The best Bull and Bear pitches based on recency and number of recommendations.
Read the most recent pitches from players about VGM.L.
Recs
This share has plumeted in the last 6 months... which is quite an achievement for a gold mine with gold prices riding high. Part of the problem was unrealistic expectations drummed up by the management of getting past the 100,00 ounce mark. A figure that seemed to be plucked out of thin air. While the management can be blamed for that they can't be faulted for the way they've dealt with the legacy issues from the previous mine Owners.
Firstly they bit the bullet on the ex mine workers camped with their families around the site. They paid for their relocation. Not an act of weakness they simply got ahead of the problem and paid up now rather than later.
Secondly they've got a medium to long term plan to reduce power costs. A new power plant is being built locally (sign of a better relationships with the Fijian government). That should end the horrendous cost of having to use generators.
Thirdly they're finallly bringing some sense of order to the mine, the gold resources are still there but the low hanging fruit is gone. The last owners didn't invest in the mind that had to be recitified.
I'm guessing 2012 is going to be pretty stagnent, but they've got a long term plan and it makes sense to me.
Find the members with the highest scoring picks in VGM.L.
BravoBevo (99.92) Score: +94.51
The Score Leader is the player with the highest score across all their picks in VGM.L.
Top Pick |
Member Name |
Member Rating |
Start Date |
Call |
Time Frame |
Start Price |
Stock Gain |
Index Gain |
Score | Commentary |
---|---|---|---|---|---|---|---|---|---|---|
Isledefrance | < 20 | 4/28/2011 | 5Y | $140.75 | -98.37% | +31.05% | -129.42 | 0 Comment | ||
FrenchBistro | < 20 | 5/27/2011 | 5Y | $135.11 | -98.30% | +35.22% | -133.52 | 0 Comment | ||
LuxuryLifestyle | < 20 | 6/10/2011 | 5Y | $119.00 | -98.07% | +35.79% | -133.86 | 0 Comment | ||
WayneLaura | < 20 | 3/15/2011 | 5Y | $155.50 | -98.52% | +37.73% | -136.25 | 0 Comment | ||
100ozRound | 27.52 | 9/1/2010 | 5Y | $94.50 | -97.57% | +52.91% | -150.47 | 0 Comment | ||
shrubage | < 20 | 10/3/2011 | 3Y | $75.25 | -96.94% | +55.11% | -152.06 | 1 Comment |
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