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Vast Resources placing at 0.1p par, now 99% down on April 2021 100 for 1 consolidation

By Tom Winnifrith, the Sheriff of AIM | Monday 15 July 2024


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.


Back in April 2021 Vast Resources (VAST) announced a100 for 1 share consolidation telling its gullible shareholders that this was to facilitate dividend payments. The reality is that shares had slipped to 0.1 par making a, naturally discounted, placement impossible. Today another placement and it is at just 0.1p,we are back at par.
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