RE:RE:RE:Flag formation with breakout looming I would much prefer an organic growth rather than issuing new equity to buy new rigs. While true that company does not benefit directly from this healthy share rise it may also be too early to ‘cook the golden goose’ before it matures a bit more by diluting a share structure. Balanced growth supported by what appears to be a good cash inflow may work the best in what is still a steep learning curve that VLE is on. I see a developing trading pattern that indicates an investment type – longer term participants.
Glad I kept my shares from Thrace time & averaged out at the low end before this new venture in Thailand.
G37