VOG 2005 New Thread

Borrowed from another poster...hopefully he does not mind..

,,,,,Amities / Slt ....,,,, Yes indeed !! Accompanied by the pungent smell of burnt shorters as news of a £12 million placing with a couple of the smallcap specialists of premier institutions was announced ..Bought 10,000 more to add to my 50,000. ( @ 89p) The last time (July 2004 ) that VOG placed £5 m with lnstitutions @ 37p the s/p tested the waters of 58p within days . Lets hope the same percentile gains are to be had here . Good news for both trader and investor alike. For the former - a nice immediate profit . For the latter a strong springboard of support underpinning the s/p . What with a plethora of "mentions" ,here and there, tucked away near the back of all the financial publications recently, culminating in Money Week , "Shares " and lC , i am absolutely convinced somebody knows a lot more than meets the most eagle like of eyed. Volume is not only sustained but rapidly gaining momentum. Many traders and "T+ 10, 15 and 20 "who bought at the recent drop to 78p to 80p will have played the percentages - as traders ALWAYS do - and in doing so today constituted theor own part to the number of sells today . No trader ignores 20% in three days trading . Currently shorters are content to sit on their hands as although Vogs T chart illustates a perfect example of a share totally devoid of eco indicators as to its direction or movement except DOWN .Well doomed actaully .Utterly. People even spoke of 50p and suggested the spread in the s/p made it a remarkably unattractive buy . Due to this variable alone many traders/ participents who had not done thier homework likewise assumed there was only one way, and that was sadly down; and so they sold .Sadly . . . After all, who wants to pay for a companies fund raising exercise ?? Buying and selling shares at a time such as this can prove quite expensive . . Although trading appeared quite quite aimless and listless in a company immersed in an " institutional placing " the s/p proved to be very reilient and strongly resisted 78p . Placing price was debateable as VOG wanted a placing price based on the median past 90 days price . Advisers to buying parties wanted the placement price @ a median of 180 days . Quite understandable really . .What with negotians complete i must admit it was a very upbeat George l spoke too ...."discreetly confident " ,, According to Fox cap whose own chief analyist wrote a very costly recent report which suggested the K. find alone carried an /s/p of 81p to 129p . .. Vog are seen by the consensus of analyists as a " Strong Speculative Buy " with an upside according to certain quaters of 390p to a very agressive, price tag of between 990p and 1092p .... On wedneday i heard through the grapevine that VOG was raising a furthur £12 million and not £5 million as many had predicted and voiced on many boards ..By Wednesdays bell, and with VOG threatening 75p ,i realised that thursday trading would prove the most critical in VOGS short history ; and provide another piece of the jigsaw puzzle so as to initially measure the extent of MMs pre knowledge of the placing price , and thus VOGS true direction .. ln absorbing & maintaining the s/p in the face of an abundance of sells on thursday morning the question was answered . And i was not surprised that day to see it had gained 4 1/2 p,,,, Nor on Friday an an interday s/p high of 103p As to VOGS chart wich suggested the s/p would be extremely volatile many big players called it wrong . The volatility lay in favour of the bulls and NOT the bears as was was originally thought ... Looking ahead . lf VOG can maintain its growing momentum straight from the blocks on Monday i think we shall see the arrival of a three digit s/p very quickly....Very quickly . . Looking at other smallcaps in the industry - Well if EEN is valued @ with an m/c of @ then VOG is worth ten times that . . The C1 " shut in " of hydrocarbon for which VOG are searching is believed to be in the region of 900 to 1100 feet which approximates to 22 to 28 days drilling. ..,,,,and then CASHFLOW ....and then the spudding of a number of wells in what is the companies jewel in the crown at West Medvedhye... ...The selling of WM for a consideration of £11 million from Sever'gas could make Shells selling of Cairns offshore lndian ocean acreage look equally embarrasing ..Actually Shell and Gaz de France and Maurel and Prom along with Gaspom have all been rumoured to be giving VOG the once over.. Fox Capital in one ..,,,,,,,,,,,,Very interesting and hopefully profitable days ahead i hope .....Bonne chance et faires attention a'bientot ...@+ J