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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

AIM:VAST
Market: AIM
Market Cap: £30.15 m
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Vast Resources 'fully funded to production' at key projects in Zimbabwe and...

Vast Resources PLC's (LON:VAST) Andrew Prelea tells Proactive London's Andrew Scott they're now fully financed through to production at their flagship projects in Zimbabwe and Romania following a £1.8mln placing and US$13.5mln finance facility. ''I'm quite happy to say this is the first time...

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