Gidday practicingaccountant,
Am I being sarcastic?
No. My immediate concerns was VIL's cashflow position to cover testing upper formation and drilling a subsequent well. Now will pass on the books, and bringing many projects that have substatntial cashflow, I can be (nearly 100%) assured that VIL will not need to have a equity raising anytime in the short run.
Furthermore having nearly 80% interest in a project that is as high impact as FP, I'm sure that upon annoucement of a dilling timeline that VIL will begin to run like the good old days. All I'm waiting for now is that timeline and some luck for a certain other shares option that is very illiquid so that I can have a bit of a punt lol
Do I feel that VIL v GGP have a bit of blood running between them?
DO you think danny green rigged that fight? What I am trying to say is that, there is more than meets the eye and I got a bad vibe from the GGP management team around 10 months ago when I spoke to the MD about FP; he seemed like he just wanted to do a job and not for the shareholders. Nevertheless with VIL now having major ownership and soon (IMO) to be the operator.. anywhere around low 2's imo is a good 6 month punt.
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