Member Info for Showmethemonet

https://eneocameroon.cm/index.php/en/actualite-communiques-en/communiques-communiques-de-presse-en/2903-eneo-today-some-answers-by-the-ceo

I think we’re in trouble!

Anything scheduled by VOG to tell us anything ?
It’s gone quiet
I wonder if those gangsters at ENEO have paid any money!

For obvious reasons there is plenty of hope that the share price will jump up to 15p once a firm plan has been announced. I’m positive about good news being announced in the next few months but I’m not bullish that we’ll see a surge in the SP. If it does happen it will take a considerable amount of time even when poly4lite is being sold. The company will be heavily indebted and SP dilution. Whoever stumps up the money will take priority over shareholders. Prepare for the long term: 5 years +

There was more nonsense in This Is Money with yet another nothing new article.

Let’s not be too disheartened. We have plenty to be disheartened about of course, but the company is still trading and at least the plug wasn’t pulled last week when no announcement was made. I have faith that something will get sorted...who knows what. What I have accepted is that there will be no great riches. It will take many years for me to get a profit on the shares I have bought, but I’m hopeful that in the end this company will deliver not just in share price appreciation but in dividend payments too. Who ever bails this company out will need a pound of flesh paid back to them first - in the end we must be faithful that Fraser won’t screw us over.

Don't panic - stay focused - remember the reason why you bought this share in the first place - you knew there'd be ups and downs. It will be alright by 2021.

I heard Malcy say that invoices tend not to get paid within 90 days and that Ahmet Dik was relaxed about this. Ok so why did VOG then make it a big deal by stating it hadn’t been paid and was in discussions to “resolve” this. Well if Dik is relaxed then surely there’s nothing to resolve?

Feels like ENEO wants to bankrupt VOG.

My heart just sank reading that update. If we need to “resolve” each flipping invoice then what hope have we got for the future? The share price is heading for 10p.

I’m a shareholder and ashamedly sitting on a 70% loss. I bought at around 50p and hoping with an increase in the customer base that it would give me a 30% gain in around 2 years. Then ENEO pulled the plug. Well I should say the Cameroonian government pulled the plug. I feel like a Dik, excuse the pun. On paper VOG looks attractive. But the reality is different and it’s starting to look really stark to me now.

I am pretty certain that the company has our best interests in mind. I really do. They really did believe they could succeed here. But the customers are simply not there. And the main customer, ultimately the Cameroonian government, being too volatile, and let’s be honest corrupt.

The Cameroonian government, if it really did want to strive to make the country develop significantly would simply not allow these power shortages. Development needs energy and certainty in supply. If there are to get inward investment then they must guarantee that. They can’t. The proof is in the pudding. They simply tolerate these power shortages and they stem from internal politics (elections) what have you. It shouldn’t matter who’s in office of course, the lights should always go on but that’s in the UK, a developed country with first world attitudes.

The only way VOG will prosper is if they can export the gas to other countries in the region or to China. For VOG that’s impossible. That’s why it’s my opinion that after everything has settled they will sell the company. When I say everything has settled I mean the insurance claim, ENEO are paying their bills to VOG and there’s clearly cash in the bank and Matanda is on stream. This will take a few years. Everything else like more customers and the tie up with Naturelgaz is just tinkering around the edges. VOG need mass consumption and that can only be from millions of people to use the gas. They’ll never get that consistently. Not by themselves anyway. That’s why they know that and once settled they will sell to bigger player who can.

As soon as I’ve made up my losses I’m out of there. This is my opinion for what it’s worth.

This share has ripped me a second rectum