Member Info for whitto

Released 07:00:00 22 June 2020
Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining

22 June 2020
Vast Resources plc
(“Vast” or the “Company”)

Placing to raise £1,486,900 before costs

Vast Resources plc, the AIM-listed mining company, is pleased to announce that it has raised an amount in aggregate of £1,486,900 before costs through a placing (the ‘Placing’) of 826,055,555 ordinary shares of 0.1p in the Company (‘Ordinary Shares’) at a price of 0.18p per Ordinary Share (the ‘Placing Shares’).

The Placing was undertaken by the Company’s Joint Broker, Axis Capital Markets Ltd. The Company has received interest from certain other investors in participating for a further £109,800 on similar terms as the Placing and will make a further announcement as and when such arrangements are finalised.

The cash raised from the Placing together with further subscription proceeds as referred to above will provide funds to cash settle the liability to Atlas Capital Markets (‘Atlas’) at the end of July or during August 2020, should Atlas decide to exercise its conversion rights prior to the Company finalising the refinancing announced on 15 May 2020. At current share prices, the necessary sum to achieve this is estimated by the Directors to be of the order of US$780,000 As announced on 24 October 2019 under the Atlas Bond Issue Deed there is a six months non-conversion period from the drawdown date (30 January 2020) after which Atlas may convert up to 10% of the par value of the Bond each month.

In addition, the funds being raised will provide the Company with funding for the first month’s production at the Baita Plai Polymetallic Mine until the first sale of concentrate expected in late August, together with some further general working capital.

Andrew Prelea, CEO of Vast, commented:

“We are happy that the final stages of development at Baita Plai are proceeding on time and as planned and expect that the funds raised today will take us through to the anticipated date when we can achieve cash flow through the sale of concentrate.”

Admission of and dealings in the Placing Shares

Application has been made to AIM for the Placing Shares, which will rank pari passu with existing Ordinary Shares, to be admitted to trading on AIM (‘Admission’) in two tranches. It is expected that Admission will become effective and dealing will commence in respect of the issue of 215,000,000 of the Placing Shares on or around 26 June 2020 (the ‘First Admission’) and that Admission will become effective and dealing will commence in respect of the issue of 611,055,555 of the Placing Shares on 6 July 2020 (the ‘Second Admission’). The Placing is conditional on Admission.

Following the First Admission, the total issued share capital of the Company will be 11,527,660,643 and following the Second Admission this will be 12,138,716,198. The above figures of 11,527,660,643 and 12,138,716,198 respectively may then be used by shareholders, follow

I EXPECT A FEW BAGS INCOMING

I COMMENTED EARLIER ABOUT NOT WORRYING ABOUT SHARE PRICE DIPPING . THIS IS WHY !!! MAJOR PLAYERS NOW INVOLVED IN THIS SHARE AGAIN .. GLA

Date Time Trade Prc Volume Buy/Sell Bid Ask Value
19-Jun-20 15:50:39 13.035 100,000 Buy* 12.50 13.30 13.04k O
18-Jun-20 12:04:28 13.10 350,000 Buy* 12.50 13.30 45.85k O
18-Jun-20 08:05:33 14.7947 198,497 Buy* 12.50 13.30 29.37k O
18-Jun-20 08:53:32 16.02 225,611 Buy* 12.50 13.30 36.14k O
18-Jun-20 08:10:43 14.77 164,475 Buy* 12.50 13.30 24.29k O
18-Jun-20 11:00:11 13.7002 157,369 Buy* 12.50 13.30 21.56k O
18-Jun-20 08:10:06 15.422 500,000 Buy* 12.50 13.30 77.11k O
18-Jun-20 08:16:38 15.20 148,780 Buy* 12.50 13.30 22.61k O
18-Jun-20 14:18:15 14.682 146,356 Buy* 12.50 13.30 21.49k O
18-Jun-20 09:12:06 15.00 250,000 Buy* 12.50 13.30 37.50k O
18-Jun-20 08:09:51 14.1037 450,000 Buy* 12.50 13.30 63.47k O
18-Jun-20 12:51:51 13.066 225,611 Buy* 12.50 13.30 29.48k O
18-Jun-20 11:04:46 14.2997 209,731 Buy* 12.50 13.30 29.99k O
18-Jun-20 08:36:50 15.22 200,000 Buy* 12.50 13.30 30.44k O
18-Jun-20 08:54:50 15.6591 234,652 Buy* 12.50 13.30 36.74k O
18-Jun-20 08:19:49 15.897 227,256 Buy* 12.50 13.30 36.13k O
18-Jun-20 08:05:27 14.84 185,984 Buy* 12.50 13.30 27.60k O
18-Jun-20 10:53:09 14.009 160,000 Buy* 12.50 13.30 22.41k O
18-Jun-20 09:12:35 15.00 150,000 Buy* 12.50 13.30 22.50k O
18-Jun-20 08:34:15 15.2697 157,655 Buy* 12.50 13.30 24.07k O
18-Jun-20 11:26:26 12.9785 263,524 Buy* 12.50 13.30 34.20k O
18-Jun-20 09:12:10 15.4898 167,826 Buy* 12.50 13.30 26.00k O
18-Jun-20 08:40:10 16.0225 267,400 Buy* 12.50 13.30 42.84k O
19-Jun-20 14:58:44 13.52 100,000 Buy* 12.50 13.30 13.52k O
19-Jun-20 15:49:19 13.105 70,000 Buy* 12.50 13.30 9,174 O
19-Jun-20 15:41:43 13.12 50,000 Buy* 12.50 13.30 6,560 O
19-Jun-20 16:35:13 13.00 195,054 Buy* 12.50 13.30 25.36k

