Domayoil
29 Jan 2016
Re: Onebd1 I'm really pleased you are still about, familiar good posters are a god send. I wasn't quite so lucky with VGM as was greedy, I bought about £15,000 ..... Obviously a waste of time selling them now. It's just that a letter arrived this week, saying they were offering 3.72 pence.Complete insult as by the time the brokerage charges are included it's like a car crashIt's never in our favour!!!Anyway for your information you have to let them know by the 10th February 2016 in writing if you want to sell them!Personally believe that Gold has another fair drop to come, but I believe we should be above the $1300 within a year or so, when we hit the bottom of the third you should be able to fib it for a forth wave to get that target. Eg $1340 ish perhaps. Who knows????I shall hold on as long as they will allow me to.All in My Honest Opinion if anyone else is reading this. I know nothing!!!!Good Luck Buddy, take some beers to the accountant, they are funny people when they are anebreated, totally different personalities. LOL
onedb1
29 Jan 2016
Re: Onebd1 Yes I hold a small amount Like £2 or £3k down to what is probably just a few quid lol . I haven't actually done anything about them and I totally forgot about VGM . But I have to decide soon I suppose . I need to read up and see what the story is , last I read was a while back . Will catch up over the weekend as it was on my to do list for a year lol Thanks for the reminder. Inland revenue weekend for me ! Morning with the accountant , feels like going to the dentist to me when I have to pay taxes ! I soooo hate it given the speculative nature of my income .
Domayoil
29 Jan 2016
Onebd1 Long time no speak, I trust you are well.Just out of curiosity, did you hold on to these shares?I've still got a shed full, finally worked out where gold should finish its correction on the wave three down, and roughly the time frame. I'm just hoping that we will get offered a better price on the wave four up. They should be making loads of dosh by then!!!
ExpatBill
15 Jan 2016
Re: SOLD! Thanks Steven and good luck to you as well whether you decide to sell or not.I'm sure precious metals will have their day sooner or later when fiat money comes a cropper so I'll be keeping my holdings in HGM and FRES and might add others. I also have some physical gold in store bought through the best online company I could find - [link] strongly recommend them - best possible prices and very low dealing and storage costs. They were also recommended by an online poster I admire - Bill Bonner of The Daily Reckoning;Best regardsBill
Milltig
14 Jan 2016
Re: SOLD! Thanks Bill, that's very helpful, and much appreciated.I wish you luck with your investing elsewhere.Kind regardsSteven
ExpatBill
13 Jan 2016
Re: SOLD! Hi Milltig - The process was extremely simple. Once I got the email informing me that the facility was up and running I emailed my online brokers(not ii but I would think all online brokers will deal similarly), told them to sell my VGM holding and it was done the same day. No need to get a paper certificate first if your certificate is held in an online dealing account.Hope that helpsBill
Milltig
13 Jan 2016
Re: SOLD! HiPresumably you held on iii, so how did you sell via the matched facility, did you have to convert to paper first, and if so, how?Thanks for any advice you can give.RegardsMilltig
ExpatBill
12 Jan 2016
SOLD! The new W H Ireland facility seems be functioning ok - I sold my VGM holding today at 3.72p so this is my last post. Good luck to all those who've decided to hold on and not sell.I've still got a toe in the precious metals department with holdings in FRES and HGM.
ExpatBill
05 Jan 2016
Matched facility set up-dealings from 11Jan Posted on VGM website and dated 24th Dec 2115 -[link]
ExpatBill
24 Nov 2015
Re: Just received from WH Ireland re VGM... Hi Portia - Yes have decided just to take the offer of 3.72p per share . I think the charge by WH Ireland is excessive but I guess it IS a special account that they have had to set up especially for the VGM share purchase scheme so will bite the bullet and pay to sell rather than hold as the future prospects of VGM shares being re-listed look obscure. I'll probably put the proceeds into FRES - a good divi paying mining company and a good play on the silver and gold price.
