Victoria Oil & Gas Share Discussion Threads

[peterpowell21] 22/11/2016 12:12

go for it dean lol

ask them where all the money has gone as well.
all that money from grimm.

and ask them if they will ever have a full set of audited accounts done.
around $300m spent over the years, it would be nice to get these account audited for a change.
after all it not like only a few million have been spent over the years.

[deanroberthunt] 22/11/2016 11:42

ok leave it with me...

[deanroberthunt] 22/11/2016 11:40

I need to push this point because if they have misrepresented accounts, or blatanly lied, thus fraud on accounts, I'll need to bring this up with Shareprophets and the FCA...as I can't abide this sort of thing.....

[peterpowell21] 22/11/2016 11:40

dean
yes,with creative accounting.

[deanroberthunt] 22/11/2016 11:32

peter

so you're saying they didn't generate $4.9m of net cash in H1, they just made it up....

[broncowarrior] 22/11/2016 11:17

Yes, they should be able to get all of this stuff for free or pluck the money from the magic money tree.

[deanroberthunt] 22/11/2016 11:03

profits are a matter of opinion, what matters is cash

[peterpowell21] 22/11/2016 10:55

dean
well you know what they say, when you start getting rampped on justin the clowns programs be aware of a placing coming.
i liked his first words "from cradle to grave" well its certainly been that for any investor that got in here. in fact never mind "the cradle" anytime.its all lead to the same end, "the grave".
Is he now the spokesman for Foo?

so lets look at the facts here.
two new brokers.
brokers notes again saying how cheap it is.
people ramping on justin the clowns program.
two new well at $40m.
more millions on pipe laying.
gas plant needs upgrading.
$10m needed for the work to be done on new licence it has.
not making a profit.
only own 60% now.
debt finance nearing the end.
all adds up to a placing coming.
question is before or after chrismas.

[fatnacker] 22/11/2016 10:37

what sort of a half wit argument is that prowler? moronic clap trap.

[deanroberthunt] 22/11/2016 10:17

drop in at 18 min 38 secs :)

[deanroberthunt] 22/11/2016 10:10

with 12 new customers coming online imminently.....60% of that azwell

[deanroberthunt] 22/11/2016 10:10

with 12 new customers coming online imminently.....60% of that azwell

[deanroberthunt] 22/11/2016 10:08

so this company generates at least $10m of cash pa......to appease Sleveen, I'll take 60% of that :) ....so $6m cash....pa, how many AIMers can you say that about....cashflow positive....

[fatnacker] 22/11/2016 10:06

" pay a divided " I think it was probably you that suggested it prowler because no one else knows what it means.

[deanroberthunt] 22/11/2016 10:03

profits or not can be clouded by one of exceptional costs, write downs, impairments, fanciful accounting methods and the like....

the ultimate judge of a company used by most pop pickers is after everything is taken into account "how much cash did the company generate".....

the true worth of a company is judged by that.

[deanroberthunt] 22/11/2016 09:31

The Group had strong cash flows from operating activities of $13.4 million during the period (prior period: $8.7 million). Working capital increased by $8.5 million (prior period: $5.8 million), mainly due to increased trade and concession partner receivables, resulting in net cash generated from operating activities of $4.9 million (prior period: $2.9 million).

[peterpowell21] 22/11/2016 08:52

who said good news is coming?
what would that be, dilution.
maybe another consolidation ?
news on contract being renewed with ENEO, but at a reduced price?

or has someone dropped a spanner down the well head already.
none of the above would be good news to most people.
but a few of foo's disciples would spin it as good news.

[sleveen] 22/11/2016 08:49

or VOG/GDC now have 60% of the revenue generated by the project whereas previously they had 100%.

That's another way of putting it.

The financials will still be the same ...A LOSS