Tom Winnifrith Bearcast: from Sefton to Bidstack, corporate lying is fraud but at last 1 regulator is smelling the coffee
Notes from Underground: The most-read stories of the week, and the dramatic rise and fall of Cannabis stocks
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.
Despite facing certain IT issues this weekend Tom Winnifrith has recorded another video postcard which starts with plans by Vatukoula (VGM) to de-list. Who has gained from this company’s market existence and who loses now?
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
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.
While most Chartists may tell you with great conviction that a stock or market is a buy or sell, it is not always the case that one can see a compelling argument to press the trading button. This is the case for Vatukoula Gold Mines (VGM) at the moment.
Vatukoula Gold Mines (VGM) must have its diehard fans, the sort of people who support Bradford City in the ludicrous hope of a return to playing in the top flight, no one would like to experience is the type of price action for the stock seen in May when the share price effectively doubled and then halved within a space of a couple of weeks. Compared to that watching Bradford must be fun.
Today I ask David Paxton the CEO of Vatukoula Gold (VGM) about the news on 12th August that his company has secured $40 million in new financing from China’s Zhongrun and where it leaves investors with the shares at 8.15p.
This week near 100% share price rise for Vatukoula Gold Mines was flagged not once but twice over the past month on a technical basis on ShareProphets.
Today’s near 100% share price rise for Vatukoula Gold Mines was flagged not once but twice over the past month on a technical basis on ShareProphets. But the question is whether there is more to come?
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.
While it has to be admitted that given the overall construction of Vatukoula Gold Mines shares over the past couple of years would hardly give bulls a warm fuzzy feeling inside, we are at a point where those who are in the mood for a technical buy opportunity might wish to chance their arm.
The cruellest thing that you can say about Vatukoula (VGM) is that at least the downside here is limited to around 9.25p. The kindest thing that is on offer from a technical perspective is that there is the chance, and it is an outside chance, that after what has been a painful and relentless breakdown for the stock in the recent past, it will finally find a floor at 8p.
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.
AIM listed Vatukoula Gold Mines (VGM) is not a tip that has covered me in glory. Yet. I tipped it at 46.5p in November 2008 and although it zoomed ahead thereafter, the shares now trade at 41p valuing it at £40 million. All gold juniors have taken a hammering in the past 18 months but Vatukoula has also failed to hit production targets and so has taken a stock specific hammering as well. But it has cash, is profitable and the current valuation is just crazy. This is a stock that could well double within a year and still be cheap. And this is why.
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