Member Info for bigsmoke

"Buy the companies debt from in this case bank iof Cameroon...a company with the cam gov having a stake. Dangerous gambit. Oh, and RSM with a share in logbaba."

--You think a Russian needs to talk to CamGov or RSM/Grimm Jnr to buy from VOG's lender overdue debt from a close to insolvent company? I am not so sure. A simple standard assignment clause will allow. In any event, I think the bank would consider it. After all, this is Africa.

"The company could also borrow money from the market to repay the debt buyer, and from the speed of the placing can't see that being a problem.

-- another £10M or so? Where does that leave the LTHs?? Sounds like the PIs have to double down every Q to ONLY avoid dillution. Fair enough for an early stage company, but after 10 years, at some point you have to stand back and ask if there is a growing business here. I still think there could be. But there is too much near term ahead.

"For far less of the cost they can purchase the debt and call it in or short the stock. "

the word you missed was "or".....

try reading the post. it will help understanding by a multiple.

But all good. Methinks there are more diamonds where those came from... if needs must.
...

Found anything yet?

BD - we wil not get back to your TP. The business plan does not forecast that magnitude of growth. Even if it happened, as sage often rightly points out, the new ‘investors’ will sell into the rise and act as a massive headwind.

3CB - why would anyone pay value for an off balance sheet assets of indebted company STILL not at break even? For far less of the cost they can purchase the debt and call it in or short the stock. Simples. The trap must sustain FOo through his illness (probably contracted from touching so much money).

429,567 sells vs 2,353,353 buys and the rise is pidelly.
let's hope for news monday.

classsssssiiiiiicccccccccccoooooooooooooooooooooo

manipulation to what end? if that is the case, is it ever worth investing anymore? if someone can manipulate to achieve any end.

so be it. but the "business" has a long way to go to look "profitable". and if that point is reached, who gets their share first? our partner, the gov, our royalty master.

then ...... "Fully Termed Agreements and providing appropriate payment guarantees during Q1 19. "
https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/VOG/13937342.html

if not failed, then typical VOG style, drag everything to the last moment.

"The parties are committed to executing Fully Termed Agreements and providing appropriate payment guarantees by 31 January 2019." -- FAILED!
https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/VOG/13914190.html

Many PIs in Jan calling 30p in March.
Just saying.

Is it just me or was there more news flow in 2018? Yes, they moved Prod updated to Q basis, yes we are busy drilling, but is there a creeping list of newsworthy items getting missed?

That’s without the many a slip betwixt cup and lip.

Demand not proven.
Capex commitment.
Looks like any (on paper) money being made is already well and truly committed.

... on paper, if true.
Still no payment guarantees.

Do we not already have an existing unused facility?

Was Kennedy not connected to Savannah?

takeover? our partner in Logbaba, the state and our royalty master would never allow.

this has been designed in such as to act as a honey trap.