RE: Shareholders meetingslapshot hit it right on the money as i also attended the meeting this morning....just got in after golf.
it was a pleasure meeting you slapshot!
we both spent a good hour just going over all current and future potentials of VGN.
most important and the reason why i bought into VGN was the cash inflow from OIL royalties.
this will allow management a tremendous flexibility without further dilution AND also open doors for future opps.
was told that oil revenue will be even better for the second quater (so expect another great Q) and should be even better for the 3rd and 4th (how can you go wrong at current mkt cap?)
further, they recognize that COAL and SHALE GAS are current hot plays so they will try their best to capture this part of the market at this time. CEO has confirmed that once the COAL permit is received, drilling will not require any financing.
After looking at the map which should be posted on the website very soon, our COAL property is 12Km east of GXS discovery between BTT properties which is to the North and South of us. So we are smack in the middle of everything!
Also out shale gas property is in the middle of the trending geological line (SE to NW) where the gas discoveries are being made.
all said and done, what more can you ask from this great management team that has CASH and 2 of the hottest plays IN PLAY? all they have to do in the near future is to actually hit the coal and gas which will send us to the moon....until then i predict a steady rise in SP in anticipation of permit news and more property news.
GO VGN!!!