TSXV:ART.H - Post by User
Comment by
VASTONEon Oct 17, 2009 7:00am
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Post# 16396408
RE: VST GOING TO$20
RE: VST GOING TO$20Maysteeler23 - "I dont mean to brag" - thats exactly what you are doing. You are just giving the Bashers ammunition to keep on posting their also meaninless cr*p. I am heavily invested in VST and also have a significant exposure to LFD. I also think that the merged company will go to the moon but I am not predicting $20 or any other price without backing it up with analysis from proper research. If you have worked out this value from an estimate of 2 - 4 billion discovery, then post your financial analysis based on recovery percentages, extraction costs, analysis of the PSC contract, share dilution from future capital raising and how costs and profits are aportioned. That will give others, including the Bashers the opportunity to have an informed debate on your valuation instead of the meaningless drivel posted on this board.
We all know there is political risk with the ICG. We all know there is always the exploration risk which I think is actually smaller than the political risk.
Ahmed Said has made no secret that VST & LFD will merge in the not to distant future. The merger details are important to both VST & LFD stock holders and likely merger valuation based on resource estimates. I believe the merger will probably be announced and completed before VST spud their first well. If you know it all, then please post some proper analysis backed up by facts of whether we should all be filling our boots with LFD shares or VST shares at this time as they almost certainly soon will be one company and I for one am unsure on the ratio of these two to hold prior to any announcement. We know the seismc from VST will be good. We also know that Longford have known oil already in place and they intend to do minimum seismic on the rest of the block and start to re-open old fields as soon as possible with lower start up costs. We do not know what else they will find on the remainder of the block until they complete the Seismic .
Lets try to regain the value of this BB and stop the dozens of meaningless childish posts on here every day. A good VST BB will only have 5 - 10 posts a day if you are lucky if they are backed up with REAL facts REAL research and REAL analysis. Look forward to some meaningful posts from you in the future when you can enlighten us all with some supported analysis.
Regards
VASTONE