Victoria Oil & Gas Share Discussion Threads

[smokyjoe] 13/2/2018 16:33

I intend to, but a little reassurance from the BoD wouldn't go amiss

[highasakite] 13/2/2018 16:32

All the nutters getting upset on the other VOG thread and they are non holders.

Hilarious stuff.

[paranoiabluedr] 13/2/2018 16:26

Good Grief, We will get there in the end.

ATB to genuine holders, add on the dips. Ignore the noise.

[smokyjoe] 13/2/2018 16:25

I agree there needs to be a reaction for the BoD to recent developments, or this fall is going to continue. No news is not good news in this case.

[sleveen] 13/2/2018 16:24

the pilot light?

[bigdazzler] 13/2/2018 16:22

Last one turn the lights out???

[tr4v2] 13/2/2018 16:17

Lights out, all out, for VOG


Hahahahaha, I win. Took a few years but i was right all along. VOG the DOG is dead.

[sleveen] 13/2/2018 16:16

It would be amusing if VOG management release an RNS saying we have no idea why the share price is falling.

Everyone else does.

[peterpowell21] 13/2/2018 16:11

well as i forecast they are now in the 20p range yet again.
A RNS now with bad news will see 10p range coming into play.
The chart tells you all you need to know.
Some fools trying to catch a falling knife.
They are going to get there fingers cut off.

[peterpowell21] 13/2/2018 16:04

Looks like something going on in the background.
Volume shot up with some big sales.
Will we get a RNS saying we have now idea why the share price is falling?
Or a RNS with more bad news.
I am betting on the latter.

[smokyjoe] 13/2/2018 15:56

damn virtually sub 30p already, ffs!

[sux_2bu] 13/2/2018 15:47

Another aim share going bust.

[sleveen] 13/2/2018 15:39

Ask yourself:

Why no Q3 update,

Why no Q4 update.

[sleveen] 13/2/2018 15:05

Don't forget without the dry season gas sales ie Jan to June (when VOG makes its profit from ENEO) VOG will be struggling to generate cash.

IMV if the contracts aren't renewed in the next 3 months VOG will be bust, with no way of repaying the bank loan...administration beckons.

AVOID.

IMHO.

[clunes100] 13/2/2018 11:29

Peter, sad story now, for the sake of anyone holding, I hope Foo can pull a couple of rabbits out of the hat.

As you know I pulled out a couple of years ago for the first time and even with things going VOG's way, at best FOO would have built a massive infrastructure with the on going development costs eating up any return of value to shareholders.

Foo is a dreamer and if some of his visions had paid off he would have been a hero but they have always been high risk. I certainly do not feel sorry for him, he has drained a great deal of gravy from beleaguered shareholders.

[highasakite] 12/2/2018 22:48

The last paragraph is quite relevant to VOG.

[clunes100] 12/2/2018 18:24

I have just been asked off board - why I stuck with VOG so long?

In one word - margin.

VOG's margin meant that once costs were covered, profit should have gone exponential. However, the combination of reducing margins, increasing costs and failure to grow revenues negates the margin argument This is further compounded by growing debt which is accelerating due to ENEO's failure to pay and cancellation of contract. The debt burden is such that further dilution is probably the only survival straw to clutch onto.

I actually wonder if VOG as it stands today is actually a going concern because I question whether VOG can service debts and liabilities on the current revenues. Some of us also remember the massive dilution when RSM delayed paying development costs.

Also, I actually believe that ENEO is not the only bad debt VOG is carrying at the moment, I heard that some of the high margin thermal contracts were defaulting.

Following the last dilution, I also suspect that VOG's failure to get bank financing when the BOD said the banks were clambering to lend was either misleading at best or the VOG balance sheet was already in trouble, and dilution was the only option.