Vatukoula Gold Share Discussion Threads

[chinese investor] 04/2/2014 08:56

Up From Here !

[fangorn2] 04/2/2014 08:13

Nice to see Paxton still doing such a great job.

What a disastrous set of results.




How is it that he hasn't been fired yet?

[chesty1] 04/2/2014 07:28

Well that RNS reads awful........

[chinese investor] 03/2/2014 12:28

Go Horsey !

[dataline] 29/1/2014 21:35

Doug Casey: "Gold Stocks Are About to Create a Whole New Class of Millionaires"

[chinese investor] 17/1/2014 16:53

atlantic,
A News Release on Current Production would be very welcome !

[atlantic57] 17/1/2014 16:51

Chinese not unless VGM Start producing more ounces no evidence of that yet.

[chinese investor] 17/1/2014 16:36

Looking Even Better !

[chinese investor] 13/1/2014 23:04

Looking Good !

[atlantic57] 13/1/2014 15:35

I have looked at page 13 i think the figures and projections are out of date.
If you give the Management the benefit of the doubt concerning their ability to accurately pedict anything, given their record of gross incompetence you probably need 12 months from when working capital is available, to see any sustainable improvements.

[atlantic57] 13/1/2014 14:46

Sadly Chinese Mr Paxtons's previous presentations and production guidance as i have said proved to be complete fantasy.

If you are feeling brave you may wish to top up and back your judgement.

However given the long record of consistent failure to meet a single forecast, the majority of investors will probably take a wait and see approach.

Thanks you fro posting.

[atlantic57] 13/1/2014 14:46

Sadly Chinese Mr Paxtons's previous presentations and production guidance as i have said proved to be complete fantasy.

If you are feeling brave you may wish to top up and back your judgement.

However given the long record of consistent failure to meet a single forecast, the majority of investors will probably take a wait and see approach.

Thanks you fro posting.

[chinese investor] 13/1/2014 14:22

atlantic,
Page 13.

[atlantic57] 13/1/2014 14:21

Which 'chart' are you looking at ?

i have been in this Company for 4 years Mr Paxton's past production guidance has proved a complete fantasy.

[chinese investor] 13/1/2014 14:20

I've Done Some Calculations !

Loss On Extraction For The Quarter Was $(80 * 11,400) = $900,000 (i.e. £600,000).
Total Loss Was £4,000,000.
The Difference, £3,400,000, Was Head Office Costs. Exchange Rates Etc.

For The Current Quarter :-
Gain On Extraction Could Be $(250 * 16,000) = $4,000,000 (i.e. £2,600,000).
So We Could Still Be Making A Loss !

[chinese investor] 13/1/2014 13:35

According to the Chart :-
Grades by January 2014 would be 10 grams/tonne - they are 4 !
Cost of Extraction would be under $1,000 per Oz !
Gold Production would be just under 10,000 Oz per Month !

[timgw] 13/1/2014 13:35

Some shares you just have to write off to experience , or stupidity and this is ione of them. It still hurts though even as a tiny percentage of an otherwise good portfolio. No doubt it will go back to 12 (only twelve?!) pence in due course but I shall not be buying any more.

[atlantic57] 13/1/2014 12:57

Melody it may be worth a punt but we need either a or b or both.

a) A rising gold price

b) Evidence that the investment will make a difference to the production ounces.

[mmelody] 13/1/2014 12:50

at sixpence this actually might be worth a punt for next 6 mths

[chinese investor] 13/1/2014 11:12

There are no Working Capital Restraints In The Current Quarter (Dec2013-Feb2014).
Up From Here If Price Of Gold Increases !

[atlantic57] 13/1/2014 10:42

Consistent levels of production results and a lower cost of production.

If Gold ever does 'take off' then even this corpse may come to life