See we are grinding along - not sure if that is good, or bad? Certainly no bad news but market not reacting to good either. No surprises - suits me.
VOG should be a glaring target for a long list of competitors or users: BLVN, Dangote/cement consortium, ENEO, companies looking to diversify into Africa, blah blah blah.
The reality is that the current mcap and corresponding sp would not stay still for very long given any bid, thus making the current 'bargain' valuation irrelevant and then there is the thorny issue of RSM and its requirements.
Personally would not like to see us bought out given exciting drilling plans, Matanda potential;, bigger power etc...we all know the list!
Hi jtd I wonder if there is any possibility that ENEO would make a bid for VOG? . They have the $ and will need provision of our resources for a considerable time. Makes good sense for ENEO on a number of fronts , so could be a consideration.
are designated as Emergency supplies be ENEO (that how their boss described then in his IPad speech).
That's different from how VOG tend to describe them, normally "Temporary", ENEO's emergency has not eased, if anything it is becoming worse and I suspect that they will find it politically impossible to withdraw the temporary "temporary" solution in the face of growing demand and customer/government dis-satisfaction.
Interestingly, my longstanding view was(and is) that ENEO will convert Logbaba and Bassa to Gas. All they have done so far is install temporary Gensets and presumably the Diesel generators are standing idle.
If converted to Gas that would double VOG's capacity.Reading all the notices of improvements to the transmission system around Bassa/Logbaba and into Boneberi it leads me to suspect they are gearing up for expansion or at least greater utilisation of the stations - doubling up at Logbaba or Bassa would be cheaper and quicker for VOG than supplying Dibamba and the conversion should be a no brainer for ENEO when VOG prove up their gas. Very little work I would have thought for either company.
been here five yrs have you then a relative newbie 8yrs for me,no frustration whatsoever this has never looked better in all that time i boughtr simply at the wrong time which shows on my books, but who in this game gets everything right over the yrs foo has been badly critizised,wrongly by many old and new vog lives on and without making the unpopular choices he had to then ,there would be no vog at all its sad how when things dont go to plan the so called INVESTORS moan and blame anything apart from their decisions when it goes good then they are the boards know it alls and i told you so,s so as long as i keep my faith i still have x amount of thousands waiting for delivery and not a fifty or more percent loss and it will be delivered at some point
It was probably reported because it was not boring they only like boring posts on here. I would love to see your holiday pics especially the graphic ones. As I might book a holiday there for the Not Long Now working mans club outing. it was a good day out at the investors show I met a lot of me old cronies and flogged a load of jam.
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