Couldn't see a thread for vgm following the transition from rvd and now producing gold at Vatukoula in Fiji. Looking to ramp up to a rate of 110,000 oz per annum by mid 2009 with current rate of production probably a little over 60,000 oz per annum.

Making good progress towards their targets.

I'm glad it was you who replied kim and not cynic....lol

:o)

broken well through the 2p barrier today..:))

Can it sustain it? There is no reason to think not at present.

Apart from profit taking of course, which might be a bit premature!

morning kim L2 showing 2.2 to buy ;-))


Vatukoula draws attention

By Neil Hume and Bryce Elder

Published: January 14 2010 02:00 | Last updated: January 14 2010 02:00

Vatukoula Gold Mines was among the most heavily traded small cap shares yesterday as investors digested an independent assessment of the reserves at its gold mine in Fiji.

The company claimed that the resource estimate - the first since the company was readmitted to Aim in March 2008 - showed the company was in possession of a world-class, high-grade gold deposit.

In response, Religare Hichens Harrison increased its target price to 2.7p while Arbuthnot Securities said the company could now be a takeover target.

"At the current valuation, the company's resources make it an attractive acquisition for someone looking to add resources at near the cost of exploration without much of the exploration risk," it said.

Vatukoula rose 7.6 per cent to 1.98p after 142m shares changed hands.

I hope it doesn't get taken over before we reach 10p micky!

here here, any idea who would be in the running to take over?

they would have to put a 15p buy to get it i think ;-)

The Chinese like gold!

2.15p up it goes.

175 million trade gone through O yes L2 here we go ;-)))))))))))

taken out now showing 1,750.000

still this baby going up 4 million buy at 2.2 buying at 2.25 now

:o)
I had a stop loss in place and got taken out at 1.702p yesterday, had to buy back in at 1.99p later! It pays to remember where the stop losses are!!! Still, can't complain, it's been all profit so far.

but VGM remains a very dangerous play ...... it looks very much like a typical lemming-hysteria stock, and once any selling starts, then sp could easily collapse ..... no question that a guaranteed stop-loss would be recommended

anyway, good luck to all who sail in her, but don't get too greedy - remember Poseidon if you're old enough!

chart showing next stop @ 2.72p kim would be nice to see that today then 3.82p it looking strong also tried a dummy trade earlier they would buy 2.500,000 and sell 170,000

Poseidon, yes a classic! That was nickel though wasn't it? This is GOLD! Hahahaha! (Hysterical laugh!)

VGM should have some way to go for the sp to match the quality of the mine IF what we are being told is true, and I have absolutely no reason to believe it is not. But of course, you are right cynic, don't get too greedy.

as i speak 2.3p new high

I don't think we'll see 3p + today micky. But who knows? :o)