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How Vast Resources can move into 'game changing' territory

by Alistair Strang from Trends and Targets | 29th October 2019 09:24
Our chartist sees if this complicated share has what it takes to revisit historical highs.

Vast Resources

Our report yesterday against Eurasia Mining (LSE:EUA) provoked a "bloody 'ell" moment in the office. We didn't expect an 67%-plus rise the next day.

Importantly, the price has not yet reached 1.94p, the best achieved being 1.92p and, thus, the initial target has not been exceeded (yet). If it goes nuts again, we shall revisit the share. As for Vast Resources (LSE:VAST), are we expecting similar behaviour?

Here's why Eurasia Mining's shares look interesting
Presently at 0.3p, the share needs trade above 0.39p to give sufficient ammunition to a calculation which projects a useless movement to 0.46p.

All kidding aside, the really important stuff starts to happen if 0.46p bettered as our secondary computes at 0.59p.

Visually, this projects the share into "game changing" territory as realistically 0.93p looks capable of presenting a longer term (or the next day!) attraction.

It's certainly a complicated share, but worth remembering you are playing with fire. The chart suggests since September, something has been happening to shatter the calm of 2019's lack of price movement, so perhaps it's worth keeping an eye open in the week ahead.

The price would require slippage below 0.2p to justify hysterics as we cannot calculate any sort of bottom number. Will it ever recover to its historical highs of 30p? We suspect only, if it lives up to its name and discovers some Vast Resources...

Source: Trends and Targets Past performance is not a guide to future performance

Alistair Strang has led high-profile and "top secret" software projects since the late 1970s and won the original John Logie Baird Award for inventors and innovators. After the financial crash, he wanted to know "how it worked" with a view to mimicking existing trading formulas and predicting what was coming next. His results speak for themselves as he continually refines the methodology.

Alistair Strang is a freelance contributor and not a direct employee of Interactive Investor.

It's looking likely to be in November. Question is beginning, middle or end?

Come to AGM or GM next week and quiz the Directors in person. I think you will find out that he does care

Cabinet meeting today. Let's see what happens this afternoon.

Then GM Friday. Who is going?

100 * bigger company coming very soon.

Andrew Prelea short term SP prediction of 1.44p will be blown out of the water when this really gets motoring with both mines operational.

Taken from telegram;

Good RNS for BOD, this line from it caught my eye...

The Marsfontein mine, which comprises a kimberlite blow, was operated for two years in the late 1990's with a pay-back of its entire development cost in less than four days.

FOUR DAYS!!

I know Vast are in Zimbabwe and are initially alluvial mining but it shows potentially just how profitable a diamond strike can be!

http://newziana.co.zw/2019/10/24/vast-resources-secures-funding-for-chiadzwa-diamond-project/

Do you understand the finance terms. I think you don't.

It's a great deal. Allows BP mine to start production and selling to off taker Mercuria. Vast can then either refinance that with conventional debt IE Swiss bank or pay off the bond with cashflow.

Market has not priced in Diamond cashflow yet as deal has not been signed. It will next week :)

https://youtu.be/ZL0tEHtGjsM

Yes totally dismissed :

https://mobile.twitter.com/Alex72702523/status/1187139792133410816

I hear that one market maker was short of stock and went on a bear raid. Hit stop losses hard and pulled the pants down on many. Was daylight robbery.

Some one got a message back from Andrew (posted on telegram) confirming delay due to travel. Nothing has changed.

Do some research. We are not funding some potential duster or exploratory drill. This is to mine Balta Plai Polymetalic mine. VAST has confirmed resource from SRK (best in industry). This mine will be cash positive within months. So can easily payback funding in no time.

As for diamonds, one of the world's largest finds could be worth a billion to VAST and 15m revenue per quarter and ramping up to 30m!

This will be huge.

When the Croc is back next week this is going back up to 0.5p

Obviously there is a delay. Question is will we get production this year? BP dewatering is a heavy cost but should have enough in the bank to avoid placing.

Seen it do many times.

Bunch of traders. Haven't researched the company and have no understanding of true value and potential.

You're welcome to sell out and chase some rainbow elsewhere. There will be plenty of investors waiting to take your shares.

Haha. Are you panicking that deal is about to be signed? Don't get locked out.

If no RNS first thing, clarifying if there is a delay, then expect one later today or tomorrow when deal is signed.