I would bite the hand of them given where this sp is going and I do not see any light at the end of the tunnel I am afraid. Jack owns very little shares so has no say in someone accumulating shares and making an offer for the remainder
Hi Luton. Not sure what you're saying there. On the one hand you seem to suggest we would probably be taken out under £1 but on the other hand you refer to JG, who, having invested huge amounts of time and money into the project would surely not wish to sell light.
Naks - that's assuming shareholders agree. There must be plenty who would come out negative at 90p. Personally, I would probably take it for a 50% profit approx., albeit reluctantly in view of the long troublesome road we have travelled.
Hi A J. You are correct . J Gs involvement is probably just about the only reason why VOG are still trading as an independent entity. No doubt considering the money he has put in towards his obligation of the operational costs he wouldn't relinquish his partnership for less than a tidy sum. Well worth paying though if you add up the total sum of all the nuts and bolts and then take into consideration estimated projected figures of revenue and future profitability.
If the SP here stays at a similar level or gets even lower we are imo sure to reach a point soon where a takeover is inevitable. There are plenty of companies who would fit VOG and its gas , assets and revenue snugly into their operational plan. Anything under a pound would mean that a suitor would get VOG lock stock and barrel for next to nothing.
That's a fair point but they would have to find one with representation in the various countries they have subsidiaries in and the tier 2 firms would be equally busy. With the consolidation that's happened in the audit world there isn't a lot of choice any more. I doubt there would be much cost saving anyway or time saving.
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