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Vast Resources plc (VAST.L)

LSE - LSE Delayed price. Currency in GBp
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0.1558-0.0042 (-2.62%)
As of 9:27AM BST. Market open.
Full screen
Previous close0.1600
Open0.1620
Bid0.1600 x 0
Ask0.1650 x 0
Day's range0.1550 - 0.1620
52-week range0.1080 - 0.5370
Volume23,658,401
Avg. volume222,875,506
Market cap19.43M
Beta (5Y monthly)0.99
PE ratio (TTM)
EPS (TTM)0.0000
Earnings date17 Jan 2020
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target est3.70
  • Globe Newswire

    Zimbabwe Operations Update

    Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining22 September 2020Vast Resources plc (“Vast” or the “Company”)Zimbabwe Operations UpdateVast Resources plc, the AIM-listed mining company, is pleased to update the market on its operations in Zimbabwe.  The Company is proud to announce that Mark Mabhudhu, Executive Director of the Company’s Diamond Division, has received an offer to join the Government owned Zimbabwe Consolidated Diamond Company “ZCDC” as Chief Executive Officer starting immediately. Following a period of consultation with both the Company and the relevant Government of Zimbabwe Officials, a process that included a full disclosure as part of averting any possible conflict of interest, Mark Mabhudhu has accepted this role. As a result he will leave his current role with the Company.The Company can confirm that its highly skilled geological and technical team remain employed by the Company and that it has identified a high level COO to manage the project who shall be engaged upon confirmation of the signing of the Joint Venture.Mark Mabhudhu’s primary role will be to focus on the diamond sector’s contribution towards the  Zimbabwean Government’s 2023 $12bn mining vision which is also driven by the attendant implementation of Joint Ventures between the ZCDC and investors in the diamond sector.The Company can also confirm that this personnel change in Zimbabwe will not pose any impediment to the finalisation of the anticipated Joint Venture Agreement between the Company’s Subsidiary in respect of the Chiadzwa Community Diamond Concession.Further details regarding the finalisation of the Chiadzwa Community Diamond Project will be communicated to the market as and when they occur.Andrew Prelea, Chief Executive Officer of Vast Resources PLC Commented:“Whilst we are of course sad to see Mark (Mabhudhu) leave Vast Resources PLC, we are extremely excited that we will be able to continue to work with him in his new role within the diamond mining sector in Zimbabwe. We are confident that with Mark in his new role, the diamond mining sector in Zimbabwe will be set for a new high.“On behalf of the Board and Mangement Team, I would like to thank Mark for all of his efforts and wish him all the best for the future and stress that he will always have an open door to return to the Company when he finalises his mandate at the ZCDC.”**ENDS**For further information, visit www.vastplc.com or please contact:Vast Resources plc Andrew Prelea (Chief Executive Officer) Andrew Hall  www.vastplc.com +44 (0) 20 7846 0974 Beaumont Cornish - Financial & Nominated Adviser  Roland Cornish  James Biddle  www.beaumontcornish.com +44 (0) 020 7628 3396 SP Angel Corporate Finance LLP – Joint Broker Richard Morrison Caroline Rowe  www.spangel.co.uk  +44 (0) 20 3470 0470 Axis Capital Markets Limited – Joint Broker Richard Hutchison  www.axcap247.com  +44 (0) 20 3206 0320 St Brides Partners Limted Susie Geliher Charlotte Page  www.stbridespartners.co.uk  +44 (0) 20 7236 1177 The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (“MAR”). ABOUT VAST RESOURCES PLCVast Resources plc, is a United Kingdom AIM listed mining company with mines and projects in Romania and Zimbabwe.In Romania, the Company is focused on the rapid advancement of high quality projects by recommencing production at previously producing mines.The Company’s Romanian portfolio includes an 80% interest in the Baita Plai Polymetallic Mine. Baita Plai is located in the Apuseni Mountains, Transylvania, an area which hosts Romania’s largest polymetallic mines. Work is now currently underway towards first concentrate production as well as efforts in place to establish a maiden Resource under the JORC code.The Company also owns the Manaila Polymetallic Mine in Romania, which was commissioned in 2015, currently on care and maintenance. The Company has been granted the Manaila Carlibaba Extended Exploitation License that will allow the Company to re-examine the exploitation of the mineral resources within the larger Manaila Carlibaba license area.In Zimbabwe, the Company is focused on the commencement of the joint venture mining agreement on the Chiadzwa Community Concession Block of the Chiadzwa Diamond Fields in Zimbabwe.

