To those investors not familiar or those that are interested in VIL projects should read the investor presentation from october 2009 and get familiar with it. Please read the section where they talk about anticipated share price possibilities and then make your own judgement.
I see VIL in better place now than where they were just before the last announcement firstly, because they have now better understanding of the formation from the first well. Secondly downside is limited now. This well is now commercial well, and also it is quite likely that the production will increase over time and that means money for further cost reduction of the new exploration targets.
I have a feeling that those "astute" traders are trying to awaken the sense of fear while they accumulate.
I noticed smart money is on the increase, meaning weak hands pass shares to those that are accumulating in big volumes.
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