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.

One thing that they don't mention is the 50 for 1 consolidation due on 8th November. Not that it should, IMO, put off prospective purchasers.

I wont buy them.

I wont buy them.

Check this out for background info
www.vgmplc.com

yesterdays tip in the Telegraph.

http://www.telegraph.co.uk/finance/markets/questor/8096717/Questor-share-tip-Vatukuola-is-a-small-cap-play-on-high-gold-prices.html

Why not Mitzy ?

Walden

Can you put a chart in the header.

Not my sort of share ald.

There is a PE on this stock of only 4.1 !!
The presentation on their website is one of the best I've ever seen.
Certainly worth keeping tabs on when the dust settles a bit { Gold dust!}

my experience of consolidation is sp goes down and hangs for an eternity....

Yes,I must admit I am a bit reluctant,so will wait a bit methinks

Its high in Tom W's Small company Gold Fund portfolio.

Changed my mind and bought a few
Trading over 30 million shares at 11.30 is pretty good going,even for a company valued at 3.7p a share.

Walden

Are you still with us and do you still hold them ?

not bad going...this is a 3 bagger for me so far from a long while ago...onwards and upwards,, my experience of consolidations is not good though... they always go down and languish..let's hope it's different with VGM!

consolidation will get rid of all the day traders this will stabilise the share a lot more for the investor if we do get a 50-1 we could see a 2 price on this with a 3.5 target
they're is a lot more to come from this .

Especially trading on a PE of 4.1

More likely 1.50 then drop back to a 1 on lack of volume. imo

At current prices we are talking of equivalent of 2. per share.

l have been closely monitoring this stock for a while now and quite relieved i resisted in buying following announcement of consolidation . l would have to err on the side of B/B s observations and prognosis in this instance in that share consolidations- esp. short term- rarely advance a companies s/p; and even when they do they seem to take forever. .......But thats not to say i wouldnt buy on any sizeable drop in post consolidation price - as undoubtadly this stock is not without its attractions as illustrated by todays nice percentile gain