Australian (ASX) Stock Market Forum

VIL - Verus Investments

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Holding at 3.1c.

Also enjoying the ride. Not standing to benefit as much as others, but I'll still have enough to cover my HECS fees once I start Uni and more ontop to reinvest.

I've been following this thread for a while now, really valued reading views from experienced traders such as Condog and Putty, hoping to learn something off such posters.
 
GaryS said:
I'm getting .........excited on this one also. Hold 600 000 @ low numbers.

Condog, do you still feel your calcs below are still close to the mark.

Quote

Worst case = initial small loss to maybe 2.8c or so on bad news
My speculative most likely outcome case 3MMBO may = 20c sp increase (VIL 50%)
Best case outcome may = 12MMBO with possible $0.75 max share price (VIL 50%)
This is purely speculative calcs....they have not been cross checked and are not to be relied on for anything othern then pure entertainment value....

I may not able to retire, but I will be able to pay off my house.

May buy more early next week if there is any signs of weakness
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The markets a strange beast and it has a habit of proving predictions wrong..... but my best estimates, i think the worst case scenario is possible better for now as at least we all and VIL know there is definitely significant gas at multiple levels....oil is presnt, although quantities are unknown and no substantial find yet....commercial viability or otherwise is yet to be announced

So in short I think the worst case scenario has imporved....the most likely and best case scenario are probably not quiet as good just yet....

I personally believe and this isd only opinion....so DYOR SeekEX.P.Advice etc.....that the 4.5 cent share price is now well and truly justified, in fact with the finds announced today I was surpirsed it didnt hit 6c or more....and I think as some analysits and brokers begin to absorb and crunch some numbers we will see abit more excitment.....

My reason for thinking so is this company has experienced teams drilling at thier cost, they have a 50% interest in a known oil and gas producing zone and they have a large tenement capable of producing not only substantial revenue, but also likely to given all the very strong gas indicators and oils smears to date....

Even if this whole is only good for gas, it should provide more then adequate revenue to fast track and extensive drilling program and possibley buy significantly more lease areas....

On current news I would roughly estimate iot should be 6-8c and then if the news next week indicates gas production it might rise further to say 10c depending on volumes....

With gas an commercially viable oil in this hole it will go up significantly obviously dependent on volume....

If it comes up dry and gas is not economically viable I expect a correction....but with all these positve signs a big result would still be expected soon.....so 4- 6c or so should be easily sustainable, even with no more positve news....

I really mean this......do not make your decisions on my optimism....its my opinion and my optimism and Im not a broker, oil tycoon or analyst....Im a mug punter who does well......but its your money, your risk and your decisions that will determine your fate......
 
I've been looking into VIL recently, some rather impressive trading on high volumes. I don't currently hold but I'm more into the fundamentals rather than technical so I'm deciding whether to enter next week. On one hand there's a good chance of impressive news next week but on the other hand I can't help but think I've missed the boat. Hopefully the strengthening SP isn't from traders jumping the gun on commercially viable oil being present - in other words reaching its peak SP.

Either way I'll be doing some research this weekend while I try not to melt, with any luck there may be a number of discounted shares on Monday being sold by the nervous ones.
 
Mrb1g said:
Holding at 3.1c.

Also enjoying the ride. Not standing to benefit as much as others, but I'll still have enough to cover my HECS fees once I start Uni and more ontop to reinvest.

I've been following this thread for a while now, really valued reading views from experienced traders such as Condog and Putty, hoping to learn something off such posters.
Click to expand...

I only started full time trading this financial year so take any of my predictions with a grain of salt, have followed the market for a few years but this site and some its members have opened my eyes to some of the ins and outs and I have learnt a lot from it and some of the threads, especially spotting some of the pitfalls that may hinder some penny dreadfuls that were oblivious to me.

To the best of my knowledge the options expire soon, if the SP hits .10c and they are executed it will be as good as doing a cap raising at a premium price as opposed to the sneaky little mates rates ones that pop up over the smaller shares and dillute a stock for little gain, they did a cap raising not long ago and I think they should have enough to do the next hole in the program (maybe 2), so either way the next hole should proceed unhindered.

The other thing I was thinking over was that VIL is an investment company, do they really want to stay a one trick pony or will they prove up the field and either farm a percentage out, or sell it off their percentage for a premium.

If they are cashed up from the options it makes little difference as any opportunities that are near term that they are looking at like this one will be able to be paid for.

If my statement on the options and the cash input to the company are incorrect feel free to correct it.
 
I say this with good intent and mean no ill by it.... But even the few new punters in here now watchingg and commenting on this stock are a good indication....

