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Vatukoula Gold Mines --- Increasing gold production (VGM)     

walden - 03 Feb 2009 09:14

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.

cynic - 10 Apr 2009 07:42 - 18 of 454

agree to differ (sharply) on the better investmnent and potential ...... in fact i don't hold CEY and have not done so for several months, but like to keep an eye on them

required field - 10 Apr 2009 10:23 - 19 of 454

Has anybody read through the operational update : they are hardly making any money at all !, this will peak and then drop....good for a quick in and out...just don't keep them !.

halifax - 10 Apr 2009 12:06 - 20 of 454

rf that depends if bids materialise and the price offerred, directors unlikely to accept a deal pitched lower than 2p inmho.

cynic - 10 Apr 2009 13:42 - 21 of 454

but does anyone think the company is worth any more than twopence!?

required field - 10 Apr 2009 15:37 - 22 of 454

How many shares are there ?....hundreds of millions probably.....more than 750 workers.....not much money coming in....market cap of 10 million at a penny.....if this goes up further ...I would take profits if I was in !.

halifax - 13 Apr 2009 19:49 - 23 of 454

rf if you are not in why are you concerned? Are you a de-ramper or just bitter that you are missing the boat?

cynic - 13 Apr 2009 19:54 - 24 of 454

ah yes .... i forgot .... to halifax, anyone who does not care for "his" companies is perjoratively deemed a deramper

halifax - 13 Apr 2009 19:57 - 25 of 454

cynic glad you have owned up at last!

cynic - 13 Apr 2009 20:12 - 26 of 454

que?

required field - 13 Apr 2009 20:39 - 27 of 454

Halifax, I would jump in straight away if I could make a buck or two....not so sure....reading the RNS's does not inspire....but it may rise just with everybody piling in.....and rise to what level ?, if this goes anywhere 2p...I would say take the profits because the company itself looks like a loser !.

required field - 14 Apr 2009 08:15 - 28 of 454

Well, I missed out on this one...should have got in last Thursday....please take some profits guys !.

cynic - 14 Apr 2009 08:48 - 29 of 454

with a true/live market price of 1.50/1.75 you would be very hard pressed indeed to make any money

2517GEORGE - 14 Apr 2009 08:56 - 30 of 454

cynic, you can sell @ 1.60 and buy @ 1.68, so not quite as bad as the live market price is indicating.
2517

required field - 14 Apr 2009 09:42 - 31 of 454

Those that got in at .95p will have done very well....I should have done the same, but otherwise apart from this takeover, I would not have given this company a second look, it is too late to buy in now !.

halifax - 14 Apr 2009 10:05 - 32 of 454

cynic closed our position nice but small 50% profit, sorry you missed the boat.

cynic - 14 Apr 2009 10:53 - 33 of 454

i'm not as chasing every stock rumour is the road to perdition, but glad you made a decent profit and had the sense to bank same.

overall, i'm not sure quite where gold is headed, as it has relatively little intrinsic (commercial) worth and is primarily driven by sentiment.

2517GEORGE - 16 Apr 2009 10:57 - 34 of 454

Boy am I glad I sold out @ 1.6p, may be a time to revisit later perhaps.
2517

Balerboy - 16 Apr 2009 11:04 - 35 of 454

I waited to see if there was a bit more to come, silly me. still might come right.

2517GEORGE - 16 Apr 2009 11:34 - 36 of 454

Balerboy, I usually do that but I have started to be more disciplined as to when I sell, especially non divi paying minnows, with VGM I bought originally @ 1.02p and doubled up @ 0.68p, so very content. Also took some money from BRR this week although still holding some. I hope VGM come good again for all holders.
2517

security1 - 23 Apr 2009 14:19 - 37 of 454

talk of 2 bids @4p and 1 not showed there hand as soon as 2morrow.buy buy buy
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