I take your point. You cannot deny however, that, regardless of hindsight or anything else, SHs have had the opportunity (at .08c - 010c) to average down. I participated in both of the last 2 cap raisings for the express purpose of averaging down. At .09c and .10c I bought on market for the same reason. If SHs did not have the funds to do so at these levels, it is unlikely they would have had the funds to participate in the cap raisings. It is those very cap raisings that have given all SHs the undoubted opportunities that exist going forward. Logically, SI placements ultimately benefit all SHs.
With existing producing wells, Bongo 1, 2 and 3 and FP2, (all of which appear to be given with time) I happen to believe this is a minimum .03c share. (If and when SD spuds, higher). At that point I am well in front.
Not quite sure what you mean re directors options and not touching them? with a barge pole.
Miki
DYOR - Not financial advice
VIL Price at posting:
1.1¢ Sentiment: ST Buy Disclosure: Held
