Even if they end the day at 115p, the trend up has resumed.
The placing price is a red herring. Being very ovesubscribed it will NOT return to close to that price again.
The directors also bought considerable stock at over 100p.
After well testing I expect VOG will start to move towards fair valuation of 200-300p. It will probably test recent highs in any case, over 140p, in the next 2 weeks.
Anyone buying even now is getting a share that may well double in 2006.
Funding wise the company is in a very good position with THREE projects, one of which is massive.
H.