Member Info for scubaz

1st level support 38p

what news ?? We already have the chinese investment. Nothing in the pipe line at present??

Who knows but my gut feelling is it will drop back until further news or stay around the 40 to 43p price level

lol, always look on the bright side of life. Of course that depends on what share I am looking at

Thanks for the info. Looking positive

Perhaps you have an interest in talking things down

Vatukoula Gold Mines Plc. (AIM:VGM), the AIM listed gold producer and explorer, is pleased to announce that it has entered into an agreement with Shengen Xintai International Mine Industry Group Co. Ltd. ("Xintai") where Xintai has agreed to invest £10.3 million for the issue of 20 million new ordinary shares, at a premium of approximately 60% over the share price as at 28 August 2012. The financing will be completed in two tranches via the issue of a £3,195,900 convertible loan ("Loan Note") and the issue of 13,812,374 new ordinary shares in the Company at a price of 51.65 pence per share ("Placing") to raise £7,134,091. The Loan Note will automatically convert to 6,187,626 ordinary shares upon closing of the Placing, such that Xintai will invest a total of £10.3 million to acquire a total of 20 million new ordinary shares.

I can see this moving up to the 50 to 60p level as the price of Gold moves up.

there was an announcement that due to the flood that they wouldnt make the 65k target. The RNS was as expected so I am happy enough

Two buys of 175K , very nice :)

However you are posting nothing that we dont know already. We are all entitled to our opinions . The game changer here is the Chinese investors who may well be seeking to take over VGM. They would not be investing if they didnt think VGM could turn a profit. VGM is now massively derisked because of their investment and todays RNS was good news because things are improving and production is on target. So far I have made good profit from VGM so i have no complaints. by all means invest your money some where else that is up to you.

i stand corrected with my £/$ error

you clearly dont have a clue

Just topped up £2k at 40.8p, bargain. The results were as expected and all going to plan. Large buys gone through 100k ,26k, . The 49k sell was a buy at 40.6p. This is being manipulated again. The only reason VGM dropped from the 60p level was because of the flood. At these levels this is a no brainer. If they can get the costs down to around £1200 an Oz then this will be back up to 80por 90p IMHO.

overall I am fairly pleased. they still need to work at getting costs down but they are on the right path

opportunity to top up if they drop it

RNS on target

100 code , I need shares yesterday

Enjoy your hols

thanks, CGH seems to be showing signs of life.