strowan lea.....Its the difference between trading what you see and just hoping something good happens.
The short argument is that we know they have two Bonds. We know they have a loan in the wings. We know Bonds get hedged and loans get sold through the market. We know that VOG has a huge estimate but the market doesnt believe it. We know VOG hasnt made a major find. We know VOG has an sp at £69 million but is burning cash fast.
The long argument is the hope they find something big before the money runs out.