Can't believe there is no thread existing on VAST.... lots of good news to come that should build on recent sp gains. imho, dyor

1.475p ( 1.45 / 1.50p )

Early movement up and since 50% retracement. Positive Level 2 of 3 v 1, buyers are back since. Went to 1.925p early June and since had a long retracement

Past NEWS
27/07/15 -- Vast Resources raises c.£1.26m in placing, subscription

Vast Resources has raised about £1.26m before costs through a placing of 45.4m ordinary shares and a subscription of 60m ordinary shares, priced at 1.2p each.

The purpose of the Placing and the Subscription is to provide additional funds to further the Company's opportunities in Romania and also for general corporate purposes.
-----------------
22 July 2015
Vast Resources plc
("Vast" or the "Company")
Manaila mine: fulfilment of conditions precedent

Vast Resources plc, the AIM listed resource and development company, is pleased to announce that all the conditions precedent under the sale and purchase agreement (the "SPA") for the acquisition of a 50.1 per cent. interest in Sinarom Mining Group srl ("Sinarom"), the owner of the 1.8Mt polymetallic Manaila mine located in northern Romania ("Manaila"), have now been fulfilled. Accordingly the SPA is now conditional only upon the requirements of Romanian law which provides that any company share sale be gazetted for a period of 30 days before the transfer can be registered at the Romanian Trade Registry ("Registration"). The sale of shares in Sinarom to Vast has already been gazetted and the Company is not aware that there could be any possible valid objection. It is expected that Registration will become effective on or around 20 August 2015.

As announced on 17 July 2015, Vast has already taken over management of Sinarom under a power of attorney and progress towards recommencing production at a rate of approximately 10,000 tonnes per month is well advanced.
--------------------
2 July 2015
Vast Resources plc
("Vast" or the "Company")

Progress Update - Pickstone-Peerless Gold Mine

On-Track to Commence First Gold Production in August 2015 at Pickstone-Peerless Gold Mine

Vast, the AIM listed resource and development company, is pleased to announce that strong progress is being made in advancing the Pickstone-Peerless Gold Mine in Zimbabwe into production in August 2015. The mine is being commissioned, with an estimated annualised gold production of circa 10,000oz Au expected from the targeted initial mining rate of 10,000 tonnes of ore per month from the open cast oxide gold cap.

Overview

First two blasts, one at the Pickstone open cast pit and one at the Peerless open cast pit, have been completed
Run-of-mine ore stockpile is being built at the feed-pad to the crusher ready for the wet commissioning of the crusher circuit:
The circuit, consisting of a primary crusher, two secondary crushers and a cone crusher, is complete - commissioning expected to take place imminently
Completion of the crushing circuit will release additional construction personnel to be allocated to the milling circuit and the carbon-in-leach/carbon-in-pulp tanks
Electrowinning (the recovery of metals from their ores that have been put into solution by means of electrical methods) and gold production facility is complete
Ancillary facilities such as the laboratory, accommodation and mine offices are complete
First gold production scheduled for August 2015
First round of grade control drilling has been completed confirming the initial grades expected of approximately 3.0 grams per tonne
--------------------
10 June 2015
Vast Resources plc
("Vast" or the "Company")

Potential acquisition of an interest in Manaila mine

Vast, the AIM listed resource and development company, announces that it has progressed the its diligence investigation on the currently operating open pit polymetallic Manaila Mine ("Manaila") in Suceava County, northern Romania to an advanced stage further to a pre-sale agreement to purchase a 50.1 per cent. interest in Manaila via an acquisition of 50.1 per cent. of the issued share capital of Sinarom Mining Group SRL ("Sinarom"), the company which currently owns Manaila (the "Pre-Sale Agreement"). The Pre-Sale Agreement between the Company and Ni Jin Ming (the "Vendor"), is subject to completion of satisfactory due diligence by Vast and to the conclusion of a detailed sale agreement, solely at Vast's discretion, but has provision for penalties of US$2m in favour of Vast should the Vendor choose not complete the transaction. The due diligence and subsequently the final transaction document are expected to be completed within the next three weeks.

Further updates in relation to the satisfaction of conditions precedent to the Pre-Sale Agreement and the final sale agreement will be made in due course.

As announced on 10 December 2014, Vast is investigating a number of opportunities in Romania. Further to the Company's announcement on 24 March 2015, Manaila will complement the Company's existing interest in the Baita Bihor Polymetallic Mine and is proximal to the polymetallic interests of the Romanian State mining company, Remin SA, having been formerly owned by Remin SA prior to the state company's closure.

