The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
They lost 7m after charging 10.4m non cash items. Depreciation,amortisation and other asset write offs. At the operational level they are cash generative. Assuming payment of course. Admin costs should be significantly lower in H2. H1 had office move placement costs payoffs. I reckon about 10m in a full year. 4m reported in H1. 6m in H2 with lower costs and higher sales. All imo.
Well 3cardbrag if u look at the interims VOG lost $7 million in 6 months so with rising production and increasing sales due to new customers and contracts you would think logically they have at least $10 million cash left.
I would be very surprised if any meaningful amount of that 14 million is still in the coffers. Vog has a fine history of getting through other people's money faster than a dose of salts
They had $14 million at the end of June so my guess is good news flow will come starting with the quarterlies and something else that I here is in the pipeline. Hint Mentioned in previous podcast.
Im adding and confident of a good return here.
Good luck all shareholders
Typo Agree
To get the funds they need for a VOG style drilling at these prices we would be 100%diluted. Why not just a great a farm in with a drilling company?
laptop15, i think everyone here suspects that in order to drill Matanda they have to raise funds. and soonish. if they do not, they lose the licence. if they do not, they cannot guarantee supply to Big Power or their customers.
https://twitter.com/victoriaoilgas/status/1178610888410054656?s=19
This tweet was done on September 30th which they would have now how the quarterly production has gone. So reading between the lines there should be a good improving production and sales RNS for the quarterlies due anyday now :)
Short term the share price should move back to double figures for starters.
Based on valuation this looks very undervalued to me currently. Forget about the history it's all about where it goes from here as u can't change the past.
Ive been buying