its like flogging a dead horse being invested here this old nag just cant muster up any speed to go anywhere. Not my brightest hour when I decided to sink me hard earned in here. All those years ago when I was young and spritly and raring to go waiting for me hard earned to double instead it has just disappeared. Cant even get any dough off Windy Miller without conditions no its not looking good being way under the penny arcade. Off to pick the vicar up from The Never Getting There Arms hes always at his worst on a bank holiday.
Gosh, how long till this ol' share slides backwards on a regular 'boredom drop'. Still waiting for all these ii's to start buying. I've been walking around with a sandwich board trying to drum up business but to no avail. At least the Rentaghost business has been more profitable this financial year so far with the Jester and Dobbin making 6 and 24 bookings respectively. Mr Painting bought some VOG shares but the value has spirited away. Still Nearly There.
There are a number of very interesting points that will be raised. If vog drill 2 new wells at Logbaba as far as I can see it Gryn will not have any % of these as he only won the 40 % rights to the first 2 producing wells. So the money /costs of drilling the 2 new wells must come out of vog’s 60% revenue, Gryn will not want to pay anything towards those costs when getting nothing back in return. Second Gryn is not involved in Matanda so the costs of any drilling there will again have to be funded by/from revenue from our 60% of Logbaba, OR be fully funded from the bank loan already arranged. But Foo has already said new works will be funded from existing / current revenue. who knows what's going to happen, and that must be part of the reason institutions will not get to involved with vog , there are still too many un-knowns.
hi oldtimer I wouldn't be surprised if Grim was trolling through all his contract documents looking for a loophole so he could bring about another case of litigation re not being involved at all in Matanda etc. After all he has made a habit of the like. Even with him on board re Logbaba which would be enough to put a number of interested parties off from making a bid for VOG especially due to his poor relations with the Cameroon Authorities re another litigation case imo the current SP is so ridiculously low that we are now valued at a bargain MCap . To a buyer a company is only worth what someone will pay for it . Surely the numbers stack up at the moment to ensure we are firmly in the bargain basement category. ATB.
I would imagine that the whole situation is getting rather annoying for Gryn, on one hand he has 40% of 2 wells at Logbaba where we have put god knows how much money and support to get things moving but now he has NILL interest in Matanda where next year all the effort will be put in. What does he do, just sit back and watch, a bit like the rest of us then.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.