VIL verus investments limited

vil - pass petroleum, page-6

  1. 2,995 Posts.
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    Income stream is approximately 70% of the income you get by banking proceeds of selling 370 mill shares and drawing interest Except theoretically one can sell the shares and have a cash income stream for ever.
    My understanding was Silverwood was a first right of refusal only not a fixed option so is this really worth much.
    So are the remaining prospects worth what we are giving up in Bongo.
    I think not and will vote against knowing it is farting against thunder and a reversal incurrs a 500k penalty.
    Main company maker is still FP.
    The rest with a cynical outlook have been more about securing a future for directors than shareholders.That said Bongo has worked out very well.
 
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