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Vast raises cash, says long-term rescue talks ongoing

Romania and Zimbabwe-focused miner trying to save its skin after losing a $5.5 million loan

Alex Hamer
Vast has the operating Manaila mine, but its cash flow won't rescue the company any time soon

Vast has the operating Manaila mine, but its cash flow won't rescue the company any time soon

The company was forced to look for emergency cash last month when backer Mercuria Energy Trading pulled out of a financing worth $5.5 million. Delays in the now cancelled loan saw Vast go to the Bergen...

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