I used to own VIL a while ago, having made a killing selling all of my head shares at 0.086 cents, before swapping them to VILO in the anticipation of the big rises.... Needless to say I lost most of the profit after my very loose stop-loss kicked in.
I have been keeping an eye on this ever since. Personally I think that this company is very undervalued. At just under $7M, with a possible 10% ownership in a 50M+ odd bbl prospect, what am I missing? ... This is just one of a number of other prospects that are owned from what I can see, although I am doubtful that Fause Point will work out.
Their cash on hand concerns me. Does anyone know how much they have left from the recent $750k (odd) amount that they recently got in that placement?
I will be buying at these levels from tomorrow onwards. January will be an interesting month....IMHO
VIL Price at posting:
0.5¢ Sentiment: ST Buy Disclosure: Not Held
