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.

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!

back up she go's 1,250.000 @ 2.38p....... 1.40p to buy now cynic theres more to this then just a day trade

161,321.529 traded today so far

I can see why they wanted to give me 2.3235 now; glad I didn't accept it!

167,479,843 now micky.

mid price now 2.44p @ 2.45p to buy kim bet you wish you sold now ha !;-))

Long broker note out today from Hichens, but to summarize the important bit:
"We have increased our gold & silver estimates for the next four years.
Higher than expected gold & silver prices are anticipated as the global economy begins to recover and the risks of deflation subside and the market begins to focus on a world with higher inflation. We retain our BUY recommendation, increased target price of 2.7p (from 2.4p).
On the back of higher than expected 1st quarter grades and higher than expected gold prices we have increased our EBITDA expectations for FY10 by 135% and FY11 by 18%. We expect that quarterly gold production will be volatile for the next 12 months as the average head grade is a function of the number of operating stopes and the recent investment in new mining equipment will take at least six months before enough new stopes can be brought into the mine plan. We retain our full year production forecast of 44koz for the year ending August 31, 2010.
Risks
Key risks to our recommendation include fluctuations in commodity prices, especially gold and crude oil, along with the GBPUSD, USDFJD & AUDUSD"

I'm not selling micky!

Thanks Harry.

not sure how many you guys hold, but though there are 6/8 MMs, none of them offer/bid more than blocks of 50k