Victoria Oil & Gas Share Discussion Threads

[pjj71] 09/1/2018 09:45

the hoover is becoming a dyson ;)

[pjj71] 09/1/2018 09:45

the hoover is becoming a dyson ;)

[highasakite] 09/1/2018 09:22

700,000 sales and no shift down on the bid.

Someone is clearly happy to take these shares off the sellers.

[temmujin] 09/1/2018 09:15

700k volume now...getting silly

[highasakite] 09/1/2018 09:12

"With oil well into bull market territory you'd do so much better in stocks like PMO SDX RDSA HUR et al....without the power deal it can't repay the loan"



Without the ENEO deal VOG can easily make loan payments.

The recent fund raise would clear the loan anyway in one hit.

[pjj71] 09/1/2018 09:11

will probably see some of the short-come-lately s from the other board closing the mega-bash positions from the yesterday's open, forced to close soon,,,

[pjj71] 09/1/2018 09:09

someone is filling their boots!!!

[temmujin] 09/1/2018 09:08

wonder who is buying all those triggered stops?

[temmujin] 09/1/2018 09:07

huge volume again..over 500k first hour

robbiekeane9 Jan '18 - 08:51 - 3412 of 3412
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Chinese need power supply - they have huge interest in the Cameroon docks and they do not want to be held to ransom by the government. Most infrastructure spend in the country is from China so if you are looking at a potential takeover then the Chinese would be in the running.

[robbiekeane] 09/1/2018 08:51

Chinese need power supply - they have huge interest in the Cameroon docks and they do not want to be held to ransom by the government. Most infrastructure spend in the country is from China so if you are looking at a potential takeover then the Chinese would be in the running.

[pjj71] 09/1/2018 08:28

big volume yesterday..

[pjj71] 09/1/2018 08:27

wonder if it is the 20% holder???

[pjj71] 09/1/2018 08:26

the hoover is back on the buy.. t/o coming??? at what price???

[fatnacker] 09/1/2018 08:11

So the business is over but a good price to buy would be 18p? Why 18p?

[temmujin] 09/1/2018 07:59

i think this is the end game...in that i mean takeover of VOG imminent

[temmujin] 09/1/2018 07:48

expect a holding rns soon...yesterdays volume was extra ordinary

[temmujin] 09/1/2018 07:47

- In early 2000 Foo became Managing Director of Celtic Resources Holdings Plc, a small public company with a market capitalization of less than U.S. $1 million. In late 2007 Celtic was sold to a large Russian group, Severstal for US $360 million. Celtic Resources Holdings Plc has two operating gold mines ...

[temmujin] 09/1/2018 07:44

ah but hasnt Foo been at other companies that eventually get sold off for a decent price?

[bad gateway] 09/1/2018 07:40

God luck with that theory but don't think thats the most likely scenario myself temm.
Seems cameroon is hell bent on bankrupting VOG. Most likely then they'll resell the licence and assocated infrastructure to the chinese for a knockdown price and a few big brown envelopes for Gov ministers.
Just another Churchill mining/oxus imo.

[3waysout] 09/1/2018 06:00

This business is over IMO. The cash raise covers the debt. The net cash flow generated will give you a valuation b/w $5m-10m at most (without ENEO contract resumption which even if it happens will incur a receivables provision and significantly reduced gas price) given the discount that needs to be applied.

The problem is that the capital market will no longer feel comfortable about trusting management. How will they fund the growth. It's a slow burn if you'll excuse the pun.

In the absence of this trust I don't know how they will be able to fund their future E&P activity to meet this oft cited domestic 'demand'. No doubt if this demand was real then ENEO contract not being renewed isn't an issue given the better margin from thermal customers. Management credibility is shot! They need a new team in place immediately or a strategic alliance with a bigger party.

You'd be a mug buying shares at anything over 18p in my analysis.

[3waysout] 09/1/2018 06:00

This business is over IMO. The cash raise covers the debt. The net cash flow generated will give you a valuation b/w $5m-10m at most (without ENEO contract resumption which even if it happens will incur a receivables provision and significantly reduced gas price) given the discount that needs to be applied.

The problem is that the capital market will no longer feel comfortable about trusting management. How will they fund the growth. It's a slow burn if you'll excuse the pun.

In the absence of this trust I don't know how they will be able to fund their future E&P activity to meet this oft cited domestic 'demand'. No doubt if this demand was real then ENEO contract not being renewed isn't an issue given the better margin from thermal customers. Management credibility is shot! They need a new team in place immediately or a strategic alliance with a bigger party.

You'd be a mug buying shares at anything over 18p in my analysis.

[deanroberthunt] 09/1/2018 05:15

With oil well into bull market territory you'd do so much better in stocks like PMO SDX RDSA HUR et al....without the power deal it can't repay the loan

[deanroberthunt] 09/1/2018 05:12

The cmeroon govt can't support power generation cos they don't have the money....it probably doesn't have rhe gdp of Rotherham!

[deanroberthunt] 09/1/2018 05:10

Anyone who can put a positive spin on this is just plain deluded and will get what they deserve....

[temmujin] 08/1/2018 23:14

should keep us going until the chinese buy us out..unless Foo claims more expenses

$1.7 Million revenue a month without ENEO? as a minimum I think.

That pays running costs.