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.

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

cynic if we brake 2.44 on days chart this will fly head @ shoulder patten on the cards.

that's a brave call, but not the point i was making anyway

mm giving mid price now on sells somebody whats them

looks like theres a buyer in........ there soaking sell up like a sponge there holding this back i think!! i might be wrong. cynic any views

if you go to L2 you'll see that lowest bid is 2.16 and highest offer is 2.60, but best of both is now 2.40/2.41

2.39p now cynic but yr right

not a bad day after all 200,000,000 traded in one day how bad up .34p if it stay here for a bit will be good for next leg up have a great night to all