VPE victoria petroleum nl

Whilst BOW continues to go UP, VPE is retreatingThat's probably...

  1. 618
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    Whilst BOW continues to go UP, VPE is retreating

    That's probably because BOW is even more overhyped / overvalued than VPE right now. I sold half of my free options today at 22c. Been trying to ride this unbelievable uptrend for as long as I can before I pull the pin. Then again, this is coming from someone who cashed in his chips in the mid to high 20s for the head shares. Such is life :o) I'm simply gobsmacked at the current valuation. I'm not over concerned with my holdings since I'm only holding free options. But I'd be concerned for people who has been buying the shares (or even options) at these levels. Looking at their asset, how anyone can justify a market cap of 160+mn is beyond me.

    As I have said before, all the best to holders (especially Tui - who must be grinning like the Cheshire Cat!). Hope they find more CSG gas to justify these lofty valuation.

    618
 
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