YEP just read that one also
very good news indeed... !! will be interesting to see what the market makes of this.... 'DISCOVERY'
VIL - Verus Investments
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YEP just read that one also
very good news indeed... !! will be interesting to see what the market makes of this.... 'DISCOVERY'
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Definately a good sign after the initial perforation, once again we wait for the flow rates but it looks like they may come this week and with Oil and Gas free flowing, if they are in commercial volumes it is the best outcome we could have hoped for lol
There oil in them there non-hills folks and its flowing to the surface......
The oil may still yet not be commercial,,but thats one more massive notch on the belt.....
Yet again we wait......as putty says....to date this is the best possible news investors could possibly have wished for............
Buy volumes building nicely and indicative open now at 0.056......i think today might test some holders patience and turn them into traders as they see a few short term dollar signs.....on the flip side it may also bring in some very serious big players, now there is some more indications of oil....
Interesting week ahead ......grab some popcorn folks...
The oil may still yet not be commercial,,but thats one more massive notch on the belt.....
Yet again we wait......as putty says....to date this is the best possible news investors could possibly have wished for............
Buy volumes building nicely and indicative open now at 0.056......i think today might test some holders patience and turn them into traders as they see a few short term dollar signs.....on the flip side it may also bring in some very serious big players, now there is some more indications of oil....
Interesting week ahead ......grab some popcorn folks...
Tommo_Aus
Did I say BUY? Sorry... SELL!!
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Looking at the market depth one seller is willing to part with 60000 @ 4.5c. One has to ask, why would you want to sell at this price by this stage? Not sure what the open will be, too many number to try and predict but 6.5c is looking strong on the buy side and each time I refresh there are less sellers Good luck all.
Good luck all.Looking at the market depth one seller is willing to part with 60000 @ 4.5c. One has to ask, why would you want to sell at this price by this stage? Not sure what the open will be, too many number to try and predict but 6.5c is looking strong on the buy side and each time I refresh there are less sellers
They are called tree shakers.....he actually wants the price to go down either cause he has some option play happening or he wants to buy VIL FPO shares....
ignore them....likewise theres a 0.70 buy which ignore..... just look for the real volumes.....and the indicative price.....
Its why the asx uses a 4 setp process to open and close the market...
Tommo_Aus
Did I say BUY? Sorry... SELL!!
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7c doesn't look like an ignore anymore, didn't think I'd be saying this so soon but 6.5/6.6 looks to be good support!
VIL in its investor presentation estimated commercial viability was looking like sp worth 20-40c with possible upside from that...... id imagine full fruition of commercial viability with the additional 80 acres will eventually take it well beyond that if its flowing crude as well.....IMHO its now looking like this may well be better then first thought.....as i was banking all my intial calcs predominantly on dry gas, without condensate and without flowing crude....
If we get an announcment this week that this thing is flowing crude and gas i think IMO (DYOR and seek expert advice) expect an accelerated drilling schedule to be announced not to far after
That being the case the full commercial value of the project becomes lower risk and accelerated, adding more value....
IMO within a month we will be 20c+ if this thing is commercial...especially if it has sweet sweet crude flowing..
Definitely DYOR and seek expert advice...this is inherintly a risky business to be in...
If we get an announcment this week that this thing is flowing crude and gas i think IMO (DYOR and seek expert advice) expect an accelerated drilling schedule to be announced not to far after
That being the case the full commercial value of the project becomes lower risk and accelerated, adding more value....
IMO within a month we will be 20c+ if this thing is commercial...especially if it has sweet sweet crude flowing..
Definitely DYOR and seek expert advice...this is inherintly a risky business to be in...
Ive been watching the course of trades on vil. In the last hour the volumes have changed , where as the last few days the biggest trades where predominently 12,000 - 20,000.... theres pretty regular 30-50K trades now...and some are simultaneous, possibly indicating some big players coming in with several hundred thousand...
A bloody good platform to launch from when the possible announcemnt comes through.... and so it ought to... with each successive sign, risk is reduced and the probability of profit is increased....
