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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Vatukoula Gold | LSE:VGM | London | Ordinary Share | GB00B52ZLG09 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 2.30 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
17/4/2014 13:53 | Femals can you paste the link as you need to be registered to get on to the site. | atlantic57 | |
17/4/2014 13:43 | Will there be a Production Quarterly RNS at 16:35 today ! | chinese investor | |
16/4/2014 11:52 | Ac123 the points you make are valid . However unless and until we get some positive news Vgm are not going anywhere. I have reread Paxtons resignation statement and will now seek medical help. He has left the company on its knees with a mountain of debt increased the number of shares in issue and production is pretty much unchanged from 5 years ago ,yet he is proud of his work. I must be missing something! His most damaging legacy is the constant production guidance he gave with no apology or explanation as to why he got it so wrong. | atlantic57 | |
16/4/2014 09:42 | While I agree with the above that the outlook looks grim, I would point out the following : 1. Post 990 states that, because of funding delay, VGM have not yet 'started the journey to increase production.' But they have had the $20m equity component, completed Nov 2013. So I would hope VGM have at least made some progress. 2. Posts 983 and 984 talk about de-listing. But the other Chinese mob, SCD Energy, bought in at 15p (RNS 17 Jun 13). They own 8.6% of shares. Would they wish to sell out at less than their purchase price? It's all still seat of the pants, but we are awaiting 2 bits of news - last quarter's production, and first installment of loan funding (due end Apr). | ac123 | |
15/4/2014 17:18 | atlantic, the institutional managers had to rely on information supplied by the directors. It is clear now that they outright lied. I stated on here that the last flood did much more damage than was admitted to. The directors flatly denied this. However look at the production profile - it dropped in that quarter and never recovered. Just after this - they took two respected advfn posters to the mine to show that there was no problem. That was a despicable act that turned out to be a total deception. Those guys lost big on their investment. Dave Paxton could look you in the eye and tell you black is white. A skill that he made much use of in his position as VGM CEO. | augustusgloop | |
15/4/2014 16:59 | The Performance over the last 5 years has been a 'shocker' apart from a couple of quarters which were just blips. As Vgm has been desperately short of working capital we can't expect any thing other than poor results. With adequate working capital there was a possibility that they may have been able to turn the corner, but based on past promises , the odds do not look great. However as i previously alluded to Institutional investors were prepared to put money in at much higher prices eg £1.68 so they must have thought that they could achieve what was being promised. | atlantic57 | |
15/4/2014 16:29 | CI Share price would indicate that as well as two director "resignations". | bulldog30 | |
15/4/2014 07:52 | The Delayed Production Update for the Three Months to Feb 2014 will be a Shocker IMO ! | chinese investor | |
15/4/2014 07:38 | August loop Your views`are well documented on this and other Boards.There is no doubt that those who accepted the comments you have made would have saved themselves a considerable amount of money! However from memory i think you accepted the story NSG. I Can understand Private investors believing Management. However i am surprised that various major financial institutions have invested in vgm at the prices listed above, surely they carried out basic due diligence. | atlantic57 | |
14/4/2014 22:54 | This is what the liars said in Feb 2010 - and variations pretty much every year since. The new forecasts in the presentation seem just to be a rehash of the pie in the sky wishes. But this time there is more money being spent (but bare in mind that they claimed that they had enough after each fundraising) . "Efforts have been made as outlined above and continue to be made to ramp up production to a targeted total production of 60,000 ounces of gold by August 2010 and at a rate of 100,000 ounces per annum by the beginning of 2011. As we have outlined - this year was focused on developing the mine and sourcing the new equipment that will in the long term facilitate effective and consistent gold production. With production stabilising, we are confident that the Vatukoula mine will produce profitably and the efforts and considerable investment of finance outlaid this year will prove to be worthwhile for both the mine and our shareholders. " | augustusgloop | |
14/4/2014 21:59 | Chinese I suggest you alter the header to reflect reality rather than hope. The delay in the Chinese funding means that we have not yet started the journey to increase production. With Paxton gone and Chinese executives in the key positions and Chinese investors holding a major stake it does not look very promising for private shareholders still left. I foolishly believed Paxtons production guidance and his 2 year plan ending 1 April 2013. I can only blame myself and having lost 95per cent of my investment the last 5 percent looks likely to go , such is life. | atlantic57 | |
14/4/2014 17:13 | Colin Orr-Ewing left a year ago ! | chinese investor | |
14/4/2014 16:57 | Private investors are entirely dependent on Zongun. | atlantic57 | |
14/4/2014 15:53 | Delisting almost inevitable and Morzaria/Orr-Ewing will be unable to stop it. Alternative would be low ball bid from the Chinese or worse. | bulldog30 | |
14/4/2014 15:27 | Lol there've been serious problems for years at this gaff. Paxton ran the company into the ground. | fangorn2 | |
14/4/2014 15:23 | If these numbers are true we have huge problems ! | chinese investor | |
14/4/2014 14:55 | A Delisting must be a distinct possibility with perhaps a listing in honk kong. | atlantic57 | |
14/4/2014 13:05 | Will the company go private now ? | chinese investor | |
14/4/2014 08:04 | Yuen Low of Shore Capital expects shares to fall on this news. | bulldog30 | |
14/4/2014 08:00 | Thank goodness I sold at break-even....it's the new profit you know!! | michaelsadvfn | |
14/4/2014 07:56 | Releasing the rns at 4 31 on a Friday says it all. | atlantic57 | |
14/4/2014 07:54 | At the opening it will go up or down. Can't wait ! | chinese investor | |
11/4/2014 19:28 | At long last Paxton is gone but years of false dawns too late. PI's have been diluted to oblivion due to his gross mismanagement. It remains to be seen if the Chinese or anyone else can make a go of this mine or if it is just a glorified hole in the ground for fools to pour money into ..... | stevea171 |
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