VOG 2005 New Thread

You also have to keep in mind that there is not a great deal of shares in ciruclation, by comparison with other oil companies. 98.7 million before the share placing, of which 46% (45.4 million) was held by institutions. The total amount of shares in issue is now 115.5 million. Taking the view that the original institutions have participated enthusiastically in the recent shareplacing along with some new ones and some private investors (Russians?, my opinion is that all the 16.8 million share placing is out of circulation for the foreseeable future awaiting very significant commercial development and the concomitant revaluation of the shares. If that assessment is correct then out of the total number of shares in issue - 115.5 million - only 53.3 million shares are available for trading. Given the current demand for stock and its liquidity (I could have sold 22,000 shares last Friday at 140 pence), any setback will be shortlived, because the demand for shares will remain strong from both institutions and private investors alike, and also because the timeline is not long for significant further news that is likely to be positive for the share price. It is, in my humble opinion. a no brainer cert for a rise to £2.00 before the end of the month. DYOR.