Vast Resources (VAST) AI Stock Analysis

• Market Cap: £4.37M
• Dividend Yield: N/A
• Average Volume (3M): 58.68M
• Price to Earnings (P/E): ―
• Beta (1Y): -1.24
• Revenue Growth: -76.58%
• EPS Growth: 83.44%
• Country: UK
• Employees: 323
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 4,997,575,700
• 10 Day Avg. Volume: 51,939,367
• 30 Day Avg. Volume: 58,681,978
• PEG Ratio: 0.02
• Price to Book (P/B): -1.15
• Price to Sales (P/S): 23.43
• P/FCF Ratio: -3.45
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 39 Underperform
• Price Target: 0.09p ▲(0.00% Upside)

Vast Resources is currently facing significant financial and operational challenges, with negative profitability and liquidity issues being the most critical factors. The technical analysis indicates a bearish trend, and the valuation metrics highlight unprofitability. These factors collectively result in a low overall stock score.

Positive Factors

Diversified Revenue Streams

Vast Resources' diversified approach, including exploration projects and joint ventures, positions it to capitalize on future mineral demand, enhancing long-term revenue potential.

Global Demand for Minerals

The global demand for copper and gold supports Vast Resources' business model, providing a stable foundation for revenue growth as these commodities remain essential in various industries.

Strategic Partnerships

Established partnerships with traders and end-users enhance Vast Resources' market reach and sales stability, supporting long-term operational success.

Negative Factors

Negative Profitability Margins

Negative profitability margins highlight operational inefficiencies and threaten long-term sustainability, requiring strategic changes to improve financial health.

High Leverage

High leverage limits Vast Resources' financial flexibility and increases risk, necessitating careful debt management to ensure long-term viability.

Liquidity Issues

Ongoing liquidity issues constrain Vast Resources' ability to fund operations and growth initiatives, posing a challenge to sustaining business operations.

Vast Resources Business Overview & Revenue Model

Company Description

Vast Resources PLC is a mining and resource development company focused on the exploration and production of mineral resources, primarily in Eastern Europe. The company operates in the mining sector, with a focus on the extraction of precious and base metals, including copper, gold, and silver. Vast Resources is involved in various stages of mining operations, from exploration to production, and aims to capitalize on the growing demand for these minerals in global markets.

How the Company Makes Money

Vast Resources generates revenue primarily through the extraction and sale of minerals, particularly copper and gold, which are in high demand globally. The company's revenue model includes direct sales of mined products to international markets, typically through established partnerships with commodity traders and end-users in the mining and metallurgy sectors. Additionally, Vast Resources may engage in joint ventures or partnerships with other mining companies to enhance its operational capabilities and expand its resource base. The company also benefits from strategic investments in exploration projects that can lead to future production and revenue streams, thereby providing a diversified approach to generating income.

Vast Resources Financial Statement Overview

Summary

Vast Resources is facing significant financial challenges across all verticals. The company shows a consistent pattern of operational losses, negative equity, and poor cash flow generation, which could jeopardize long-term sustainability. Immediate strategic focus on improving operational efficiency and financial restructuring is critical for recovery.

Income Statement

The income statement shows significant challenges with profitability. The company has consistently reported negative gross profit margins and net income over the years, indicating ongoing operational inefficiencies. Revenue decreased significantly in the most recent period, reflecting a negative growth trajectory. EBIT and EBITDA margins are also deeply negative, reinforcing the need for strategic operational improvements.

Balance Sheet

The balance sheet is concerning due to a negative stockholders' equity, indicating that liabilities exceed assets. The debt-to-equity ratio is not calculable due to negative equity, pointing to potential solvency issues. ROE cannot be computed for the same reason. This financial instability highlights significant leverage and risks related to debt.

Cash Flow

Cash flow analysis reveals consistent negative operating and free cash flows, which raise sustainability concerns. The company has struggled to generate positive cash flow from operations, further exacerbating financial instability. The operating cash flow to net income ratio indicates that cash outflows are greater than net income losses, highlighting cash management challenges.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.99M	484.00K	2.03M	3.72M	3.78M	896.00K
Gross Profit	-6.13M	-1.74M	-5.55M	-4.68M	-3.62M	-1.75M
EBITDA	-11.51M	-5.26M	-11.51M	-7.80M	-12.19M	-3.49M
Net Income	-14.49M	-6.57M	-14.65M	-10.51M	-15.49M	-7.75M
Balance Sheet
Total Assets	21.86M	23.41M	21.86M	23.59M	21.30M	23.70M
Cash, Cash Equivalents and Short-Term Investments	25.00K	20.00K	25.00K	530.00K	103.00K	1.39M
Total Debt	10.41M	12.03M	10.41M	9.17M	20.39M	9.59M
Total Liabilities	27.35M	33.23M	27.35M	21.04M	19.17M	14.59M
Stockholders Equity	-5.50M	-9.82M	-5.50M	2.54M	2.13M	9.12M
Cash Flow
Free Cash Flow	-4.38M	-3.28M	-4.47M	-8.29M	-5.03M	-10.35M
Operating Cash Flow	-1.00M	-1.93M	-3.97M	-6.40M	-3.56M	-5.96M
Investing Cash Flow	-486.02K	-1.35M	-495.00K	-1.87M	-1.88M	-4.39M
Financing Cash Flow	3.86M	3.28M	3.96M	8.69M	4.16M	11.25M

Vast Resources Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.09
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:VAST, the sentiment is Negative. The current price of 0.09 is below the 20-day moving average (MA) of 0.10, below the 50-day MA of 0.17, and below the 200-day MA of 0.30, indicating a bearish trend. The MACD of -0.02 indicates Negative momentum. The RSI at 35.70 is Neutral, neither overbought nor oversold. The STOCH value of 41.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:VAST.

