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VGM Vatukoula Gold

2.30
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Vatukoula Gold LSE:VGM London Ordinary Share GB00B52ZLG09 ORD 5P
  Price Change % 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 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Vatukoula Gold Share Discussion Threads

Showing 21001 to 21024 of 21075 messages
Chat Pages: 843  842  841  840  839  838  837  836  835  834  833  832  Older
DateSubjectAuthorDiscuss
29/9/2015
08:28
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
21/8/2015
21:08
Looking Good !
chinese investor
20/8/2015
07:47
The Smart Money Is Moving Into Gold !
chinese investor
16/8/2015
07:06
David Paxton walked away with £445,000 according to the 2014 Annual Accounts !
chinese investor
16/8/2015
07:01
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
15/8/2015
16:23
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
15/8/2015
15:18
REFLEC are doing very well since they de-listed.
johndee
15/8/2015
10:35
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
15/8/2015
09:15
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
20/5/2015
12:48
Anyone go to the AGM Monday?At Laytons
p@
18/5/2015
12:51
Did it go bust? I used to trade this a few years ago. Was about 90 pence last time I looked.
johndee
11/5/2015
14:22
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jarrow3
11/5/2015
14:18
Well well. Do we have to do anything or will we just get the 3.72p?
waterloo01
11/5/2015
14:12
Exciting Developments !

www.vgmplc.com/downloads/2015%20AGM%20Notice%20and%20Proxy.pdf

chinese investor
23/4/2015
06:17
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
23/4/2015
01:34
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. Thanks
ross k
16/4/2015
14:49
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
16/4/2015
11:37
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
16/4/2015
10:59
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
16/4/2015
10:48
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 3.75p
tarnow
09/4/2015
18:42
Share Purchase Has Been Put Back To April 2015 !
chinese investor
09/4/2015
18:28
Cost per oz Six Months to Dec 2014 was $1,243 (previous $1,377).
Realised per oz Six Months to Dec 2014 was $1,221 (previous $1,286).

Cost per oz for Dec 2014 was $1,011 !

chinese investor
09/4/2015
18:22
Operational Update !

"The cash advances under the Zhongrun Loan agreement have enabled the mine to invest in key pieces of capital equipment and mine infrastructure.
This investment and the lower price fuel prices have helped decrease the cash costs per ounce.
We are seeing a general downward trend in our costs with the cash cost in December 2014 at US$1,011 per ounce.
For the months of January and February 2015, however, the cash costs increased to around US$1250 and 1350 per ounce range due to lower ore grades.

Substantial funding is required for mine development and expansion, in order to
achieve the mine’s nameplate capacity and to reduce unit cost.
We continue to discuss with some strategic investors for major funding.”

chinese investor
05/4/2015
13:14
:-)

Very good!

andy
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