Top Page
Vast Resources
(LSE:VAST)
Vast Resources (VAST) vs. iShares MSCI United Kingdom ETF (EWC)
Vast Resources Business Overview & Revenue Model
Vast Resources Financial Statement Overview
| Breakdown | ||||
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 2.03M | 3.72M | 3.78M | 896.00K | 0.00 | Gross Profit |
| -5.55M | -4.68M | -3.62M | -1.75M | 0.00 | EBIT |
| -12.00M | -8.14M | -13.01M | -4.21M | -7.24M | EBITDA |
| -11.51M | -7.80M | -12.19M | -3.49M | -6.30M | Net Income Common Stockholders |
| -14.65M | -10.51M | -17.98M | -11.29M | -9.10M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 25.00K | 530.00K | 103.00K | 1.39M | 1.40M | Total Assets |
| 21.86M | 23.59M | 21.30M | 23.70M | 17.07M | Total Debt |
| 10.41M | 9.17M | 20.39M | 9.59M | 8.73M | Net Debt |
| 10.39M | 8.64M | 20.29M | 8.21M | 8.26M | Total Liabilities |
| 27.35M | 21.04M | 19.17M | 14.59M | 12.57M | Stockholders Equity |
| -5.50M | 2.54M | 2.13M | 9.12M | 4.84M |
| Cash Flow | Free Cash Flow | |||
| -4.47M | -8.29M | -5.03M | -10.35M | -7.99M | Operating Cash Flow |
| -3.97M | -6.40M | -3.56M | -5.96M | -5.23M | Investing Cash Flow |
| -495.00K | -1.87M | -1.88M | -4.39M | -3.65M | Financing Cash Flow |
| 3.96M | 8.69M | 4.16M | 11.25M | 8.79M |
Vast Resources Technical Analysis
Vast Resources Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
58 Neutral | £15.03M | 4.91 | 18.19% | ― | 574.36% | ― | |
54 Neutral | £13.69M | ― | ― | -87.94% | 42.21% | ||
51 Neutral | $2.04B | -1.21 | -21.10% | 3.95% | 2.90% | -30.45% | |
50 Neutral | £11.05M | 6.61 | 13.37% | ― | ― | ― | |
44 Neutral | £20.57M | ― | -62.56% | ― | ― | 7.14% |
Vast Resources Corporate Events
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 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 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 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 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 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 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 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 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 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 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.