Vatukoula Gold Share Discussion Threads

[atlantic57] 04/6/2013 21:36

Aim is indeed ridden with these dogs!!

Then of course there is plus.

[fangorn2] 04/6/2013 20:16

Wouldn't surprise me at all Atlantic. Suffice to say GKP will be my last AIM investment - if they do indeed get taken over, as everyone expects, I will never again being investing in AIM.

Just too many dogs frankly.

[atlantic57] 04/6/2013 19:30

Andy ,

I am not going name names because it is unproven but i have heard some of these worthy Captains have been running their homes through these resource Companies so as shareholders cough up , the money just goes to support a luxuary lifestyle.

The big difference now is that people are not going to buy based on endless promises.If one of these Companies delivers then it a different story.

This generation of investors will be no doubt be replaced by another gullible group when the cycle returns.


Cheers

[andy] 04/6/2013 18:17

atlantic57,

I totally agree, investors have been cleaned out on many AIM penny dreadfuls, and won't be coming back.

It's hard to see how the AIM market can recover from this in the short term, maybe after a few years the cycle will begin again, but i don't see it anytime soon.

[atlantic57] 04/6/2013 15:11

Private investors have had the balls crunched on this and many other aim resource stocks.I don't see them rushing back !

Yes Paxton and his ilk have been very successful over the last few years with their marketing techniques. but it is now game over....

[augustusgloop] 04/6/2013 15:06

Johncraven 4 Jun'13 - 10:44 - 13423 of 13428 0 0

Even so you wouldnt plough any money into a company thats going under shortly and thats what the market has assumed VGM will do.

------------------
Actually its a very common ploy.
Barry Cahill bought two lots at NGL just before the bad news surfaced.

A few grand is meaningless to these guys - especially if it helps to keep their gravy train running a while longer.

[p3dr036] 04/6/2013 15:01

There is no mention of David Lenigas on the VGM website that I can find.
He is not listed as a Director there.
I think you will find that he disappeared off the Vatakoula board a year or soi ago.
Go to and click on Directors & Senior Management!
or
Contact:
Vatukoula Gold Mines
Corporate Head Office
Vatukoula Gold Mines
Suite 3B,
38 Jermyn Street,
London, SW1Y 6DN
United Kingdom
T: [phone]

[janyboy11] 04/6/2013 14:40

P@ did you take your own advice 4 years ago ?




p@ 18 Jan'09 - 09:18 - 2 of 503

"The mine which has been operating for over 75 years, Mr Gordon said has all but exhausted the gold ore resources that could be profitably mined."

Simon When the old owner says this you really have to keep an open mind.






.

[janyboy11] 04/6/2013 14:09

well VGM is a D Lengas company what did you expect -- Fjet thread is not happy either



can anyone find even one winner from his companies below ?





