Summary
THE phrase 'not for widows and orphans' could have been coined for companies like Victoria Oil Gas.
The Aim-listed explorer has told the City a story that has a seductive chance of success, but at this stage in its development there is also a real chance of failure. Indeed, the shares yesterday fell 61/2p to 931/2p on nervous selling fuelled by gossip that colourful chairman Kevin Foo's plan to find 'rescue' financing has hit big trouble.See the full content of this document
Extract
Victoria's Investors Reach for Bargepole ; Market Report
Apparently, Victoria will run out of cash in about eight weeks and is desperate to continue its exploration activities in Russia. But institutions have so far given Foo, who has ...
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