TSXV:ART.H - Post by User
Comment by
VASTONEon Dec 24, 2009 12:37pm
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Post# 16617826
RE: RE: Sterling Energy and VST
RE: RE: Sterling Energy and VSTGood40
SEY.L actually rose 10.58% today after a 2:9 OO at 1.3p followed by the 1:40 consolidation. Additional excess shares offer based on 50% of your open offer allocation was oversubscribed many times over and scalled back, showing the appetite for Kurdistan Oil plays even at these SEY prices. You are right they have a huge number of shares in issue and are way over priced compared to VST and this makes VST look good value at current SP in comparision whatever you think about VST SP.
OO and consolidation timed to coincide with spuding Sangaw North any day now and seems to have worked for the SP in the short term. I do not see it dropping big time as you say. I have been holding since 1.9p so happy anyway already 100% up and drilling to start any day.
Looking forward to a very profitable 2010.
GL all