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The Group has also undertaken a review of its cash investment strategy. The purpose of the review was to consider how to increase the rate of return earned on its cash deposits without any major shift in the risk profile of the investments. Historically the Group has invested its cash deposits on short term Money Market deposits and in various investment grade cash funds. Following the review, the Board has decided to invest a proportion of the available funds in higher rate of return investments such as corporate debt funds and investments in specific businesses operating within the wider oil and gas value chain. By their nature, these will have a higher risk profile than the existing investment grade deposits currently being used. However, the Group will only invest in low risk, non-speculative investments.
I don't know if anyone has taken a look yet at I3E ? worth a look as always DYOR.
Decided to get out today even though I had to take a big loss, in fact my biggest. Sold on the basis my money can be used better in another stock rather than wait for the long climb back to break even. I have held in with BLVN and VOG probably for way to long. Will stick with BLVN and agree with Oldtimer its probably got a get better short term future, simply because of the pending drills. Hopefully VOG will get back to its normal levels very soon. Still think something positive is going on behind the scenes . GL
Why on earth would BLVN want Bonomo back ? No I don't think BLVN has invested in VOG. BLVN are now a holding company and the only game in town for us is Etinde ! I hold VOG as well, so not being critical of VOG
Wow ! Kevin and co , greedy bastards to the bitter end ! I question their ethics over the decision to drill Bonomo and how they reported post drill. Their deal with VOG says it all and they should been held to account. Its a shame the threat of litigation could not been used to send them all packing FOC.