Vatukoula Gold Share Discussion Threads

[speedwaymad] 19/4/2012 08:33

I wish "michaels" wouldn't keep posting pictures of his wife.

[chinese investor] 19/4/2012 08:13

Vatukoula, the AIM quoted gold producer focused on Fiji, is pleased to announce that it has appointed Canaccord Genuity Limited as joint broker with immediate effect.

[elban] 19/4/2012 08:11

New broker = there's gunner be a placing.

I predict £8m @ 40p.
With a statement that its to fund something like the bagasse plant or more exploration -- when really it will be to cover flood damage.

Expect it in the next 4 weeks - definitely before the next quarter update when the reduced tonnage from the mine will show that flood damage occurred.

[chinese investor] 18/4/2012 20:33

"Sticking to the script at Proactive. Will reach 100,000k oz but not for a while yet. The costs are high because of development but will fall when grade increases. Biomass plant moving in right direction but not financed yet. Will be chucking off $50m cash when producing 100k oz.

...no mention whatsoever of the recent floods but have chatted to them and it's not been good. Roads impassable, workers can't get to work etc. However, we must see it as a blip...they know how to deal with water.

Lots more gold to find.

So..in simple terms....you either think it's a croc of promise that will never deliver or this is a great time to buy in but it will take another couple of years to deliver."

[smarm] 18/4/2012 19:26

Sticking to the script at Proactive. Will reach 100,000k oz but not for a while yet. The costs are high because of development but will fall when grade increases. Biomass plant moving in right direction but not financed yet. Will be chucking off $50m cash when producing 100k oz.

...no mention whatsoever of the recent floods but have chatted to them and it's not been good. Roads impassable, workers can't get to work etc. However, we must see it as a blip...they know how to deal with water.

Lots more gold to find.

So..in simple terms....you either think it's a croc of promise that will never deliver or this is a great time to buy in but it will take another couple of years to deliver.

S

[chinese investor] 17/4/2012 18:54

kemo4 - you are correct - I'll adjust the header tomorrow.

[kemo4] 17/4/2012 16:50

I think the costs are wrong at the top of this BB? Given that the last quarter was US$1,400 per ounce

[140661] 16/4/2012 13:35

I have recently taken a stake in Vatukoula based on the following analysis. I have taken the mine profits for the period achieved in the first half of $3.5m (£2.3m) and tried to calculate a likely mine profit figure for the year based on the company's target production for the year ending 31/8/12 of 65koz. The costs in the first half based on 30k oz were $1,415oz, now assuming production reaches 35koz in the second half should lead to a reduction in costs per oz to say 1,350oz. Assuming gold stays around $1,650oz leads to a profit per oz of $300, so 35,000 times $300 equals $10.5m gross profit before depreciation/amortization and admin expenses of say $4.5m making a profit for the second half of $6m (£3.9m). The mine operating profit for the year would therefore be around $9.5m (£6.2m).

This is a rough estimate but hopefully gives a realistic target. I have read through the research reports produced by WH Ireland, the company's nomad/broker, and HD Capital and both have earnings targets for the year ahead of the figures I have used above. Even taking a more prudent profit figure of £5m for the current year leaves Vatukoula's shares trading on a PE of sub 9x. In addition to appearing under valued on a simple PE basis, the shares also offer significant upside in terms of the following:

production is expected to increase to 75koz in 2013 and 100koz in 2014. If these figures are achieved and gold stays around current levels then the profitability of Vatukoula should rise substantially given the expected decilne in costs to $800oz
price targets from brokers following the shares are currently 122p and 165p with both confirming strong buy recommendations
none of the large institutions appear to be selling
significant exploration upside.
sizable cost reduction if the biomass project proceeds adding a further $15m (circa £10m) of profit in 2015.
Resources of over 4 million ounces (which if all converted to reserves would represent a mine life of over 40 years)

Based on the above I am very hopeful that my investment in Vatukoula will provide an excellent return over the next 12-24 months.

I will be attending a presentation to be given by the company on Wednesday to private investors and will add any further comment post that meeting.

[chinese investor] 16/4/2012 07:31

Vatukoula Gold Mines Plc, the AIM listed (AIM:VGM) gold producer announces that today it has granted 1,160,000 options over ordinary shares in the Company to Employees at the Vatukoula Gold Mine in Fiji and Strategic Advisors.

Each option carries the right to subscribe for 1 ordinary share of 5 pence each in the capital of the Company at a price of between GBP0.70 and GBP1.75 per share. These options are exercisable between two and five years from the date of grant. The weighted average exercise price of these options is GBP1.42 per share

Following the grant of the options Employees and Directors will have options over 6,587,122 ordinary shares in the Company.

[speedwaymad] 14/4/2012 00:13

And, pray tell, what has the blonde tart to do with gold mining?.

More window dressing, puffery, and smoke and mirrors.

[speedwaymad] 14/4/2012 00:11

Might be a flashy looking thread, but like the host and VGM, has no substance whatsoever.

In fact, a pretty desperate and pathetic attempt to ramp a stock that is plumbing new depths every week.

How wonderful to be mining gold at above it's current market price!

[chinese investor] 13/4/2012 18:17

Recovery started.

[janyboy9] 13/4/2012 07:41

QUESTION WHY INVEST IN A D LENIGAS OIL OR MINING COMPANY ????????






................ LGO .......................

a href='http://uk.advfn.com' title='Free stock charts & share prices from uk.advfn.com'>free stock charts from uk.advfn.com


...................SOLO ..................


a href='http://uk.advfn.com' title='Free stock charts & share prices from uk.advfn.com'>free stock charts from uk.advfn.com




OR GOLD ..... VGM








.......................REM






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.

[edjge2] 12/4/2012 22:11

Sad isn't it but nice to be the first oh sod it second! Very surprised at vgm stability at this level. Coiled spring to jump either way. General market ready to do that too. From vgm history wonder how much trust in management?

[chinese investor] 12/4/2012 16:11

DateOzSales Per OzCost Per OzFeb 201214,315$1,639$1,419DateOzSales 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] 12/4/2012 16:08

Date
Oz Mined


May 2014
8,139


Feb 2014
7,622


Nov 2013
11,090


Aug 2013
11,442


May 2013
9,005


Feb 2013
8,861


Nov 2012
10,549


Aug 2012
11,763


May 2012
11,390


Feb 2012
14,315


Nov 2011
15,684


Aug 2011
10,670






Cash Cost per Oz ($)


1,938


1,618


1,363


1,393


1,812


1,688


1,590


1,795


2,034


1,426


1,590


1,479







Cash Realised per Oz ($)


1,271


1,239


1,285


1,317


1,474


1,636


1,721


1,598


1,622


1,721


1,644


1,636

[janyboy9] 10/4/2012 17:18

QUESTION WHY INVEST IN A D LENIGAS OIL OR GOLD COMPANY ????????






................ LGO .......................

a href='http://uk.advfn.com' title='Free stock charts & share prices from uk.advfn.com'>free stock charts from uk.advfn.com


...................SOLO ..................


a href='http://uk.advfn.com' title='Free stock charts & share prices from uk.advfn.com'>free stock charts from uk.advfn.com


OR GOLD ..... VGM








.






.

[edjge2] 10/4/2012 12:31

Dead cat bounce here? All except RRS getting splatted. Sold mine earlier, wondering if reentry is worth it?

[kaos89] 10/4/2012 07:44

I'm going to give this bb a miss for a while