The Pre-Sale Agreement summary

At its sole discretion, Vast will acquire a 50.1 per cent. interest in the share capital of Sinarom for a nominal sum, with the Vendor retaining a 49.9 per cent. interest.

Vast has the right, but not the obligation, to lend Sinarom up to US$5m for the purpose of rehabilitation or further development of Manaila without any dilution of Vendor's 49.9 per cent. interest (the "Rehabilitation Loan").

Dividends or equivalent distributions will be paid from Sinarom as soon as lawfully possible in priority to repayment of the Rehabilitation Loan until Sinarom has paid aggregate dividends or equivalent distributions of US$5m. Thereafter the Rehabilitation Loan will be repaid in priority to further dividends.

Vast will assume management control of Manaila on signing of the final sale agreement.

All shaping up good isn't it? imho...
Lots of good news to come...

today is the day 1.575p + 0.275 (+21.57%)

very large volume 30.8M with plenty of sellers on the way up

Possible reasons of the rise.... RNS on the 20th that revenue would be generated by the end of the month.... already there

"The commencement of gold production at Pickstone-Peerless Gold Mine in Zimbabwe, following the commencement of production at the Manaila Polymetallic Mine in Romania, will be a further step in the process of transitioning Vast into an operating mining entity. With first gold sales targeted for the end of the month, we will have revenue from two operating mines"

All looking good!

1.50p +0.10p

on the way up today keeps doing those spikes and then down again, but could be the change of direction on the chart.

we must be very close to Licence news
also
Zak Mir reiterated 2.5 p shorterm yesterday it seems reading somewhere else

is going places now 1.55 v 1.60p

level 2
2 at bid for only 1 at offer

narrowing the BB on being close to the floor

every buy is at higher price
Starting earlier at 1.615p , 1.6288p 1.63p and now a few at 1.64p
spread 1.55 v 1.65p with level 2 of 2 v 1

Had yesterday a 61.8% retracement on reaching 1.525p, should be bouncing from that point

Expected AGM at 2.30pm today

has been holding around the 1.60p for a couple days, waiting for positive news

Yep, holding and waiting for more good news..good level to top up imho

Recent movement lower was a good chance to get some more at 1.50p
They were asking for premium online but got it on the phone alright

1.475p +0.10p +7.27%

Looks like has finally reached the bottom, as is with volume 20M so far
a rise of $12 on the GOLD price helps now spiking

The 78.6% retracement was the bottom this time

1.525p +0.15p

has been holding around those lows far too long now, as the MM (SCAP ) was lowering to 1.40p offer at the end of the day, after being all day at bid.

Finally today by the volume on the ticker 11M should be the day to move forward, though will be volatile yet.

50% share of Pickstone Peerless Gold Mine (Zimbabwe) – 3.56m oz of gold
50.1% share of Manaila Polymetallic Mine (Romania) – 1.8Mt resource

Still to come – the bigger share

80% share of Baita Plai Polymetallic Mine (Romania) - 1.8Mt resource

Plus the Romanian senior management will swop their 20% in BP for shares in VAST giving VAST 100% once the licence lands.

http://www.barchart.com/snapopinion/stocks/VAST.LS

Good to see the bottom looks to have been hit.
Looking forward to see what next week has in store.
Resistance is at 1.75 so be good to break that on the next few sessions if we get no news for a week or so.

We did had a good run by the end of last week...........

Prepare For The Most Epic Bull Market in Gold Stock History
Tuesday October 06, 2015 14:44
kitco.2015-10-06/-Prepare-For-The-Most-Epic-Bull-Market-in-Gold-Stock-History
Palisade Radio Host, Collin Kettell: On the show today we have a very popular guest back with us, but before we start, thank you to everyone who participated in our free book giveaway at www.palisaderadio.com over the last two weeks. Also, we want to welcome First Majestic Silver Corp. on as our new lead sponsor for Palisade Radio. It is a pleasure working with such a renowned team led by CEO Keith Neumeyer.

Now let us welcome David Morgan on the show. Publisher of www.silver-investor.com, David has a wealth of knowledge on the precious metals sector. He has dedicated much of his life to the space. While this interview is merely a foretaste, David’s new book, The Silver Manifesto, gives you his full thesis. David, welcome back on the show.

