TSXV:ART.H - Post by User
Comment by
VASTONEon Nov 18, 2009 3:05pm
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Post# 16500642
RE: To the concerned
RE: To the concernedHopeandprayer
I have spoken with Ahmed Said on this subject and can assure you that at an appropriate time there is a strong desire subject to stockholder approval and market conditions to merge the LFD & VST companies and not just merge operations in Kurdistan as you suggest. I dont know when this will happen but personally think it will be at least announced if not completed before they spud Qara Dagh early in April 2010. The merger terms are likely to reflect the estimated resource reserves from 51 101 information amoungst other factors. I have been building a stake in VST & LFD as they almost certainly will soon be one company. I have no idea on which company to concentrate my investment in although I have a current larger holding in VST stock.
Such a move would certainly already have the backing of NIKO & KRG. These guys are not stupid.
If a significant discovery is made, the enlarged company is a prime take over target and gives them an exit strategy.
The next 12 months are exciting times for holders of VST & LFD and I shall continue to build my stake in both and hold for the long term.