(FRANK2231)/Maddoc,With VIL SP languishing at .009c - .01c, I...

(FRANK2231)/Maddoc,

With VIL SP languishing at .009c - .01c, I did not want to be too optimistic in my forecast. In years gone by, any junior oiler that had what VIL has would have a SP of at least .05c. Market has an aversion to risk at the moment. Sure, if all four projects produce well, I agree with you that .10c is likely. On the contrary, if all four are dusters we are all in the mire (can,t post the appropriate word so mire will have to do).

It is sit tight time. (Might just buy another 4 million of these babies though.) With the DOW seemingly strong and oilprice rising (it ain,t ever going to be $30 per barrel again (but it could easily hit $130+ if world events cause a panic) the market may just buy back into O&G risk plays. IMHO this is the buy of the century to see a short term (next 4 - 6 weeks) profit.

The problem we all have is, the stockmarket is like the casino, you need big goolies and deep pockets.

I just feel a bit sorry for all the sellers at .1c - .015c, why would you?

Patience grasshoppers.

Miki