Tony, We have been through this before re the value of VPE's CSG. Have a look at my post 26/09/10 and then have a look at the VPE preso I referred to. That preso was last December...way, way past the consolidation.
Okay it has been diluted through the issue of the options and a spp but that is why I reduced the CSG value down from $1.07 to about 70 cents. Believe me the major shareholders of VPE aren't sitting on the register just to realise the current shareprice. Nor did Bob Bryan snatch Davies from QGC just to achieve nothing.( Bryan as you know owns 31 million VPE ).
They have big aspirations. Well over $1.00...possibly over $2.00. They are extremely savy and know the value of both VPE's CSG and oil assets.
Good things to come.... and BG's Gladstone FID approval confirms everything is on track to realise the CSG value in PL 171 and ATP574.
VPE Price at posting:
38.0¢ Sentiment: Buy Disclosure: Held
