Member Info for wraith

Got a fair chunk of my RKH profit buried in DES acreage, i am not uncomfortable with this position. BW

"DES" s/p offers good value in my view, adding myself. BW

Online Data Room Open 4th February 2013 Physical Data Room Open 11th February 2013 http://www.firstenergy.com/page.php?p_id=11&s_id=74&page_type=36&offering_id=71 BW

Thanks for link. BW

Link : http://www.lse.co.uk/share-regulatory-news.asp?shareprice=VGM&ArticleCode=qclyf5lu&ArticleHeadline=Directorate_Change BW

RNS Number : 9283U Vatukoula Gold Mines PLC 04 January 2012 qclyf5lu&ArticleHeadline=Directorate_Change He resigned from the Board to pursue other opportunities. BW

I have held "CEY" in past, do not hold at present. With "VGM" i have two tranches of five bought so far. Agree with your view on chinese, & as you say, not many shares in issue, with the chinese holding 25% of them. BW

I though it was right at sub s/p@31p, at this level, Tax springs to mind, & buying op. BW

So we are targeting 100,000 oz for the Year starting September 2013. Market Cap at £27.92m !! & sell / buy ratio 3.79 to 1. I asume some are selling here, to crystalize Capital Loss for end of Tax Year, if this is the case, they cannot buy back for 30 days. Hmm, think it may be time to put my contrarian view into action here, & buy third tranche of shares. BW

Chairman’s letter to shareholders and Notice of Annual General Meeting http://www.vgmplc.com/downloads/notice-of-agm-2013.pdf BW

http://www.firstenergy.com/page.php?p_id=11&s_id=74&page_type=36&offering_id=71 BW

Ah signs of life, almost forgot we held these. BW

Flyer ( http://www.firstenergy.com/UserFiles/File/Desire_Flyer.pdf ) reads well. BW

http://www.firstenergy.com/page.php?p_id=11&s_id=74&page_type=36&offering_id=71

Bought back the first 40% of my target shareholding (sub s/p@31p) back end of last Year, still have remaining 60% to buy. If they get thier costs down to US$1,000 oz, as indicated in interview 20 / 09 / 2012 ( http://youtu.be/V5wGA8Er4vc ), agree should be onto a winner. BW

Be nice to see the mine development start to produce positive figures here. BW

When we invested our "RKH" profits into "DES" , our Capital Gains Tax position (potential liability at that moment in time) was part of that decision, if "DES" had made an Oil Discovery, the Capital GainsTax liability position would have become insignificant , compared to the probable gains "DES" shares would have made.---- we would only have sold enough "DES" shares, to cover the Tax liability on the "RKH" shares, ------ the other senario is (history) where we are now,------ still plenty of potential for "DES", in my view ( with our "RKH" Tax liability buried in the crystalized "DES" loss), so an ongoing position here, still to play out. BW

Delilah, so thats about 20,000 shares bought at s/p@70p.? Myself also down here at "DES" (£74,000 approx "DES" loss ,---- although fortunately this is counter-balanced by a £97,000 approx profit on "RKH"), --- i crystalized both these loss & profit positions in 2010 (shares held in joint names with my wife) for Tax purposes,------ do not hold any "RKH" at present , have bought some of our "DES" shareholding back. So, as with yourself, will now hold here for "DES" to realize thier acerage potential, & hopefully regaining some of my "DES" loss, in a new Tax Year. :0) BW

Would not be happy with s/p@67p for my "DES" shares. Ah if we could turn back time, http://youtu.be/mEszTzdUMcY BW

Yep, no surprises here, as i said in my post of 05 / 12 / 2012 - " buying for existing mine development ."- At this Market Cap(£30.27m), happy to be holding & buying as Funds allow. BW