For if they have sat up and noticed it and its potential as well then thats indicative of what the brokers and adviser / fmanagers will having ticking through their heads and meetings aswell.....

The volumes and increases we saw this week will put this little baby on the screens and watchlists of quiet a few small cap investors .... and thats never a bad thing for shareholders.....

Putty your comments seem spot on the money re caps and investment co: ....but they wont need to farm out here yet , as they are the non working party with predominent interest, so id say they will enjoy the spoils till upside starts too look more exhausted.....

Verus will only pull money if they can find a better investment to put money in.... and right now thats not on the cards...

By the way putty you beat me to picking VIL in the jan stock picking comp.... and i offered you 50c to take it off you.....but you never replied......how bout i make it a $1..........Id reckon right now youd be the leader or close and must be feeling pretty confident of being in the top few.....
 
sjx said:
Still holding this one.. Thank god I didn't cut my losses, cause I was getting worried at those 1.8c levels.. I have to admit.. Was not going to get trounced by the institutional selling..

God I love these results. This gas show is the best yet.. if just one of these gas shows is commercially viable, we will see 6c imo.. and there are THREE gas shows.. and the very strong possibility of oil!!

I really think we will see TEN:2twocents before the end of this month.. and beyond that, if all goes to plan 25 cents will come before the VILO expiry in my opinion.. (still don't have the balls to trade VILO though.. not long to exp..,) 75c is pretty wild but.. lol. i would be a multi-squil if we see 75c!

Enjoying reading some of analysis's. Not fully up to date in my oil & gas play knowledge so it helps a lot.

Don't think we will see confirmation of on Monday, but either Tuesday or more likely Wednesday.

Good luck to all.:)
Click to expand...

Ok I got approx 4 M dhares in this , and at present my exit strategy is out with about 3M asap on acceptable prices if its no further good news.........

If its commerrically viable or oil is discovered I was thinking about ofloading some after it runs and buying come call options for future gains(possible writing some puts as well) or holding and buying some put options to safeguard my prices.... Has anyone else got an options play considered for taking / protecting profits or for riding further gains after or around your wanted sell points... I dont use a lot of options as havent had the time, but would be interested to know from a few more exp players in the options game...

PS: not VILO, just traditional options...
 
Like my avatar - its the VIL tenement and entire sal dome tenement diagram...

The yellow at the bottom of the dome is the VIL tenement and the other colours are the other commercially viable tenements with current discoveries....

As you can see the VIL tenement is huge..... so even if this well is only gas the entire tenement in a known region is extremely positive.....alternatively if the breadth of the primary target cavern is huge from a longitudinal point along the domes edge , volumes are ptoentially monstrous in proportion to the sp and market cap.....
 
Putty7 said:
I only started full time trading this financial year so take any of my predictions with a grain of salt, have followed the market for a few years but this site and some its members have opened my eyes to some of the ins and outs and I have learnt a lot from it and some of the threads, especially spotting some of the pitfalls that may hinder some penny dreadfuls that were oblivious to me.

they did a cap raising not long ago and I think they should have enough to do the next hole in the program (maybe 2), so either way the next hole should proceed unhindered.
Click to expand...

Still, you have far more experience with the intricacies than this 17 year old ;)

Considering what you've said, will you look at selling out should Verus hit say, 10c, based on this drilling alone? Or would you hold onto them in the hope that future holes could prove equally positive?
 
Mrb1g said:
Still, you have far more experience with the intricacies than this 17 year old ;)

Considering what you've said, will you look at selling out should Verus hit say, 10c, based on this drilling alone? Or would you hold onto them in the hope that future holes could prove equally positive?
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I will be looking for a strategy to take profit but hold exposure..i will probably sell the shares and garb some options...not sure though if anyones writing them for VIL, its possible too small, but I will try a few brokers anyway...Personally Im after a 20.7 cent gain on each parcel I have so around the 23 to 25c mark and I will be extremely happy......In fact I will be on holidays - forever.....and thats not out of the question givne the great gains oon TRF and ROL in recent weeks..... this one has as much potential (possible only) upside as either of them...

On another note VIL gets another prime article mention in todays Australian

The top-traded stock by volume was Verus Investments, with 214.55 million shares worth $9.26 million changing hands. Its shares jumped 0.6c, or 15.38 per cent, to 4.5c. Market turnover was two billion shares worth $3.24 billion, with 582 stocks up, 535 down and 320 unchanged.
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http://www.theaustralian.com.au/bus...ie-bourse-higher/story-e6frg8zx-1225817483311 - disc....no responsibility by this duck or forum if you follow this external link.

