viewVast Resources PLC

Vast Resources wipes slate clean with disposal of Pickstone Peerless asset

Andrew Prelea, chief executive of Vast Resources PLC (LON:VAST), discusses with Proactive London's Andrew Scott the decision to sell its 25% stake in the Pickstone Peerless gold mine in Zimbabwe.

The transaction will reduce other loan and liabilities on Vast's balance sheet by nearly US$38mln  to US$10.5 mln vs US$48.3mln.

''Post this restructuring the company's probably in the best position it's ever been'', Prelea says.

Quick facts: Vast Resources PLC

Price: 0.295 GBX

Market: AIM
Market Cap: £30.15 m

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Vast Resources 'fully funded to production' at key projects in Zimbabwe and...

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