Portia123
28 Apr 2016
Re: Operations update due soon ? Received a reply from Vatukoula "dear X thank you for your enquiry regarding the operational update. It will be released when it becomes available"At least he replied I guess and didn't rule it out........maybe I'm being over optimistic?I mentioned a future possibility of a re-listing but he didn't comment......pushing my luck too.GL
Portia123
18 Apr 2016
Re: Operations update due soon ? Hi onedb1.I've sent an email to VGM via the guy who responded several times late last year re any info on operational updates etc. Will post if I hear anything.Decided to keep my shares in the hope that a re-listing becomes a reality in the not to distant future. Selling was hardly worth it.Guess you just never know eh.GL mate.
onedb1
12 Apr 2016
Operations update due soon ? or so I believe . With Gold nicely above the last opex and nearly at all in costs , this quarter may have been quite interesting for VGM !Am still looking at this as am renewing my interesting in Gold mines in general i"lll be looking at other good mines but I am expecting higher gold prices and a possible return to profitability here . Crazily I feel we may see a re-listing in 3 years time . Still on my radar
onedb1
04 Mar 2016
Real shame this is now delisted as today I suspect VGM would be flying ! All in costs for the last quarter were at around $1300 , today gold is at 1272 . Where operating cash costs were at 1121 I am a patient guy 
With the likes of Ray Daglio on Bloomberg yesterday advising investors to have 5% to 10% of their assets in gold ! I can afford some optimism , alas negative rates and more QE are a blessing for gold Bulls From the VGM website "Although the Board of the company and Zhongrun believe that, in the longer term, the prospects for the mine remain attractive, the company’s gold mining operation in Fiji remains a high cost producer in the bottom quartile among its peer producers in the industry. Considerable further investment will be required to develop and expand the mine to a capacity that will enable economies of scale to reduce the unit costs of production to a level which enables an economic return to be achieved. Accordingly, the future of the mine will remain dependent on the financial backing of its major shareholder for the near and medium term, which will have the effect of diluting further the interests of other shareholders. Moreover, it is likely a number of years before the Company will be in a position to pay dividends or provide any sort of shareholder return, both because of the need to first repay the shareholder loans and then to make further significant investment in order to improve the mine operations and reduce production costs."A gold rally will help to reduce the years needed
Portia123
18 Feb 2016
Re: Clarity Thanks for the response RJ. Really no option but cling to hope I guess.Hope that if they ever do turn it around we get to hear about it.P
Rusty Jock
17 Feb 2016
Re: Clarity You would not be able to trade them on the market , if they are unlisted , as is the case right now . Under normal circumstances you would have to wait until the company prospers , and the new owners want to relist the company on the LSE again , maybe to raise new funds for expansion . Some investors have shunned the recenet offer in the hope that the company will relist on the market some time in the future , but it is likely to be a long wait of several years , who knows maybe never !I got caught up in a small goldminer that delisted some years ago , and I was lucky that my broker had a contact in the company who wanted to buy out some small lot shareholders like me for a fair price . Again the chances of this happening with VGM are slim .
Portia123
17 Feb 2016
Clarity Would appreciate if someone could clarify an issue for me.I hold around £18000 and haven't taken up the recent offer as I'm hopeful of a turnaround in fortunes somewhere along the line. If VGM became profitable and they were to benefit from a rise in the POG how would we be able to trade if they aren't listed? Thanks in anticipationP
Domayoil
12 Feb 2016
Re: Gold & Silver Lol. Ive watched 88e from a distance, keeping well away!!!!Agree with what you say, it certainly Sounds as though you are having fun albeit under testing times with these paid de rampers. Sad People!!!!Good luck, keep smiling, enjoy your weekend.
onedb1
12 Feb 2016
Re: Gold & Silver HI D Am pretty familiar with candlesticks lol ! I am with the MTA ( Market Technician Association ) Its the US version of the STA ( the British one ) I often attend both associations and know many members. My first job was dealing interest rate swap options . Am due an exam there too soon lol As for VGM , no sell from my side too . Keeping the holding . Same troubles as you. I hold some AEX sub 1p , I was possibly the original poster there lol So am aware of that .As for AFPO there are some twisted posters out there , who are coordinated shorters . I will let the RNSs that are due do the talking . So am long and staying long , avoid the bbs and the negativity. Chart wise it was a sell once it passed the 200sma or lost the 1.50.1.55 support level. Now its a bit too late to sell to achieve the same RR( risk reward ) IMO Am long and once the first payment is sorted it will recover fast. Look at the depression and euphoria on 88e . Same troubles there .
