RE: Expect a 5x move as we near drillingHad WZR actually found oil in their drill results I would have to agree with you that $2.50 - $3 would be a no brainer....however they didn't and they pulled every other Kurd hopeful down along with it.....investors will be much more cautioned this time around... I say it could be around $1 before drilling depending on how well they promote schedule news releases, etc.
Let's hope WZR keeps it's mouth shut for a while as the stream of bad news from there has not helped matters when it comes to VST and LFD.
For those that don't realize GKP who's discovery is much further north, is currently trading at a market cap of about 470 million pounds. So about $700 million CAD and it has already drilled and found considerable oil.
Translate that market cap to VST now if a significant discover is found.
Say 270 million shares with all warrants/options/etc....
That's about $2.75 - $3 IF they get good drill results like GKP................$20 seems a bit far fetched doesn't it....that's a 4 billion dollar market cap....if so why isn't GKP trading at that level right now? because of political risks, reduced share of revenue potential by Iraq government, etc....d
Just keeping it real......bringing people down to mother earth..
Loop