Volga Gas Share Discussion Threads

[rumobejo] 12/8/2019 11:39

and when there is a seller in the background there is downward fire too!!!

[novicetrade68] 12/8/2019 09:04

Because it is so illiquid market makers can sell as many shares they don't have with (apparantly) no time stamp required, should be investigated imo, where there is smoke there may be fire.

[russman] 12/8/2019 06:36

Very illiquid. Not an ideal short.

[novicetrade68] 11/8/2019 12:45

And only 80m shares in issue, pretty sure some punters and dodgy MMs like Cantor, Wins or Singer are short, MCAP less than £30m is a p-take imo but VGAS is not the only victim of this MM-short-scam-and-never-owning-any-shares.

[russman] 11/8/2019 08:48

Still considerable positive cashflow fcast 2019.
But are they going to drill more/ buy reserves or pay out divis with it.
Time will tell.

[novicetrade68] 09/8/2019 13:54

I'm not so sure there is a seller at all, once you start getting a quote for over 10k shares, 'market makers' are charging almost a penny extra per share...normally when there is a persistent seller you can buy easily 50k shares of VGAS in one go and get the same price?

[novicetrade68] 09/8/2019 04:24

It's a trade from the day before......

'MMs' were quoting 30p/35p during that day....

[rumobejo] 08/8/2019 19:19

100k printed at 33p, keep sucking it mugs

[datait2019] 08/8/2019 12:50

A small p and d today

[novicetrade68] 08/8/2019 12:25

I think 45p within a month is fair and square; instead of 4,950 annual production they're now going to produce 4,400, but it's all free cash flow; for me the most important thing is that the company isn't drowning in debt and immediately starts breaching covenants due to a production loss, but hey ho there is no debt.

[momentum1] 08/8/2019 10:48

Bullish signal here on the daily for all you chartists out there.

[rumobejo] 08/8/2019 10:32

feed'em sucker, by close they go away with their 10% and leave you with the seller holding the baby, seller just keep selling...

[momentum1] 08/8/2019 09:33

Not a bad shout down here. RSI oversold massively.

[rumobejo] 08/8/2019 07:57

novice indeed!!! there is a bloody seller getting out at any cost and will keep trashing it down...expect the unexpected!!!

[rumobejo] 08/8/2019 07:56

let's ask this question again when it goes lower into the 20's....

[novicetrade68] 07/8/2019 17:57

I would say 50p++ at least, and I've been loading up the truck here this week.

I think people got spooked with the 2,830 bopd number this week, but in my view you have to look at their average production number for 2019, which is going to be 4,400 bopd equiv., which is the number that's going to end up in the accounts.

All you need to do is compare that number, 4,400, with their 2018 results as announced on April 8th and make up your own mind.

One thing you'll find, among others, is that all their debt has been repaid and pretty much everything is now free cash flow.

And there are certainly a few more nuggets in that report which would one make believe 75p is possible too if you're investing for the long term.

I could be wrong of course so feel free to argue otherwise!

[costax1654x] 07/8/2019 17:40

Wonder where is going to stop?

[rumobejo] 06/8/2019 17:11

new lower low ever day from now on, 10p is coming...not sure if they would be still paying divi by then...

[russman] 05/8/2019 18:38

Still think the licences have value.
Just need to hit find it.

[costax1654x] 05/8/2019 11:27

Good luck all

[costax1654x] 05/8/2019 11:27

Sold here and moved to I3e