RE:RE:Barchart opinioncyber37 wrote: To me VLE chart points to infestation of day traders/parasites. On one hand this provides liquidity but also drains capital from insecure & uninformed shareholders that run for the hills on first sine of weakness. Company really doesn’t care about those fluctuations unless they need good reference price for new equity issue. So,...it is mostly up to existing shareholders to get informed & stop selling to smart as$ opportunists. Stop selling, protect your potential gains.
Now, I’m glad to see that all those silly calls for dividends have subsided & I’m impatiently waiting to see what comes next after wells A28 & A28-ST1. This deeper potential encountered in Wassana could be a game changer and I also hope it is NOT another Thrace.
G37
With 9 mths production, $200M missing, $150M infill drilling + 80M other expenses, and 25% production decline, and regulator blocking wassana restart, no one their right mind would even gamble on VLE unless its FU, subsidy and grant money from govt LOL.
The algo pump and dump bot trading is a blessing for anyone who has the cash to play and can afford to lose it all.
Also consider Thialand policical risk with the govt discussuing dropping USD in all regional trade to joing the global majority aggressively moving on same plans. I guess they could sell in Rubles or Yuan haha - too bad HQ is not in HK.