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VIL - Verus Investments

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pilots said:
Most times the bottom zone is the best, the bottom will have the biggest PSI, if this ones a dud, I don't hold any hope for the next lot of zones, can you believe that they have not posted any thing today.
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No and it is surprising GGP came out with the announcement they did, I would have thought they would have finished testing before announcing anything to the market, I won't comment on the other zones as anything can happen when you drill a hole in the ground and the nature of salt domes and how they affect the geology of an area when they push upwards is foreign to me, although I would have thought the greatest pressure applied would have been at the lowest point. I still think they will do ok from this and further testing may surprise so I will reserve any further judgement, but at this point I am on the sidelines.

Not downramping VIL Condog, I was very bullish on this share from very early on, just adopting a different attitude and a wait and see approach, but yes I think the market over reacted but not the first time it has happened for a spec.
 
Sigh hindsight.

Was thinking of selling out at 9c and waiting for the inevitable drop. Oh well, might as well stick it out now.
 
AS PUBLISHED in Bull News Letter
TOP GAINERS & LOSERS
Company Name Price Change Pct
AUSTRALIAN MINES 0.002 0.001 100.00

ACTINOGEN 0.070 0.020 40.00

GASCOYNE RESR 0.150 0.040 36.36

SINO STRAT INTL 0.600 0.150 33.33

PLATSEARCH NL 0.085 0.019 28.79

VERUS INVESTMNTS 0.046 -0.025 -35.21 %
(on the hindsight should have bought it today seeing the rare golden opportunity)

CITYVIEW CORP 0.002 -0.001 -33.33

CARPATHIAN RSC 0.030 -0.010 -25.00

ASF GROUP 0.120 -0.035 -22.58

OAKAJEE CORP 0.080 -0.020 -20.00
 
What's a roller coaster ride good for if it doesn't sometimes go down?

I'm going to be patient and wait till more announcements on this well. Everyone seemed to interpret "no definitive result" to mean "conclusively we have determined the sky has fallen". Apparently the options of this firmed up while the share price was still falling, meaning some out there perceive it might be rewarding to display more than a single day's worth of patience...

Not trying to influence anyone else's decision or ramp in either direction.

See you on the bounce up tomorrow
 
wise words atlas

the reptilian emotions of fear and greed are cleary a lot stronger then the human intellectual part of the brain on days like this.... and the last few....

hindsight is a good thing and so is learnign from your mistakes...

my mistake was i had a sell on for 1.4 m shares at 9.4c on tuesday and took it off after listening to some advice that i should not have acted on... oh well stuff happens... live and learn to fight another day....

This things not dead in the water yet though, a lot seem to have though this was armageddon and clearly its not... if you look back at where we where 4 weeks ago the company is in much better shape with much less risk...irrespective of whether this is trumps or not....

I will be surprised if we are not bumping around 6-7c on this soon again as some common sense prevails...
 
I agree wholeheartedly (and whole walletly) with those who regret not selling out at .09. Having entered at .038 I'm happy to sit tight, with this much speculation on indefinite results it should be entertaining at the least.
Best of luck to all
 
vivazebull said:
I agree wholeheartedly (and whole walletly) with those who regret not selling out at .09. Having entered at .038 I'm happy to sit tight, with this much speculation on indefinite results it should be entertaining at the least.
Best of luck to all
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Hello,
I am writing from Germany. what do you think you should hold the share, can we trust the company?
 
meteosat said:
Hello,
I am writing from Germany. what do you think you should hold the share, can we trust the company?
Click to expand...

Nobody can answer that as its advice...

But yes the company has no reason not to be trusted.... they have an ordinary track reord in the past, but in very recent times since they teamed up with GGP things look entirely different, and youd have to say the price is oportunistic as well....IMO

But as to whether you should hold sell or buy, only you and your broker can say that...Take a look at the investo presentation dated in december on the asx site , in particular the diagram showing the salt dome with its historical finds.... then extrapolate that dat to this area which now has confirmed gas and oil, irrespective of this wells result.... factor those potential results on to this small market cap and that may help you weigh up some of the risk rewards at play...
 
Thanks
I read the messages from Verus with ASX, the company still reported very quickly and that creates confidence. Is there still a good news source to mines and Explorers in Australia from which to see Germany facts can be reported?
 
I also think many people without sufficinet knowledge of the play have immediately abandoned ship on the presumption there is not enough oil....

Dont forget this is the bottom target which was gas , the shallow oil target was anticipated at around 7500ft, so it will be a few days at least before we know anything about that pottential pay....

This lower zone with results just released has little oil, but it has gas which is what they where after, and generally on a 6/64 choke any fluids will drmatically impead gas flow rates, so the gas from that may actually be significantly better in coming days....as they trialther chokes

Then once they continue testing up if they decide the lower gas target is un commercial they still have another zone to test for both oil and gas prior to reaching the shallower oil target...

