Vatukoula Gold Share Discussion Threads

[atlantic57] 13/1/2014 08:48

VGM Share price static and still no quarterly update , disappointing but not surprising given the quality of the Management.

[chinese investor] 13/1/2014 08:44

Gold Price Marches On !

[atlantic57] 10/1/2014 10:05

If you have any clout chase them up.

I am definitely not on their Christmas card list as i have berated them about their 100 000 ounces within 18 months production guidance issued every year for the last 5.

[chinese investor] 10/1/2014 09:00

The news is worryingly late !

[atlantic57] 09/1/2014 12:52

Chinese production will be 25 000 ounces for the quarter to 30/11/2013 at a cost of 900 dollars an ounce what do you think?

[atlantic57] 09/1/2014 12:52

Chinese production will be 25 000 ounces for the quarter to 30/11/2013 at a cost of 900 dollars an ounce what do you think?

[chinese investor] 06/1/2014 11:01

Late News Usually Means Bad News !

[atlantic57] 06/1/2014 10:58

Chinese surprised the Company have not updated the market on the November quarter.
Not that the market is interested based on this bb.

[timgw] 03/1/2014 17:03

Daily info on gold price movement:

[chinese investor] 03/1/2014 08:42

Good Recovery In Gold Price !

[timgw] 31/12/2013 16:33

If you go back to the price before the 1 for 20 adjustment this would be 0.3p in old money! Becoming a penny share agin in 2014 is not beyond the bounds of possibility!

[atlantic57] 31/12/2013 09:55

Will be announced next year hopefully positive short term price target for vgm say
4p long term who knows?

[chinese investor] 31/12/2013 09:20

Where's The Operational Update ?

[atlantic57] 27/12/2013 12:10

Chinese if vgm wait for the new year to announce their operational update then hopefully it will be good.As if it was bad i would suspect that they would announce it at a quiet time ie today or early next week.

However the gold price short term looks weak so i would not expect vgm to be rearated anytime soon.

[chinese investor] 18/12/2013 14:04

Operational Update for Quarter finishing November 2013 Imminent !

[logans run] 12/12/2013 11:08

MARL RIFE BUYING STARTS

marbles1234 12 Dec'13 - 10:25 - 1302 of 1302 0 0

Chinalco, the country's largest aluminum producer by output, has dropped out of the race for Glencore Xstrata's $5.9 billion Las Bambas copper mine in Peru, leaving Minmetals as the front-runner, sources familiar with the matter said.

Commodities trader Glencore agreed this year to sell Las Bambas to secure approval from China's competition authorities for its takeover of miner Xstrata because Beijing feared the merged group would have too much power over the copper market.

A Chinese buyer has been considered a virtual certainty since Las Bambas was put on the block, given the deep pockets of the country's State-owned enterprises and China's hunger for copper – it is already the world's top consumer of the metal.

Chinalco has opted instead to go for Mariana Resources Condor de Oro gold-copper-silver joint venture with Condor Resources And Soledad gold-copper-silver project who have identified multiple Zone mineralisation targets identified with and multiple drilling ongoing .

The bid which is successful could cost cash rich Chinalco upwards of 30p if they are the only lone bidder.

Leading Western miners, by contrast, are under pressure from many investors after ambitious boom-time deals soured and have moved away from complex multibillion-dollar projects such as Las Bambas, one of the largest copper mines to be sold in recent years.

China had also been expected to anoint a preferred bidder – its usual practice – rather than allow Minmetals and Chinalco to submit competing final offers.

[chinese investor] 12/12/2013 11:08

Poised For A Price Explosion !

[chinese investor] 21/11/2013 17:54

Could Dave do 100,000 ozs up the nose annually !

[augustusgloop] 21/11/2013 13:35

Is Dave Paxton in line for a Job at the CO Op bank

He seems just the sort of upstanding citizen they like

[michaelsadvfn] 21/11/2013 10:13

Professor Pettigrew 16 Oct'13 - 11:22 - 823 of 857 0 0

Thank goodness I sold out a long time ago at £2.10.


Me too

Break-even is the new profit you know!!

Pint anyone?

[chinese investor] 21/11/2013 08:09

Looking Good !

[atlantic57] 05/11/2013 15:32

Chinese you are very quiet vgm 'appear' to be fully funded, there is now the minor detail of getting 100 000 ounces of gold out of the ground at 900 dollars an ounce.

[mmelody] 05/11/2013 09:39

Officially owned by the chinese now then

David Paxton, CEO of Vatukoula Gold Mines, commented:

"With the completion of the US$ 20 million financing, we have begun to embark on our capital expansion plans to increase grade and tonnage from underground mining operations. Based on current mine plans and costs, I believe, that we will be able to achieve our long term production target of 100,000 ounces per annum at a cost of below US$900 per ounce"

[chinese investor] 01/11/2013 16:44

But Wait !