UK 22:20 Sunday, 25 October 2026
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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Having written yesterday in amazement about the fact that Roy Pitchford, CEO, at Vast Resources (VAST) could have done such a shocking funding deal with Crede Capital (HERE), I immediately then realised that Amur Minerals (AMC) have done an almost identical deal with Crede but has somehow managed to be even more misleading about it.
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Comments
D_Stone
This just reinforces your excellent article on VAST. It leaves me perplexed as to what the BoD believe they are responsible for, as it’s definitely not as custodian of shareholders funds. Do they not read contracts? :(
Antondec
Dear CB
Is not the saving grace for Amur – I’m unsure of VAST- that they do not have to drawdown the funding if they don’t want to? As you say with the advantage to sell out surely the BoD will decide the cost of the next tranche is not worth the depression of the share price and the rage of the shareholders?
Cynical Bear
@AntonDec – if they do have that optionality, you would hope that they would use it and get funds from elsewhere, although it’s not clear to me from the RNS that it is optional – although nothing is that clear in the RNS’s!