plc(‘Vast’ or the ‘Company’)

AIM Rule 11 Update

Vast Resources plc, the AIM-listed mining company, wishes to announce a further update to the RNS of 26 September 2019 regarding the settlement of historic claims.

Settlement discussions regarding the historic diamond claims in Zimbabwe have been ongoing for some time and the Company can now advise that discussions relating to the release of an historic parcel of 129,400 carats of rough diamonds held in safe custody at the Reserve Bank of Zimbabwe (“Historic Parcel”), pursuant to a direction from the Supreme Court of Zimbabwe as announced by the Company on 18 February 2010, has required, for the purposes of their completion, that Legacy Issues be finalised in the High Court of Zimbabwe.

The intention of the parties was, as part of the settlement process, to agree a transparent legal framework to progress the release of the Historic Parcel held, pursuant to the January 2010 Order of the Supreme Court in the custody of the Reserve Bank of Zimbabwe pending determination of an appeal against the High Court Judgement of September 2009.

To this end, and in order to dispose of the legacy issues that could undermine the integrity of settlement discussions, the Company commenced formal legal action in the High Court of Zimbabwe in December 2022.

The Board has been advised by its legal Counsel and is encouraged that material progress on the outcome of this legal action can be made during the course of January 2023 and it will provide further updates to the market regarding the status of this process. The Company recognises that there is no certainty of settlement until the court matter is finalised. Also, the final quality assortment of the Parcel will be determined when the stones are in the Company’s possession and can be independently cleaned and valued.

Upon this matter being finalised the Company can refocus its attention back to other opportunities in Zimbabwe as previously announced.

JBER hogging the Ask keen to shift some stock presumably.

https://www.wsgs.wyo.gov/products/wsgs-2023-OG-summary.pdf

You tried to help Sandy. This might be helpful too - the pre capital reorganisation shares in issue (slightly higher than now and then divided by 100 at the time of the subsequent reorganisation):

30 April 2021

Vast Resources plc(‘Vast’ or the ‘Company’)

Total Voting Rights

For the purposes of the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority (“FCA”), Vast Resources plc, the AIM-listed mining company, announces:

As at the date of this announcement the Company's issued share capital consists of 21,300,489,500 ordinary shares with a nominal value of 0.1p each, with voting rights ("Ordinary Shares"). The Company does not hold any Ordinary Shares in Treasury and accordingly the total number of Ordinary Shares with voting rights is 21,300,489,500.

The above figure of 21,300,489,500 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

Actually it’s probably the rns 0.8p vs the FT 8p discrepancy.

That does not(?) allow for the subsequent capital reorganisation. Anyway, from the relevant rns:

20 April 2021

Vast Resources plc(“Vast” or the “Company”)

Director Share Purchase

Vast Resources plc, the AIM-listed mining company, announces that it was notified on 20 April 2021 that Mr Andrew Prelea, Chief Executive Director of the Company, purchased 25,000,000 ordinary shares of 0.1 pence each in the share capital of the Company (“Ordinary Shares”) at a price of 0.837 pence per Ordinary Share on the Secondary Market.

Following this purchase, Mr Prelea’s total beneficial ownership in the Company is 1,606,514,739 Ordinary Shares, which represents approximately 7.54% of the Company’s issued share capital.

This is the original GM document that explains how the CEO got the majority of his shares:

https://www.vastplc.com/wp-content/uploads/2020/11/260065-st-brides-vast-gm-letter-web.pdf

Thanks for your emails re the financials yesterday Sandy. What are your thoughts on the wider plc costs and plc break even? Will BP get to this before the end of the year, or perhaps Takob revenue could be the answer? Thanks

Just a reminder the spud dates are shown on the WOGCC site as ‘anticipated’ dates not fixed dates.

Lates:

05-Jan-23 14:01:49 16.625 250,000 Unknown* 41.56k O
05-Jan-23 10:59:28 16.625 250,000 Unknown* 41.56k

I suspect he’s doing what he promised the JV party iro permissions while they finalise things their end. When finalised, the casings shouldn’t be a concern.

Might be of interest:

https://www.mondaq.com/unitedstates/oil-gas--electricity/1267524/notable-us-carbon-capture-and-storage-projects

JBER off the ASK now.

JBER have been controlling the ASK all morning taking care of all the buys. I wonder where they’re getting their stock from.

If the LSE data is correct, 1.7m buys so far.

Updates on the Horizontal Wells will probably be tied in with the JV announcement assuming all goes to plan. They are marked confidential on the WOGCC site presumably for this reason.

Yes, a 1% increase in the shares in issue doesn’t justify the drop but with JBER on the ASK I think we can see what’s happening.