... I have a hunch and have also put my money where my mouth is in this case. I put a bet on this jumping back up to the 85+ mark... I think what's happening here - is the people who bought after dilution bought at about 45-ish.. This people are probably selling with some good returns... I mean if you bought in at say 50 and sold at 80 - That's well on a 60% rise. People are cashing in.. wether they buy back in a lower prices is up to them .. but many of us anticipated this.
Sit tight... If this can jump 60% in 4 months.. Wait until we start showing profits in the books.
yeah, in the StockTube video http://www.stocktube.com/video/victoria-oil-gas-has-turned-the-corner-chairman in response to financial questions KF states that, as for profits, it will be for however the accountants choose to represent the figures. Although KF could have done much better with his wording, I think what he was getting at was '..yeah, VOG is the bomdiggidy, but there is is this artifical write off of WestMed happening so that we can surprise the market next year/ year after when we sell it /farm it out/ develop it ourselves....' or something to that effect.
You can not take depreciation charges into account when talking about operating profit, We all know that Foo wrote down the assets of WM just to take them out of the accounts this time and set any tax liabilities against them when we are making net profits later. in 6-12 months time they will come back with some sort of assets against them again. We are just talking about day to day overall profit, which was to be at approx 5.5 scuffs.
I think you are confusing profitability with cashflow there. A company's balance sheet is not dependant uopn the amount of money that comes through the door. in simplistic terms it is assets v's liabilities. So profitability can easily be assessed from the daily operations of the company.
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