I almost wrote something this afternoon when another 'long termer' was whinging about his lot and was berating the company yet again. There seems to be a hard core of 'long termers' who think they have dominion over the other 'newer' investors and think it's ok to constantly moan and bleat on about their terrible experience in VOG, but never give a modicum of balance regarding where the company is now, and how much the company has achieved. What you fail to understand or acknowledge is that not everyone's VOG experience is the same as yours. You may have made a bad investment, you may have over-extended your risk exposure, but you took the risk and it did not pay off. Get over it.. that is the nature of investing. If every company met or exceeded its forecasts from the off then we would ALL be millionaires by midnight! Many people are nicely in profit here (myself included) but you don't hear them bragging all day about how much they have made. If I lost all my current investments entirely it would not materially affect my lifestyle, if anyone has allowed themselves to be overexposed to risk then they need to re-examine their investing strategy, not spend all day whinging about their lot!
blackpuss , thats the trouble they see one shoot up and jump in only to see it crashing as they bought in at the top with no news then see another jumped up and dive into that one on the spike next all their cash has gone , crazy , I think UKOG will get taken over it`s to big for the minnows IMO , yea Shell have been splashing the cash lately did you get in .
Dave_kdc- Just for the record, I first bought into VOG early January 2014 and have made various other purchases since then and now showing a 30+ % profit. I had a thread on ADVFN under the name 'totally banjo' which I started March 2014 so I have followed for quite a while.
jim.. i once saw a poster say they had 20k left out of 360k invested in aim downward spiral of selling one at a loss and trying to make it back on another again and again feckin unreal ! gl with ukog... amazing rise today good prices on shell for a bit of ftse100 action :)
banjomick - Like I said it's all there in black and white. I don't need to make any of this up. You're trying to move the focus on my typos as apposed to the truth. People don't invest to lose money. I understand the point of only investing with disposable income. But lets face it, if everyone followed the rules. None of us would probably be able to beat the system and provide a better life for the people we love.
Anyone who wants to point out failings and how ridiculous it is, that we are at this price and have been for so long. Is only venting the frustration and outlinning the truth and failing s of the BOD.
Who have never failed to collect but have ALWAYS failed to meet targets!
16 posts and all of a sudden you talk as if you're a long termer here. DYOR before you tell me and the rest that bought in at around £4 nearly 3+ years ago that we think we got shafted. Match the company valuation up to the basic initial targets that were set out and announced in the RNSes. And again - the truth is even if you were being super pesimistic you should still have walked away with about £6 -£8 even WITH the genset delays!
Have things turned around - yes! Has the BOD learned not to "exadurate" scuff posibilities - yes. Have they done this at the cost of the PI's - yes!
But have some respect for the PI's who put there hard earned cash into this old dog so they could keep on diluting, so you can now come on here to tell us what we "think" is happenning and blame us for not being sensible about investing more than we should.
Dangote-cement-factory Share This On: VENTURES AFRICA – Nigeria’s largest cement manufacturer, Dangote Cement, is fast on track to expand into 13 other African nations as production on a $150 million plant in Cameroon has commenced. The company added in a statement on Tuesday that it has also inaugurated a further 1.5 million Metric Tonnes Per Annum (mmtpa) capacity to its Senegal plant in Pout this January.
Aliko Dangote, the owner of Africa’s largest industrial conglomerate, Dangote Group, told a delegation from an Organised Private Sector that the new facility in Cameroon will start off with an initial annual capacity of 1 million tonnes of cement. The set 1.5mmtpa capacity will be achieved in the coming years.
Dangote Cement is Africa’s biggest cement producer, recording a turnover of N386.2 billion ($2.3 billion) in 2013. Should Dangote succeed in his audacious expansion plans, his total cement production will climb to 60 million tons, by far the most in Africa. Dangote Cement will also become one of the world’s biggest cement manufacturers.
Dangote Cement has announced that its $150 million Cameroon plant has commenced production in Douala, Cameroon.
The commencement of production in the Cameroonian commercial city of Douala came in the wake of the inauguration of another 1.5 million tonnes capacity per annum Senegal plant in Pout in January.
Dangote Cement had last year listed six plants across five African countries scheduled for completion this year.
Group president and chief executive of the Dangote Group, Aliko Dangote, said that the plants, which are at various stages of construction, will add about 13.5 million metric tonnes (mmt) of cement per annum to the existing capacity, when completed.
The ongoing plant projects, according to him, were Zambia, 1.5mmtpa; Tanzania, 1.5mmtpa; South-Africa 3mmtpa; Republic of Congo, 1.5mmtpa; Gabon 1.5mmtpa and Senegal 1.5mmtpa.
Back home, Dangote Cement increased its production capacity adding an additional third and fourth production lines to the existing 6mmtpa in Ibese, Ogun State, to bring the total capacity to 12mmtpa and another 3mmtpa line currently being added to the Obajana cement plant in Kogi State.
Dangote told a delegation from Organised Private Sector who visited him in the office that the 1.5 million tonnes per annum capacity plant in Cameroon commenced initial production at one million tonnes per annum before productions would be stepped up to maximum capacity level.
The Dangote Cement chairman explained that the Douala plant would revolutionise the cement industry in Cameroon and help stimulate the Eastern African economy as Dangote Cement would be churning out its known quality grade of 42.5 at a very competitive price.
He said the plant remains the most modern in Cameroon because of the latest technologies from Germany, USA, France used in the construction and put together by the renowned plant engineers, Sinoma.
Dangote, who stated that the company started by importing clinker, said that production was being carried out at the most environmentally friendly level, pointing out that the dust emission by the plant is lower than the 50mm international standard.
He further noted that Cameroonians were eager to see Dangote Cement commence operations at the Douala plant because of the feat the company had recorded in other countries, adding that the company was enjoying the cooperation of the host communities and the government of the country.
He promised that Dangote Cement, as a law abiding organization, would play by the rules of the land and that it would replicate its robust corporate social services in the host community.
On the economic benefit of the commencement of operation, Dangote stated that over 1,000 people would be employed directly by the plant while over 5,000 would benefit from the indirect employment to be generated by production activities of the plant.
Said he: “We have brought our latest technology to Cameroon to build the plant; we are a very environmentall
Well done today I nearly jumped in with you and wish I had but something was niggling me ! The fact is that you may bag again tomorrow but watch like a hawk, it's horsham its political and there will be an awful lot of conjecture IMHO ! 158 mill maybe but don't mix reserves with resource , good luck and all the best :-)
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