Member Info for JustJimmy

Shorters are my only fear, fear as in just the way they seem to "attack". The recent rise will not go unnoticed. Great company, great pipeline and multiple funding options might well deter them.

Great to see the rise back to here from the recent lows .......... £ thousands of buys........ stock market is loony at the best of times but any guesses as to if shorters fancy this still?

Not at all, good news generally brings about a rise in SP followed by the SP easing back as folk take their profit. We can all see the money changing hands this morning isn't huge but the SP was up 40% at one stage...... there's no dead cat with VRS. Great future, great management and we are financed through multiple options. The future is nothing but bright as far as I can see.

I'd accept in the current climate and with no actual news of huge cash coming in from sales the SP is likely overvalued currently so it might well drop back to yesterday's level again....... not unusual.

I imagine their was confidence that there are enough options in the pipeline to see the share price rising over the coming months/year/2 year to make the funding deal sensible and attractive for all.

10% dilution in the current climate is nothing. Two years funding is a however, hugely advantageous. Cash is king in these times.

Whatever is in the pipeline order or deal wise is likely to be delayed due to Covid19, one would imagine.

Quite likely but the bounce won't happen for a few weeks. We should get back to the placing price soon enough but rising above that might well take longer.
The market has to recover in it's own good time.

I would expect to see us roughly at Aug 18 high sometime before Christmas..... approx £0.006. That's 8 times today's current price so quite a jump. I feel the asset and the funding in place for a bit is enough for the price to get to that. Unfortunately I think it will fall back again as has been previous form.

....... " I can wait for my 0.40p until finals in late May 2020" ........... surely everyone would be happy enough with that. It's just over 2 months away, that's over 4 times the current SP.

I'm not in the oil/gas game but £2.5m doesn't go too far in most industries.
Hopefully they have a decent POA for using this and it will bring revenue.

Just to clarify "there are now 2,500,000,000 (£2.5m worth) in circulation", this should read "there are now 2,500,000,000 (£2.5m worth) MORE in circulation"

"A total of 2,500,000,000 New Ordinary Shares are being issued pursuant to the Fundraising, of which 735,714,286 First Tranche shares were admitted to trading on AIM on 19th February 2020, with the balance of 1,764,285,714 Second Tranche shares expected to be admitted to trading on AIM on 11th March 2020. The New Ordinary Shares will rank pari passu in all respects with the existing ordinary shares" ............. the SP is the SP, there are now 2,500,000,000 (£2.5m worth) in circulation. It's a dilution but it means we are now funded and hopefully on course to make money from the assets.

Today's VRS chart is very FTSE100 ish, almost a trace.
That's not too bad all considered.

Indeed........ the stock market has never been rational. Look at Coca Cola.... $40 in 1998 and took until 2012 to get back to that :)

If you believe that VRS will make a deal with one or more companies that will yield millions of annual revenue than the current share price is immaterial to the future one, IMO.

........... what's known as a docket flasher in bookies

It mustn't have been an overly diversified portfolio if a 75% drop recovered in 6 months?

..... The placing was of course agreed weeks ago.... Likely if not definitely when the SP was less than what it is now.

Not Baron oils fault that folk myself included bought in at lofty highs

Yes... I bought in higher then you so I'm not overly enthused by current price but long-term I'm confident the fundamentals should ensure a positive ROI.

I might well go again with 25% of my initial investment to double my holding..... Ish.

Indeed....... The Peru work is now more likely to go ahead this year...... The new shares were all hoovered up so as bad as things are it's reasonable to expect a yield from here.

I'd not sell out here & I've a small few quid (yet significant to me) invested at 4 times current price

"£2 million is not a lot of money" ............. but it's clearly enough for VRS to carry on with their game plan.

I was thinking earlier today that this week might have really pleased some investors from a good few years ago, best of luck.