TSXV:ART.H - Post by User
Post by
justiceleagueon Oct 27, 2011 2:43am
860 Views
Post# 19185334
VST - Important
VST - ImportantHi all,
I don't usually post on this board unless I feel strongly about something. There are a few investment tips (written in simple language) that I suggest all readers of this bullboard should follow otherwise (9 out of 10 times) they will end up losing their cash.
1) Firstly all investors in VST must not rely on any posts on this bullboard. Let this bullboard be an informational tool for you only.
2) Identify the pumpers and the bashers and place them on ignore. It is not difficult to see which category they belong to.
3) Do your own due diligence. Call or email VST if you are in doubt.
4) Identify the company's neighbours in Kurdistan and see what expertise they have and whether they have had any luck in finding oil at a good flow rate.
5) Identify what the strengths and weaknesses of VST are.
6) Let posters express their opinion. Do not shoot them down rather enter into a healthy debate with them.
As far as my opinion is concerned, I have made a few bucks in VST but at the same time the rather uneasy 16 months so far has eaten away all of my gains and I need at least 900% to breakeven. My strategy now has been to to enter into an different company like Western Zagros and Gulf keystone (relatively low risk) where the short term gains are likely to reduce my losses. I consider one other company Longford Energy to be low to medium risk because of the proven oil reserves. The share price of LFD has reduced because of delays in spudding due to lack of funding. As soon as this company announces funding arrangements the share price will rise dramatically. I doubt they will try and dilute the shares to avoid hurting existing investor sentiments (especially Soros).
With regards to VST, I personally do not think we will see much movement in VST until March 2012 so at the moment it is primarily dead cash as far as I am concerned. 5c may seem cheap but considering the time value of money, it is still a high price to pay.
Justiceleague