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Vatukoula Gold Share Chat - VGM

Share Name Share Symbol Market Type Share ISIN Share Description
Vatukoula Gold LSE:VGM London Ordinary Share GB00B52ZLG09 ORD 5P
  Price Change Price Change % Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00 +0.00% 2.30 0.00 0.00 - - - 0 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 39.1 -16.9 -12.7 - 7.94

Vatukoula Gold Share Discussion Threads

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The cash cost per tonne ore mined and milled decreased from US$200 per tonne for the six months ended 30 June 2014 to US$119 per tonne for the same period 2015. The cash costs for gold decreased to US$1,192 per ounce for the six months ended 30 June 2015, from US$1,731 for the same period in 2014. This decrease in cash cost per ounce of gold is mainly due to the substantial decrease in energy costs and the increase in ore output, offset by lower head grades.chinese investor
Action to be taken Shareholders who are considering whether to take advantage of this facility are encouraged to read the most recent information on our website and to take into account my comments above. If you decide that you do wish to sell your shares you or your broker should contact the Company’s broker James Bavister at WH Ireland, at james.bavister@wh-ireland.co.uk or call 0207 220 1666 to indicate your wish. They will ask you to provide details of the CREST account in which the shares are held or send to them the relevant share certificate, if the shares are held in certificated form, together with a letter confirming that you would like to sell your shareholding by taking advantage of the Matched Bargain Facility.chinese investor
Dear Shareholders Matched Bargain Facility On May 20, 2014 the Company announced that, subject to shareholder approval, it would cancel the admission of the Company’s ordinary shares of 5p each (“Shares”;) to trading on AIM (“Cancellation” or “DelistingR21;). The Cancellation was approved by shareholders and Delisting became effective on July 1, 2014. At that time, Zhongrun International Mining Co. Ltd. (“ZhongrunR21;), the Company’s major shareholder, informed the Company, that conditional on the Delisting becoming effective, it would be prepared to acquire the Shares of any shareholders who did not wish to remain a Shareholder at a price of 3.72 pence per Share. The Company therefore made arrangements to put in place a matched bargain trading facility (“Matched Bargain Facility”) so that shareholders who did not wish to remain as a shareholder would be able to dispose of their shares by making use of the facility. Subsequently, Zhongrun became involved in negotiations for the sale of certain of its mining assets, including its interest in VGM, and therefore put the Matched Bargain Facility on hold whist those negotiations were in progress. However, those negotiations were terminated and Zhongrun is now in a position to proceed with its original intention. To facilitate the implementation of the Matched Bargain Facility, details of the actions by shareholders are set out below............chinese investor
Oz produced in the first six months of 2015 was 22,370 at a cost of around $1,100 per oz. Average realised gold price was $1,211 per oz.chinese investor
Looking Good !chinese investor
The Smart Money Is Moving Into Gold !chinese investor
David Paxton walked away with £445,000 according to the 2014 Annual Accounts !chinese investor
On iii someone posted that the matched bargain facility set up with WH Ireland is designed for Zhongrun to buy shares from minority shareholders and is a one way process. Another post on iii said "my online broker informed me that to take part in the offer I need to get a certificate from them in my own name for a fee of £15(+ VAT of course!) and then I have to contact WH Ireland if I want to sell, once the timetable for the offer period is announced".chinese investor
Being listed or unlisted doesn't affect the business - but it does affect your rights as a shareholder. VGM may decide to issue their accounts in Chinese. They may decide to never provide any information other than the balance sheet and the P&L. They may decide to sell the mine to another company for £1. The major owners of VGM may or may not be the owners of this other company.augustusgloop
REFLEC are doing very well since they de-listed.johndee
they would have minimal value. You would have to find a buyer for them yourself or wait and see if the owners want to buy your shares at a later date. Plus, they can issue more shares in placings to the main owners at any time at any low price they want - and dilute you to insignificance. Plus, you will probably never see a dividend and will not get proper updates from the mine.augustusgloop
the old shares vgm.l 'we do now expect the offer [ to acquire ] to come in at some point in September at the previously advertised rate of 3.72p per VGM share. We would recommend visiting the Company’s website (www.vgmplc.com) intermittently as further details will be posted in due course.' does anyone know if the delisted shares could have any alternate intrinsic value either now or in the future... ??a harris
hTTp://www.uvm.edu/rsenr/fijigold/images/THESIS_M_ACKLEYFINAL.pdfchinese investor
Anyone go to the AGM Monday?At Laytonsp@
Did it go bust? I used to trade this a few years ago. Was about 90 pence last time I looked.johndee
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Well well. Do we have to do anything or will we just get the 3.72p?waterloo01
Exciting Developments ! www.vgmplc.com/downloads/2015%20AGM%20Notice%20and%20Proxy.pdfchinese investor
Ross, one way that these things can play out is for the Chinese (via another company) to provide the money to VGM by a secured loan. Then call in the loan and take the asset when VGM can't pay. Or they can just not keep you informed. Or raise shares in a private placement - diluting you by a factor of a few thousand. [That's better for them tax wise.] Or they can just run the company and completely ignore you - how would you know if they are taking money out or not?augustusgloop
Guys I'm like most here, bought and believed the story, so disappointed with the out come. One question, if I keep the shares I have and don't sell them, and the Chinese turn this mine around and it starts making money again, how do you see it been played out. Could they also force us private investors to sell just as it turns a corner. Thanksross k
Augustusloop spot on about the directors. So I take it I should take the £600 (3.72p) and run. If they come up with the money. Or forget them and see if they get funding and march on when(not if) the price of gold rises. The chinese might know about the reality of gold imports and chinese gold holdings.tarnow
I didn't go for the gamble ! I sold my VGM shares the minute after the announcement of going private was released. I got around 3p. Chinese Investor (VGM) 9 Jun'14 - 08:43 1.51p To Buy ! 3.72p To Sell In December (Possibly) !chinese investor
tarnow, you have every right to be mad - but not with the Chinese. They overpaid for the mine. The reality was that the mine should have been shut down - it was worthless. Investors were led to believe that the mine was viable without investment - then it turned out that they needed $40 million - and then that proved to be not nearly enough. The VGM directors knew quite well that this was the case -- Even I knew that many millions were needed.augustusgloop
Chinese. I own 17000 of these still. Lost £17000. Don't want to accept their offer as if they get funded the company would be turned around. I am mad. Are you taking the 3.75ptarnow
Share Purchase Has Been Put Back To April 2015 !chinese investor
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