Actis is the key imo. If that falls through we are not doomed but we are then back to slow progressive growth. The actis deal will secure a nice SP rise to perhaps 2.5p and above but if it is announced that this isnt moving forward we could see a nasty drop back then only a steady rise on each new connection.
pre massive dilution price 18 months ago. all that money and more spent on pipe line and connections to grow the customer base,and yet no value add to M/C ? this is so under valued, but with news due any day this won't be under 2p for much longer.
value of VOG is hard to say,if the oil and gas sector came back into fashion it could go ballistic. the last time it was in fashion most small caps doubled or trebled in price when they had nothing really. but we need to see the contract with actis then a minimum price can be put on VOG. Remember we had a M/C of £165mill when we had nothing but a production licence. thats around 3.83p with todays shares in issue.
we seem to be getting there. Added a few more this morning which now brings me to just under 1.6M at 2p and my paper loss is now into single digits (9.73%). Choices now are whether just to wait and see if the next RNS indicates whether we still heading in the right direction at a reasonable pace or whether to chance it now and buy the remainder to reach my ultimate target which is 3M shares. Been a painful journey at times but it does appear that there is now light at the end of the tunnel.
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