Victoria Oil & Gas: Fundamentals & Valuation Summary

pinhead....I didnt say about the loan being drawndown in the summer, it was someone who attended the AGM where he said it was quoted (bit of a trawl but he did post on here ). I said it could be drawndown and hedged from January as per details on the finance RNS. But considering VOG seem to be muting aquisitions, have testing and drilling and also Kemerkol to develop, it makes some sort of sense. The problem is that any result of the investment is going to lag the loan being drawndown, so bad news of the loan hedge before the possibly good.
The reason I dislike these type of loans so much is how destructive they are to sp's. You can end up with mass dumping to the full extent of the drawdown. In the finance RNS its specifically mentions that IG can hedge, not much room for quibble on that one, VOG specifically makes a point of highlighting it.
imo