Vatukoula Gold Share Discussion Threads

[chinese investor] 01/10/2013 10:03

DateOz MinedAug 2013 11,442May 2013 9,005Feb 2013 8,861Nov 2012 10,549Aug 2012 11,763May 2012 (WET)11,390Feb 201214,315Nov 201115,684Aug 201110,670Cash Cost per Oz ($)1,3931,8121,6881,5901,7952,0341,4261,5901,479Cash Realised per Oz ($)1,3171,4741,6361,7211,5981,6221,7211,6441,636

[chinese investor] 01/10/2013 09:46

Gekks,
Agreed and agreed !

[chinese investor] 01/10/2013 09:45

epiphany,
The Quarterly Costs have been Slashed.
It's looking Good !

[gekks] 01/10/2013 09:45

Doesnt the RNS state they are seeking an exception to that ? I wouldnt want to be taken out at 15p when there is a bit of light appearing after a painful 3 years ..

[chinese investor] 01/10/2013 09:43

The Quarterly Figures are really Good !

Gekks,
Zhongrun may be obliged to make an offer !

[epiphany99] 01/10/2013 09:42

I have been watching this one for about a month and am thinking about buying in.

Please do post your thoughts CI

[atlantic57] 01/10/2013 09:41

No the production target is always a few months away but we never get there

[gekks] 01/10/2013 09:40

Its going in the right direction, as long as we dont get bought out at silly price - which would presumably still be much higher than the present price.

[fangorn2] 01/10/2013 09:38

Vatukoula Gold Mines PLC Update on Investment Agreement



Operational Update and Q4 Results



See the numbers are still appalling. Paxo done a great job of value destruction over the years.

Underlying operating (loss) (GBP'000) (12,304) (6,598)
Cash cost per ounce shipped (US$/ounce) 1,606 1,643

David Paxton, CEO of Vatukoula Gold Mines, commented:
"During the last twelve months we have embarked on controlling costs and setting the foundation for futuregrowth. While we finalised the long-term financing announced on 12 August, Q4 production remained at a restricted rate. Nonetheless our continued cost controls and higher grades delivered from underground lowered our cash costs per ounce by some 23% over Q3

Does anyone believe this guy is able to deliver?

[chinese investor] 01/10/2013 09:37

epiphany,
I'm pouring over the figures ATM !
They look good !

[epiphany99] 01/10/2013 09:36

So what do you make of that CI?

[chinese investor] 01/10/2013 09:31

15p Coming !

"As the investment agreement had not completed by the 30 September 2013 and on completion Zhongrun will hold approximately 66% of the voting rights of the Company, completion will be subject to a waiver of the obligation for Zhongrun, under Rule 9 of the Code, to make an offer for all the ordinary shares of the Company not owned by Zhongrun."

[atlantic57] 20/9/2013 12:54

Shavian i am very impressed with Peter Webb he is doing a great job.

[shavian] 20/9/2013 08:50

Atlantic, at least Peter Webb who is now restructuring the former T1PS fund is a proper fund manager with a great track record. He was saddled by TW with various heaps of rubbish like this one and Norseman; his largest holding in now Noricum. Worth following imo.

[atlantic57] 18/9/2013 08:48

Yes Charles they are indeed astute investors.How that will benefit private shareholders is an open question.

[charles clore] 17/9/2013 12:55

Don't underestimate the Chinese who are very shrewd investors and they love gold!

[fangorn2] 11/9/2013 14:35

The first tranche funding of 188,897,000 of new ordinary shares at a price of 6.897 pence per share by the Company for gross proceeds of approximately GBP13 million was subject to the approval of Vatukoula and Zhongrun shareholders.

The Company is awaiting receipt of funds from Zhongrun following these approvals and on receipt will announce the completion of the first tranche and admission of shares to AIM. Zhongrun is awaiting approval of the transfer of funds by the State Administration of Foreign Exchange (SAFE) of the Peoples Republic of China. It is expected that this approval will be received by 30 September 2013.

[atlantic57] 10/9/2013 07:58

Chinese what was the t1ps fund have sold their entire holding at a big loss.
They clearly do not have any confidence in the dynamic duo leading us to the promised land of 100 000 ounces at less than 1000 dollars an ounce production cost.

This prophecy was first given 3 plus years ago Maybe Paxton should change his name to moses to inspire more faith or better still spend more time with his familly.

[chinese investor] 03/9/2013 19:20

Silver,
It's in the header !

[silversoldier] 03/9/2013 18:43

Hi all, taking a look at vgm again after many years! Any idea total number of shares in issue following the financing arrangement?

[atlantic57] 27/8/2013 18:18

Chinese Paxton and the Finance director surely need to leave the Company.
Without That any future 'predictions on production guidance' lack any credibility.

[jgp212] 27/8/2013 14:57

Thanks for the info, I'm currently holding this
stock for the medium term.

Good luck with your investment.

[chinese investor] 27/8/2013 14:51

jgp212,
I'm Accumulating VGM !
Now that the Company has enough cash for the next few years it will do VERY well if the price of gold rockets (which is being predicted by many) !