From the presentation last week and from page 14 the chart would suggest news is due on CNG:
Compressed Natural Gas (CNG) New Market for Gas
• Discussion with several groups for provision of “virtual pipeline” solution for CNG • No additional capex required for GDC • Initial demand of up to 5 mmscf/d from thermal customers / diesel power generators in 250km radius from Douala
VOG has been totally undervalued for a number of years now. Back in old money the price has been much much higher. Has been driven down and down for numerous reasons, but none equate to the lows we see today. This has been a long time coming. For all the LTH's I hope we get our just rewards for keeping the faith. The African economy as a whole will change over the coming years. gas is the future for the medium term and we can supply it to a country which is embracing the change. I'm thinking around 600p by the years end!
I think there will be a dip possibly as soon as tomorow however I think it will rise and rise from this point. All the 'aim' BOOM type excitement is there and is a possibility with Vog, it could rocket, 400, 500pence etc is all to play for (probably had 400p worth of input to get it this far). Unlike the overwhelming majority of aim shares however this is genuinely fully funded for the foreseeable and has debt draw down facilities that they may use, it's a real predictable slow burner in that respect. The chance of mass dilution is not there (they have a long term bank line of credit), they supply huge companies and have never had an incident. As a holder I will try to avoid the 'everyone buy in now' boom approach as this is still an aim share and MM can still free shake etc. In your shoes I would prob commit half my holding at this level and be real careful with the stop losses so you are not shaken out. I would then purchase into the rise or purchase if there is a dip with no news. Historically this is cheap, even for the last 2 years it's cheap. Share profits, Zak muirs and a small following are developing, they have a moderate sized broker plugging them. I think there is more upside here.
This Joker EB is discussing details of a company that he has no clue about. He has a fraction of the knowledge that LTH's have. He has twice woefully called the SP direction massively wrong. He has zero credibility. I suggest we follow the earlier suggestion and filter / ignore the Clown and let him stew in his 'short' losses. Exciting times ahead at VOG, his shorts have not only burned but they are becoming molten.
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