Executive Profile*
David Anthony Lenigas

Mr. David Anthony Lenigas, Dave has been General Manager of Mining at Cambrian Mining Plc since October 2002. Mr. Lenigas serves as the President of Deepgreen West Virginia Inc. He has extensive international experience operating in the public company and natural resources environment. He served as the Chief Executive Officer of Lonrho Plc from December 21, 2005 to October 2007. He served as Joint Managing Director of GCM Resources Plc from June 2004 to January 2006 and its Executive Director of Technical since September 26, 2003. He served as the Chief Executive Officer of Lonrho Africa Plc from December 21, 2005 to October 2007. He served as the Managing Director of Emperor Gold Mines in Fiji. He served as a Corporate Consultant of Federation Group Ltd. from September 1999 to October 2002 and Head of diamond restructuring since March 1999 to September 1999. Mr. Lenigas has been Joint Executive Chairman of Lonrho Africa Plc since December 2005. He serves as the Chairman of Five Forty Aviation Limited, and Nare Diamonds Limited. He has been an Executive Chairman and Executive Director at CSS Stellar Plc since April 4, 2012 and November 4, 2011 respectively. He has been Chairman of the Board of 3D Resources PLC since April 2013. He serves as the Executive Chairman of Leni Gas & Oil PLC and Solo Oil PLC and Stellar Resources Plc. He has been Executive Chairman of Polemos plc since April 3, 2013. He serves as an Executive Chairman of FastJet Plc. He served as the Non-Executive Chairman of Lucapa Diamond Company Limited from June 30, 2007 to March 27, 2012 and Concha Plc from 2008 to February 6, 2009. Mr. Lenigas served as an Executive Chairman of Rubicon Diversified Investments Plc. He served as Chairman of Celsys Ltd. since February 2009. He served as chairman of Norse Air Limited. He served as the Executive Chairman of Stellar Resources Plc since April 04, 2012. He served as the Executive Chairman of Lonrho Plc since March 13, 2007 to September 13, 2012 and Non Executive Chairman of Lonrho Mining Limited since June 30, 2007. Mr. Lenigas served as the Chairman of Hot Tuna (International) Plc from March 2008 to February 6, 2009. He served as the Chairman of BDI Mining Corp. from March 17, 2006 to May 24, 2007 and Mediterranean Oil & Gas Plc until September 2006. He served as the Non-Executive Chairman of Solo Oil Plc (formerly, Immersion Technologies International Plc) since January 2008. He served as the Chairman of LonZim Plc (Cambria Africa Plc) until February 24, 2012. Mr. Lenigas served as the Chairman of Ortac Resources Ltd. (also known as Templar Minerals Ltd). He served as Joint Executive Chairman of Lonrho Plc from May 2006 to March 13, 2007 and also served as its Chairman. He served as the Chairman of Lonrho Mining Limited since June 30, 2007. He serves as Director of Active Resources Realisation Fund (BVI). He has been Non-Executive Director of Rare Earth Minerals Plc since January 2010. He has been a Director Lonrho Plc since January 21, 2006. Mr. Lenigas has been a Non Executive Director of Zest Group Plc since January 2010. He serves as Director of Polemos plc. He has been Director of Lonrho Africa Plc since January 12, 2006 and Celsys Print Zambia Limited since 2007. He serves as Non-Executive Director of Asia Energy Global Coal Management PLC and Director of River Diamonds PLC. He has been an Executive Director of Stellar Resources Plc since November 4, 2011 and Leni Gas & Oil PLC since August 2006. He serves as a Director of Rare Earth Resources Limited, Solo Oil International Limited,Lonrho Air (BVI) Limited and Hotel Cardoso SARL. He serves as a Director of Solo Oil (Argentina) Limited, , Central African Investments plc, , Lonzim Holdings Limited, , e-Kwikbuild Housing Company (Pty) Ltd., e-kwikbuild, LonZim Management Services Limited, Lonrho Air (3) BVI Ltd., , Lonrho Agribusiness (BVI) Ltd., RET Services Limited, Vatukoula Gold Pty Ltd (formerly Westech Gold Pty Ltd), , Lonrho Water (BVI) Ltd., Lonrho Aviation (BVI) Ltd., Lonrho Air Africa (BVI) Ltd., Five Forty Africa (BVI) Ltd., Lonrho Air (2) BVI Ltd., Lonrho Springs BVI Limited, Lonrho Mining SA Ltd., Lonzim Management Limited, Lonrho Luba (BVI) Ltd., Lonrho Air (BVI) Ltd., , Templar Minerals Plc, Lonrho South Africa (Propriatry) Limited and Five Forty Aviation Ltd. He serves as an Executive Director of Vatakoula Gold Mines plc and served as its Non Executive Director. He served as a Director of Lucapa Diamond Company Limited from August 21, 2006 to March 27, 2012 and Concha Plc from March 2008 to February 6, 2009. He served as director of Celsys Ltd. since 2007. He served as director of Lonrho Hotels BV. He served as an Executive Director of Cambria Africa Plc from November 7, 2007 to February 24, 2012. He served as an Director of Vatukoula Australia Pty Ltd. (formerly Westech Australia Pty Ltd), Lonrho Hotels SA Limited, Lonrho Mining Ltd., Lonrho Hotels Nigeria Limited, Lonrho Hotels DRC Limited, Yuagong (Pty) Limited, Lonrho Securitec (Pty) Limited, Lonrho Management South Africa (Pty) Limited, Lonrho Amathonga Hotels (Pty) Limited, LonAgro (SS) Limited, Lonrho South Africa (Pty) Limited, Active Resource Realisation Fund, Lonrho Logistics (Pty) Limited, Lanitrim (Pty) Limited, Lonrho Transport Limited, Caropix (Pty) Limited, Lonrho Projects South Africa (Pty) Limited, Lonrho Projects Consulting (Pty) Limited, Lonrho Projects Agri (Pty) Limited, Lonrho Energy (Pty) Limited, Lonrho Hotels Ghana Limited, Lonrho Hotels Kenya Limited, Benson Global Trading Limited, Lonrho Ports Ghana Limited, Lonrho Ghana Ports Limited, Lon Agro Tanzania Limited, Tanzania Harvest Limited, Tanzania Machines Limited, Lonrho IT Limited, Lonrho Budget Hotels Limited, Lonrho Hotels (Holdings) Limited, Sociedade Comercial Bytes & Pieces Limitada, LAH Jersey 2 Limited, Lonrho Support Services Limited, Lonrho Integrated Support Services Limited, LAH Jersey 3 Limited, Fish On Line (Pty) Limited, Lonrho Ports & Infrastructure Limited, Lonrho Infrastructure Limited, Lonrho Holdings Limited, DRC Hotels Limited, LAH Mozambique Hotels Limited, Lonrho Hotels Limited, Global Horizons Limited, Best In Tents Limited, Africa Expeditions Limited, Africa Expeditions TZ Limited, Africa Expeditions Uganda Limited, Afex Holdings Limited, Hotel Accommodation Limited, Protea Seafoods, LAH Jersey Limited, Cultivate Harvest Limited, Oceanfresh Seafoods (Pty) Limited, Crop Harvest Limited, Mozambique Machines Limited, Lonrho Equipment Limited, Laytons Offshore Limited, Lonrho Agribusiness Limited, Lonrho Motors BV, Lonrho Distributors BV, Lonrho Africa Motors BV, Lonrho Africa Food Processing BV, Lonrho Africa Distributors BV, Lonrho Africa Agribusiness BV, Lonrho Hotels Mozambique BV, Lonrho Africa Hotels BV, Lonrho Ports BV, Lonrho Air BV, Lonrho Springs BV, Lonrho Africa Holdings BV, South African Ind, Fastjet












