VOG 2005 New Thread

If the share price stays around 100p while the fund raising is being finalised, hopefully successfully, why the discount to the institutions? This one is a long way from bringing in the bacon. There is to much hype beleived by the market at the moment. Other oil explorers have managed to fund close to market SEY springs to mind so maybe the institutions have it right as far as present value is concerned. I'm still sitting on the sidelines a slip back to placement value maybe on the cards. I beleive when the dust clears and things settle there will be plenty of time to make more money on this share. I speak as oane with mixed feelings having dropped a bundle on MR Foo's CER but tripled my money on VOG already.