GMP /CORMARKGMP and CORMARK invested 60 million dollars into VLE back in Feb 2018. They knew that there would be no activity for months, but they stood up to the plate and put their money down. It is obvious that they know more than U and I and I am sure they have experts who read the resource estimate in the Thrace back in Feb 2018, and found it positive enough to throw their money at it. This thing was trading at $8 post release of Resource estimate. What really has changed since then? Time horizon , impatient investors who are in the mindset of what have u done for me lately, Lira crash, Turkey economy being in the dumps.. etc..
If u were an experienced investor , u probably should have got out in Feb when stock was in $6-$8 range, KNOWING full well that no activity was going to be done till Q4 and the stock would slip down, where they could re-buy it cheaper. But on the other hand, another investor thinks there might be a chance of a quick buyout and holds the stock .. But I have realized over 15 years of trading that it's very seldom u get those quick buyouts.. Without any news, any stock will go down because the PSYCHOLOGY of the investor drives the stock price..
The best way to play this stock or any other stick you believe in is to have a core position which you don't touch provided nothing material has happened in the stock , and have a trading position which u buy and sell during the day or week..
I personally have bought as hight as $5.30 in my core position , and I have been trading 2000 shares for the last 4 months or so..
I fully expect our share price by end of November , baring any foreseeable circumstances, such as delay in drilling or TRUMP impeachment or trade war , to be ABOVE $6 , which is 50% higher than today's price. I respect most of the board members here , except a few. Everyone please keep putting up knowledgeable posts. Our END GAME is the same and most of us are on the same page.
THEMILLION