AP on Vast exiting26 May 2022 16:07
Chief executive Andrew Prelea described it as a definitive turning point and said he believes it should restore fair value to the share price.
“Refinancing of the outstanding bonds with Atlas is a major catalyst for the company, in our view,” Shore Capital analyst Sheldon Modeland said in a note. “With the convertible loan now fully repaid the company can focus on its optimisation plans for Baita Plai.
“We are encouraged by the ongoing mining and development work over the past few months as well as the potential for additional revenue with commissioning of a second mill circuit and a new molybdenum line.“