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VGM Vatukoula Gold

2.30
0.00 (0.00%)
13 May 2024 - Closed
Delayed by 15 minutes
Vatukoula Gold Investors - VGM

Vatukoula Gold Investors - VGM

Share Name Share Symbol Market Stock Type
Vatukoula Gold VGM London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 2.30 01:00:00
Open Price Low Price High Price Close Price Previous Close
2.30 2.30
more quote information »

Top Investor Posts

Top Posts
Posted at 28/12/2015 10:04 by leonasdad
American wannabe Mainland Chinese Investor
or Mainland Chinese wannabe American Investor

take your pick - it's binary.com from this UK English Keyboard
Posted at 11/5/2015 15:22 by jarrow3
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Posted at 23/4/2015 02:34 by ross k
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
Posted at 16/4/2015 12:37 by chinese investor
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) !
Posted at 16/4/2015 11:59 by augustusgloop
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.
Posted at 09/4/2015 19:22 by chinese investor
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.”
Posted at 25/6/2014 18:13 by atlantic57
It is to late for private investors to benefit.
Would you trust Zongun to look after the interests of private investors I would not.
Posted at 09/6/2014 12:20 by timgw
Potential support level is NIL!! As we all know, AIM regulation is non existent and we investors have only ourselves to blame for our losses. If this were a USA company the directors and there chums would be seriously in the soft and smelly but, hey, that's life I guess.
Posted at 05/6/2014 09:14 by chinese investor
Will investors who buy now be eligible for the December 3.72p offer ?
Posted at 02/5/2014 18:42 by atlantic57
I have had the same experience.A reasonable conclusion to draw is that private investors do not matter.i don't think zhongon would have pumped so much money into the company without believing there is some hope of success.However whether private investors will benefit is another matter.

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