Vatukoula Gold Share Discussion Threads

[andy] 17/7/2013 16:57

Chinese,

LOL!

POG falling again :-(

[chinese investor] 17/7/2013 11:12

VGM could always redeploy their staff as Rugby Players !
Just a Thought !

[andy] 11/7/2013 08:55

Chinese,

POG would have to gain another $200 per ounce first I fancy.

[chinese investor] 11/7/2013 07:37

VGM Surviving !

[atlantic57] 11/7/2013 07:09

what miracle ?

[chinese investor] 11/7/2013 03:55

Could A Miracle Happen ?

[dataline] 11/7/2013 01:01

Gold hits $1288
$1300 here we come.

[chinese investor] 10/7/2013 20:00

Not Looking Good !

[chinese investor] 10/7/2013 19:10

Looking Good !

[craignet8] 10/7/2013 15:56

Haha, funny. Let's see what happens after tonight's FOMC meeting minutes...

[chinese investor] 10/7/2013 10:27

Gold Will Be $1,300 By The End Of This Week !

[atlantic57] 07/7/2013 16:17

Isn't Eric Sprott the guy who bought into vgm 4 years ago predicting 100 000 ounces per annum production within 18 months.

Im not sure what he paid i suspect it was arround 75 pence per share.

If you buy into the right company at the right time you can indeed do very well , but get the Company or timing or both wrong then you will do very badly as Mr Sprott knows from his investment in Vgm.

[chinese investor] 07/7/2013 09:16

Eric Sprott founded Sprott Asset Management in 2001, and is one of the gurus of gold (and more especially silver). This article appeared the other day summarising Sprott’s thoughts from a broadcast which went out on June 25th. It is an extreme view and clearly Sprott talks his own book but it is interesting none the less.
“It was my feeling that during the first quarter of the year, up until April 15th, there were many signs that there was going to be a shortage of gold. We wrote an article about a year ago, titled ‘Do Western Central Banks have any gold left?’ where we quantified that there’s been probably an extra 2,300 tonnes of demand every year since 2000, and yet gold production has not gone up in that timeframe.”
But instead of a demand squeeze, driving prices higher, gold has declined from nearly $1,700 at the start of the year to lows of around $1,200 now. How could the price decline if there truly was a shortage?
Mr. Sprott continues: “I put the slam down to the people who are short gold – it’s been very well-documented that certain parties had very large short positions in gold. Shorters who were expected to deliver gold that was not deliverable could have created this downdraft in order to cause gold to come into the market.”
“But it totally backfired,” says Mr. Sprott. The sudden drop in price led to extreme levels of demand for physical metal even as “paper gold” sold off heavily, says Mr. Sprott, citing record demand for physical metal, particularly out of India and China.
“I would venture to say, at the kind of rates of consumption we have now, we might have a 4,000-ton shortage in a 4000-ton market.” So how could the market bridge the gap?
Mr. Sprott continues: “I suspect that the Western Central Banks have surreptitiously been supplying the market. We’ve seen COMEX inventories plunge from 11 million ounces to around 7.6 million ounces in the last few months, and it seems to me that people are finally taking their gold out of the system.”
Mr. Sprott says it’s the paper markets that have determined the pricing of gold – and these markets are often disconnected from the physical metal. “There’s been a lot written about how a very small percentage of paper gold – for instance in the COMEX – is delivered physically. These paper products have determined the price.”
“I’m a huge believer that you should own physical,” says Mr. Sprott. “I don’t like the fact that someone with a lot of money can affect the price in the short term with money when I see the fundamentals for physical gold as very positive.”
Will people who own gold now get the “last laugh?”
“I think they will,” says Mr. Sprott, reminding that even after the gold sell-off this year, gold is up nearly 500% since the beginning of the last decade, whereas the Dow Jones, for instance -- which was at around 11,800 in 2000, versus an average of around 14,500 for 2013 – only rose by around 23% over the same timeframe.
“It’s been a great ride already. Where do we go from here? Some people think it’s going lower. I happen to think it’s going higher. I think we will see gold at substantially higher prices.”
Ask yourself two fundamental questions, he says: “Do we believe in zero interest rates, and do we believe in printing money?”
“Going back to my theory that there was no gold left to sell, one of the things you could do is to knock the price of gold down and start redeeming the ETF, because that’s an inventory of physical gold. And that gold was leaving the GLD throughout the whole part of 2013.”
So people who need gold for physical delivery, or want to own physical could have used ETFs as a means to that end: “I take the partial draining of the GLD as an extremely positive event that’s transpired and really tells you about the physical shortage that’s going on.”
Is Eric Sprott buying gold or gold shares?
“I’m buying gold shares. The last time gold got whacked in ’08, the shares went up by 250% in 9 months. I think we’ll see the same type of action – where the shares may double or triple the performance of gold.”

[fangorn2] 04/7/2013 08:13

SCD Energy raises stake to 19.19%

[1waving] 01/7/2013 20:28

AIM shares to be admitted to ISAs


'The government will amend the ISA regulations in line with the consultation proposal. They will be amended to expand the range of ISA qualifying investments to include company shares admitted to trading on a recognised stock exchange in the EEA. This will meet the main objective of allowing company shares on SME equity markets into the scope of ISA qualifying investments. The government plans to introduce the necessary legislation in July 2013 and it is expected that this will take effect shortly after.'

[chinese investor] 01/7/2013 16:33

Gold Up $77 !

[chinese investor] 01/7/2013 14:12

It's A Start !

[craignet8] 01/7/2013 14:10

Yeah, gold has recovered a whole $12.. after falling $200 last month. :|

[biffbaffboff] 01/7/2013 11:51

If they had sorted out the diesel situation years ago, when they first started muting the possibility of alternative energy sources, then things may be different now. Sugar cane, wind farm, wave farm, shipping in used cooking oil instead of diesel.

[chinese investor] 01/7/2013 05:28

Gold Recovering Quickly !

[andy] 28/6/2013 08:16

The lead prt of that article!

"Dave Paxton is a keen watcher of the gold price, as well he might be, given that it cost Vatukoula more than US$1,650 to produce each of the 28,000-odd ounces that it shipped from its mine in Fiji in the first nine months of 2013.

Underground at Vatukoula
Not surprisingly, the company likes to focus instead on the cost per tonne of ore mined, which remains relatively manageable at US$151, and actually significantly down on the US$185 that it was costing the company to mine a tonne of rock this time last year."

[phoenix1234] 27/6/2013 16:50

$1,200/oz – Gold's last stand