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.

VGM at next minesite presentation on 24th Feb

57th Minesite Mining Forum

Tuesday 24th February 2009

"AIM listed Vatukoula Gold Mines also has some good news for investors as its mine in Fiji is steadily increasing gold production towards a target of 2,000 o! zs a year and cutting costs down to US$600/oz which, though high, is not bad with the current price of gold. This underground mine has been in production for more than 50 years and when money is available to spend on refurbishing plant and equipment costs should fall further."

Think they mean 2,000 oz per week !!!!!!!!

Anyone going?

57th Minesite.com forum
24th February 2009, 9.30 am - 1.30 pm
Armourers' Hall, 81 Coleman Street, EC2R 5BJ
( nearest tube station is Moorgate)

Presenting companies:

*
Vatukoula
*
Cluff Gold
*
ATW Gold
*
Red Rock Resources
*
African Consolidated Resources

Investors can attend this event for FREE. To register click here or email support@minesite.com or call Jen Earle on 0207 562 3381

Not such a good update.
2517

Today's RNS does clear the air.

Reckon we have seen the bottom today.

Strong today, hope that doesn't put the kod on it.
2517

A number of possible offers is the reason for the sp rise.
2517

Competition between bidders will be good for any takeout price.

can't see any bid succeeding under 2p.

I'd be quite happy with 2p+ thank you, oh happy days

whjy would anyone want to buy this tiddly gold mine(r) with hugely expensive extraction costs?

If new equipment purchased production could increasse to 100k ozs pa and costs would fall. market cap 10m, 100kozs gold @ say $800peroz = 60m. QED.

your money but something like CEY is a much better bet

CEY have it all to do, VGM is producing.

agree to differ (sharply) on the better investmnent and potential ...... in fact i don't hold CEY and have not done so for several months, but like to keep an eye on them

Has anybody read through the operational update : they are hardly making any money at all !, this will peak and then drop....good for a quick in and out...just don't keep them !.

rf that depends if bids materialise and the price offerred, directors unlikely to accept a deal pitched lower than 2p inmho.

but does anyone think the company is worth any more than twopence!?

How many shares are there ?....hundreds of millions probably.....more than 750 workers.....not much money coming in....market cap of 10 million at a penny.....if this goes up further ...I would take profits if I was in !.

rf if you are not in why are you concerned? Are you a de-ramper or just bitter that you are missing the boat?

ah yes .... i forgot .... to halifax, anyone who does not care for "his" companies is perjoratively deemed a deramper