.

[atlantic57] 04/6/2013 13:50

Mutual admiration society agree with you!

Having been crushed with ngl ascot and now vgm i am extremely wary of believing Directors predictions especially when month after month in the case of all the Companies i have just mentioned have shown truly appalling actual results delivered.

[johncraven] 04/6/2013 13:19

atlantic agree with everything you said aswell.

I did think NGL would recover having spoke to some contacts WHO seemed to believe it was a no-brainer. I suppose we live and try to learn.

VGM again seems a no-brainer with the potential to realise big gains from 10p but should be digested with caution. The recent director dealings from my view however can only be taken as a marginally positive constituent.

[atlantic57] 04/6/2013 11:55

John i agree with those comments , however i think i have seen you post on ngl bb.

I think they will get the money , but vgm has a norsman feel to it!

on the other vgm thread a guy has posted an rns from 2008 promising 110 000 ounces per annum in 2009.

So yes if they delivered huge potential . unfortunately no one believes the story anymore!!

[johncraven] 04/6/2013 10:44

Even so you wouldnt plough any money into a company thats going under shortly and thats what the market has assumed VGM will do. So the recent director buying and more importantly the 30m at 15p has added up to some positives coming out at last and the price is so low now that it has the potential to rapidly increase on any hint of a turnaround.

[skullymeister] 04/6/2013 10:13

He must have brought them from adit? If so the rns is misleading as it clearly says in addition to, giving the impression that 240k of shares have been brought by dp and adit. Who knows but the reality is that 40k is hardly much of a financial commitment

[p@] 04/6/2013 09:43

Anyone find a sales RNS for these DP shares?

[andy] 04/6/2013 09:36

Or did he sell the 40k to edit? :-)

[skullymeister] 04/6/2013 09:20

The rns says that in addition to dp 40k buy, adit brought 200k shares and yet only holds 160k. How can that be? Are we double accounting here?

[p@] 04/6/2013 08:43

Anyone find a sales RNS for these?

[fangorn2] 04/6/2013 08:39

Didn't realise Paxton had such a LITTLE STAKE in the company he's run,in my opinion, so incompetently over the last 3 years....

DP buys 40,800 shares!
Adit Investment, a company owned by David Paxton, has purchased 200,000 shares


Clearly doesnt have much faith in his own abilities!

[janyboy11] 04/6/2013 08:31

THE MANAGEMENT HAVE LIED FROM DAY 1



.

[p@] 04/6/2013 08:22

Did I miss the RNS that DP sold his previous shareholding of 50,000 shares (5m.at the pre-consolidation days)?

[janyboy11] 04/6/2013 08:15

WOW £3000 worth

[chinese investor] 04/6/2013 08:08

Yes !

Chinese Investor 31 May'13 - 11:55 - 629 of 642
Will Paxo Buy ?
www.overzeal.co.uk

[atlantic57] 03/6/2013 22:08

John craven i think the answer is no!

I suspect on the balance of probability ie above 50% we will get Chinese funding.
This i think will give the share price a short term boost.

The problem though is we are getting the usual drivel from Vgm Management 'that we are months away from producing 100 000 ounces.

We have been months away for the last 3 years and no one any longer believes Management.

The only thing that will change that is actually producing more ounces !

unfortunately we are 'permanently'months away...