3613 days ago
Lucian Miers says that he does not like to meet companies. He is all too aware that part of the job of a CEO is to butter up potential investors, or to persuade bears not to go short. CEO’s are paid large sums to be charming and persuasive and Lucian is concerned that they will manage to schmooze him into making a bad call. I take a different view.
Maybe Lucian is cleverer than I am but I am invariably unable to figure out exactly how a company works, what drives its growth, determines its cash collection, etc. unless I meet the company. The annual report and all the RNS statement in the world are not, on their own, enough to give me a full understanding of how a company runs.
And then there is the x factor – management.
3621 days ago
It is better as a tipster to admit you are wrong and say sell (and get abuse) than to hang on and be proved you were wrong. I am thus glad to have advised folks to sell their Vatukoula (VGM) shares at 4.55p on May 7th HERE
One reason for that sell call was a fear that the 66% shareholder, China’s Zhongun, would – having forced the two Westerners off the board – delist. And lo and behold, 23 days later the directors have decided that it is in the best interests of the company to delist.
3645 days ago
I met up yesterday with a chap who was until recently very familiar with the goings on at AIM listed (*for now) Fijian gold miner Vatukoula (VGM) but naturally I shall not expose my source. Anyhow, he has sold all his shares in Vatukoula and even at 4.55p I suggest that you do the same.
The reason is two fold.
3997 days ago
ShareProphets can exclusively reveal that AIM listed gold miner Vatakoula (VGM) has negotiated a deal whereby a major Chinese mining group will invest £4.5 million at 15p per share – this compares to a Friday share price of 6.5p.
4188 days ago
Vatukoula Gold Mines (LSE:VGM) has today announced that it has completed its botched replacement placing to raise £6.6 million gross from Chinese investor Zhongrun International Mining Co. Ltd at 33p a pop. The shares are now 32.5p. I can understand why folks are giving up on this one. Numerous placings – including this rather botched one ( Zhongrun came into replace another Chinese outfit which did not stump up its promised shekels in a 51p placing) – and numerous project delays. But I would not give up. This was a bad share tip from my t1ps.com days (I am 35% down) but I’d buy more and here is why.
4196 days ago
Another day and another placing from AIM listed gold miner Vatukoula (VGM). The shares are down to 35p and given the convoluted circumstances of this placing I can understand why some are tempted to sell and move on. Having recommended the shares at 46.5p on t1ps.com, the site I founded 12 years ago and edited until September I am not best pleased. However I would not be selling, I’d be buying and here is why.
4206 days ago
Golden Prospect Precious Metals (GPPM) is an investment company which invests in gold and silver stocks. Its chairman is the industry guru Malcolm Burne and his statement with today’s interims is a must read for anyone interested in gold and gold stocks. The financials themselves are interesting but it is the statement from chairman Burne that is of most note. It gives you a clear steer on which gold stocks to buy and which to sell as the sector splits in two over the coming year. Let me explain
