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.

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.,.

......

Don't be silly.VGm prospects look great.

November 2010

43 Years of Stockmarket Experience writes...

Gold is at $1404 oz. Silver is at $27.90. The NAV of your fund has raced ahead in 62 weeks from 100p to 181.1206p and we hope that the best is yet to come, the fundamentals driving Golds rally are as strong as ever.

Gold is pushing upwards, and we believe that due to operational gearing the Fund will continue to do so too! Last week we saw 'Obamanomics' at its finest. After a trouncing in the Mid Terms, which will see Obamas flagship legislature unpicked by the Red House of Reps, and a now two year long period of bureaucratic stalemate, the Fed announced on Wednesday the clearing of the route for a second bout of Quantitative Easing. So the dollar will be devalued rapidly. And we believe that this is a process that has a couple of years to run. But no trading nation can afford its currency to be uncompetitive and so the G20 squabbles like ferrets in a sack as the great nations of the world engage in competitive devaluation.

The pickle that the US finds itself in will eventually lead to the demise of the Dollar as the World's currency. In the meantime it'll see Gold, and Silver for that fact, whiz further ahead. By some measures US unemployment has reached circa 20%, and the real scale of the debt that the US faces is yet to be realised by most Americans. In the next decade the US HAS to completely refinance itself to stay afloat. The state of the economy is that as of the moment, America's second largest Creditor is China, with the Treasury in the top spot. After America's continued attempts at currency devaluation, the US is, needless to say no longer in the PRCs good books.

At some point in the future the Chinese will decline to further the funding of their main Currency competitor. The World however is currently not yet ready to trust the Renminbi. Until the time that it does we will continue to see Investors fly from Cash and cash denominated investments to hard Asset classes, i.e. Gold, Silver, etcetera. We are even seeing Oil creep closer to $100 barrel.

The reason for the flight to safe haven asset classes is that the US, plus the majority of the Western World (including Japan), are so heavily indebted that there is no other feasible option but to maintain miniscule interest rates while devaluing paper currency to whittle away at the 'real' value of their debts. To draw upon the words of John Maynard Keynes 'Belligerent Governments, unable, or too timid or short-sighted to secure from loans or taxes the resources they require, print notes for the balance'. The US has exhausted its tax policies, and almost its debt capabilities, and instead of tightly reigning in decadent spending and promoting pro-business legislature (like for example China has), the US has decided to electronically credit its account with Dollars. The result is 'monetary dilution'. Put simply, in these untoward circumstances the Dollar in the pocket today will be worth less tomorrow ( to misquote Harold Wilson). The fundament al reason for this is that as more currency finds itself in circulation, Inflation ensues. Inflation has, until recently, not been taken seriously. We have recently identified that numerous wholesale commodity prices are increasingly on the way up. For example, Agricultural Raw Materials are up 24%, Coffee 45%, Barley 32%, Beef 23% and Sugar 24%. For the naysayers of Inflation, how long will it be before we see these increases at wholesale level trickle down to the more familiar retail prices? On a trivial level Next is set to put its clothes prices up by 8% as of next year.

More seriously, the argument for Gold has never been so compelling. Accordingly, this month we have taken part in the placing of a new investment vehicle with a mandate to invest in Gold stocks (more on that later). Tom is at the helm of the astutely selected stock portfolio. We reckon Gold and Silver will continue to push on higher. Your Fund is the top performing Unit Trust in its class with a year to date increase of 73.4%, dramatically outperforming Golds year to date increase of 26.9%. Since launch the Fund is is up by 81.12%. Of course past performance is not a reliable indicator of future results and we would like to draw your attention the important risk warning at the end of this message. In light of this our investment strategy remains in tact and stable. We are not deviating; we continue to add to our attractively priced holdings as and when we feel it appropriate. This month we have been nibbling at and compounding our positions in, amongst others, Ariana, Ovoca, Norseman, and Angel Mining.

You may say ''but we are in a frenzy''. Having seen many frenzies during a 43 year stockmarket career I can say for sure that we are not. In terms of gold we are still 30% below the real all time high price. When a frenzy starts gold will shoot ahead in a straight line gaining $50 in a session. And then the next. And then the next. The climax of any upswing is always that dramatic. What we see now is a $20 gain one day and then a $10 retreat. The trend is up but it is not straight line. It is not climactic. And in terms of equities: where is the bid frenzy that marks the top of any rally? Where are the quite ludicrous movements on the basis of mere rumour? Has your postman told you to buy gold stocks yet? Yes there is enthusiasm for the sector but not madness. Not even signs of it. We are still in the foothills of a major movement.

Robert Sutherland-Smith

That maybe so, but VGM is a buy at 210 or less imo

Going down down down......

dogs and fleas as with SOLG

Cynic is being cryptic

part of life aldwick in more ways then one

not really - you're just being thick!
both VGM and SOLG are dogs which have had their recent moment of glory ..... if you sleep with dogs, you get fleas, which i dare say several of you now have

Sold a few this morning as this has been a 3+ bagger form me so far...will run the rest and see what happens!....

Put some of the proceeds into TWL...don't know why..pure punt only..may come good very shortly..

not in here cyners....took my profit long ago..