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VIL - Verus Investments

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asx256

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since there were no forum about this company i thought to make one myself. here is some info:

http://www.verus.com.au/
According to the website:

"Versus Investments Limited is an Australian-based investment company who identifies and evaluates investment opportunities for superior returns over short, medium and long term periods.
The Company has appointed directors with substantial resource industry experience with the specific aim of seeking investments in the minerals sector.
Verus will continue to pursue companies with allied goals in order to achieve its objectives."

I encourage every one to read todays announcement. Lots of things happening for versus. Any way do your own research.
:rolleyes:
Tuesday 26th August 2008
Verus Investments Limited has announced that the initial stage exploration program at its Eloi Iron Project has been completed.
 
VIL and TEX great ozzie companies making it in the USA

Looks like VIL are coping TEX great work in the USA:

They are about to commence drilling a huge company maker with:

Excellent Exploration Address
•Situated on undeveloped segment of Fausse Point salt dome
•Surrounding fields have produced over 44 MMbbls of oil
2 MMbbls of condensate 141 BCF of gas

Highly Prospective
•Strong potential production rates at 300‐500 BOPD per sand
•Multiple high productivity sand targets
•Possible well rates up to 1,500 BOPD

1,500 bopd at 50% to VIL is US$ 21,900,000 , just like TEX buying up US assets with ozzie dollars and selling oil which is climbing all the time.

I hold this and TEX, great little companies with huge upside in the next couple of months.

:2twocents:2twocents
 
G'day BCF.

Jumped on board early this morning as a BESBS play. Heaps of volume - SP went from 2.2c to 3.1 at one stage - I'm wondering if a broking firm gave a recommendation as such a run is hard to explain given no news to the ASX from VIR???

Should be an interesting ride. Apart from your points, I also like the low SP. As a BESBS Player, it offers the incentive of higher leverege. Time will tell where we go with this one.

Cheers,
BESBS
 
Good on Ya BESBS,

This is diffinantly right up your street, I got both TEX and VIL at the same time never thought that VIL would run like it has. Don't think they have had a reconmendation from any stock broker I think that it's running on great fundimentals which is great for TEX as well.

A proven oil area is what I look for in the US at the moment with the strengh of the ozzie dollar and rising oil price.

VIL and TEX have ticked all the boxes for me a while back and good to see fundimentals being paid for.....here's just waiting on TEX.

Good to see you backing a company that will actually spud a well otherwise you would have to drop the "S" at the end of your sign......maybe with VIL you should change to BESAP (Buy Early Sell After Production) :)

:2twocents:2twocents
 
bordercityfirm said:
Good on Ya BESBS,

Good to see you backing a company that will actually spud a well otherwise you would have to drop the "S" at the end of your sign......maybe with VIL you should change to BESAP (Buy Early Sell After Production) :)
Click to expand...

He,he,he...can be a bit like that at times! CTP delayed (still made good profits) and OEX hopefully soon. Still, just sold JPR as the drill bit turns and LKO are currently drilling down a 4th wombat hole!

Good luck with TEX.

Cheers,
BESBS
 
VIL seem to have slowly crept up aagin into the mid 2c range (see 2.7c taken at times today).
As a BESBS play, I would like to see drilling occurring before December. If Hartleys are promoting them prior to the drill, this should help get VIL into the punter spotlight.

Interesting times ahead...


Holding VIL at 2.5c :)
 
Looked like good support at around 2.4 to 2.6c with a V.W.A.P* of 2.53 today. I took some profit on Friday to buy some TEX (which is cheap atm) but still hold the majority for the long haul. This area of Texas is a proven oil location and for me that’s long term increasing profits (ever heard of Peak oil?).

:2twocents:2twocents
 
Looks like VIL is now starting to move. Heading towards 3c on much larger volumes than the past couple of weeks.

