Member Info for VCB2

...some actual info about the testing in progress instead of bickering?

They have extended the size of the drill bit and found oil bearing formations.

Remember this drill is on the edge of the Venezuelan oil fields.
If CERP gets it right the outcome could yet be massive.

...it was going to be an all cash deal I wonder?
Certainly makes things way better from RLDs point of view.

Good points - deal still certain with Fura
Full cash rather than cash and shares

Bad points - delay until this Fridsy ( I think we can all live with that )

And that's the reason the mms will take a million at a time.
Look at the buys coming in now. Follow the money.
ORCP? Who are they?

Resistance at 0.04p finally smashed.
MMs taking big sells in one go to meet demand.
Hopefully this is the next ORCP.

....the next ORCP? Mondays RNS should provide the answer.
Fura involvement confirmed and it should zoom past a penny.
Money to be made.

They wouldn't waste money on casing the hole if the results were in doubt.
Plus the RNS talks about the problems of pressure.
Only good news on all counts. Confirmation its commercial will be 8p territory but remember this well is on the cusp of the great Venezuelan oil fields. Could end up being massive news here.

Aren't Tullow in the process of testing their find.
You dont take this long to test water.

...makes me optimistic.
And yes Mr Wierdo this can make 44p from 4p.
Brokers note 90p and gas production within weeks leading to massive income streams.
We may well spike tomorrow but give patience and wait until gas flows for the real returns.

I'll be happy for 48p to be new resistance.
Charts point north from here but 50p is the key.
Break it and we're clear.

It wasnt on the charts as resistance. Yet in reality is proving such a great hurdle to break.
Once through its blue sky!

...is definitely on the cards for today.
Which bank would give you 15% per day?
Follow the trend.
In it to win it.

Have reset my buy order 10000 at 15.5p.
Keep an eye out see if it gets processed this time.
Good luck all.

Perhaps the failure to rush to fill my Order was due to the mms having prior knowledge that the RNS was lodged late yesterday.
Today's announcement feels optimistic, but which way will the mms play it?

I put in an order at 4pm for 10000 shares at 14.90 which was the full ask.
It remained unfilled.
I will try again and adjust to buy at 16p.

Very quick movement and couldnt even buy at full ask!

Didnt think I'd have to buy in until Wednesday lunchtime, but looking at the change in the bid it's clear that the sp is due to move up.
Have to sell something to get in before close of play.

Knowing liquidation team is advisory and not official.
Takes the nervousness for 11th down several notches.
Seems the market has worked this out for itself now.
Onwards and upwards 40p+

Shorting this?
Apart from being practically impossible your understanding of the sells at the end of the day shows a scary lack of knowledge

When a company gets access to a facility of
$100 000 000 Its all you need to know.
The business plans must be cast iron in place.
This share will mult bag many times and investors will look back on why they didnt buy so cheap.
I once looked at buying QPP at 3p and was staggered to see it zoom past £1.50.
Miracles do happen, and remember ALGW is main market, a sign of things to come.

Why any investors are buying.
The trend is your friend.
There is no profit to be made her, either on short or medium term trends.
Almost guarenteed a loss on purchase.