Vatukoula Gold Share Discussion Threads

[darkinbad] 02/2/2016 07:44

Took up the matched bargain offer through Selftrade. No commission charged but took several calls and emails to get it moving because they were not initially aware of the corporate action.

[chinese investor] 25/1/2016 13:33

Cost ($ per oz)

2015 1,121
2014 1,478

Realised ($ per oz)

2015 1,155
2014 1,264

[chinese investor] 25/1/2016 13:32

2015 43,982 oz were shipped.
2014 38,193 oz were shipped.

[chinese investor] 25/1/2016 13:31

"The matched bargain facility has been open to take up VGM shares on Monday, January 11, 2016.

The share purchase will end on Friday, February 12, 2016.

During the first week of the share uptake between January 11 and 15, 2016, about 24.6 million VGM shares were sold to the account of Zhongrun International Mining Co. Ltd. (“ZhongrunR21;), accounting for about 32% of VGM public floats."

[boffster] 16/1/2016 20:44

"Shares will be bought at 3.72 pence, if you wish to trade your VGM shares please see below a breakdown of deal costs for the service:



1.95% on the first £10,000 consideration

0.50% on the next £15,000

0.30% on the excess

Minimum commission £50

Plus:

Fixed Bargain charge of £42.50



Please be aware that the total minimum fee to be charged by WH Ireland in relation to any sale of VGM shares is £92.50. If the value of your shares is less than the total minimum dealing costs you may wish to seek advice from a financial adviser, but please be aware that WHI cannot advise shareholders as to the best course of action in this eventuality. If you are a broker / nominee representing a number of clients, you may wish to collate the orders of your clients, to minimise dealing costs, as the above fees are charged on a per trade basis."

[squibno1] 14/1/2016 13:50

Has anyone taken up the company offer to buy their shares for 3.72p ? and what dealing costs have been quoted?

[leonasdad] 28/12/2015 10:04

American wannabe Mainland Chinese Investor
or Mainland Chinese wannabe American Investor

take your pick - it's binary.com from this UK English Keyboard

[chinese investor] 28/12/2015 09:58

Notice to shareholders
Re matched bargain facility
24 December 2015

Dear Shareholders

The Company was informed by Zhongrun International Mining Co. Ltd. (“ZhongrunR21;), the Company’s major shareholder, and WH Ireland that a matched bargain trading facility has been put in place.

Zhongrun is ready to acquire the Company’s ordinary shares (“Shares”;) from any shareholders who do not wish to remain a Shareholder at a price of 3.72 pence per Share.

For details, please refer to our early announcements made in September 2015.

The matched bargain facility will be open to take up Shares, starting from Monday,
January 11, 2016.

The Share purchase will end on Friday, February 12, 2016.

Shareholders who decide to sell their shares should contact WH Ireland at
[e-mail].

WH Ireland will handle the share purchase transactions on behalf of Zhongrun.

If you hold your shares in certificated form you will need have your shares dematerialised and deposited into CREST.

Your stockbroker should be able to facilitate this process for you.

If they are unable to assist or you do not have a stockbroker, please advise WH Ireland and they will endeavour to assist you.

Yours sincerely
Y.B. Ian He
Chairman of the Board

Registered Office:
2 More London Riverside
London, SE1 2AP
Registered number 5059077

[andy] 27/12/2015 11:57

Is there an alternative for holders here?

[squibno1] 27/12/2015 11:27

Be wary the W H Ireland will charge over £90 dealing cost for you to sell your VGM shares under the company's matched sale offer.

[atlantic57] 19/12/2015 11:33

That is a really helpful link,,,

[atlantic57] 24/10/2015 18:42

Chinese. Perhaps you could ask the t1ps.com team if they can be tracked down.
They were constantly tipping Vgm despite the company having endless placings.
You now say there will be even more dilution.

Surely they would be better advised to simply close the mine down.

[p@] 15/10/2015 08:22

Thnx for the info C.I.

[chinese investor] 15/10/2015 07:48

I got my information from :-

which has now been removed.

It said the mines needed a huge amount of investment which would dilute existing shareholders' holdings.

[chinese investor] 14/10/2015 20:19

email [e-mail] or call 0207 220 1666 to indicate your wish.

[waterloo01] 14/10/2015 20:19

Some cash is better than none. IMV Once private not only can't you trade any shares, the company can do what they like. Might it sometime suddenly be worth even a fraction of what I/you paid? Pure lottery ticket.

I'll take the cash unless someone has a convincing reason not too?

[2350220] 14/10/2015 19:32

I've received the above message from my brokers Hargreaves.
They don't explain what happens if I elect to 'do nothing' re the re-purchase.
Anyone else in my situation, having not sold the shares before the previous de-listing deadline?

Any thoughts welcome . . . err bar the unhelpful thoughts of Augustusloop that is.

Yours,
John

[chinese investor] 14/10/2015 08:11

Gold on a Charge !

[chinese investor] 01/10/2015 18:31

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] 01/10/2015 18:21

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 [e-mail] 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] 01/10/2015 18:18

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............