Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
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and that is why this both a bull trap and a bear trap.
The trouble with VOG is that, notwithstanding all the other very costly problems that have beset us over the years, there remain 2 massive elephants in the room.
The business has seen some progress this year with costs trimmed and increased sales. Ordinarily you would expect this to be reflected in the share price. And yet it has halved in the less than 6 months since the AGM when the directors were telling us the already terrible SP was due a resurgence.
The first elephant is the work and drilling programmes for Matanda and the second is the potential for Foo to win his royalty case. Either (or both) of these has the potential to either sink us or as a minimum decimate LTH share value through massive dilution.
Add that to your daily list Banjo.
I was invested when they were still building the pipeline under the river.
I accept what you are saying and understand your frustrations.
Mr.B - Not sure when you sold out but if you were around when the original power station contracts were announced then I would suggest the term "mega $$" is perhaps overblown.
For me there have been 10 too many disappointments so if the paperwork is completed and we see any sort of a spike, I'm outta here.
I’m so tempted to buy 100K shares just for a punt and forget about them for a couple of years but there is so much negativity around VOG at the moment.
I was invested for many years in the early days and took a huge hit when I sold but I do wonder wether this company can be turned around with the departure of Foo.
If that contract to supply the new power station comes to fruition then it’s mega $$?
My understanding is that two more wells would have to be drilled 1. To comfortably supply the power station with 25 m scuffs and 2. A commitment well on another block. All within the next 12 months. No update as yet as to wether VOG have been paid what they are owned by Eneo and cash a bit thin on the ground.
So much potential but I guess folk have said that for years b4 being taken to the cleaners.
Still must be worth a punt ?