Publisher of Silver-Investor.com, David Morgan: Collin, thank you very much. The website is www.silver-investor.com, but the report is called The Morgan Report. As you know, Collin, it is mining metals and mining. We look at the entire resource sector, not just silver and gold, although that is our main focus. We have looked at almost any type of resource company you can name. In fact we actually put in an oil selection in recently. It is the first time we have done that outside of one of the streaming companies that does gold and oil. So, anyway, just to be clear, the publication is called The Morgan Report. Thank you.

CK: Thanks for that, David. I think it is fair to say that things are warming up and the shit’s inching ever closer to hitting the fan. A bloodbath is not quite here yet, but all the signs are pointing to a very ugly next six months.

More positive news today!

Past the middle finger pattern

The update of the Manaila mine was fantastic in my eyes when you think about it .

1. Open a second mill ready to double product in such a short space of time.
2. The floatation line will be up and running within 4 to 8 weeks for lead and zinc (rns 22 September ...no credit has been obtained for these minerals. It is expected that completion of the lead and zinc flotation line and the establishment of a standard quality of concentrate will be achieved within four to eight weeks

3. Licence granted for another 3 years.
4. Apply to have mine perimeter extended (open pit and potential large upgraded of resources.
5. Mining cost low than expected.
6. Registered under Romania law Vast run the mine ( very happy as we are recognised by Namr ).
7. Stated by the gaffer (The well performing operation at Manaila has given us the confidence to re-commission a second mill at this early stage. The resulting additional production is expected to yield further positive cash flow and provide additional working capital for the Company's other activities."

A bloody fantastic rns on all fronts that will push this company forward and its all happening right now on this mine. We also have news due any day on pp a world class gold mine which will only get better. And of course the BP mine/licence which is truly phenomenal and another world class mine.
So much going on with Vast on other fronts as we all know ( Remin 5 mines and Zimbabwe and it's all coming together, the foundations have been layed now the building starts and money coming in .

By Multibagger1 on 6 November 2015 - Fri 06:24

Company valuation

I've seen some debate about what the SP may be by Xmas. So Here goes with my assessment on what JLP MCAP valuation should be with confirmation of the Tjate license and expectation of production proceeding as planned with the Talings projects. My view we should be valued at least 150m. Why? Well...

By disposing the none core side of Middelburg, we have retained power at cost and access to our smelter to start actual Platinum smelting. Our core business target and a far more profitable business. With the cash (recent placing, Middleberg sale, warrants and once debt funded plan in announced ) we can fund the first processing plant for the Dilokong tailings. We will be producing Platinum and PGE at the start of 2016.

Furthermore, we have confirmed we have 'no debt' and with cash in the bank, we have been able to negotiate and agree funding for the second surface tailing project at the Hernic/Mitsubishi site. Two above ground tailings projects on the go in the coming months with reported revenues starting at $14m per annum and further surface tailings projects expected to come on line. **not to mention the 25% premium payment if production commences by no later than 31st January**. Additionally this does not factor in a highly likely 3rd Tailings project which the BoD have hinted at and have confirmed negotiation - confirmation of this would represent huge gain.

Then we have the Tjate mining licence expected we have a complete game changer within our grasp. PGE's in South Africa used to have an average in the ground price at over $25 per ounce. Tjate was once valued at $7 per ounce according to CB, without a licence. So when the mining licence is finally issued we can expect a strong rerate as the in ground metal adds value. 70,000,000 ounces to be priced in. Even at a conservative $2-$3 an ounce that's a MCAP of £95m to £135m on Tjate resources alone. Then there's the current tailings projects with over 400,000 ounces which will reap $500-$600 profit per ounce or a revenue of $14m per annum at the start. This should add a minimum £100m to the MCAP at a p/e of just 10.

I could add on the value of current assets like the retained smelter at Miiddelburg, the rights to any future Power Alt expansion, other agreements or the cash in hand.

So hopefully you will see a conservative £150m MCAP which equates to an SP of 16-17p. This is very achievable quickly and should re rate as the news flow comes in; expect the following:-

1) debt funded plan.
2) 3rd tailings project.
3) operational updates and confirmation of production.
4) Tjate license confirmation.

Very strong buy indeed.

