Victoria Oil and Gas issued an RNS today regarding share placement and draw down of funds. It is dilution of about 4% but it does indicate that in 2 months time the company will be receiving money!! It goes some way to explaining why the share price has been depressed for a few days but if you are able to top up or but in the next few weeks then it could be a very positive outcome.
The new shares hit the market on June 11th so I don't see anything startling happening to the sp in June! However, July may see a build up of buyers in anticipation of the first revenues!
The new shares hit the market on June 11th so I don't see anything startling happening to the sp in June! However, July may see a build up of buyers in anticipation of the first revenues!
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