RE:RE:RE:valuation opinionsI also disagree with stiffupperlip. His post shows that he doesn't know anything about the VLE story. VLE SP just prior to the STO binding letter agreement (May 15, 2016) with STO was about $0.75. That value was also what was used for the subscription receipts as part of the TBNG aquisition. So that is likely the best estimate of company value at this point excluding any potential impact from the STO deep drills.
That's not to say that the SP is not goint to drop if some short term investors don't see results indicating a "big kahuna" but it likely won't stay down long. This is because you can't discount a superb management focussed on operational execution, long term organic growth, no debt, lots of running room and expanding with seismic, a great JV partner with more work to do and they own the infrastructure, marketting and in a great NG market. You have got to also remember that management and STO are playing a long game while some retail investors are playing a short game. STO's goal isn't to drill for the "big Kahuna", it's to prove or disprove the presence and pervasiveness of BCGA. The first Banarli drill isn't in the sweetest spot, it's in the spot that STO thought would give them the best data to prove or modify geological models and then help guide next steps. With that I am quite optomistic/hopeful that the post RR news will be upbeat and promising.
GLTA