Member Info for Kalan

Default
Shorters get whiff and short
Tailspin in sp
Nomad spooked
Nomad quits
Shares suspended

" tailspin into suspension due to debt default" QED.

The sp was .38p to .6p before the tailspin into suspension due to debt default. If we get a favourable result in Court I see no reason for the sp to rocket into the pennies. Your 0.8p on over exuberance at positive Court news is about the best that can be hoped for IMO Rainbow - taking 0.8p and re-investing on pullback would be very wise IMO - don't be swayed by the massively over enthusiastic positive always posters - they get us all into trouble if we listen.
If we are re-listed before a Court conclusion then we can expect somewhere between .1p and .2p IMO. Which would open up a possible trade to the upside and the beginning of trading our way back to break even.
Buy and hold has never worked for this share. Anyone want mine for .25? Down at £0 on my spreadsheet - only upside possible from there.

Good luck Rainbow - would you take break even (.66p) if it was offered to you right now?
My break even is .46p. considering that we can currently get £0 for our shares, I would take 0.25p for definite and wouldn't take 0.1p. In between would be a tricky decision.

Hi bigsmoke - on 2nd January I said that I thought the sp was now in a range of 18p to 25p and that selling into the recent strength would probably have been a wise move but WTFDIK.

You replied with yes "WTFDYK "- which I must admit really put me in my place and indicated that you placed little faith in my considered and well argued position.

Now you think we "could see 18p soon". 2nd January page 7 of these posts at the moment - give my post another read - maybe we should not dismiss alternative views on a share so readilly - no need to apologise - I have thick skin. Good luck with your investment here.

Next Thursday is my guess for the quarterly update. Should be comprehensive and often followed by an interview with Leon.

Doing the same numquam. A fall below 112p and failing to find support at 109p would open up a large head and shoulders pattern which could take it all the way back to 66p. So holding off buying for now. Equally the head and shoulders pattern may not be confirmed and the sp run away upwards - giving it a bit of time to see how it pans out.
Great prospects here and a lot of it being put in place at a rapid pace.

Presentation obviously impressed some punters.

Can sell at 2.425p. Spread has narrowed. Are the managed trades over? Waiting to see if they widen the spread again later for more managed trades. Managed trades are ok so long as the sp rises at the same time it will be a positive sign.

Would take about 10 weeks at the current rate of sales but that can accelerate later this month.

If Carling did suspensions lol.

Get your point Rainbow - Rotherham said the same to Man City - if we knew they were going to score 7 we would have played 10 defenders - we demand a people's rematch cos we can't accept we lost.

We leave or we are no longer a democracy. The people gave parliament an instruction - they will be in contempt of the people if they do not go through with Brexit.

90% of people who voted leave that I have asked say they will not vote again and 50% of remainers say they won't vote again - a second vote would be pointless. Although, if a peoples vote does work then I want a peoples replay of Man City v Rotherham and will continue to do so until we win - could take longer than Brexit lol.

If you voted leave or remain it doesn't matter - what matters is our democracy - a few words shouted at one MP will pale into insignificance compared to what will happen if MP's kill our democracy - no more voting, no more paying taxes, no more law and order - do what you want, how you want, to who you want - MP's need to get this right before the rioting starts.

We all expect a re-rate on news and this may happen but it's the supply and demand for shares that make the sp move. There is a seller (prob BMR) and a buyer who are being matched each day with an orderly transfer of shares based on prices at market value. The fact that the latest sell is at 2.3p rather than 2.25p is positive. The real move may come when the seller is out of shares and the buyer wishes to keep adding - then they will have to enter the real market to pick up shares - then supply won't be able to keep up with demand and others will be attracted as JLP hits the top movers charts and the snowball effect sets in - we can dream at least. All the fundamentals look good and the chart is supportive if not exciting - holding and waiting.

From what I have read Mole is a well researched investor here who has pointed out the great potential here. He is always a positive poster. An optimist. As there is nothing positive to say in the current situation then why should he need to post. We can keep on going round and round in circles saying the same things but he doesn't have to join in.

Not looked in for a while - pleased to see holders getting some of their value back and newbies showing a profit - all good.
Overall the situation has obviously improved. The new deal is in place which is massively better than nothing. ENEO obviously had VOG over a barrel and VOG will now receive about 42% of what they were receiving before. So the sp has to be lower than where it was before. On the upside some increase has been made in industrial sales and on the downside, VOG had much lower income for many months and so the cash situation has deteriorated.
A new area to be developed has permissions and as Maicy says it can be linked to the Logbaba pipeline. Unfortunately VOG's main problem is not lack of gas - it is still lack of sales and a lack of free cash flow to bring it's assets into play.
The company now looks a goer again but finance looks to be high on the boards list.
I, for one have missed out on the recent rise which is quite high in % terms, but at the time the risk didn't look worth it considering the downside. Broker saying 70p based on assets - which is good news but those assets won't belong to VOG unless they become profitable. More dilution should see the broker lower the target price into more realistic territory. It looks like 18p to 25p is a reasonable sp playing field for now - selling into recent strength may have been a wise option for holders but WTFDIK.

Project earnings set to more than double in 2019, then treble in 2020 and almost double again in 2021. Delivery needed of course but even 60% to 70% delivery would be a remarkable turn around.
Altogether 12 to 15x project earnings of last year starting in 2 years time.
Also, by my calculations, Hernic has another 7.3 years at full production followed by, potentially years after that at one third current production. Fine chrome roll out there will also add substantially to profits.
As well as the framework agreements with the 3 large companies we have copper and cobalt mentioned in addition to our current suite of metals.

Demand a place on the board and demand a right to veto. No agreement then no cash. End of FRR. Now you can cash in on Fees poor management and seize the asserts and manage them properly. Would you? Of course you would. What about the poor little investors like Kalan - well more fool him. Let this be a lesson to him for the future. In fact I am doing him a favour by giving him a valuable education. Are you acting illegally? Don't think so as FRR agreed to everything and then had the audacity to slap an injunction on. Judge overturned that. Their adviser has quit. Shares suspended. Game set and match. Well done Outrider and Mr Hope. Money transferred from the incompetent to the competent. Well done Winnifrith and pals you bet the right way whilst we all got it wrong.
I know - I am talking tosh - but maybe just maybe there is truth in the above and we are the naive amateurs who are getting what we deserve for our greed. Just a thought or two.
P.s. if we dragged the first boat of refugees back to France and torched the boat after disembark g and showed it on TV they would soon stop coming and that would save lives. Do holders do no good. They aren't refugees from France they are safe now. Why are they desperate to come here. Because we are too soft. This who support the refugees in coming across the channel and say they should be allowed to stay have blood on their hands.

I'm with you Spike - my £3,600 investment had fallen to £2400 and now I have it written down on my spreadsheet at £0.
Nothing bad can happen to me here now - I have written it off.
IF my shares are worth anything at all then that will be a bonus - got it into my head already - now there is only a chance of some upside here.

Thanks Mole - excellent summary.
Since this is a " titanic battle" should I put my money on the iceberg rather than the ship we are sitting on?

In summary you say that FRR has gradually put themselves and ourselves in a worse and worse position, resulting in all shareholders being put in a position where they lose almost everything - apologies if I am misrepresenting what you say.

Merry Christmas Rich and a happy new Tungsten.

Further drilling results, completion of deal, profits, dividends and expansion of business through new customers.
75p in 12 to 18 months.