Three weeks from spud to results. If we get away in late November, results before Christmas. Starting to look a promising BESBS (Buy Early Sell Before Spud) play

Hmmm...maybe a nice bonus. :)


Holding VIL at 2.5c
 
Last ASX announce said that drilling was to be delayed for a couple of weeks. VIL still holding above 2.5c and plenty of volume so it's more in the spotlight now. Drilling starting end November/early Dec with drilling taking 3 weeks, so we still might get something before Xmas :) Maybe we'll have a happy new years instead.
 
I doubled my position today at 2.5c, given a bit of weakness in the Oil price and I'm now holding at avg price of 2.65c.

Doesn't look like Hartley's have covered this stock but I'd imagine more punters would get on board if they did.

Looking like a standard fall back from the big run up last week. Let's hope it's nothing more than that at this stage.
 
Agree, Stretchie.
Slight delay in drilling means that traders will take money off the table and come back later. Given none of the fundamentals have changed (be it delayed 3 weeks), the SP drop does provide a cheap entry/top-up point.

Happy to hold and wait.
 
As a BESBS player, today's action with VIL suggests that the punters are ready to get back in asap once they think drilling is back on schedule.
Looks like the motor is revving at the starting line, just waiting for the flag to start. Remember though, any further delay and the punters will move the money for the short interum.

Hope to hold...
 
We're knocking on the door of 3.2c again after todays action on large volume of 30 mil shares. Looks like the sellers at 2.9 and 3c got largely knocked out and we have more overall buyers than sellers now.

As long as there's no catastrophes overnight in the US, oil keeps going up and and the dollar continues its downwards march - we should be looking at an attempt on major resistance at 3.2c tomorrow. As a BESBS play this is looking more tasty. I did a search for 'Verus investments' and 'Hartleys' and didn't pull up much except for a 2006 financial report that said one of the guys on the board (Earl Evans) previously held a senior position with Hartleys. Perhaps holding a former senior position with Hartleys might give VIL a foot in for some coverage?

This is entirely speculation though, make sure you DYOR.
 
Nice start to the week with VIL pushing 3.5c this morning.

I'll check that source about Hartleys. Apologies if I am wrong...I'll check it out.



Holding VIL at 2.5c :)
 
Very nice move this morning (and it bodes well for the week!), happy to continue holding at 2.8c after selling down half on Friday at 3.4c.
 
I took my money off the table today with VIL. Trying to protect my capital and ended up with a reasonable annualised gain, average buy 2.65c, average sell 3.15c. Not bad for a week.

We should have a BESBS alert thread..

The catastrophes I was talking about earlier on appear to be rearing their ugly head. The whole Dubai World thing will likely shake the foundations of European banking and might knock on to the US financial system again. For me I'm happy to preserve capital by taking riskier money off the table while I see how things unfold in the next week or two.

Good luck with the drilling, will be keeping an eye on this one still, it looks like a promising play if successful.
 
stretchie said:
I took my money off the table today with VIL. Trying to protect my capital and ended up with a reasonable annualised gain, average buy 2.65c, average sell 3.15c. Not bad for a week.

We should have a BESBS alert thread..

Good luck with the drilling, will be keeping an eye on this one still, it looks like a promising play if successful.
Click to expand...

The gains are fantastic but so are the fades. While tuesdays reversal was obvious in hindsight I remember being pretty damn bullish when it opened at 3.9 lol
 
Sold out late last week at 3.2c.

Have some exposure to upcoming project through GGP so decided to sell VIL. Nothing wrong with VIL, simply risk management...
Good luck to all holders.

Bought 2.5c
Sold 3.2c
Profit: 25% approx :)
 
BESBS Player said:
Sold out late last week at 3.2c.

Have some exposure to upcoming project through GGP so decided to sell VIL. Nothing wrong with VIL, simply risk management...
Good luck to all holders.

Bought 2.5c
Sold 3.2c
Profit: 25% approx :)
Click to expand...

Interested in why you would sell out of the stock moving upwards and keep the stock moving down?

From a pure TA view VIL looks like it might have a chance to go higher from here with volume drying up on the retrace. Although it is now in a trading halt for Capital raising.
 

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