History has told us that so far oldtimer is correct . News good or bad or whatever and the SP here is still encased within a downward spiral. As bigsmoke comments 59p should easily be doable and imo on all known facts the SP should be much higher than it is now. There just might be some good news not too far around the corner that will at long last make appositive difference to the SP. Hope springs eternal.
JRich - I believe it's 6 months after period end not 5, and as VOG elected to adjust the year end themselves to thought that they would miss a deadline is not credible.
However, this trail of leaving everything until the very last minute is annoying and the predictability helps those the try to trade the SP down - It would be great is for one they could surprise the market by being early.
The SP is very disappointing and IMO someone at the company should bite the bullet, PR is a disaster
Incidentally, I have reduced my posting activity as I've had enough of posts being taken down for no apparent reason - it really is pathetic - I rarely see any posts on this BB, positive or negative, that warrant censorship .
This could be news to spike the price.They are expanding on debt which has to be paid banks do not lend for free.The West med 46 million write back the new project to pay for.Drilling the wells.Maybe it's been long enough to forget we are still a penny share times 40.?I keep my shares in hope as l am still at 2.25 pence to break even.Without averaging down I would be in the 4 pence. Never mind nearly there.
OT, we have not broken through the 200day SMA for about a decade. All rises over the last 2 years: Sept 2014, May 2015, Oct 2015, Feb 2016 got within touching distance (the more recent the closer) and then fell away. It is now at 59p. It looms as a glass ceiling waiting to be smashed and surpassed when the sentiment has properly turned. VOG looks good, is making progress, etc etc, but in all fairness the definite results are not there yet in black and white... But that point is apporaching fast. Also, 59p has to be easily doable (even in short term) on any number of news items which need no rehersing.
Truth hurts for the dreamers on here but us longtermers dreams died years ago.Its just a salvage operation for us and it don't look too good trying to get back our hard earned back. The icing on the cake will be the killer SRN watch it tank then. All those in agreement thumbs up.
I think for anyone that has been in here for more than 2 years will know that dreams DO NOT come true. we have all been saying this will turn soon but never does, we have all been saying when the next rns comes out it will be great and the sp will take off, but it never does. We have all been saying vog will release it's rns on the very last day it can and it does but only because the rns is NOT what everyone expected and the sp still goes down. We all know that when this next rns does come out however good /bad it is the sp will go down again. We must all stop living the dream because it NEVER comes true. Please prove me wrong !!!!!!!!!!!!!
There never will be the penny arcade sits in the far distance my patience of the many years I have been stuck in this pile of ****e is running out. If it sounds too good to be true it usually is. Lost all me hard earned in here never any signs of getting it back how can anyone have any optimism here. Forget Tuesday it aint happening.
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