Emed Brown
23 Nov 2015
Re: AT LAST THE OFFER!!! Hi Chockdee,Im with Hargreaves too, and they have stated that the dealing cost will be divided by how ever many people want to agree to the offer,
Portia123
23 Nov 2015
Re: Just received from WH Ireland re VGM sha... Thanks for the info ExpatBill.Assume your taking up the offer then?Mine are held with a stockbroker in certificate form so I'll be holding. Not honestly sure what to do next or what could eventually pan out. Who knows what the potential is?GL mate.
ExpatBill
20 Nov 2015
Just received from WH Ireland re VGM share sale From: Vatukoula Gold Mines <[email protected]>Date: Fri, 20 Nov 2015 09:44:15 +0000Subject: VGMTo: Dear VGM shareholder,Following your enquiry regarding Vatukoula Gold Mines, we can confirm that we do now expect the offer to come in shortly at the previously advertised rate of 3.72p per VGM share.Once an exact timetable for the offer is confirmed, you will be emailed again with instructions for participating. If your shares are held in CREST (electronic form) by a stockbroker or share dealing service they will need to get in touch with WHI at the appropriate time (the correct contact details at WHI for to be contacted will be circulated at that time). You should ensure that your broker is aware of the proposed transaction and that they are in a position to trade with WHI when the offer is confirmed. No further action is required at this stage if your shares are held in CREST.If your shares are held in certificated form by your stockbroker or share dealing service you should advise them to begin the dematerialisation process as all trading will be carried out via CREST. If you have VGM certificates and do not have access to a stockbroker or share dealing service, please reply to this email asking for client take on forms for WHI and we will make you a client in order to facilitate your trade. To reiterate, please only do this if you do not have an existing account with a stockbroker or share dealing service. If you have previously requested these forms by email or post these should be with you early next week. If you have already returned forms to WHI these are now being processed.Shares will be bought at 3.72 pence, if you wish to trade your VGM shares please see below a breakdown of deal costs for the service:1.95% on the first £10,000 consideration0.50% on the next £15,0000.30% on the excessMinimum commission £50Plus:Fixed Bargain charge of £42.50Please be aware that the total minimum fee to be charged by WH Ireland in relation to any sale of VGM shares is £92.50. If the value of your shares is less than the total minimum dealing costs you may wish to seek advice from a financial adviser, but please be aware that WHI cannot advise shareholders as to the best course of action in this eventuality. If you are a broker / nominee representing a number of clients, you may wish to collate the orders of your clients, to minimise dealing costs, as the above fees are charged on a per trade basis.Please send all further correspondence / queries to this email address rather than phoning the offices of WH Ireland.Kind regards,WH IrelandVatukoula Gold Mines<mailto:>| www.wh-ireland.co.uk
ExpatBill
07 Nov 2015
Latest Just received this email from my broker when I asked about selling my shares - ' I have today spoken to the dealer at W H Ireland. Unfortunately he was notyet in a position to take the order as the matched bargain service is not upand running yet. He is still awaiting confirmation from VGM and hopes thiswill come through in a few weeks but may take longer. He will notify us assoon as he can accept orders and we will notify you in turn at that time.'So the company is not buying the shares at the previously quoted price and it will only be possible to sell or buy through WH Ireland using the matched bargain service.If you have the shares in an online account you don't need to get a certificate - your broker will transfer them directly to the buyer.
FanSan
19 Oct 2015
Re: AT LAST THE OFFER!!! For me, accepting this offer returns 8% on my investment. Better than nothing, I suppose, but I'm not desparate. Vatukoula's cost per oz of gold is a hair below the gold price, so I don't expect a relisting till that moves up considerably.Zhongrun are in it for the long term and might well invest further if they thought they could get a return, and that would dilute the shares for the others of us.Even so, I reckon if the gold price rises 50% sometime over the next 10 years, these shares could come back and quadruple. I'll wait and see.
