Member Info for Phoebus

Can sell ABOVE mid and real ask!

Trippy, for you to ignore the galactic gulf between VLRM's net current asset position and its market cap tells me everything I need to know about your lack of understanding of investing and company fundamentals. Aside from a very tiny crypto mining set up producing almost no revenue, the project that VLRM shareholders are currently paying £31.5M over net current assets appears to be what I would refer to as hot air. If that seems a good price for hot air then fill yer boots. I however decline to do so. Same goes for WCAT. Best of luck.

Definitely far too cheap at this level. After recent placing next move was always higher. Venus drill anticipated in a couple of months should light up the SP as people rush into Nambian oil tiddlers in case a new oil province opens up. This has a habit of moving up very quickly when it goes. GLA

I honestly don't know how anyone can say VLRM is worth its current £33.5M market cap with a straight face. VLRM's net current assets look about £1.5M which equates to a miniscule 2.2p per share as against a SP of 51p. Only stock in this sector that looks more overvalued IMO is WCAT. COIN looks a bargain by comparison.

Bang on breakout point and clear up to 20p. Reached 38p in less than 4 days last time it moved up through 12p.

Me too. Think the last time I invested here was for the Mako and Dempsey drills in 2017. Can't believe it was 4 years ago. Been looking forward to this moment for a long time. Not long to wait now. GLA

Cheers Maqsood. My guess was that Aquis trade data encodes the buy or sell info for each trade.

100K @ 11p is showing as a buy and it's been accurate so far IMO. MMs willing to buy plenty now too.

Certainly looks like a breakout is on the cards. This moved extremely quickly from these levels to 38p last time. Could get interesting. Perhaps NFT hackathon news is drawing some interest. Certainly cheap compared with VLRM.

While it's good to be cautious, I've waited patiently for this one and now looks like THE time to buy IMO. Prospects are excellent and there should be plenty to drive the SP much higher over the next few months, which will make further funding a formality. Signposts are set.

While it's good to be cautious, I've waited patiently for this one and now looks like THE time to buy IMO. Prospects are excellent and there should be plenty to drive the SP much higher over the next few months, which will make further funding a formality. Signposts are set.

The 12p warrants will be exercised IMO as this rockets into drilling. Excellent looking prospects with very high COS for exploration and right next to major Chinese oil fields. Should generate major investor interest and now there is no excuse not to buy. Mako is cherry on the top.

The 12p warrants will be exercised IMO as this rockets into drilling. Excellent looking prospects with very high COS for exploration and right next to major Chinese oil fields. Should generate major investor interest and now there is no excuse not to buy. Mako is cherry on the top.

Agree 100%. Lack of funding has been the only thing holding me back from investing here. With today's placing and the 12p warrants they should have more than enough to drill the well even if there is no FO. Expecting a move to well over 12p. Time to back up the truck. GLA

Loan is not $21M.

MNN, OMI's partners are only spending $4M or £2.8M per year for that 80 person team. With $6.4M plus a $21M term sheet CORA has equivalent of nearly 7 years of spending on OMI's licence. Seems good.

MNN, OMI's partners are only spending $4M or £2.8M per year for that 80 person team. With $6.4M plus a $21M term sheet CORA has equivalent of nearly 7 years of spending on OMI's licence. Seems good.

I'm hoping for a takeover, not a morph into another asset. I want to be the one to decide where my investment cash goes next, not the BOD. When a mining company sells an asset and gets the cash instead of shareholders it's all to easy for them to fritter it away, especially if they are more interested in doing geology than making money. One of the original selling points of OMI was the fact it was a single, fully funded project which made it a simple low risk investment proposition. If we are diversifying to other projects that require cash then that proposition changes somewhat.

I'm hoping for a takeover, not a morph into another asset. I want to be the one to decide where my investment cash goes next, not the BOD. When a mining company sells an asset and gets the cash instead of shareholders it's all to easy for them to fritter it away, especially if they are more interested in doing geology than making money. One of the original selling points of OMI was the fact it was a single, fully funded project which made it a simple low risk investment proposition. If we are diversifying to other projects that require cash then that proposition changes somewhat.

Alternatively Brad cuts a fine figure in the left hand column of this web page. Looks like he's wondering why the SP has tanked since his snazzy presentation yesterday.