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Vast Resources – Convertible funding delay: SELL

By Nigel Somerville, the Deputy Sheriff of AIM | Wednesday 18 December 2019


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


AIM-listed Vast Resources (VAST)  has, to say the least, a chequered history when it comes to raising convertible funding, with a string of highly dilutive deals in the past which often were then binned and in the past it told shareholders it would not do any more. But it did. Or, rather, it announced a deal on 24 October but almost two months on, no cash has appeared. Except that the deal was first announced on 1st October.

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