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I guess if you were lucky enough to buy from lower levels, is it worth holding into the next update? I had recently considered just taking a 60% loss and just getting out. If I had been at my screen when the price intraday touched 8p a while back, I'd likely had lightened up my position. The question is, what are the odds and likelihood of the next update containing more positive news than negative? In my opinion for it to be positive, it needs to contain something unexpected, like West Med sale or Eneo coughing up some dough.
Any rational thoughts most welcome.
Yes, holding here. Expecting a return to higher levels soon.
Next news is quarterly update; at least one more customer tied-in.
Then news on RSM arbitration - perhaps they will pull the case at the last minute to avoid costs?
The Big News: Eneo, West Med or Aksa could come at any time, but expect all 3 will come in in 2021.
Also news on Royalty Obligations and taxation issues likely to be settled this year imo.
Bookamdanno - you ask for 'rational thoughts' - that might be a big ask whereas VOG is concerned. Am I the only one that's noticed our newish member to the BB, namely RF68 has disappeared.
I guess he will have sold up - he certainly talked it up !
There's money to be made in AIM when an sp is bumping on the bottom - trouble is most of us came into VOG at massively higher levels.
If you click on 'members' tab just above the 'latest share chat' list then put in peoples usernames you can work out their current status on lse.
Not a good drop here today for genuine holders.
Daytradenovice - yes - that was my point as his member name is no longer active - either he's taken himself off or he's been banned.
dactions- I think RF was recently banned and looked to come back with yet another name a couple of days ago but that has been removed too by the looks of it.
There is no doubt there is money to be made in GOOD QUALITY Aim stocks, 75-80% of stocks I hold are currently list on Aim, SLP, JIM and TSL are 3 which have done very well. I even took to buying another African gas supplier in Wen, as small company like Vog, but at the other end of the management and profit spectrum.
happysparrow- Something on Eneo and West Med is possible, yet I would not hold my breath on Aksa being a surprise anytime soon, as I previously went onto the basic Aksa website to see where it looks to be in their own pipeline of projects, and it is only listed as a potential future project. Lets see if the potential project gets a mention in our next update. My main concern is without any of the previous mentioned surprises happening, they have little to drive the SP up, as we know based on current operations, they will need to tap the market for more cash within 6 months, as their operational costs are too high to turn a profit. I would feel more comfortable if Roy Kelly had spent more of his professional career in the Magic Circle as opposed to also rans in the oil and gas industry, as it's rabbit out of the hat time, rather than strawberry conserve in the distant future. I continue to hold more in hope rather than expectance, which is seldom provides a rosy outcome, but we shall see Mr.Sparrow.
i couldnt possibly say, but its not your first thought :)
Still on advfn tho if interested in his 'contributions'
BookMD - Regards Aksa: well worth looking at the Bowleven presentation - https://www.bowleven.com/system/files/uploads/financialdocs/agm-presentation-2020-master-1_2.pdf
Blvn have 2 options for the domestic route - Aksa or Limbe. They have 1 tcf of gas to supply. Both they and the Cameroonian Govt want this to happen. An FID needs to happen in the next 6-12 months. The Govt is likely to make terms attractive enough for Aksa to invest. Too, both VOG and BLVN are dependent on Aksa investment. This will happen this year, imo. [Nb: Blvn licence renewal end of this month. This will be a big blow to all if not renewed - highly unlikely to be withheld imo].
Happysparrow, I will have a look. Do you not think Aksa watching the whole saga of Vog being shafted by a government backed company, may not have put them off a little?
BookMD - Aksa will have looked into this from the outset and taken a view then. It is still very much a part of BLVN's FID considerations. See p18 of presentation:
Key Uncertainties
? Domestic supply is hampered by the need to sanction and
fund new gas fired electricity generation schemes.
? Electricity transmission infrastructure improvements required.
? Concerns regarding surety of funds from electricity sales.