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VOG 2005 New Thread

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Ellemaitch - Mon, 19 Dec 05 :

I think we will drift but at least there is a good "bottom" now ; at the end of the day , no matter whether we are up or down , the same amount of gas will be there and in the long run , that is what will determine where we go ; not MMs , not buy/sell ratios .The discount offered in the placing only looks so good because of thursdays and fridays rally . Prior to this , would have only been about a 5% discount to market . At least it looks more inviting . I think they brought the RNS out to clear some of the uncertainty instead of waiting until all shares had been placed . However , depending what type of lock in , a 20% discount to market seems reasonable


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