I was reflecting back to a few years ago now when vil 45%in FP was all the rage.
Even though we had less shares its market cap was still 3 or 4 times greater than it is today.
The crazy thing is we also now have 72% of FP instead of only 45%back then, and FP really was the only thing going for VIL in those days.
We now also have a 10%interest in what could even turn out to be better than FP.
So even though we only hold 10% of SD its looking the goods.
I still believe FP will be a good producer but we may lose say 22% when we farmout some of FP, but this is still more than the 45 % we held back then.
So basically we now have a scenario of a VIL market cap being one third of what it was a few years ago, and an oil potential say 3 tmes greater than what it was back then.
The only difference i can remember is we may have had a few mill in the bank, cant remember exacly, plus we didnt have the Europe Fiasco.
So what happened.
IMO SH have lost all confidence in this company, and the only way of regaining that confidence now is we need oil coming out of the ground and we need to put that oil into lots and lots of barrells so we can count them.
Who knows with a bit of luck management may just win back a little more of our trust and create a renewed confidence back into VIL. im touching wood and everything is crossed as i say this.
But hey stranger things have happened.
Im not chinese, but have been in China for past 2 weeks. so i thought it might be appropriate seeing as weve just entered into the year of the dragon, which is generally thought of as being a good omen for business.
Ive also been hearing a very appropriate expression in those 2 weeks which id like to pass on to all VIL holders. Which Is Gong xi fa cai to all VIL holders. (Wishing you to be prosperous in the coming year)
Cheers LWR
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