Anyway lets get some PERSPECTIVE here and look at the FACTS FFS. Despite the retrace
1. SP up 20% over 5days
2. SP up 76% over 1 month
3. SP up well over 110% from it’s recent lows
4. It’s a 10% dilution, not 20% or 40% FFS
5. They now have another £10million in the bank
This is what I find amusing about some posters:
Scenario 1. Vogs SP rises from 3p to 4.5p, PI’s are generally pretty happy, then Vog do a fund raising at 4.9p. PI’s are loving it, almost a 10% premium, KF and Vog are praised to high heaven
Scenario 2. SP rises from 3p to 6.7p, PI’s are generally very happy, then Vog do a fund raising at 4.9p. The old worms and storm-crow PI’s are all bitter, KF and Vog are accused of blah blah blah.
Also did many people stop and digest the RNS , ‘Fund Raising will be used to bring forward the expansion phase of the Logbaba Gas Project, (and) to extend the pipeline to the South Eastern and South Western areas of Douala’. Now why would they be planning to extend the pipeline even before any of the 1st phase pipeline has been laid. If you can’t think of a good reason then please sell...
http://www.iii.co.uk/investment/detail/...4&it=le&action=list
Do your own DD !
