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£760 profit - hardly a fortune, 3CB.
Last April this was 30% of my holdings with likelihood of one of WestMed/Kermerkol/Eneo/Dangote happening, but as we all know, the big ticket items have yet to materialise,and so we ended up betting the bank on perhaps the unpredictable arbitration decision of some dodgy judge as to whether we remained a going concern; with loans going up and not enough cash coming in - risk just got too high for me. And then the much lower risk of TXP materialised with a massive Royston oil find that the market doesn't believe in. So I'd rather bet on TXPs management view being correct (in a big way - I sold up all my shareholdings but one, to add to TXP, which is near 85% of my portfolio now) than bet on Vog's 'unknown judge's opinion' - but this investment decision doesn't reflect badly on Vog's management; and Roy is the man to pull this around if anyone can. Expecting TXP's 'wall of cash' to come in over Summer and this should give me the cash to buy back here if still not much news and just ticking over.
Time will tell.
GL.
Funny old world. I admit I used to have a bit of a go at you and RF, especially RF, for perceived ramping. Ironic then that you have now exited, probably at a loss and at least 12 months after your deadline to make a fortune. Whereas despite all the trials and tribulations over the years, not to mention huge losses, I actually doubled my holding at around 2.5p, bringing my average down to a more manageable 20p.
I do see signs of green shoots now and still hope one day there will be a game changer announcement but I definitely won't be adding. Lol
Thanks, Rec. Here's a special:
https://www.grunge.com/736013/this-erupting-lake-in-cameroon-is-one-of-the-most-dangerous-places-in-the-world/
Hope to visit sometime (in Anglophone area). Featured in Devla Murphy's book 'Cameroon with Egbert'.
I can second that
Thanks, Maisy. Will continue to keep an eye on here, and post now and again.
Good luck HS - hope you find a spike somewhere! Always liked your research - even on the Cameroonian leopards!
Yep, 3CB. Sold my last 4K at 2.9p to buy TXP at 110p in December. - Seemed a bargain beyond belief. You've got to laugh.
Would like to be back here at some stage (Q3 onward based on TXP news), and hope I don't miss the main VOG boat between now and then - Roy seems to be a good CEO to follow.
GLA
Are you out then Spaz?
'Still can't get my head around Mr SPARROW selling up his VOG to buy Touchstone.'
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Nor can I, Jay!
There was logic to it - but not the luck. Ever the way for me, it seems.