Vatukoula Gold Share Discussion Threads

[chinese investor] 11/4/2014 18:05

End Of An Era !

May I remind posters not to slander Paxo !

[atlantic57] 11/4/2014 17:55

He should have resigned years ago.gross incompetence would be a gene rouse description of his time at the helm.However given the Chinese involvement I am not sure what this means for shareholders.

[augustusgloop] 11/4/2014 17:46

Quite possibly the most morally bankrupt person that I have ever come across.

[bulldog30] 11/4/2014 17:37

So now Chinese takeover and Orr-Ewing and the rest shown the door ?

[fangorn2] 11/4/2014 16:58

Lol so the Chinese finally saw how incompetent he was.Only 6 years too late for all those poor suffering shareholders.

Resigned.Far more likely told to fall upon his sword.

[someuwin] 11/4/2014 16:40

Vatukoula Announces Resignation of CEO

RNS

RNS Number : 6927E
Vatukoula Gold Mines PLC
11 April 2014








11 April 2014

Vatukoula Gold Mines plc

("Vatukoula" or "the Company")

Vatukoula Announces Resignation of CEO David Paxton

The Board of Directors of Vatukoula (AIM: VGM) today announces that David Karl Paxton has tendered his resignation as Chief Executive Officer ("CEO") of the Company and will resign from the Board of Directors, effective immediately.

The Board would like to thank Mr. Paxton for his dedication, leadership and contribution to the Company during his tenure as CEO. Mr. Kevin Zhu, current Mine Manager of the Vatukoula Gold Mine has been appointed Chief Operating Officer ("COO") of the Company and will take over Mr. Paxton's principle roles and responsibilities. The COO role will remain a non-Board position and the Chairman Ian He will assume the former Board responsibilities of the CEO.

Mr. Paxton said "It has been a great pleasure to serve as CEO of the Company during the last six years and now that Vatukoula has finalised the outstanding US$20 million loan note agreement, the Company is well placed to increase production to its long term targets. It has been a privilege to work with Vatukoula and the entire Company's team, and to have the mine advanced to its current state. I would like to thank shareholders for their continued support and look forward to the Company's transition to a low cost gold producer".

Mr. Ian He, Non-Executive Chairman said "We would like to thank David for bringing Vatukoula to this point. We wish him well in his endeavors and look forward to VGM's continued progress."

[chinese investor] 08/4/2014 07:19

Gold Gone Mental !

[chinese investor] 08/4/2014 06:53

Last Year the Operational Update was Released on 20 March 2013 !

[rrr] 07/4/2014 11:09

Qe 30/11/13 - report 13/1/14 = 44 days later

Qe 28/2/14 - 44 days later is 13/4/14,

so not yet 'later' than last time.

[stoph] 07/4/2014 07:40

I went along to UK Investor. The VGM stand empty so why waste more money paying for a stand if you have no intention of coming?

[chinese investor] 07/4/2014 07:35

atlantic,
It's worrying that it is late !

[atlantic57] 04/4/2014 16:29

Chinese the gold price movement is nice as you put it.

However it is self evidant that we are many months away from seeing any transformation in the production ounces at vgm and that is if you believe the Management, which for the last 5 years has proved to be a bad call.

[atlantic57] 04/4/2014 16:29

Chinese the gold price movement is nice as you put it.

However it is self evidant that we are many months away from seeing any transformation in the production ounces at vgm and that is if you believe the Management, which for the last 5 years has proved to be a bad call.

[chinese investor] 04/4/2014 16:15

That's Nice !

[atlantic57] 02/4/2014 11:49

Don't worry melody we are months away from 100 000 ounces a year production , just we have been for the last 5 years but with the ' miner' addition of a 20 million loan and increasing the number of shares in issue by a multiple of around 6.

[atlantic57] 02/4/2014 11:49

Don't worry melody we are months away from 100 000 ounces a year production , just we have been for the last 5 years but with the ' miner' addition of a 20 million loan and increasing the number of shares in issue by a multiple of around 6.

[mmelody] 02/4/2014 09:52

40,000! OMG

[chinese investor] 31/3/2014 16:37

Not Good !

[atlantic57] 31/3/2014 16:27

Wow 40 000 ounces of gold production in the year to 31/08/2014.

[chinese investor] 28/3/2014 06:47

We're Back In The Non Profitable Area !

[ukinvestorshow] 21/3/2014 12:08

will be appearing at the UK Investor Show, 5 April 2014 at the , Westminster. Company directors will be attending the show. Be sure to turn up and ask any questions you have. Also attending will be , author of The Darker Side of Blinkx, who will be revealing some material not previously seen elsewhere. All £50 Gold tickets are now sold out, but there are still some £10 tickets left, click the button below to get yours.

[chinese investor] 18/3/2014 09:02

Thank Goodness things have calmed down in the Crimea which has resulted in the Price of Gold retreating slightly.

The New Price Of Gold remains good for VGM.

Together with lower costs and increased production things now should be on the way up for the Company !