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.

Looking good!

spoke a bit too soon ! but the momentum is sort of upward !

George, back to 1.40p take over price, maybe not such a bad hold at mo with it climbing slowly up on the back of gold price I suspect, do I get out at peak or hold is the question??

just bought into this little number on the back of the hif takeover approach......cant trade on td on line and showing 4v1..........any longtime holders any ideas what could be going on.

bb just got back this morning from a few days away, this is doing well atm, I'm not in but good luck all, maybe I'll get another chance during october, although 1 or 2 other goldies have caught my eye.
2517

You haven't been getting your legs out as well as Cynic have you geogre?? Tight cycling shorts must be all the rage. Got Toya going, should have sent your daily report to her and she could have posted it along with cynics..... lol :))

Up another 4.6% still climbing.

Looking good !... I'm already 35% up from when I got in a couple of weeks ago..in for the long though as a good story is unfolding here (imho)

New article, click here

Thanks Andy, still hold these. BB

... And watch the SP over the coming months and onwards, this isn't a ramp, results due any time too, today's RNS I think was un-expected, toss this news in with good results due anytime now (supposed to be end of month) and I reckon its a deffinite good buy, check the trades to close today, and watch onwards ....

Yep, it looks to be shaping up nicely!

It's looking good...SP should move up nicely from here in the coming weeks and months..imho

Vatukoula Gold Mines has increased production from its Fiji mine.

It said this followed recent capital expenditure in underground development, underground mining equipment and at its power generating facility.

It mined 24,926 tonnes of underground sulphide ore between 12 October and 23 November with a delivered grade to the mill of 11.22 grams per tonne of gold (8,994 ounces).

The oxide circuit of the mill has mined 21,583 tonnes of open pit oxide ore with a delivered grade to the mill of 1.98 grams per tonne of gold (1,376 ounces).

It said: "These results, in particular the grade being delivered to the mill, are above management expectations for the period and as a result the company's first quarter results are expected by management to show an improvement in both production and cash costs per ounce over the previous quarter."

The company plans to release its operational update for the first quarter in December.

This is turning into more than a little gold mine by the looks of the way things are progressing!

7 December 2009 AIM: VGM

Vatukoula Gold Mines plc

("VGM" or "the Company")


Operational Update for the First Quarter from 1 September 2009 - 30 November 2009


VGM, the AIM-quoted Fijian gold producer, is pleased to announce its' operational update from the wholly-owned Vatukoula Gold Mine in Fiji, highlights include:

Mine net earnings of 1.292 million up from a loss of (1.587) million in the previous quarter (unaudited)
Gold sales of 8,826ozs up from the previous quarter (6,617ozs)
Average realised gold price of US$ 1,096/oz up compared with previous quarter (US$ 929/oz)
Gold recovery of 12,227ozs, up from previous quarter (7,444ozs)
Cash costs of US$584/oz down from the previous quarter (US$1,111/oz) (unaudited)
Capital expenditure during the period was 1.7 million (unaudited)
Signed the Social Assistance Deed and Fiscal Agreement with the Government of Fiji

Great news...bought some more..must be a steel at these levels !

Onward and upwards. Or should that be onward and downwards as it is a mine?! :o)

...The turnaround was partly due to the impact of some planned new equipment but also as a result of the mining of higher grade material (which particularly helped generate a much lower than expected cash cost per ounce). It cannot be guaranteed that such grades will continue being encountered but the gold-in-circuit is expected to be reduced to normal levels in the current quarter and with further equipment and operational benefits still to come, the 1.4p share price continues to fail to reflect the potential production (110,000 ounces per year targeted) and mine life (likely 40 years+). We maintain our 3.7p target price and speculative buy recommendation. www.uk-analyst.com

keep pumping to save the mine.

I like the pumping if it continues to rise, nicely in profit, keep it up willpe.

Every little helps!

RNS from 05 January 2010

Vatukoula Gold Mines Plc
("Vatukoula" or "The Company")
Appointment of Joint Broker



Vatukoula Gold Mines (AIM: VGM), the Fijian gold mining producer, is pleased to announce the appointment of Arbuthnot Securities Limited as joint broker to the Company alongside W.H. Ireland Limited with immediate effect.

Commenting on the appointment, David Paxton, Chief Executive said;

'We're delighted to have appointed Arbuthnot Securities as joint broker to Vatukoula. Their expertise and support will be important as we continue to grow Vatukoula and create further shareholder value.'

Also,

10 fold rise on the way?



Hedge fund firm Toscafund's high-profile founder Martin Hughes is backing online gaming, housebuilders and resource stocks for 2010 but is wary of commercial property and has moved out of retailers.

"Resource stocks are attractive... There may or may not be a bubble in gold (the metal), but if you go back three years gold shares have hardly moved. We expect very favourable announcements."

He said he recently bought into Fijian gold company Vatukoula (VGMS.L).

"Based on management expectations it's on a PER (price/earnings ratio) of just over 1.5 (times), so we expect it to rise 10-fold over the next 12 months."

He also favours online gaming stocks but has switched out of consumer discretionary.