After a couple of weeks of bad news, dilution from VOG, massive fall in Red Rock share due to Jupiter mines stopping iron ore works due to fall in iron ore prices, general poor market conditions, today, Victoria Oil and Gas (VOG) issued an RNS giving some good news!!! They have had an independent gas market survey done on Douala and state that a company called Prometal has started using gas and can take up to 430000 cu ft gas per day so a good customer. Further more they have another 10 customers who are likely to be taking gas by the end of December.
One of the key comments I took from the report was the 100% growth per annum from 2012 to 2017!! If that actually happened then the company would be making some super profits and the sp should be significantly higher. It will be interesting to see whether there is any movement in the sp and whether there will be a lot more sales of the recently issued shares!
One of the key comments I took from the report was the 100% growth per annum from 2012 to 2017!! If that actually happened then the company would be making some super profits and the sp should be significantly higher. It will be interesting to see whether there is any movement in the sp and whether there will be a lot more sales of the recently issued shares!
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