Last A$0.05 AUD
Change Today 0.00 / 0.00%
Volume 0.0
As of 6:09 PM 11/25/14 All times are local (Market data is delayed by at least 15 minutes).

vantage goldfields ltd (VGO) Snapshot

Open
A$0.05
Previous Close
A$0.05
Day High
A$0.05
Day Low
A$0.05
52 Week High
04/28/14 - A$0.07
52 Week Low
02/3/14 - A$0.02
Market Cap
12.1M
Average Volume 10 Days
87.1K
EPS TTM
A$0.0033
Shares Outstanding
247.3M
EX-Date
--
P/E TM
14.8x
Dividend
--
Dividend Yield
--
Current Stock Chart for VANTAGE GOLDFIELDS LTD (VGO)

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vantage goldfields ltd (VGO) Details

Vantage Goldfields Limited, together with its subsidiaries, engages in the mining, exploration, and development of gold properties. It owns interests in Lily Mine and Taylors Mine located in the Barberton Greenstone Belt of South Africa. The company is based in Sydney, Australia.

vantage goldfields ltd (VGO) Top Compensated Officers

Founder, Chief Executive Officer and Director
Total Annual Compensation: A$335.6K
Chief Financial Officer and Executive Directo...
Total Annual Compensation: A$302.9K
Director of Operations and Executive Director
Total Annual Compensation: A$286.8K
Compensation as of Fiscal Year 2013.

vantage goldfields ltd (VGO) Key Developments

Vantage Goldfields Limited Proposes To Delist From ASX

Vantage Goldfields Limited reported that, in light of the decline in the company's share price since listing on the ASX, the Board has considered various strategies to reduce costs and allow shareholders to realise value for their shares, in particular smaller shareholders who may not have been able to sell their shares due to the low liquidity and trading of the company's shares. The company is of the view that a continued listing on ASX would have limited benefits for the company and shareholders and proposes to take steps to allow shareholders to realise value for their shares. It is proposed to implement a selective capital return to shareholders by way of a capital return of 5 cents per share and subsequently delist the company. The Proposed Transaction will be reviewed by an independent expert to confirm it is fair and reasonable to shareholders. It is then proposed to seek shareholder approval for both the capital return and delisting. ASX in-principle advice on delisting The ASX has provided in principle advice that removal from its official list would be granted subject to the company obtaining shareholder approval for the delisting. A formal application for delisting will be made to ASX if the Proposed Transaction, including the delisting, is approved by shareholders.

Vantage Goldfields Limited Reports Consolidated Earnings Results for the Half Year Ended June 30, 2014

Vantage Goldfields Limited reported consolidated earnings results for the half year ended June 30, 2014. For the half year, the company reported loss of AUD 1,496,116, or 0.60 cents per diluted share, compared to AUD 877,871, or 0.38 cents per diluted share, gold and silver sales of AUD 20,667,604 compared to AUD 16,447,485, loss from operating activities of AUD 375,774 compared to AUD 681,248, loss before tax of AUD 1,548,259 compared to AUD 877,871, net cash generated from operations of AUD 496,074 compared to AUD 576,843 and payments for property, plant and equipment of AUD 3,455,740 compared to AUD 5,254,268 for the last year.

Vantage Goldfields Limited Announces Earnings and Production Results for the Quarter Ended June 2014; Provides Production Guidance for the Third and Fourth Quarter of 2014

Vantage Goldfields Limited announced earnings and production results for the quarter ended June 2014. For the quarter, the company reported net loss of AUD 992,000. The poor operating performance in the June quarter is reflected in the cash operating profit being only AUD 221,000. For the quarter, gold produced was 6,913 oz for the quarter was lower than the previous quarter, largely because of operational setbacks caused in the aftermath of the underground flooding at the Lily Mine. Average gold price received was AUD 1,390/oz ($1,297 /oz). Tonnage milled and grade declined at both mines during the quarter and operating costs increased slightly. Production for the third and fourth quarter is expected to return to normal levels.

 

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Valuation VGO Industry Range
Price/Earnings 15.9x
Price/Sales 0.2x
Price/Book 0.2x
Price/Cash Flow 10.7x
TEV/Sales NM Not Meaningful
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