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 not in but if you look at AVM (not in either) : it is only double this market cap and it's a much, much larger company...to my way of thinking a better bet if you take out the speculation on this one.....how much is this producing yet ?....by the way Avocet is close to 100000 ounces per year soon if I'm not mistaken...to me this is overrated.

it was pure greed (and stupidity) that got me into VGM, albeit not for huge amounts ..... i know of rather than about AVM, and have never followed it at all

we could now see this at the next level in a couple of day being 3.82p this is not just PI buying here cynic........ this is looking like mid to long term buying ?

who says?
10m shares = 100k, which to some is not big bananas
and even if it is mid/long-term investment, look how well Mr P has done with his HUGE stake in GOO

cynic there still more coming in 50,000,000 shares have been traded after time was called ........and who the fk is mr.P ? LOL O by the way 10m shares = 249k

i see only 10m + 2.75m traded after hours .... forgot sp was no longer +/-1p!

Mr (P(arvezi) is a professional poker player (i believe) who now owns or did a year ago, about 12.5% of GOO ..... great call for that hand!

That ain't your real name is it cynic... LOL .....i no you like poker and you have been buying GOO on the quiet !:-))...lets hope we have a good day tomorrow unfortunately out all day tomorrow i'm going to be itching .

well another good day today mm still buying in 10,000,000 lots 39m shares traded today P.I must be mad selling these shares @this price 3.82p next stop for tree shake.

Keep the faith mickey! ;o)

hi kim another good day today 90m + shares traded ..its looking more and more intesting... lots of institutes buying now i feel still if anyone no how to make money they do ........like to have a penny for every share they have on vgm

Hi Kim something to look forward tomorrow

Miner to reveal extent of new gold reserves discovered in Fiji

By Mark Leftly


Sunday, 24 January 2010
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Gold Prices Soar in 2010
Free report detailing why the priceof gold is about to sky rocket.
MoneyMorning.com/Gold_Prices




Vatukoula is expected to announce a bumper find of gold tomorrow.


The miner, which is listed on the Alternative Investment Market, wants to expand its main asset, the Fijian mine of the same name that produces 40,000 ounces a year. Its chief executive, David Paxton, is expected to tell the market the company drilled 10 holes in the area, all striking gold.

Shares closed at 2.39p on Friday, down nearly 4 per cent on the start of trading.

RNS to that effect micky!

RNS Number : 0291G
Vatukoula Gold Mines PLC
25 January 2010


25 January 2010 AIM: VGM


Vatukoula Gold Mines plc
("Vatukoula" or "the Company")

Exploration Drilling Results

Vatukoula, (AIM: VGM), the Fijian gold producer, is pleased to announce the initial results from its exploration programme targeting an economic resource suitable for surface mining.
Highlights:
Drilling has identified multiple mineralised structures
Structures interpreted to be open along strike and depth
Selected drill hole intersections include:
MA 738 - 5.35m at 5.97 g/t of Gold
MA 740 - 6.03m at 2.06 g/t of Gold
MA 743 - 2.85m at 5.38 g/t of Gold
MA 747 - 1.45m at 6.57 g/t of Gold
In September 2009 Vatukoula announced that it had begun the surface mining and treatment of near surface oxidised gold mineralisation, and had begun a 10 hole diamond drilling exploration programme near the Korowere hill area targeting the near surface extension of the President Dyke and associated gold mineralisation. All 10 holes have now been drilled under this programme. The drilling results are given in Table 1 below.
Initial drilling intersected multiple mineralised structures around old surface operations specifically around the President Dyke where mineralisation remains open along strike and at depth.
In addition to the current drilling programme, historical surface mapping and drill intercepts will be used to develop an exploration programme to delineate the extent of the mineralisation with a view to estimating a Mineral Resource and possibly a Mineral Reserve for the oxidised mineralisation. Any such resource (and/or reserve) statement prepared in respect of the oxidised mineralisation will be announced if and when completed.
Success in these investigations would lead to a review of all Vatukoula's leases in the wider region for potential oxidised mineralisation and its possible inclusion in the long term mine plan of the Vatukoula Gold Mine.
Importantly, the Mineral Reserve and Mineral Resource estimate announced on 13 January 2010 excludes any oxide material that is presently being evaluated in this exploration programme.

David Paxton, CEO of Vatukoula Gold Mines commented - "We are pleased with the results of the oxide ore exploration to date which have confirmed management's belief in additional near surface gold mineralisation; if this is proved, and is of sufficient scale and grade, it will add to the production profile of the Mine. This exploration work has progressed well and is in conjunction with our continued production of gold from existing operations. Management recognises that it is important to maintain our efforts in increasing production from existing reserves, whilst also exploring the potential to grow the reserve base. We look forward to reporting on our gold production for the quarter in March."
Qualified Person Kiran Morzaria B.Eng. (ACSM), MBA, has reviewed and approved the information contained in this announcement. Kiran holds a Bachelor of Engineering (Industrial Geology) from the Camborne School of Mines and an MBA (Finance) from CASS Business School. Kiran is the Finance Director of Vatukoula.

Enquiries:
Vatukoula Gold Mines plc
David Paxton + 44 20 7016 7861
Kiran Morzaria

W.H. Ireland Limited
David Porter + 44 20 7220 1666
James Joyce

Arbuthnot Securities Limited
John Prior +44 20 7012 2000
Edward Burbidge

Bishopsgate Communications
Michael Kinirons +44 20 7562 3395

Thought this would jump higher and quicker than it has....take over prospects got to better than last time. imo

Slow and easy is the way I like it! :o)

As the RNS is now available on MAM I've removed the Table 1 Drilling Results, hadn't realised how much space it took up!

.

Kim!!!! lol

i'm actually out of these now, but were i a holder, i would be quite concerned that trading volume is pretty low (55m to date) and sp has scarcely moved despite the trumpeted rns

i'm actually out of these now, but were i a holder, i would be quite concerned that trading volume, by recent standards, is relatively subdued (55m to date) and sp has scarcely moved despite the much trumpeted rns

buy orders show up as sell

Vatukoula Gold Mines posts an inaugural gross profit of 1.4m for the year to the end of August.

This compares with a loss of 0.6m in 2008.

Total revenues for the group increased to 18.8m - up from 3.8m last time.

The firm said the improved performance was due to the increase in production and a higher average gold price received of $881 per ounce plus major advances in its ongoing production ramp-up at the Vatukoula gold mine with output totalling 33,757 ounces (2008: 12,847 ounces).

Chief executive David Paxton said: "We continue to believe that this mine can produce 100,000 ounces of gold per year and we believe that the expenditure on significant new machinery and mine development will prove to be a solid long term investment."


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