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 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)

A couple of salient points from the latest resources estimate:-

A combined Proven and Probable Mineral Reserve estimate of 1.9 million tonnes of ore grading 10.9 grams of gold per tonne for contained gold of 0.68 million ounces. This is based on a gold price of US$750 per ounce and projected operating costs of US$107
(F$203) per tonne of ore.

A sensitivity that showed potential to increase the Mineral Reserve by approximately 20% if the assumed gold price is increased to US$1,050 per ounce, while other parameters remain constant.


If the gold price holds up at it's present listing of US$1136, that is going to make a substantial difference to the value of the mine isn't it?

am temped to sell 30% just to keep cynic happy..

Now look what you've done! ;o)

had a job to sell took 3 attempts.. must have been busy. happier now nearly half my investment back, so happy to let rest ride and see where we go from now.

that tells it all ..... now imagine there's a fair number of sellers around

I have no problem selling at 2.3235 at present. Perhaps there are not so many sellers!