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More lies and scaremongering, do you work for the mail? :-)
The last broker rating was January 2018
Looks like being way back in 2016, so maybe many brokers never though vog would still be here.
With everything that has been going on with vog over the last few years, their trading future looks less secure now than iever before. could be 10p by weekend.
administrators usually change registered offices of companies they are appointed over. just saying.
if there is no payment gurantee, then there may be no payments. if there are no payments, then cashflow remains an issue - no matter how much gas is being consumed.
there is STILL no news on payment gurantees for the new power deal. despite the original December RNS stating that it would be in concluded January 2019. Two days left....!
Didnt similar thing happen with aaog, rumours of placing and then it did.
What will they need roughly?
STOCK MARKET WATCHLIST: Is the well running dry as energy firm seeks capital?
The rumour swirling in the City is that AIM-listed gas producer Victoria Oil & Gas is on the hunt for more funds.
The word on the street is that the company – which operates as Gaz du Cameroun in the Francophone West African state of Cameroon – has been tapping up shareholders for a new share placing to raise cash.
All of this might not come as too much of a surprise to those who monitor the company’s activities.
The firm is known to have a large following of private investors.
Victoria Oil & Gas warned at the end of September that it was keeping a close eye on cash levels, which stood at just $3.2 million (£2.4 million) at the end of June, after burning through $3.8 million in six months. It seems the well has at last run dry.
The shares have been on the slide in 2019, leaving it with a market value of just over £20 million.
Even an update on its increasing gas production levels last week failed to lift the share price.
A spokesman for the company, which is led by Kevin Foo, said it did not comment on ‘market speculation regarding capital raisings’.
We know the fund raise is coming and we know its going to be expensive. Just get it done and stop pratting around.
Jed
Which article?
Fully out now and won't buy back until he comes clean about cash flow.
Still bullish but don't like batting with one eye open - especially when I think we're being misled..
Why hasn't foo come out with an rns saying there is NO truth in the press article, I am sure any other company would do so if it was untrue.
The longer they leave it the lower the sp will go.the market needs clarity.
banjo et al say everthing is cool
13.50p.
Could be 12p next.
I got out of this with a big loss at 39p ...Cant believe what's happened here ! you couldn't make it up . Atvb to long termers I wish you all the luck.
while Foo's videos exhibit tans and fresh suits.
i see the trades now.
well, don't think 14p will give much support.
They did....they were the DMA volume on BID allowing the seller of 800k and 200k lumps at 15p
Looks like Foo not denying the fund raise has set this in motion.
showing 14.00p
she's creaking...
8,454 bought. looks like the 1M big buyer (if still there) isn't getting that order away any time soon.
Trouble is with all this uncertainty the price could drop to 10p before the bloody placing! Disgrace this bod
didn't see that one coming.
the last AGM didn't give a director's authorisation to allot that many shares. they will need to get member's permission. but given it is that or bust, then i am sure the IIs and others will approve. though, good time to table an amendment (get rid of Foo).
Flocking of WM fore 5 mill would be much better and save 1 mill a year in exspenses.