I would not hang around for a (Lloyds Bank) dividend. Extricate, and rejoice that you are a survivor. Lloyds is a "dog". Get out whilst you still can.
When is the government going to off-load its Lloyds stock on the unwary? Post-Brexit the SP was 47p. Today it's 53p and that is with a Footsie ot 6,700. If the Market falls into a nosedive, I suspect that the 47p price will be sliced through like a hot knife through butter. If this be the case, it could be dangerous to take any stock above 40p. When Wall Street wobbles, and comes crashing down later this year, it will suck in all the global economies in its wake. How then would Lloyds stand up to a Footsie at 4,500? How about 15p to 20p? Lloyds is just so wrapped up in the UK with massive exposure to the UK economy. I'd much prefer to take my chances in gold. If we are sucked into this economic vortex, gold prices may go up 500% over 24 hours. I see huge losses ahead for Lloyds but security in gold. But investors must feather their own beds accordingly.
Whilst we're waiting, I'd like to share this article I found recently: C.E. Fivaz, "Presidential Address: How the MacArthur-Forrest cyanidation process ensured South Africa's golden future," J. S. Afr. Inst. Min. Metall., 1988, vol 188(No 9), pp. 309-318. It is historical in nature, but was a landmark in the extraction of gold, which, although not stated, was instrumental in leading to the |Boer War.
London should open tomorrow with 1 billion Aureus shares on its books. More importantly, all eyes are focused on the new gold pour. News is imminent. Some of you are going to be rich beyond your wildest dreams. Good luck!
I don't wish to scare anyone..... But if debt in the US unravels and the petrodollar ceases to exist -- All very probable events -- before VOG finds more gas, the company would be in tatters. If the drilling is concluded with no hydrocarbons found, even without global stockmarket turmoil, the clock would be turned back 5 years on VOG. Stock prices could easily collapse below 10 p. Investors shoulD ask themselves if they want to live with these sorts of worries. Will you be taking bread from your childrens' and grandchildrens' mouths?
My take on IFC (international Finance Corporation) pulling the plug on 2 million shares last week is that it's not a big deal, and don't worry about it. It represents such a ridiculously small portion of the shares in circulation. I believe Aureus is currently working on a pilot scale to test drive the new equipment. Then it's full steam ahead. Good results in terms of efficiency in churning out gold, will propel the SP much higher. The Sun will then shine.
Hi VOG investors. I've popped in to offer some sympathy. I know your woes and the fact that most of you are licking your wounds after being duped by Chairman Foo and his leadership. Each one of you poor souls should be sitting pretty looking at bundles of twenties or a carpet strewn with Krugerrands. I had had enough. So I followed George Soros into gold. Am up about 40% in 2 weeks. VOG, in contrast can still go down. I would not touch the stock above 20 p. If creditors to VOG make a margin call in adverse market conditions, VOG could halve in price. I wish all you brave souls well, and hope my fears do nor materialise.
I feel obliged, yet again, to fire a broadside into the leadership at VOG. Speculative buy ratings by Beaufort and Numis Securities have been repeatedly rebuffed by the market, as have "Presentations" and gobbledegook composed of technical detail and the despair of micro-economics. The Market, in contrast, is not easily fooled. It takes a "heli-view" (the big picture) of past, current and especially future operations. Whilst the production arm of VOG in Cameroon appears to be thriving, exploratory wells are steeped in uncertainty and are draining resources. The prospect that VOG will then go on to service other developing gas projects throughout Africa is impractical and parlous, as its financial base is far from secure. Small but costly layers of management doing I don't know what, clearly does not help. Information flow is often late and obscure. Reports must be clear and to the point. The Market can smell subterfuge in any of its forms. Any attempts to dress her up and present her as something she is not, will be laid bare.VOG gets a thumbs up when the doctor (The Market) writes VOG a clear bill of health, which will be a sustained significantly higher share price from her current range. My naval guns remain trained on VOG!
Chairman Foo is not exonerated from the parlous state he has left VOG in, when VOG should be awash with cash and investors fighting to buy stock. VOG needs to consolidate her trump card as producer, and not lose her way by involvement in exploratory wells and that hair-brain notion of partnerships with other junior gas field which are about to turn producer. Such projects will bleed VOG dry. Equally unhelpful are the distorted remuneration packages sequestered from the company, especially when the SP is languishing.How many more investors are there going to be led up the garden path by Foo and his Board. They need to get it right, or do the right thing and resign. Further, it is about time that investors in VOG should be rewarded, without excuses. How many more years will Chairman Foo and his lieutenants keep honest and hardworking investors waiting?