  • Globe Newswire

    Baita Plai Update

    Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining18 September 2020Vast Resources plc (“Vast” or the “Company”)Baita Plai UpdateVast Resources plc, the AIM-listed mining company, is pleased to update the market on progress at its Baita Plai Polymetallic Mine “Baita Plai” in Romania.  Following the previous announcement made on 8 September 2020 regarding the new steel bridge installation process at Baita Plai, the Company can announce that activities are on schedule and the bridge is being installed today.   The Company will provide footage of this process via social media.**ENDS**For further information, visit www.vastplc.com or please contact:Vast Resources plc Andrew Prelea (Chief Executive Officer) Andrew Hall  www.vastplc.com +44 (0) 20 7846 0974 Beaumont Cornish - Financial & Nominated Adviser  Roland Cornish  James Biddle  www.beaumontcornish.com +44 (0) 020 7628 3396 SP Angel Corporate Finance LLP – Joint Broker Richard Morrison Caroline Rowe  www.spangel.co.uk  +44 (0) 20 3470 0470 Axis Capital Markets Limited – Joint Broker Richard Hutchison  www.axcap247.com  +44 (0) 20 3206 0320 St Brides Partners Limited Susie Geliher Charlotte Page  www.stbridespartners.co.uk  +44 (0) 20 7236 1177 The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (“MAR”). ABOUT VAST RESOURCES PLCVast Resources plc, is a United Kingdom AIM listed mining company with mines and projects in Romania and Zimbabwe.In Romania, the Company is focused on the rapid advancement of high quality projects by recommencing production at previously producing mines.The Company’s Romanian portfolio includes an 80% interest in the Baita Plai Polymetallic Mine. Baita Plai is located in the Apuseni Mountains, Transylvania, an area which hosts Romania’s largest polymetallic mines. Work is now currently underway towards first concentrate production as well as efforts in place to establish a maiden Resource under the JORC code.The Company also owns the Manaila Polymetallic Mine in Romania, which was commissioned in 2015, currently on care and maintenance. The Company has been granted the Manaila Carlibaba Extended Exploitation License that will allow the Company to re-examine the exploitation of the mineral resources within the larger Manaila Carlibaba license area.In Zimbabwe, the Company is focused on the commencement of the joint venture mining agreement on the Chiadzwa Community Concession Block of the Chiadzwa Diamond Fields in Zimbabwe.

  • Globe Newswire

    Director Share Purchase

    Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining10 September 2020Vast Resources plc (“Vast” or the “Company”)Director Share PurchaseVast Resources plc, the AIM-listed mining company, announces that it was notified on 10 September 2020 that Mr Andrew Prelea, Chief Executive Director of the Company, purchased 15,000,000 ordinary shares of 0.1 pence each in the share capital of the Company (“Ordinary Shares”) at a price of 0.159 pence per Ordinary Share on the Secondary Market and that Mr Paul Fletcher, Chief Financial Officer of the Company, purchased 10,000,000 ordinary shares of 0.1 pence each in the share capital of the Company (“Ordinary Shares”) at a price of 0.163 pence per Ordinary Share on the Secondary Market. Following this purchase, Mr Prelea’s total beneficial ownership in the Company is 81,512,809 Ordinary Shares, which represents approximately 0.66% of the Company’s issued share capital and Mr Fletcher’s total beneficial ownership in the Company is 34,048,104 Ordinary Shares, which represents approximately 0.28% of the Company’s issued share capital.Market Abuse Regulation (MAR) DisclosureCertain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail on the directors' dealing in the Ordinary Shares.**ENDS**For further information, visit www.vastplc.com or please contact:Vast Resources plc Andrew Prelea (Chief Executive Officer) Andrew Hall   www.vastplc.com +44 (0) 20 7846 0974 Beaumont Cornish - Financial & Nominated Adviser  Roland Cornish  James Biddle   www.beaumontcornish.com +44 (0) 020 7628 3396 SP Angel Corporate Finance LLP – Joint Broker Richard Morrison Caroline Rowe   www.spangel.co.uk  +44 (0) 20 3470 0470 Axis Capital Markets Limited – Joint Broker Richard Hutchison   www.axcap247.com  +44 (0) 20 3206 0320 Blytheweigh Tim Blythe Megan Ray   www.blytheweigh.com  +44 (0) 20 7138 3204 The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (“MAR”). ABOUT VAST RESOURCES PLCVast Resources plc, is a United Kingdom AIM listed mining company with mines and projects in Romania and Zimbabwe.In Romania, the Company is focused on the rapid advancement of high quality projects by recommencing production at previously producing mines.The Company’s Romanian portfolio includes an 80% interest in the Baita Plai Polymetallic Mine. Baita Plai is located in the Apuseni Mountains, Transylvania, an area which hosts Romania’s largest polymetallic mines. Work is now currently underway towards first concentrate production as well as efforts in place to establish a maiden Resource under the JORC code.The Company also owns the Manaila Polymetallic Mine in Romania, which was commissioned in 2015, currently on care and maintenance. The Company has been granted the Manaila Carlibaba Extended Exploitation License that will allow the Company to re-examine the exploitation of the mineral resources within the larger Manaila Carlibaba license area.In Zimbabwe, the Company is focused on the commencement of the joint venture mining agreement on the Chiadzwa Community Concession Block of the Chiadzwa Diamond Fields in Zimbabwe.1.     Details of the person discharging managerial responsibilities/person closely associateda)Name:Andrew Prelea2.     Reason for the notificationa)Position/status:Chief Executive Officerb)Initial notification/Amendment:Initial notification3.     Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitora)Name:Vast Resources Plcb)LEI:4.     Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducteda)Description of the financial instrument, type of instrument:Identification code:Ordinary shares of £0.1 eachb)Nature of the transaction:Share purchasec)Price(s) and volume(s):Price(s)Volume(s) £0.0015915,000,000 d)Aggregated information:Aggregated volume:Price:Price(s)Volume(s) £0.0015915,000,000 e)Date of the transaction:10 September 2020f)Place of the transaction:AIM, London Stock Exchange 1.     Details of the person discharging managerial responsibilities/person closely associateda)Name:Paul Fletcher2.     Reason for the notificationa)Position/status:Finance Directorb)Initial notification/Amendment:Initial notification3.     Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitora)Name:Vast Resources Plcb)LEI:4.     Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducteda)Description of the financial instrument, type of instrument:Identification code:Ordinary shares of £0.1 eachb)Nature of the transaction:Share purchasec)Price(s) and volume(s):Price(s)Volume(s) £0.0016310,000,000 d)Aggregated information:Aggregated volume:Price:Price(s)Volume(s) £0.0016310,000,000 e)Date of the transaction:10 September 2020f)Place of the transaction:AIM, London Stock ExchangeAttachment * Director Share Purchase

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