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I'm new to reading RNS in this company; what exactly does this mean ?
http://investing.thisismoney.co.uk/news/article/id/4475317/ RNS Number : 0180Q Vatukoula Gold Mines PLC 31 October 2012 Price Monitoring Extension Today's closing auction call period has been extended in this security by 5 minutes. Auction call extensions give London Stock Exchange electronic order book users a further opportunity to review the prices and sizes of orders entered in an individual security's closing auction call before the execution occurs. A price monitoring extension is activated when the matching process would have otherwise resulted in an execution price that is a pre-determined percentage above or below the price of the most recent automated execution today. The applicable percentage is set by reference to a security's Millennium Exchange sector. This is set out in the Sector Breakdown tab of the Parameters document at www.londonstockexchange.com/tradingservices This information is provided by RNS The company news service from the London Stock Exchange END
Lets hope so.
Is today when we are to hear about the outcome of the note ?
cheers I think so too.
Hi All- If Xintai have requested an extension to the date of completion of the Placing and the Loan Note until the end of November 2012; how will this effect the sp short term. Is 38p good to get in on ? Thanks.
Forgive me if im having a brain fade moment, but why would the Chinese buy shares at 77p when they are priced at 34p ? Agree I have not read anywhere they are having probs' with water.
Vatukoula Gold Mines Vatukoula Gold Mines' (VGM) second-quarter operational update showed an 8.73% fall in production compared to the previous quarter, partially due to heavy rainfall in January and lower gold recoveries. Combined with a slight fall in received gold price to $1,639 per ounce, this resulted in a 35% fall in profitability to about £900,000. However, the company believes that it is on track to reach 65,000 ounces of production this year. Also during the quarter, the Fiji Sugar Corporation announced that Vatukoula Gold Mines would be partnering in the Rarawai Biomasse Power Project, which could reduce the company's power costs from $0.30 to $0.12 per kilowatt hour.
The $180m project will be funded by London investors through arrangements with VGL.
without compromising the end product, Is only ever a good thing. Savings are all part of growing a business successfully, so the money can be spent elsewhere, or transfered to the profits fund, ultimately returning to shareholders. Good post Oz.
thanks for all the info. I hope the rns is good too.
Wow 400p by December that's a prediction, the highest the price has ever been was 230p mid 2008. I hear VGM are expanding their Chelsea offices..know why ?
darn that internet connection.
Thanks for answering.- But why is the market being punished ? I too am holding many shares since jan @ 76p was hoping for a jump. It topped out @ 92 should have sold, but didn't...since then just a downward turn. What do you predict the update to be in mid march ?
Any one know why the big drop in sp today ? cant find anything in the news.