Vatukoula Gold Share Discussion Threads

[atlantic57] 03/6/2014 08:58

The 40% is far from guaranteed and given Zhonguns record to date you would probably need a 200% premium to make it worthwhile.

[fangorn2] 02/6/2014 14:43

"assured the Company of its intention"

Given the reputation of Chinese companies in general an "assurance of its intention" is hardly a guarantee. Why wait till December?

That 40% isn't guaranteed. hence why it's trading at 2.65!

[skullymeister] 02/6/2014 12:57

I too now hold 10000 shares at a loss of £2200. Not a happy position but for the sake of £282 they are now worth I might as well see what happens. Painful lesson learnt. You never know they might find a glory hole!!!!!

[chinese investor] 02/6/2014 12:20

All Our Yesterdays !DateOzSales Per OzCost Per OzNov 201115,684$1,684$1,530Aug 201110,670$1,636$1,479May 201111,395$1,453$1,721Feb 201111,442$1,365$1,480DateOzSales Per OzCost Per OzNov 201016,565$1,314$1,057Aug 201021,107$1,199$647

[chinese investor] 02/6/2014 12:18

It's a Black Day !

[tipjunkie] 02/6/2014 10:30

my initial 2k now worth 49 quid!!!

cant win them all

[chinese investor] 02/6/2014 08:09

I sold on Friday !Delay in the funding and worries about China (which is having an impact on the price of gold) have killed VGM.

[atlantic57] 01/6/2014 21:34

Zonguns approach is baffling !
The delay in providing the working capital has meant that vgm have not been able to do the work they intended and therefore run up an even bigger loss with a further need or another 20 million pounds

i think vgm will ne around in december but i would not put money on them offereing to buy shares back at 3.62p.

For private shareholders who were foolish enough to believe paxton it is game over.

Chinese you either an eternal optimist or whatever you or on send me some...

[augustusgloop] 01/6/2014 17:02

looky
30 Mar'12 - 10:44 - 10746 of 13485 0 0


I attended the VGM presentation last night and also had an opportunity to speak with both the CEO and FD privately. The key points they made were:
the company has over promised in the past due to the previous mine manager under estimating the challenges of increasing the development work while also ramping up production. The new guy is doing a great job and is introducing a number of initiatives which have improved matters significantly.
they are confident of meeting 65,000ozs this year, they appreciate that they cannot fail to hit this target.
the 75,000oz target for the following year is lower than many people would expect but that year is still going to involve significant development work and they don't wish to over promise.
100,000oz will be hit the following year as by that stage the development work will be running at a normalised rate of 30% compared to current levels of 50%.
the mine has enormous exploration potential, however, this year they are focusing on increasing the reserves figures and they will then turn their attention to some of the exploration targets.
they will obtain a North American listing when its appropriate as they see valuations for underground miners standing at multiples of VGM's valuation.


Overall, I feel very comfortable that management are doing the right things, they have obviously made mistakes in the past but they are very focused on delivering and this share offers tremendous upside over the next 18 months as they deliver on this plan.

[andy] 01/6/2014 13:38

duke,

You have to wonder whether they will put more good money in to chase bad?

Commiserations to holders here.

[dukedosh] 01/6/2014 13:04

Is this really easy money?

Will this still be around in December?

Will Zhongrun pay up?

Personally, I think not.

[buywell2] 01/6/2014 10:51

Could now go to 2p or less over the next 4 weeks

Production costs now running at $2,000 per oz = unviable

May as well mothball and save cash

[buywell2] 01/6/2014 10:43

This has got a tough month ahead of it



Says it all .... they are not viable

''Vatukoula Sold 19,116 ounces of gold during the first half of this year at an average cash cost of US$1,463 per ounce. ''


Even worse

''Subsequent to the half year ended 28 February 2014, and for the two months ending April 2014, the delivered grade from the mine has decreased to 3.63 grams of gold per tonne, which has resulted in just under 5,312 ounces of gold shipped. The effect of the lower grade and lower production has resulted in an increase in cash costs per for the two month period to approximately US$2,006 per ounce. ''

[partner] 31/5/2014 08:22

Agree buy at 3p on 2nd june ie next monday , sell 1st dec,hold six months,making just under 20% return. Risk that no money available to buy shares with w h ireland come 1st dec, unlikely ?.

[windass] 30/5/2014 17:07

"At 180p Vatukoula's a screaming buy and will gravitate toward £3"

[chinese investor] 30/5/2014 16:24

It must be worthwhile buying these at 3p if you're gonna get 3.72p in December ?

[skullymeister] 30/5/2014 16:06

Well it looks like its game over for the PIs on this share with the AIM cancellation. No surprise really.

[gekks] 30/5/2014 16:03

Is there any point in selling ? either take 3.72p from Zhongrun or see if they actually turn things round.