The stock price is not that important to Bragg and Team. Maintaining the rich rewards more lucrative. Bragg will exercise the converts this year to further dilute SU and new investors.
West African costs per day are over 185k.
Closer to 200-220k
Tungsten starts it's mob later in Q1 and Titanium is earning less then 590 due to its mob
Also , Braggs eps target is accounting for both converts being exercised this year to dilute up to 400 mm shares. That's our reward for losing to SU
HH. You must be playing a diff game. The goal is to have people buy your stock not sell it. SU is selling 26mm shares this week since we lost the first round.
There are consequences for the longs
SU won the first battle.
He will now try to proxy fight to oust Bragg and stop the lawsuit. What will he offer shareholders to move this forward. Fidelity is really only the real swing vote that could put SU on top.
Looking forward to who buys the stock this week and earnings.
You need to have some humility the stock is 1.70 after our best quarter.
The market is telling you given all the risks involved eps of. 30 cents is not worth the risk at 1.70.
Cernst sold , gringo sold , I am selling. All longs who liked VTG are selling.
Have some humility
At what point do you objectively evaluate VTG?
You have been calling for 2 for two years. It's ok to make mistakes when investing. I've admitted mine. We could have owned the index and been up 100%.
Now were still chasing 2 with no hope of 3. None.
I will continue to sell down my position.
Not a chance we do 40 cents!
Paying off the convert will cost 4cents.
Q2 will be down.
Your assumptions are aggressive.
But 2.10?, dam dude we were 2 last year. 4% return?!?
No shot at 40 man, I wish
I sell every quarter and will do so until I am out of the stock or I see anyway the stock can go higher. I'm telling you earning 33 cents the next two years won't do it.
Hoping for a proxy fight
Stock market is a discount mechanism. The market is telling you something is very wrong with VTG.
Do you really think the market has been wrong for 3 yrs and we found a gem ?
Entire capital structure has been compromised. 34 cents in eps with a $3.4 B enterprise value. That's a joke ! Please stick with drilling your investment and finance acumen is lacking,
We made a mistake. It's ok. You only need to be right 65% of the time in this game.
Stock was 2.20 when Platnum hit the water , have some HUMILITY!!
Most of my shares under 1.50.
Def a loser for investing in this company. As are you and you know it.
I have to resize my position. Too many other stocks that are working. The VTG story was compromised by Dragonquest and terribly weak corp governance. My mistake. But the last thing I can afford is to be sitting back 3yrs from now with more execuses.
I continue to sell and will do so until I see a catalyst that will change the outlook. The eps are fine. But no one will invest because they don't trust Bragg as stewards of their capital. That simple.
No guarantees this stock is much higher in 2 yrs. we all have been wrong here. I'm the only one admitting it.
The lawsuit is not a 2014 event if ever .
I agree , things are looking up but we need a cohesive board. Unfort SU owns 33% of the company. He can vote shares.
He is not going to sit back and wait to see what Bragg does.
He is going to make the first move and try to attain more seats on the board with who ever buys the stock.
At 1.70 Bragg has no defense. You know it and I know it.
If SU can proxy to change the comp plan, create more independence on the board and promise a dividend next year then I would vote yes.
Something needs to change. We just had our best quarter and were 1.70.
Unfort this come down to $$$$$$. Bragg or many of his peeps will be gone soon.
Stock will go up if the shares don't hit the market .
This is his last asset. Why would he run it to zero. No one will lend these guys $$$
There will be changes but the rules of the road may change and will ensure capital returned to shareholders
Chko. Sounds like you have some real $$$ in this stock. Are you telling me shareholders could not be better represented with some changes with the board. Maybe a comp plan that aligns are interest?
That May or may not include Bragg.
At 1.70, are you telling me your pleased after our best quarter ever?
Let's see where the shares end up this week but I have been saying all along and now with the 10ka that SU has a plan and now he has leverage.
If an investor connected to SU does step up this will become a reality.
HH. Your just too passive and you don't see the big picture. You know a lot about drilling but that hasn't translated. If you read the 10KA and tell me that's an equitable deal then I have no respect.
You really have no argument at 1.70. The corp governance is a disaster.
I wish I could report that wasn't the case but it is. The stock is not investable.
You don't seem to care. You seem to think $$$ will fall out of the sky and make the stock go up.
Get ready for a proxy fight this summer. SU is going to play offense.
Again the only firm that needs to be convinced in Fidelity.
Do actually think they filed the 10KA on the same day they lost the case?
Do you think it's a coincidence?
Good chance Bragg voted out soon. No different then Tom Ward. Another fraud.
FMR owns nearly 15% of the stock.
Most proxy fights would be expensive to take on....not this one.
You basically have 1 firm to convince that your recommendation will add value. Pretty scary if your Bragg and Team. And Fidelity has been killed in this stock. How many years have they been diluted and watched mgt over pay themselves as the stock languished under 2. You just can't have mgt diluting book with early refis, converts, and dilution for Palladium that was a failed mission. Bottom line. Bragg has failed to deliver value to us. The cost of growth was much greater then what it was worth to equity holders.
If there is in fact a buyer for the 26mm shares half the board will be turned over by the next board meeting. This will cost some money but this will not be difficult. Tuff to say what happens to Bragg but he hasn't proven he can bring investors into the stock and my sense is he is the new Tom Ward that will be asked to leave. My confidence is this lawsuit is lost and Bragg went all in to keep the stock down because of SU. Who was hurt most? We were .
VTG needs to be rebranded with investors. Tick Tock Bragg. I will be happy to vote in favor against him.