Domayoil
12 Feb 2016
Re: Gold & Silver Good MorningInteresting what you say about catching the breakouts, in Gold! Take a look at the daily price for Gold in Candlesticks, then Google Harami, not sure if you are familiar with them! ( this is the chart as I write ) can change through the day though!!!!Also the Mact histogram looks horrible.Plus it's just bounced off my 23.6%With the silver price I was shorting because it's just bouncing off the tram lines and also because as far as I can see a few of the big Bruts of the FTSE have near enough hit the fib ratios.Charts are unreal..... How does this work 3-5-3????I'm not mentioning the company but it's dropped 42p recovered a few points then dropped 70p recovered a few points and has now dropped 42p today it's going up. Pfff.As for oil I recon the fall isn't finished yet, maybe down to $22 - $23. Outrageous prediction. But!!!!Back to VGM I spoke to my broker who informed me that many clients had declined the offer to sell due to the high brokerage charges. Quite an insult really.So £14,000 drops to about £1,500 but we will give you £550 after charges.Yes that sounds very fair.....I will wait two maybe three years till they resist on the main market.Thank you for your thoughts on AFPO, I see that they are taking a rest today, so more weakness to come I'm afraid, maybe a bounce on Monday, but after.... Rude words!!!Reason, they opened lower than yesterday's close!!!!!Take a look at AEX. Might be a tip. As you say who knows in this market????
onedb1
12 Feb 2016
Re: Gold & Silver hey D I don't think AFPO is a bad one , and it will prove it . Keep patient but sell if you have to I multi bagged on AFPO actually , and have a residual Long plus new shares . So am in a different position I suppose. At 0,44 am way in the money and banked at 3,4125 a few . As for Gold I was Long at 1156 or 57 can't recall but sold too soon in the 1190s. I have been using trend following and price breakouts to pick a Long and use shorter term breakout to the low for the stop loss . I made a mistake on the trailing stop loss and changed it manually . Other wise the signal is to stay long so far . At least that is how I see it . But you make a very valid point on the Silver / Gold ratio and even Oil / Gold ratio (a sigma 5 there , ie 5 standard deviations from the mean - crazy stuff) The latter implies a near $80 a barrel for oil if we were to return to the mean . I confess to not having an easy life in this unconventional market , negative rates to the level we are seeing is something I have no experience of . Best thing to do in this market is to stay out lol ! Head to the gym , study new technicals etc Stay alive lol
Domayoil
11 Feb 2016
Gold & Silver Hi Onedb1Thought you might have a laugh I was shorting Gold and Silver mid afternoon, I honestly think it's just about peeked for this spike, lost a couple of hundred pounds, the crazy thing is if I'd put the stop a little higher I'd be £200 in credit now!Looking at the main market everything looks like the bottom is in or very close, Eg likes of Banks and Retailers. Maybe another 20pence lower or so on the blue chips & job done!!!Worked out the price for wave four bottom in Silver and Gold, looks like it's all playing out to a tee.Just remember they won't bottom together, they peeked five months apart back in 2011.The thing that gives this mugs rally away is the ratio, it's too high. 79.6 - 1 tonight.Should drop like an anvil!!!!What's happened with AFPO ? Another Big mistake on my part!!!! Botheration !!!!
onedb1
11 Feb 2016
Would be a good time if this was still listed ! Gold rallying and well above cash costs of the last quarter ! The 3.72 offer is now looking very poor ! Glad I did not take it . Have kept my small holding . With low oil prices the next quarter will look even better as gold is rising . Many will not want negative rates ( in the case of Japan even on a 10 year !! ) Seems mad to me . So the punt remains and it may turn out to be glorious . Off to the gym at last , i was a bit ill lately .
onedb1
08 Feb 2016
For those still in , Gold rallying nicely I liked the 31st of Dec dataOperating Cash costs at $1121 . All in at around $1300 Both down from $1478 and $1930 respectively. A significant drop thanks to much lower energy costs . Now with gold rallying the mine has a way to go still to cut costs but its not far off the $1300 mark . I am keeping my shares and will call tomorrow to see what I need to do and the implications. At 3.72p mine are not worth selling and if I did I will use the capital loss to offset the loss in a good year I read that the offer is only available till the 12th of Feb but personally I don't see the point.If Gold surges then the mine becomes profitable again . They will need a lot of luck but it seems doable based on the recent race to the bottom by Central Banks .
onedb1
02 Feb 2016
Re: Onebd1 thanks D I had no idea about the 10th deadline So I have to write to them ? I am not a seller at this price am more interested to see what happens . As if the doom and gloom pundits are right and lets face US debt hitting $19 trillion is scary . Negative rates all over the world etc Not sure what to do. I only had £3k's worth left when they were taken off market . The main part I managed to trade . I'll look into tomorrow .
