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Roy Pitchford, seasoned chief executive officer of bombed-out Vast Resources (VAST), says the company should later this year be producing gold from the Pickstone Peerless mine in Zimbabwe and a range of metals from gold to copper and zinc from Baita Bihor in Rumania, an incongruous and opportunistic mixture explained by the company’s tortuous history. Vast, which changed its name from African Consolidated Resources in December when it raised nearly £1.6 million at 0.5p to gain potential control of Baita Bihor in Transylvania’s Apuseni mountains, tapped the market again for another £900,000 the other day at 0.6p and, though Pitchford argues it is ‘funded to take Baita Bihor into production’, he adds ‘but we would like to raise a bit more in two months.’
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