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Just thought I would break up your little spatt about nothing.
well after all those rns's and hype it looks like the sp will be back in the low 13's today.
the is not civil unrest in London AFAIK. let's compare apples and oranges. would you have had your registered office down Falls Road a few decades ago?
and you talk about issues - crikey - stay off the cheap whiskey it makes you nasty.
So you still haven't answered the question - 328 posts in 30 days - are you holding VOG shares or not ??
Aye, and London is the knife crime capital of Europe, so what's your point?
yes. yes you were. and me for posting it. back track all you want.
i have posted news for about 10 years because I have held VOG shares that long. stick around. you'll find out who the loyal shareholders really are.
not knocking it - I'm happy you posted it.
I'm just asking why you go to so much trouble - what's your position - what's the big secret ??
you stick to your ad hominem tactics.
most will understand that when you knock simple news you are not worth listening to.
You go to a lot of trouble to find things like this.
Most on here are either clear about their position or we can work it out. You said yesterday that you wouldn’t buy any more VOG shares at the moment. Does any more mean you’ve got some already, you’ve got none or you’re short VOG.
Your altruism will have more impact if people know your position/agenda.
Does that sound reasonable ?
Didn’t someone say the violence was 400 miles away? I am concerned the city in which have our only working asset (and customers) appears to be growing more unstable.
https://www.businessincameroon.com/public-management/2501-8790-cameroon-to-pay-xaf129bln-to-investors-on-the-beac-securities-market-this-year
Will be interesting to see if that happens.
http://arreyb.com/prominent-mrc-politician-celestine-djamen-shot-in-douala/
13.12 bid. Shocking. My heartbreaking sell at 15.15 looks a good sell at mo.
Shocking for all long termers, I'm fully out with a big loss. No sign of returning this time. If you are still holding I hope it rises for u.
I think the fact that we are all here means we are all interested in VOG. Just because FOo may not let VOG go down, does not make it a profitable company and therefore a good investment. It could be though. But a significant amount of loose ends to tie up first.
I totally agree, it is a punt.
But it has been for a long while, imo, since VOG started drilling for gas that isn't needed yet.
Think how the balance sheet would have looked if we hadn't wasted that money and we'd still have the loan facility (I think; I do drop the ball occasionally when watching this).
Basically, VOG is too reliant on one customer and that's never good.
I'm not convinced about those updates either, fwiw.
But I still wonder if a placing will give them the money they need, although Foo has plenty of history for this sort of thing.
Anyway, it's not that I'm suggesting people should buy this. It's more that I'm thinking about it.
It just comes back to the fact that I don't think Foo will let it go bust.
I still think we'll look back on this in a few months and think we should have bought, even if it does drop more.
As I said, it's just my opinion and thanks for at least thinking about it :-)
anon3, i know you are no newbie. i have time for your opinion.
you know cheap can be a trap. the risk/reward makes it a punt.
apologies if i am skeptical at three production updates within three weeks around the same time a newspaper runs a story of a potential placing and the company's position corroberates. i think it is a ruse. the fudging of the payment guarantee deadline shows that things are not panning out as planned.
do i think VOG has potential, yes. am i buying more at these levels, no. even if there is no placing, which i strongly suspect there will be, there is too much uncertainly short term. happy to sit out till actual news of insurance win, west med sale, IPP sign up - and now more 'jam tomorrow' planning which has always failed.
ah, a reasoned reply.
Hello, BS.
Very true.
Look, I'm no fan of Foo. He's lining his pockets at the shareholder's cost, without a doubt and royalties are what makes this company struggle, imo.
As for why VOG drilled for more gas, when it can't sell it's current capacity is beyond me.
Don't get me started on the mickey mouse drilling company and the stuck gun.
I first got in here when it was a little over a penny, pre-consolidation. That looks well sick atm.
But at the same time, this makes it very cheap in the scheme of things.
As we know, the company currently looks to be on it's arse and it's a good time to buy, if you've the appetite.
I'm not buying yet, as I want to see how things pan out and agree that the SP might have more to fall.
But it amazes me that if you try and present any view that says it might be a good time, you get met with being told that I'm ramping and my post should be deleted.
I wouldn't mind, but it's not like I'm posting here every five minutes.
You have to laugh.
GL mate.
SP 14.00p with BID at 13.04p.
lot of investment in BHS and Carllion...
How on earth is it ramping?
I don't have any shares to ramp?
The fact is, this is dirt cheap, if as I said the BOD sort things out.
There's £200 million plus of investment here and it's currently valued at £12 mill.
Of course it's cheap.
I'm sorry if that doesn't suit you, but that's how I see it.
Of course there's risk, but Foo is no idiot, as much as I don't like/trust him and he has a tendency to pull something out of the hat.
Ridiculous dangerous ramping.
Amazes me why admin allow this sort of nonsense , but delete anything negative about this dog of a company.
Not been on for a while, but am keeping an eye in, same as I have for years.
To me, some sort of fundraise is guaranteed, but I don't see how a placing makes sense.
What could they raise at this price? Around £3.5 million?
Would that last long enough until the money starts rolling in?
Seems to me, everything is now about payment guarantees and if a placing does occur, it'd be a massive sign of desperation.
Still, if the BOD can make things work, this is currently ridiculously cheap and talk of the company going bust is laughable.
Foo would bail it out, same as he has before, if it came to it.
I'll keep my powder dry for now, but I'm so tempted to get back in here.
Just my opinion :-)
Just a small point, if all the fears / problems of money were now ok and done with why hasn't the sp moved up more to say 17p - 20p.
Could it be that there are many holding back because they still fear a placing within the next few weeks and have little trust in the bod's at the moment.
I wasn't referring to you but if the cap fits! :-)
"If you're not keeping them forever then you're a trader too - just maybe less proactive ??!" Very true!