I still reckon its dirt cheap....even at todays price...
That bottom line must be looking good for some of you long term holders....WOW a good day....heres to more like that in the very near term...
I still reckon its dirt cheap....even at todays price...
That bottom line must be looking good for some of you long term holders....WOW a good day....heres to more like that in the very near term...
I'm holding like grim death onto my VILO options. Each passing day takes another larger chunk of time value out of what I hold but the closer we get to a commercial announcement I can see a 12 month holiday in South America becoming a reality.
My oh my how I'd love for VIL to be 40c by June. Don't think it'll happen but I could pay off all my personal debt and buy a new car Condog by the sound of the mammoth position you're holding you'd just about be able to retire on a 40c VIL SP ?
My oh my how I'd love for VIL to be 40c by June. Don't think it'll happen but I could pay off all my personal debt and buy a new car
Condog by the sound of the mammoth position you're holding you'd just about be able to retire on a 40c VIL SP ?I'm holding like grim death onto my VILO options. Each passing day takes another larger chunk of time value out of what I hold but the closer we get to a commercial announcement I can see a 12 month holiday in South America becoming a reality.
My oh my how I'd love for VIL to be 40c by June. Don't think it'll happen but I could pay off all my personal debt and buy a new car
Yep 25c would see me never have to work again... lets hope ey.......i dont like counting chickens before its kfc, but... every day it seems closer and closer.... and to me the value is rapidly appearing.....and sp have a tendency to eventually locate fair value....
At 7mmboe its valued at $7.35 net per barrell this thing has the potential for 10+mmboe if it averages the other tenements + the gas so looking at it that way 40c is not that far away if this well is commercial..... my problem and that of a few other big holders in here will be unloading without giving it all to the tax man..... its a nice problem to have, but still a problem none the less.....
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Haha..
Yes.. yes.. I've been thinking the exact same thing lately.. and have been trying to come up with some ideas, lol..
Regards
sjx
I think i may offload enough to make it pay day, then hold more till July 1 this year and some till july 1 the following, with the remainder for keeps.....
Luckily i fully anticipated this might happen and split my holdings in a few different accounts..../ structures....
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Well thats a very smart way of doing things.. that works quite well. Only factor is the time.. impatience would get the better of me!
I only have a target price in mind of 20c or so, so I would be offloading at least 80% to keep with the trading plan.. that leaves a massive tax bill.. and not much for me to claim against it.. BUT i will think of something.
like yourself, i am well diversified between accounts. maybe a new car, that i claim back as business use LOL
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For your sake I hope this eventuates (and mine, since I hold
) but I'm curious to ask - if this isn't too much of a derail of the thread - what would you do in such circumstance? Pick less risky investments, cease investing altogether, or is the thrill of the hunt one of the main points to it all?(Or option 4: "none of your business Atlas!"
)Small bit in cash, most in lower risk higher mcap stocks like JBH, CBA, WOW etc....about 20-30% chasing small caps like AUT, TON, SEA etc... I couldnt affor to retire if it was in cash as you lose 30%+ in tax....so income needs to come from fully franked divs....
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Fair bit of excitement going on today isn't there, if it is commercial I'm thinking my initial get out figure of .10c may have been a bit underdone, .083c at time of writing and seems to be looking to hold under large buying pressure over .08c, all this could change by days end but I'm starting to wish I had gotten into some oppies at .007c/.008c when the chance was there as well.
If the well is commercial the only dampener left may be a Cap raising, but if the oppies hit their strike price of .10c which does look now to be a very real chance, then the last hurdle for the SP in the short term may be gone.
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In the 1st 10 minutes of trading today there were more than a dozen sellers for under .07c. Those parcels got snapped up FAST, as in one click of refresh later, they were gone...
Comsec "market watch" has it #1 for the day so far on volume...
Comsec "market watch" has it #1 for the day so far on volume...
McCoy Pauley
Get out of here Budweiser!
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Peaked about 25 minutes ago at 8.8c per share but it's fallen back to 8.1c per share now, probably due to a few profit takers downsizing their holdings.
