Member Info for 3cardbrag

Rns . O.1 GPT doesn't sound a lot to a layman such as myself. Any gold experts care to suggest otherwise?

Of course you will.

Biggs. Let's not forget the AGM over 1 year ago when Foo insisted he was in the process of arranging a Visa for a trip to Russia to do a deal on westmed. I do believe that MT's assertion that Sparrow is Bingo has some legs. Coupled with RF68 as PB. Kinda fits.

Expert??? Oh sorry you mean Malcy. PMSL

Yes. I would have thought we were past the stage in our development where a small quartely spike on updates gradually dissipates over the following 3 months. After all we are cash positive and profitable with a number of operations on the go and more to come.

You,re just twisting things to suit your argument.
Anyway Logbaba and Bassa power stations were not intended to be temporary. We only got a 2 year contract initially due to cocerns about our capacity. VOG was after a 5 or 10 year contract but once the 2 years was up Eneo could see how desperate we had become due to stagnating industrial sales and mounting costs. We were over a barrel and at their whim.

Re " ENEO were never going to be a big offtaker. They were max 12 mmscf/d and at a very low price paid for gas . "
Quote "Today's agreement with ENEO is truly a game changer for VOG. We have secured a major, near term user of gas for our Cameroon business. We are now becoming an active part of the Cameroon energy equation" Kevin Foo 29 Dec 2014.
Are you really saying that $9 per m/scuff up to 10.4 M/scuffs for 50 m/watts is very low when compared to $16 for companies taking 0.2 m/scuffs?

By the way - after you had done all your extensive research and prior to investing at a snip of 4p per share, did you check to see what had happened to CNG, energy wells, Westmed, Matanda drilling etc?

68 - re "VOG have pulled in all the thermal big users available in Douala. Some smaller thermal customers still can be connected but only for small amounts of gas"
That is not at all what they were saying several years ago. The whole point of the pipeline was that it was carefully routed to go past lots of medium and large industrials and would only require a small branch off to each company it passed. Even before the Wourri River across to Bonanberi they were talking of as many as 60 customers.
And even 0.3 to 0.5 of a m/scuff at $16 was a prize worth having as the infrastructure had already been paid for. I recall the SP would shoot up each time we received an RNS of another 0.3 customer.
If you are saying that all the worthwhile companies have already been snapped up, either you are talking out of your 'arris or the company lied to us. Which is it and what do you regard as small?

Cereus - the fools who get duped by some smarmy American stranger on the phone deserve all the get.
It's the mugs like the rest of us who go through the proper channels and research things then get duped that I feel sorry for.

Wrong wrong wrong. I didn't say 60-100 mscuffs. I said 60-100 customers. One might reasonably assume that if they had delivered what they promised, the industrial sales would be at least double their current level.

Banjo - several posters on here, including myself, stood talking to Foo and the newly appointed Dik at the AGM over 2 years ago and Foo all but promised that by now we would be selling over 100 m/scuffs. This was only a few months after many of us had been persuaded to part with more cash at the 57p raise.
How stupid were we?

Banjo - Jed is correct when he says that originally VOG aimed to sell to 60 and even 100 industrial customers all those years back. It's utterly ridculous to praise VOG as having a bright future due to having 30 customers, when they had more than that years ago. We have gone backwards BECAUSE of the greedy grab for big power.

Jed - Careful what you say about Foodik. I got a temporary ban last week for much the same thing. Not allowed to criticise.

By contrast I sold some yesterday at just over double my average. So most of my remaining shares are now free. Still see this as great long term hold but with talk of a second downturn, I'm hedging my bets and it also leaves me with a little pot for some bottom feeding should that transpire

Got a shock when I saw the headline figure this morning for ABF's quarterly update until I read that the huge decrease in T/O was due to Primark being closed. Positive was that food was 9% up so looking forward to our next set of figures.

..... has barely moved in the last 3 weeks. Not sure if that's a good or bad sign

No surprise. All resolutions passed comfortably. Directors now have renewed power to issue loads more shares and they will. They just can't help themselves. But you won't get any. Yours are reserved for when the SP is 57p, not 3.57p. Remember?

Trent. Controversy sells. And Piers has it in spades

Fear not lbjj. It's only been delayed so that they announce the granting of the mining concession at the same time. Lol