Member Info for itsaduster

Dun with for the eighties..............now for the nineties

Cutting and running

How good can it get ?? Keep on digging. So with tonnage in view with the blitz on development and ore reserve about to take a massive leg up and Head grade probably to double in 18mths ........Whats not to like

Someone picking up 500,000 shares from time to time ........not a one off but persisten tover say 3mths ?? He is clearly happy too have bought into the recent selling Some one making their fortune with contrarian buying. Good for them

My KGI fallen out of bed as well so I expected downward movement here Ft guru says some fortunate people are selling their gold to make up losses on other stock.......makes sence to me

There are plenty of mines which have hit problems......and suffered share price wobbles. My favourite is KGI which did it for me. Started before VGM but again it was an old mine being restarted, also going for 100 000 oz , everything going swimmingly and then the back fill hole collapses and with it the sp. Yum Yum anybody can say oh should of had more than one back fill hole or they should have know it was dodgy and that is all true but they also had production as priority. It kept me in the game as it so happens cos I knew the risks are lways there and the problem was simply one of managing the situation back to normal. Drill a couple of backfill holes and away we go again..........six months later. Check it out KGI Same thing here. The main differences are that KGI is far richer than VGM and it is in Canada. The Investors were still very harsh but once things got back together Ka..boom Looking back it is easy peasy to see the outcome and the same will be true with VGM. The day will come when we will be kicking ourselves for not having more. The big risk of course is it is in indonesia and the sugar plant isnt ordered yet and that is because we dont know if the sugar industry will still be there in 30 yrs.......Another judgement call dont you know The problem with investing is we are always waiting for a share to come in so we can sell and move the dough into all the other super shares we have which we know are about to rocket. respectduster

would someone buy close to 5 million shares. ? I am hoping its some quiet shrewd creapy geologist who is acting on a hunch

I see the buying has been stesdy today and sp on mild up trajectory which will narrow my buying window. so.........sorry I should have agreed with you .........sorry missed the trick

Harsh words m8 Do you have mining background ? I am seeing good steady progress to getting a trully clapped out mine back up and running on a long term and stable operating routine. On reflection I dont think any mistakes were made and The major strategic decisions have proved right........namely to go for production as priority to keep the finances as healthy as possible.........hence oxide plant and leave the crunch development until the mine was humming with crews trained and some money available to pay for it........this amount of development is very expensive. Granted the window was very tight but with the gold price providing a tail wind I think we have made it. Dave I am sure will crack the development issue once and for all now. It will have been bugging him from start. But they have earned the chance and room to deal with it now. We may well look back now and see this as the end of the beginning or the establishment proper of the mine for a long term future and the point at which it actually got its head above water. I think Dave has done very well and his own personal investment is in safe hands as now is mine and I am grateful for he chance to buy more cheep stuff. Still a gold bug as the world struggles to find a stable financial system

Dead as an elephants t==d. Thats what happens when there is no grade

all IMHO and DYOR

This will make a good Xmas present to self World financial system in melt down as tyere is nowhere left to run Fo the world to have a stable store of value gold will be invoked and it will need a minimum vakue of 5x present $2000 oz price This will happen within 15 yrs VGM has gotta be the best value available ie equivalent to old 2p price Wakey wakey

MMs walking it down to 1200p before AGM Scenario 1 1st quater results show production at 100,000oz Au per annum 2nd quater may be better. Post AGM the price will ping up from 1200p to 1400p or 1450p Scenario 2 Alternatively they will put out one of their ''things are going difficult'' reports ( as in the back fill feed hole getting blocked ) and so we are loosing some production ....then price back down to 900p for 3mths and them boom back up to 1500p No big deal just my guess cynicalduster.

I thought crater Mountain was a dud ?? Like 80m at 1gm/tonne Phu......ggggg....spite

Channel trading VGM has decisively broken out of its downward channel Comment from any talented chartists ?/ Next move into up channel trading ? Especially when the accounts for period covering elevated gold price are out.!!

This will make very interesting reading. Oooodles of gold And then the Annual report and production figures.............gotta be a divi there. Notice no selling on price rises......these shares are held by savy investors and institutions looking for long term divis for pension funds etc. Maybe even a special divi

Naa m8 its just bored housewives playing with the rent

The last communication from the Company was for me a very good one. Showing !/3 Holes in ore on surface oxide drilling and Grades 5gm/t to .........was it 13 gm/t Then underground drilling one grade at 27 gm/t .....................really thats good and on such a short time scale........better performance than I am used to. Add the new mining method and stunning development figures. The power plant is badly needed. I am wondering if the powers that be grasp what a game changer it will be. Lots of good quality consultants in London will magic it up . I am back in and will buy consistently monthly ......trying to hit low spots so do some selling if you want .......I need about 3mths to buy back to my origional holding if I dont sell other stuff. cockyduster

Dont like it and are selling up........for now ?? It is sign of the times that such an announcement generates such big net selling. Seems the opinion that holds sway is that profits can only come from the coffers of a take over merchant and not PIs and institutions bidding the price up. Hells bells it come to that !!

Good regular didis in sight here so pension funds will be making plans to load up.