Vast Resources Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
POW	58 Neutral	£15.03M	―	―	―	―	―
GLR	50 Neutral	£11.05M	6.15	13.10%	―	―	―
CRCL	44 Neutral	£32.78M	-3.00	―	―	―	7.14%
VAST	39 Underperform	£4.37M	-0.35	―	―	-76.58%	83.44%

Vast Resources Corporate Events

Vast Resources Raises £424,000 Through Warrant Exercise

Vast Resources plc has announced the exercise of warrants for 106,000,000 new ordinary shares, raising £424,000. The new shares will be admitted to trading on AIM, increasing the company’s total voting rights to 3,111,607,357 shares. This development supports Vast’s ongoing projects and strategic initiatives in its operational regions.

Vast Resources Strengthens Ties with Tajikistan Through New MoU

Vast Resources plc recently participated in the Tajikistan-UK Mining Forum, where it signed a non-binding Memorandum of Understanding with Tajikistan’s Ministry of Industry and New Technologies. This agreement aims to foster collaboration in identifying and developing non-ferrous and strategic mineral deposits, as well as establishing a Tajik Mineral Investment Fund to boost Tajikistan’s mining sector. The MoU is expected to strengthen Vast’s position in the mining industry and potentially enhance its operations in Tajikistan, benefiting stakeholders through increased exploration and investment opportunities.

Vast Resources Announces Change of Registered Office

Vast Resources plc has announced a change in its registered office address to a new location in London. This administrative update reflects the company’s ongoing operational adjustments as it continues to focus on its mining projects across Romania, Tajikistan, and Zimbabwe. The change is part of the company’s broader strategy to optimize its business operations and maintain its market positioning within the mining sector.

Vast Resources Raises £808,000 Through Warrant Exercise

Vast Resources plc announced the exercise of warrants over 202,000,000 new ordinary shares, raising £808,000. This development is expected to enhance the company’s financial position, with the new shares set to commence trading on AIM. The increase in share capital will impact shareholder calculations under the Financial Conduct Authority’s rules.

Vast Resources Appoints James McFarlane as Non-Executive Director

Vast Resources plc has appointed James McFarlane as a Non-Executive Director, bringing his extensive experience in UK and European mining operations to the company. This strategic appointment is expected to strengthen Vast’s board as the company embarks on an exciting new phase following the release of the Historic Diamond Parcel, aiming to further establish itself as a mid-tier mining company.

Vast Resources Unveils Additional Gem Discovery in Historic Parcel

Vast Resources plc announced the discovery of an additional 6,055.35 carats of gem-quality stones in its Historic Parcel, bringing the total to 135,139.47 carats, with 36,475.26 carats identified as gem quality. The company plans to conduct the sale of these diamonds in a phased manner to maximize value, with initial results expected soon, potentially enhancing its market position and shareholder value.

Vast Resources Raises £780,000 Through Warrant Exercise

Vast Resources plc has announced the exercise of warrants resulting in the issuance of 195,000,000 new ordinary shares, raising £780,000. This move is expected to enhance the company’s financial position and support its ongoing mining projects. The new shares will be admitted to trading on the AIM market, increasing the total voting rights in the company to 2,803,607,357. This development could potentially strengthen Vast Resources’ market presence and provide additional resources for its operations in Romania, Tajikistan, and Zimbabwe.

Vast Resources Reports Operational Progress Across Global Mining Projects

Vast Resources has provided an operational update on its mining activities in Romania and Tajikistan. The company is undertaking cost-cutting measures and joint venture discussions to enhance operations at the Baita Plai mine, while also preparing to restart operations at the Manaila mine. The Hanes Gold Mine is set to commence production with new equipment, and the Blueberry Gold Project is exploring alternative processing methods. Additionally, the Aprelevka Gold Mines have seen increased production, with plans for further capacity enhancements.

Vast Resources Secures Release of Historical Diamond Parcel

Vast Resources has announced the successful release of a historical diamond parcel that had been held by the Reserve Bank of Zimbabwe since 2010. This development not only marks a significant achievement for the company but also demonstrates Zimbabwe’s openness to business for companies adhering to due process. The diamonds are now being prepared for sale, with the process expected to begin within a month. This event allows Vast Resources to reengage with its investment strategy in Zimbabwe and explore new opportunities, potentially impacting its future operations and market positioning.

Vast Resources’ Baita Plai Reorganization Proceeds Smoothly

Vast Resources plc announced that the court hearing for the voluntary reorganization of its subsidiary, Vast Baita Plai SA, proceeded without any new issues. The court approved the Judicial Administrator’s report and scheduled a new hearing for September 2025 to continue the observation period. This development is crucial for Vast Resources as it seeks to stabilize its operations and enhance its market position in the mining industry.

Vast Resources PLC Announces Change in Major Shareholder Holdings

Vast Resources PLC has announced a change in its major holdings, with David Ian Jones crossing a significant threshold of voting rights, now holding 13.46% of the company’s shares. This development indicates a potential shift in shareholder influence and could impact the company’s strategic decisions and stakeholder dynamics.