Mr Jukes, why is Mr Grynberg a negative factor?? He has bankrolled the Logbaba development by tens of millions of $$$'s. Without his money there would have been even greater dilution! Hard to believe I know! Mr Grynberg is not evil, he is an opportunistic businessman that wanted to steal all of Vog's long suffering shareholders investment money. With great skill glorious leader Mr Foo stopped him & turned the tables so that Mr Grynberg has paid out $40millions so far, & has only now getting to the point of seeing a ROI.
Mr Dazah reports an unknown blogger on Advfn thinks there might possibly, but can't be sure, however you never know, maybe, there is a placing!! It has been three years since the last one but this time the troll is again confident he might perhaps be right !! You heard it here, yet again, first !!!! Lol
Why waste time presenting to 'over 100 companies'? Surely after 10 have told you the same thing you should have learned a lesson. Lack of transparency at board level, the ever present Grynberg factor and over generous royalty payments would stop the devil himself from teaming up with vog in its present configuration imo.
''a) Communication is S*** b) Excessive bonuses c) Clarity of CEO''S holding still unclear d) Issuing of shares in life of work or bonuses for failure''
Mr or Miss Saltysh1-tzu, I note you list. Here is another list. a. making a profit b. own 60% of the gasfield c. own 60% of the plant & pipe d. contracts with all the big players e. regular official updates compared to peers f. average pay for directors when compared to peers g. Ceo has increase skin in the company & unless Mr Foo is dumb enough to flout regulations, has not sold any h. did I mention making a profit even with PoO this low & in the dry season!!!
Q4 dry season figures. It is always good to remind oneself of what is actually happening, rather than hysterical mumbling by certain obvious lonely trolls.
• Group Q4 unaudited financial highlights o $7.6m revenue (Q3 2015: $9.0m) o $13.1m cash position (Q3 2015: $12.8m) o $5.9m net cash position (Q3 2015: $4.9m) * *net cash is defined as cash equivalents less borrowings
Aimho but I think there were other reasons why the ii,s weren't interested and it was something to do with royalties etc, we need money to buy back shares IMHO and prove that the company is in this for the shareholders not just big salaries and no dividends. The funding of the drilling needs some clarity. Is trust an issue ? This new guy doesn't seem to be doing much pr either. Even my patience is being tested with the bod right now !! Gla we need some
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