TSXV:ART.H - Post by User
Post by
discernon Nov 12, 2009 7:03pm
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Post# 16481855
Niko's purchase of 10%
Niko's purchase of 10%It cost VAST 60million shares to purchase an additional 10% of the block from the Kurdish Government. The cost for NIKO finally came out at $30million US. So the Kurdish Government was valuing VAST shares at about
.54 (plus or minus a bit).
I find it ironic that shortly after closing the vote, the share prices went down from
.75 to
.4X and have stabilized at a value that the Kurdish Government/NIKO assigned to the share price.