I would not want you to leave as I love your ranting at Jim. Cheers me up.
What of "finance" as you say if not debt vs equity?
A major landmark in the project was raising debt rather than taking more of your money, so that has lead me to read between the lines and make an educated assessment that debt will be the first port of call for everything else over future cash flows.
The environment of the last 5 years have everything to do with why the company has ambled along. It's a testament that this project is still going (as VOG) albeit massively over 'budget'...think of any 'infrastructure' project in any country in the world.
This is a good entry point IMHO.
On another note Afren is bargain basement if you want another multibagger...haha
rodlin, you only need to look at that documentary the other night banks forcing companies into admin then turning them around and selling at a profi,s banks learned and changed their culture haha i'll crack the jokes.IMO
Well voger, you are right when you say these bb's are full of them. I take it you was including yourself in that statement. Same old, same old.
However, where was the debt facility that VOG could have tapped into? Plenty of debt for small enterprises? Tell that to the hundreds of small businesses that went to the wall during the height of the recession due to lack of debt funding. Unless you mean payday loan sharks!!
massey to answer your post. 1, i did not invest here on a drill result, they were done. 2,AIM is for people who want to lose money,? 3,there was plenty of debt for small enterprises? do you mean no finance to be had. 4, well dilution is fine if it is spent properly, one ever 3 months for almost 10 years, and over £200mill later and the market cap is £50mill something wrong there would you not say? 5, the environment over the last 5 years has nothing to do with the pee poor performance of this project. 6, bowleven was around 40p before they were in talks about a buy out. that is why now they are back to there fair value. 7, thanks for your advice to move on, but as i don't know you from adam i will do as i like. 8, new investors,so you would like me to stop posting whats gone on over the years just to try and get my money back? i'm not like that, but thanks for your advice again. 9, drill will be funded by debt? so you know this for a fact? lol 10, this is a pension stock, forget a quick buck, then why did you say earlier that i should sell?
thanks agin for your advice, where don't i send your fee. lol another expert giving out useless advice. these bb are full of them.
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