RE:RE:the key is the income tax payable each year. bullhorn3 wrote: Are you firstworld without the spelling/grammar problem? Using your theory, VLE could never reach where they are today, so something is broken in your logic. Also, the 2 large shareholders, who may possibly know more about the situation than guys in Canada, are committing more money as they buy shares... incomprehensible with your logic. Also, the reservoir seems to have a life of its own, giving and giving and giving again... so the calculations of reserve life must be faulty. On Tues, we will hear more and if they are closing operations as you suggest, it will then become apparent that your pessimism is grounded in reality. If the SP rises on Tues due to good news, I guess you will have missed an opportunity... too bad.
LOL not missing out up 900% on my original 200K shares holding since .42 AVG 10 years ago. I did enjoy many swing trades on another 200-300K shares capturing anywhere between 5% in days to 20-40% in a few weeks.
Where are they today?
$8M loss on $87 oil.
20% SH dilution on Emergency $20M raise weeks after "no dilution" and deal close.
Flat 20K bbl day production ( slightly decliningg in fact) on $200-300M capex & opex.
Six start Singapore relocation costingg $20-30M all in for 1 star team with 100% FAIL RECORD to the most expensice city in the world so they can save on personal income tax when garden city at 1/4 of the price is 40 min away and close to Thailand.
Im holding - there is a chance they may not lose $20-30M in FY2023 haha.