Vast Resources PLC's (LON:VAST) Chief Commercial Officer Andrew Hall talks to Proactive London about the asset backed debt facility. Hall is awaiting this transaction to be 'reassessed' following the announcement made on 16 December 2020 regarding the final credit committee meeting which focused on the asset backed debt facility.
The company was informed by the international banking institution “the Bank” that the credit committee is unable to proceed with the approval of transaction.
Hall goes through the various options for Vast Resources, and is confident a resolution can be concluded, although believes it is 'not essential' for the company.