Its nothing major but all helps
 
Mrb1g said:
Still, you have far more experience with the intricacies than this 17 year old ;)

Considering what you've said, will you look at selling out should Verus hit say, 10c, based on this drilling alone? Or would you hold onto them in the hope that future holes could prove equally positive?
Click to expand...

I don't know, shares sometimes do what you least expect them to do, .10c is just a rough level I set myself because it is where the options come into play and as with a cap raising it may set a solid floor under the share, I don't know if the first hole will be enough to get it to my first hurdle, but that is my opinion and a guess at best. If some of the bigger traders and instos want to see it go up it will, if they don't it won't, it will come down to buyer strength as there is no shortage of supply and the day traders are loving turning it over at the moment.

If the well is a success, the SP will reflect the in ground resource value and some speculation on the future until they get more wells online to take advantage of the resource. Don't get me wrong I am optimistic about this share and my money is where my mouth is, it just pays to focus on some of the negatives that could affect things so if they occur you are ready to act and then take the rest as a pleasant surprise when it happens.
 
Quoted from Condog
By the way putty you beat me to picking VIL in the jan stock picking comp.... and i offered you 50c to take it off you.....but you never replied......how bout i make it a $1..........Id reckon right now youd be the leader or close and must be feeling pretty confident of being in the top few.....
Click to expand...

If the SP drops to 3.4c before the end of January I will give them to you for free lol
 
Could anyone tell me exactly where Fausse Point Salt Dome is??

I have been trying to find it on Google earth without any luck
 
"Could anyone tell me exactly where Fausse Point Salt Dome is??

I have been trying to find it on Google earth without any luck"

Its in Cameron parish -Louisiana
 
The area that is shown in the maps from the announcements can be found here, you can see that the salt dome extends into the water and can make out some of the older rig infrastructure on the northern side.
 
Putty7 said:
I don't know, shares sometimes do what you least expect them to do, .10c is just a rough level I set myself because it is where the options come into play and as with a cap raising it may set a solid floor under the share, I don't know if the first hole will be enough to get it to my first hurdle, but that is my opinion and a guess at best. If some of the bigger traders and instos want to see it go up it will, if they don't it won't, it will come down to buyer strength as there is no shortage of supply and the day traders are loving turning it over at the moment.

If the well is a success, the SP will reflect the in ground resource value and some speculation on the future until they get more wells online to take advantage of the resource. Don't get me wrong I am optimistic about this share and my money is where my mouth is, it just pays to focus on some of the negatives that could affect things so if they occur you are ready to act and then take the rest as a pleasant surprise when it happens.
Click to expand...

3 good gas anouncements, problems drilling and your worrying......pffffttt Putty look at all the other data around the dome in the reports and average it out....every teneement thats found gas has also found commercially viable oil.....just cause its not flowing to the surface doesnt mean it aint there.....and even if its not down this hole its IMO likely to be down a hole adjacent to these..... hydrocarbons are present , gas is present, they have the correct formations , in a producing zone.....

Im extremely confident on this one.....make sure you get your head in the right place or else your likely to sell on the first little price rise....and if you do that your likely to miss the big one if or when it comes....in any stock....
 
condog said:
3 good gas anouncements, problems drilling and your worrying......pffffttt Putty look at all the other data around the dome in the reports and average it out....every teneement thats found gas has also found commercially viable oil.....just cause its not flowing to the surface doesnt mean it aint there.....and even if its not down this hole its IMO likely to be down a hole adjacent to these..... hydrocarbons are present , gas is present, they have the correct formations , in a producing zone.....

Im extremely confident on this one.....make sure you get your head in the right place or else your likely to sell on the first little price rise....and if you do that your likely to miss the big one if or when it comes....in any stock....
Click to expand...

My head is in the right place and I am extremely confident, one novice giving advice to another I am not comfortable with lol, .10c is my first target figure, flow rates may be needed to get there though I would think, possibly an announcement to drill the 2nd well. I hope to be proven wrong.
 
hi all , markets excited with prospects, some good strong buys up to 0.055 already and good volumes staring to appear to hopefully sustain it for the morning.....tempting isnt it I could grab $75K profit for a fortnight this morning if volumes build...but im holding on....

I once had a profit, then away it flew.......... ahhhh the voices from the little men inside your head are cruel ay LOL
 
It's just a waiting game now for the announcements.

The share price will do the talking.. The potential gains in the week ahead are pretty exciting.

Good luck,
 
Trading halt :/

Oh well, looking at the volume in pre_open I think I've missed my chance. Good luck to all holders :p
 

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