RE:It looks like the joke is over...Gringotts wrote: ...VLE is starting to be taken a little more seriously. If the last two days of trading are any indication of what is to come, bring on Q3 results. The market will have to give VLE a fairer and more accurate valuation once those numbers are printed. Still way under valued at $2.58.
The great thing about capitalist free markets is that the market price is always the correct price, until govts start central planning and subsidising like soviet union did and most of Canada today.
Of course there is massive market manipulation by automated algos handling 90% of all trades.
This stock is not worth much since no cash to SH, Wassana still off line after last accident, $25M blown on managemant platiinium expat relocation and retention bonuses, and a declining end of life asset.
The market humans see incompetence, corruption, corp officers betterment, and an expiring oil field.
I see great swing trade opportunites and a solid core gamble holding as the way to play VLE. Dont play if cant afford to lose 50% in a couple days lie, VLE has crashed multiple times.