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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: 0.337 GBX

AIM:VAST
Market: AIM
Market Cap: £34.62 m
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Vast Resources team discuss cold commissioning of Baita Plai & first broker note

Vast Resources PLC's (LON:VAST) Andrew Prelea and Paul Fletcher caught up with Proactive London's Andrew Scott following the announcement of cold commissioning at the Baita Plai polymetallic mine in Romania. They also highlight the initiation of coverage by SP Angel and the potential upside...

on 16/12/19

2 min read