Member Info for scubaz

up she goes 33.98p to buy

ticking up 32.98p to buy 32.76p to sell

Buying miners could be a great business China has the biggest currency reserves in the world, but their gold holdings are pretty insignificant. According to the World Gold Council (2010 figures), the EU has nearly 16,000 tonnes; the US over 8,000 tonnes, while China has a trifling 1,000 tonnes. China needs to catch up. They can do that by buying mines. By doing that, they'll also avoid bidding up the price of gold. And that’s a fantastic benefit for China. If they can lock into African gold in the ground at today’s prices, all they need to do is get the stuff out of the ground and they could be building their gold holdings for years to come. I’ve previously argued that the gold miners are cheap. Today, most of the large miners are trading on earnings multiples in the low teens. I’ve not seen them this cheap

OTC have 7.2 million in cash and further investment from Henderson Global back in May

I agree a very good day. Thanks I forgot about OTCs investment here. Interesting article from the "rightside" about chinese companies buying up gold miners. Is VGM a take over target from our recent chinese investors ??

OTC another goldie might fit your over sold brief, have a look at it

on the rise 29.25p to buy

Patience I suppose

Late 80k buy

Just a case of patience before mid thirties to 40p. It lasted over a period of 3 to 4 days the last time. If we get good news that production is on track then VGM could go much further back to 60p good Luck

Whatever, there is a good chance of VGM hitting 40p short term, thats all I am bothered about at present from a TA point of view

Oil aimies can be good but they often hit dusters. RMP tanked from 22p down to 8p, it just shows you what can happen within a few days

It hit 40p on the last rise so with the ftse on a high ,looking good

Looks like you Missed the boat as VGM is on the rise from 25p

201 share sell, "i need shares badly

all buys this morning and yet the price has been lowered 25.7p to buy

No reason for the drop, low volume, I noticed the 200 I need shares signal on wednesday, so it could be being pulled down for a buyer, we shall find out in the next few days

Someone you met in a pub :)

http://www.proactiveinvestors.co.uk/companies/news/44321/vatukoula-gold-approaching-a-tipping-point-in-underground-mine-development-44321.html

directors bought recently at 27p