Vast Resources PLC - London-based mining and resource development company - On January 31, reports pretax loss narrowed to $3.3 million in the six months to October 31, from $6.2 million a year prior. Revenue falls to $211,000 from $1.8 million. Cost of sales decrease sharply to $1.2 million from $3.0 million, while overhead expenses come down to $1.7 million from $3.8 million. Vast Resources highlights that full production has started at the Takob joint venture project in Tajikistan, but the first delivery to final destination has been delayed due to weather related conditions. Looking ahead, the company says it anticipates an improved second half of the financial year with ‘significantly’ stronger revenue.
Current stock price: 0.13 pence each, flat on Monday afternoon in London
12-month change: up 30%
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