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.

Hoped you bank some substantial profit Friday @ 4.4p CP

VGM at 201 What the hell has happened
edit: forgot consolidation.

What was closing price yesterday?
Was it 4.2p
At that price it sshould have been opening at 210

Roaring on at 235

Consolidation, at the moment, does not seem to have done any harm!

but we new this kim,... nice to see long trem money paying off would be nice to see 3 for next month

pleased i bought in at 4.23 yesterday could be a nice xmas present for her indoors

Awesome.

Gold now over 1400 bucks an ounce.
And,VGM looks to be a little gold mine if you will pardon the pun.
What was all that crap about a fall on consolidation?

Always wrong me.....gla

this is a no brianer 3 end of next month

It's true, there is a lot of potential here barring problems at the mine, they do seem to have got on top of their various problems though. Good for them!

Did anybody have trouble with their brokers not updating your portfolio ?

still waiting myself

Me too!

Amazing, updated the second I posted!! There must be a spy in the camp. :o)

On the retreat now, probably back to 2.20p old value of share, hope you all took profit.,.

now things are looking good

Vatukoula Gold Mines
* Plans 50-to-1 share consolidation (In U.S. dollars unless noted)

TORONTO, Nov 3 (Reuters) - Vatukoula Gold Mines (LSE: VGM.L - news) , a small gold producer listed on London's AIM exchange, hopes to be co-listed on a North American stock exchange by late January as it pursues more exposure to global mining investors, Chief Executive Dave Paxton said in an interview on Wednesday.

He would not say which exchange he was targeting, saying only that he would file his application in early December. But more than 30 percent of Vatukoula's investor base is in Toronto, with 18.3 percent of that in the hands of Sprott Asset Management.

Toronto is also home to the greatest concentration of mining-orientated capital in the world and has become a magnet for foreign companies seeking greater exposure during an extended run-up in metals prices, especially in gold.

Gold prices are near record highs, trading at $1,341 per ounce on Wednesday afternoon in New York.

"We think we would be a good fit for the North American market," Paxton said of the listing that would still see the company regulated by AIM, a sub-market of the London Stock Exchange.

A North American listing by Vatukoula would also follow shortly on an expected 50-for-1 share consolidation to about 80 million shares from about 4 billion currently.

Vatukoula is the 100-percent owner of a 74-year-old gold mine by the same name in Fiji, where it is producing about 50,000 ounces of gold a year with the aim of doubling that amount soon.

BACK TO LIFE

Paxton became the company's CEO in November 2008, with the first order of business to raise cash and bring the underground mine back to life after it was closed by the previous owners in 2006.

A key investor in that effort was Eric Sprott, one of Canada's best-known fund managers whose firm has maintained its stake in the company with successive financings after an initial buy-in two years ago.

Since then, the company has spent $6 million a year in development costs, and will spend about $10 million in the current fiscal year, which began in August.

"Now we have 13 million pounds ($21 million) and we are generating profits," Paxton said. The company has a market capitalization these days of about 160 million pounds.

He expects Vatukoula to produce 25,000 oz of gold a quarter by the end of its second fiscal quarter, in late February.

At 100,000 ounces a year in output, the deposit has a mine life of 43 years, Paxton said.

He said further exploration would likely lead to the construction of a second mine shaft at a cost of about $30 million and with a view to eventually raise output to 200,000 ounces a year. (Editing by Peter Galloway)

hope you took profits yesterday.,.

......