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.

Told you so Cynic, ok just 50% right

Accident and rain hit Vatukoula gold mine

StockMarketWire.com

Shares in Vatukoula, the Fijian based gold producer, have fallen nearly 5% amid speculation of excessive water ingress at the company's Vatukoula gold mine.

Due to the effects of the recent heavy rainfall in Fiji, the country's infrastructure has been impaired. As a result some of the company's employees who live outside of the Vatukoula and Tavua communities have been unable to attend work or have had to attend to their homes.

Ingress of water into the mine has rendered some minor areas inaccessible but otherwise production areas remain unaffected.

On Sunday evening water ingress into the Smith Shaft carried debris into the shaft which at the time was transporting 11 miners in a man-riding cage to the underground workings and in the process causing minor injuries. All of the injured miners were taken to the neighbouring medical clinic.

David Paxton, CEO of Vatukoula Gold Mines, commented: "To date, we believe that there has been no material effect on the production forecasts as a result of the ongoing rains or the minor accident in the shaft."

At 10:15am: (LON:VGM) share price was -1.25p at 53p

Well, it's not too bad, just a bit of rain.

That's what Noah said!

30p now... what a disaster.

They need a big umbrella!

you shouldn't even be in this one - along with a number of other crap shares such as GOO and RRR and FCN

Made good money on this one (and you cynic if my memory serves) when gold was on the up.......BUT like an idiot i went back in for more and got burnt.,.

Sold some time ago with a small profit, should have sold earlier when I would have had a big profit! There is always a chance that VGM will make a decent gold discovery but I will avoid until that happens.

Hey guys,
Found this audio interview with David Karl Paxton, CEO of VATUKOULA GOLD.

Its worth a click:

http://www.brrmedia.co.uk/event/98779/david-karl-paxton-chief-executive-officer

had a little jump today, vgm i mean could this get excited on the run up to xmas.....damn said that word again.,.

Good volume again today with a step up in the right direction.,.

Going TITS up by 25th june any prats like me holding need to sell.......