GOOD TO C U AGAIN MR TROTTER . HOPEFULLY OTHERS WILL LOOK INTO MY MY RECOMMENDED FOLLOW UP SHARES . HAVE NO FEARS RE VLS . ITS NAILED ON PROFITS

THIS SHARE WILL WILL DO 2P NO PROBS.

HIGH BTTF I HAVE MANY SHARES AND 1 VELOCYS WHICH IS A WASTE TO FUEL PROJECT . ITS GOING TO BE A GAME CHANGER IMO . I ALSO INTO ORCP WHICH IS ALSO MASSIVE FUEL /POWER PROJECT AND I POSTED ON THIS BOARD BY MISTAKE . IT WAS MEANT FOR VEL FOLLOWERS

LOOK INTO ORCP NOW !!!!

i did say earlier to watch orcp !!!!

what do you value this company out when the mice suceed and a big pharma buys .

sticky go back to when the share was dealt at what time and see if all around the time were similar . this share is being manipulated to force sells at mo as it many times more value just on sentiment alone now the govt is backink it . go back 5 years and it was well above £1 and roman abramovitch is a major share holder . gla

hi . just been offered 6. 42 on 70 k shares . there are 4 mms on the buy . this price should go up soon imo

39 Depth
13.7 99,500 14:39
13.8 80,000 12:02
13.8 50,000 14:31
14 15,000 12:02
14 200,000 SCAP 12:02
14 200,000 PEEL 12:02
14 200,000 ARDA 14:21
14.1 30,000 14:17
14.45 17,548 14:24
14.45 7,593 14:24
14.5 30,734 12:23
14.5 30,000 13:47
14.5 20,000 14:54
14.6 20,000 12:02
14.6 200,000 STFL 12:15
14.7 15,900 13:48
14.8 100,000 12:02
14.8 200,000 14:21
14.8 200,000 14:21
15 25,000 12:02
15 200,000 CFEP 12:02
15 2,100 12:02
15 6,700 12:02
15 40,000 12:02
15 16,000 12:09
15 200,000 SING 14:17
15 200,000 WINS 14:25
15 50,000 14:52
15.2 37,138 12:02
15.5 1,000 14:17
15.8 100,000 12:02
15.9 200,000 NUMS 14:39
15.9 200,000 JBER 14:39
15.9 200,000 CANA 14:40
16.7 15,000 12:02
17.2 657 12:02
17.5 2,640 12:02
18 8,000 12:02
23.5 100,00

now 65,15 /6 .579

34 Depth
13.8 80,000 12:02
14 15,000 12:02
14 200,000 SCAP 12:02
14 200,000 PEEL 12:02
14 200,000 WINS 14:14
14 200,000 ARDA 14:21
14.1 30,000 14:17
14.45 32,499 14:21
14.5 30,734 12:23
14.5 30,000 13:47
14.6 20,000 12:02
14.6 200,000 STFL 12:15
14.7 15,900 13:48
14.8 100,000 12:02
14.8 200,000 14:21
14.8 200,000 14:21
15 25,000 12:02
15 200,000 CFEP 12:02
15 2,100 12:02
15 6,700 12:02
15 40,000 12:02
15 16,000 12:09
15 200,000 SING 14:17
15.2 37,138 12:02
15.5 1,000 14:17
15.75 200,000 CANA 14:21
15.8 100,000 12:02
15.9 200,000 JBER 14:21
15.9 200,000 NUMS 14:21
16.7 15,000 12:02
17.2 657 12:02
17.5 2,640 12:02
18 8,000 12:02
23.5 100,000 12:02

JUST A THUMBS UP FOR 2 OTHER INTERSTING INVESTMENT I GOT CASH IN AND WATCHIN NOW . HEMO AND ORCP . WORTH READING UP ABOUT IMO

2 SPEEDING TICKETS

ALSO LOOK AT THE VOLUME .. SERIOUS INVESTORS ARE NOW TAKING A STANCE

THINK IT COULD B A GOOD NEXT WEEK . HAVE A LOOK AT THE AFTER TRADE DEALS DONE AND YOU WILL NOT WORRY ABOUT THESE SMALL CHANGES OF SP . GLA

12 Depth
5.96 5,000 13:50
6.3 10,000 13:50
6.5 8,500 13:50
6.8 50,000 STFL 10:57
6.8 50,000 WINS 13:45
7 50,000 CFEP 13:06
7 50,000 JBER 13:48
7 50,000 PEEL 13:46
7 50,000 SCAP 13:48
7 22,500 13:50
7.3 50,000 SING 13:17
10.5 200,000