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Member Info for Showmethemonet

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Member Since: Sun, 13th Jan 2019

Number of Share Chat Posts (all time): 5
Number of Share Chat Posts (last 30 days): 1

Last Posted: 18 May '19

Post Distribution over the last 30 days

18 May '19

I heard Malcy say that invoices tend not to get paid within 90 days and that Ahmet Dik was relaxed about this. Ok so why did VOG then make it a big deal by stating it hadnít been paid and was in discussions to ďresolveĒ this. Well if Dik is relaxed then surely thereís nothing to resolve?
15 May '19

Feels like ENEO wants to bankrupt VOG.
9 May '19

My heart just sank reading that update. If we need to ďresolveĒ each flipping invoice then what hope have we got for the future? The share price is heading for 10p.
28 Apr '19

Iím a shareholder and ashamedly sitting on a 70% loss. I bought at around 50p and hoping with an increase in the customer base that it would give me a 30% gain in around 2 years. Then ENEO pulled the plug. Well I should say the Cameroonian government pulled the plug. I feel like a Dik, excuse the pun. On paper VOG looks attractive. But the reality is different and itís starting to look really stark to me now.

I am pretty certain that the company has our best interests in mind. I really do. They really did believe they could succeed here. But the customers are simply not there. And the main customer, ultimately the Cameroonian government, being too volatile, and letís be honest corrupt.

The Cameroonian government, if it really did want to strive to make the country develop significantly would simply not allow these power shortages. Development needs energy and certainty in supply. If there are to get inward investment then they must guarantee that. They canít. The proof is in the pudding. They simply tolerate these power shortages and they stem from internal politics (elections) what have you. It shouldnít matter whoís in office of course, the lights should always go on but thatís in the UK, a developed country with first world attitudes.

The only way VOG will prosper is if they can export the gas to other countries in the region or to China. For VOG thatís impossible. Thatís why itís my opinion that after everything has settled they will sell the company. When I say everything has settled I mean the insurance claim, ENEO are paying their bills to VOG and thereís clearly cash in the bank and Matanda is on stream. This will take a few years. Everything else like more customers and the tie up with Naturelgaz is just tinkering around the edges. VOG need mass consumption and that can only be from millions of people to use the gas. Theyíll never get that consistently. Not by themselves anyway. Thatís why they know that and once settled they will sell to bigger player who can.

As soon as Iíve made up my losses Iím out of there. This is my opinion for what itís worth.
22 Mar '19

This share has ripped me a second rectum

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