In the Minus 99.99% club Vast Resources – more outflows: how long until the next bailout which it said would not happen?
By Tom Winnifrith, the Sheriff of AIM | Monday 6 November 2023
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.
On 6 October Vast Resources (VAST) raised £1.8 million at just 0.195p and made the very bold statement that “based on current strategy and updated expectations the Company does not believe it will need to raise further equity funding for the foreseeable future.” Exactly one month later the shares have plunged to 0.145p and today comes news which makes that statement look, at best, highly questionable.
Premium content is for paid subscribers only
ShareProphets is reader-supported journalism
Become a member starting at £6.99 per month for all articles, the Bearcast, and our seven year archive.