dont know why people would be selling at the moment. I would say this is probably sitting at the best position for a couple of years. If VOG and associated companies pull it off in the timescales published VOG will overnight be pushing out double their current volumes. One would assume this has to have a postive outcome on the SP very quickly.
When you look at some companies on the aim with double the mktcaps and only theoritical reserves and potential incomes it makes you wonder why VOG is not sitting far higher. Even now.
I have been hre for years and think VOG have done a superb job in developing and supplying gas in Cameroon. My buy price is way above the current sp but when I bought the shares my sell pric was £4 in todays money and it remains that today. If you bought recently you should be in profit but don't knock KF if you don't appreciate the full story of VOG. They are continuing to develop sales in Cameroon and one day the sp will hit my sell price.
I fully agree with JTD. While I don't like being underwater, but I took the risk. I fully understand there was a need for KF to do what he did. If he hadn't told a few porkies I am pretty convinced I would have lost the lot. Yes there were mistakes, but mistakes made under legal advise (the Grimm fiasco), are going to happen. The mega dilution was necessary, end of.
blackpuss, while i agree with the risks, you have to remember that i for example started of investing small amounts then as the company progressed and prospects looked to increase have put more and more and more and then even more in on the research and expectations of the Company director or directors, who supply the info to us, its not done on a whim.
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