Member Info for TonyBaby

Can't argue with long term trend re price drop.. but they are investing for longer term and rejuvinating the mine has undoubtedly impacted on gold production/profit. Cost of extraction "should" reduce in line with reduction in development work and "hopefully" settle down at a reasonably profitable level. When/If that update comes then this will make investors a tidy profit. As I have already said I have all my funds tied up elsewhere so can't get in at the moment. Selfishly I am hoping for a lacklustre RNS. I think this is a good buy at this price, especially if they announce better production figures. DYOR etc GLA

I do put most off my free money into beer, dog and lcl to be prcise. I think I also had a run in with scubaz after last ops update I have said several times on this bb thst to get anywhere they need to sort out a decent power supply, but note squeak about it for about 18 months. I sold after last update so dont hold at the mo. Still think it may be worth a punt at these levels onceI free up some cash.

We should find out in the next couple off days, quarterly update due!

Your not thinking off taking emma? To Aussie are you?

Fingers too big for phone! Need biomass power plant to move this, will be back in asap

Is the key here. Allthe development in the world won't dent production costs that's much. Not sign off the biomass put station though. Not invested at the most. But once mta get their act together I will bed back especially at these prices. A couple off weeks till production update due 19/3

Currently using deisel generators from memory. Plans to build biomass power plant along with fiji gov/sugar corp. Last we heard was vgm were going to arrange finance. Once built costs of power/overall production w ould reduce significantly

Due 19 March 2013... Assuming no unexpected news this will hover/drift around these levels until beginning of the month. I will be keeping an eye on it and any drop before then I will probably dip my toe in.. Still waiting for news of power plant though, which remains a game changer... IMHO DYOR etc..... Suarez is a cheat.....

due. Agree this is tempting but a risk they will fail to deliver on quarterly target. Coupled with that any bad news re. Recent bad weather could send this tumbling. Hope not as I still have a small interest. Great long term investment though. Dyor etc etc

The last quarterly report indicated that development drilling was either on or ahead of target and that they expected to increase production in H2 of this calendar year. Assuming no surprises beteween now and mid December and they deliver on the above I will be of the view that they have turned a corner. But let's be honest the game changer is the biomass plant and info. on that is scarce! If VGM read this BB then a little update on finance etc would be welcome if only to show something is happening! I am out of this at the moment but will consider a few £ early December especially if SP begins to drift. GLA DYOR etc etc

WHERE ARE YOU??? WHAT NEXT IN YOUR OPINION?

...I told you, day traders may have made a tidy profit today. Anyone who has been caught out hold if you can. It's will come good in time! But when nobody knows! DYOR etc

the SP will stablise tomorrow.

NOT SHORT TERM BUT YOU ARE A TRIER I'LL GIVE YOU THAT!

Posted by Gilotron today, worth a read. http://www.vgmplc.com/downloads/cg-mining-daily-19-september-2012.pdf

No interest in talking this down at all, as I said in my first post beleive in long term and have put my shares under the bed, even if it did hit 60p I would not be selling because it will be worth a lot more if they eventually stick to a timescale and get to 100k oz. If it drops further, which I think it will in the absence of any news, then I MAY top up, but on the understanding that it is more money under the bed! Again in line with my first post. 3 things might pull this up short term as you know: A takeaway (Where is the evidence of an imminent takeover?) Power plant approved (most likely IMHO) Incresae in resource estimates I doubt that the price of gold will have much of an impact,we are not producing much! Your reply to Mercedes was interesting, the market knows all about the dilution it must be factored in. The market is disappointed at more missed targets plain and simple. Again I reiterate a good long term hold, but be wary of buying in just yet. IMHO DYOR etc..

In the update following the flood they stated 2-3K oz lost production and they would keep overall shortfall in relation to 65K oz to a minimum. They have since lost another 9K oz. Best possible expalnation is they have shifted short term emphasis otherwise something else is going on which would not be good. Market does not seem to agree with a Chinese takeaway, SP has dropped ever since they became involoved! Market does not seem impressed with RNS SP down! I will not be adding to my holding unless it retreats to the 30s and would caution anyone adding at these prices some posters seem to be looking at this through very rose tinted glasses and anyone who has made a profit cant have been in long and must have been trading in the last few months. Perhaps they already have an interest in talking things up. Just athought! DYOR

Firstly long term I also beleive this is a good investmen and take the point made re chinese investors but.... The RNS is disappointing for the following reasons: Mined tonnage is up but we are mining rock not gold When the flood impacted production we were told in the relevant RNS that in remaining period VGM would make up the2-3Koz shortfall. Their target was 65K oz, they hit 53K oz. Unless I have missed something that is a pretty big shortfall, with only 3k oz accounted for? Any views on the other 9K oz?. The 100k oz target seems to have moved to the right. They predict they will get up to that production levels in H2 this current year so 100k oz, if achieved will be August 2014. No target for 2012/13 as far as I can see? Could it be Chinese influence has it increased the focus on sorting the mine out sort term and not necessarily bothering about gold production/profit at the moment? Finally no mention of the power plant? How long does financing, which we were going to arrange, take. That plant must also be 2 years off and that means continuing high production costs. Other than Chinese takeaway, power plantapproval I can't see this moving higher short term. I think I will be putting these shares under my bed for the next two years I'm afraid. Can anyone shed a more optimistic light on the RNS particularly the timeline?

should be 14th not 17th December 2011, presumably early because of Xmas?

If you look at past 4 RNS re above they have come out on 19th, 19th, 17th and 21st of the months, so suggests any day now. All issued a 7.00am, so keep your alarm on!