IMO this thing still has huge upside potential.....but if it runs to 9.5c again i will take a partial profit thats for sure...
 
Absolutely Condog.

I've followed this thread and particularly your posts from the start. I'm in at 3.8 as well so happy enough to sit and wait. Only difference is next time (if) it hits the 9's I'll take a nice profit from it.
 
Mrb1g said:
Absolutely Condog.

I've followed this thread and particularly your posts from the start. I'm in at 3.8 as well so happy enough to sit and wait. Only difference is next time (if) it hits the 9's I'll take a nice profit from it.
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welcome to what it feels like to be on the tail end bigster

imho you need to call it as it really is atm.. classic P&D..

much to do about nothing. imho, pilots is saying something worth considering.

hope i am wrong, hate seeing collateral damage, but imho it forms part of the learning curve of the journey up. you need to understand what it i your reading, too much is misinterpreted in a very sketchy announcement.
 
Mrb1g said:
Absolutely Condog.

I've followed this thread and particularly your posts from the start. I'm in at 3.8 as well so happy enough to sit and wait. Only difference is next time (if) it hits the 9's I'll take a nice profit from it.
Click to expand...

Trouble is - you and everyone else will be selling when it hit's the 9's - so it is unlikely to get there again soon. This is why chartists say shares have price "memories". There is a lot of emotion tied up in this stock (both positive and negative). Try taking a step back and re-evaluate. Re-read some of these comments and "try" (I know - it's hard but as investors/traders we need to learn to do it) to look at them as if you dont own the stock. Would you still get in it? If you are a chartist - turn the chart upside down and look at the price action. This should give you an inverse view and if you form an inverse opinion to your current one (ie - would I sell if my share had a chart like this) then maybe you should hang on or (maybe) buy more. Otherwise GET OUT. You can always get back in again if it starts to move and trust me - the first lost is ALWAYS the cheapest!

malachii

PS - I hold no shares or interest of any kind in this stock and am not intending on buying in the near future!! I am not trying to downramp or upramp at all. I just know how emotional this can all get.
 

Haha. No problems. I'm 17, everyone's got to learn sometime.

I was actually planning on selling at anything over 9 (seemed overpriced for no announcement) but in all the excitement of the price flying I kind of completely...Forgot?


Cheers man, yeah it's good advice. I think I'll wait and see how the next announcement goes then if no luck, I'll sell out. Like I said, I bought in at 3.8 so I can at least afford to sit back and learn, regardless of whether it goes up or drops again.
 
An interesting conversation from hC, where Tracker2 rang steve graves re prospects on fausse point...now i reckon the 2-3 months is a tad ambitious, but its very re-assuring to know that Steve still feels this thing has legs...

The well cost $2.6M from memory and the flow rates they are talking will not produce that sort of cash, even on a different choke after clean up..... So steve is obviously in possession of something we dont know or hes factoring in getting substantially more oil from the primary oil target at 7500ft....

 

Just be prepared then.

If we do get a 'we need to do more testing' ann the SP will fall below that 3.8 (possibly significantly) in the short term anyway and it could also be a long time before if recovers if it does.

Just make sure u have a plan/strat.
 
Condog, I would NOT TRUST any company that would give that kind of info out over the phone to a share holder, as to the flow rates, no one has a clue as to what they are until they have posted them, now if they are good, they will be screaming it from the roof tops, if they are bad you will get more testing required.
 

Giving out price sensitive information on the phone to a shareholder - puts a big red flag on any company IMHO. Looks like a casino - OK if you get lucky, but most people get burnt.
 
Be cautious but its super dumb to be negative...so be veyr cautious on this not negative...

Remember this is the first well in the first zone, its on a tiny choke that may be impeaded by fluid....this zone was only ever meant to be gas and any oil here was a surprise / bonus....

A bigger choke with minimal fluid impairment may see that zone flowing at very different rates... in addition they may well be test primary oil target now rather then bore a new well....

They have three zones to test ..... 2 that should have oil and the lower which should be commercial gas....

So anyone is right in that we know jack diddly squat until the announcment , but everyone may be proven wrong to assume this is a duster .....

Fact is this is still a very small cap with possible huge very near term upside, so please dont make idiots of yourselves by using negativity as a tool...and requiring it to prodcue results of companies 10 times its size overnight....by producing massive results in its first zone of its first well on its first choke...

If your chasing those sorts of releases go and buy into WPL or another major...you will get them, but the market cap will make the find almost insignificant...
 
gooner said:
Giving out price sensitive information on the phone to a shareholder - puts a big red flag on any company IMHO. Looks like a casino - OK if you get lucky, but most people get burnt.
Click to expand...

In this case the people have all ready been burnt, that info may just be some one ramping the SP, CAN YOU BELIEVE THAT WOULD HAPPED ON HOT WHOPPERS, no way. This test has taken to long, not good news I believe.
 
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