Hammer candlestick yesterday
now @ 1.075p

looks like it wants to bounce back, large buys today. On the chart yesterday there was a "Hammer" candlestick and always looks bullish from that point

Is following yesterday's bounce and now 1.20p

mentor i think you need to get your figures right a third of 70p is 23 p .
I sold HSS at a small loss meaning i didn't buy many , however i don't mind admitting when i get something wrong , you seem to be a hot shot (never got one wrong) have you , fiddling around with your 000.1 here and 000.2 there .
Why don't you concentrate on what your losing rather than follow me around ,i'm doing fine but i'm always happy to share my slip ups with people on here ..

jimmy b

re - HSS and meaning
Twisting and turning does not make it right ... a small loss is not 1/4 or 1/3 of money gone ( 17.5p gone on 70p buy )

I got my fingers alright and my head on the right place, not like you when you open you BIG mouth, spouting diarrhea, I know what I said not LYING like you on two fronts.
little stalker always miss quotes me.

Now you never said the price you did buy and sell, meaning I was ALMOST right with 3 month apart.

I said....... "I would say almost 1/3 the money gone"
you add the right price plus charges and commission ( the smaller the trade the bigger % on that ) and almost 1/3 gone..... not small loss as you said.

Well, well I seems you got caught with the trousers down again, and nothing to show

re - follow you around

not even if you were a bitch on heat
I assume you were the one starting with MONI ( I did not notice until you said so with negative comments. )

note - It is a good practice to have a check on companies, I had to do the same on YOU ( and is a rotten apple to the core say the worms )

mentor have you ever stopped out of anything or have you made a profit on every share you ever bought ?
You came on to the OPAY thread for no reason and had a dig at me now you don't like it back .
Answer my question ,have you ever made a loss ?

jimmy b

read post 28
plenty of answer first from you, with the truth (you not on the House of Commons, though it is time now )

re - have you ever made a loss ?
read plenty of my post and you will see, I do post prices and % not like others

re - dig at you
no dig, just NOT clear cut comments from you ( just like yesterday ) need some clarification
OPAY - I posted ... "More pain for OPAY " Nothing to do with you but company share price that I posted at my thread earlier. But you took it personally.

Have you ever made a loss ??????? I have plenty of times and i admit it .

Have you ever SHUT UP and read and answer properly post 28, you sound like a Parrot by now.

Have you ever made a loss mentor yes or no ?

Hi parrot

You came to this thread where is nothing to do with the matter you want to discuss ......
.....SMALL or BIGGGGGGGGGGGG loss by you

now enough twisting the matter with asking questions to me and not giving a GOOD reason for you LIE ....... "I sold HSS at a small loss meaning i didn't buy many "

If you had any brains I doubt it by now,
Loss is calculated by the difference from from buying v selling and then : by the buying price give you the % of it.

small loss would be anything from 1 to 5% of the amount invested
not £5, £100 or £10,000,
as 1M to a multi millionaire would be a small loss to him

I now wonder if you the type of investor buying stock on the £100 to £400 at a time
Not even when I started many decades ago would do that as all goes on commissions and charges.

Good bye you are on the BLACK list

Mentor you have an inferiority complex talking like that ,leave us proper traders to do what we do and go back to ADVFN where you came from .

Oh and one more thing you won't answer,,Have you ever made a loss mentor yes or no ?

As is the end of the day why not take the P!ss from "brainless" little Jimmy

Little Jimmy is approached by the lifeguard at the public swimming pool.

“You’re not allowed to pee in the pool,” says the lifeguard. “I’m going to report you.”

“But everyone pees in the pool,” said little Jimmy.

“Maybe,” says the lifeguard. “But not from the diving board!”

Looks like you have a few that are down now mentor ,2.00p to 1.08p nearly 50%
----------------------


mentor - 27 Aug 2015 12:11 - 5 of 37

today is the day 1.575p + 0.275 (+21.57%)

very large volume 30.8M with plenty of sellers on the way up.
--------------

mentor - 04 Sep 2015 10:33 - 10 of 37

is going places now 1.55 v 1.60p

level 2
2 at bid for only 1 at offer
----------------

The liar and stalker - little jimmy - is back,
it seems it could not sleep last night. ( and it rhymes )

LIAR
Show me were I said I bought any or 2p as you are sugesting

buy cheap sell high.... buy at 1.35p and sell at 1.55p

much to learn you - little liar - >>>>>>>>>>
A share on a downtrend, you trade on the bounce not hold the stock

Yes sure old chap your a legend we all follow you :)

I'm still in and have been adding recently. All looking good IMHO...need licence to drop and more news and we'll be off again imo, dyor research etc