GREY:ARHTQ - Post by User
Comment by
kaosblueson Apr 24, 2010 1:51pm
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Post# 17027664
RE: VST/LFD
RE: VST/LFDHold the phone Goldtoe...I am generally in agreement with you on most matters on this board but I think you might want to reflect for a moment here. The Chia Surgh block is already proven to contain oil with some pretty impressive proven reserves. An amalgamation of these two companies could be very healthy for both and will provide a bit of security if one of the plays falls on hard times (dry hole, blocked hole etc.). In effect you are taking two horses in a horse race here if they merge, although one can do a similar strategy if they buy both stocks. I for one think that a slightly bigger company will command a little more respect from the big boys and will also mean that if Niko wants to take out VST they will have to pay a bit more of a fair premium to do so.
Anyway, we have heard this talk for some time and nothing has come to pass, I wouldn't worry about it too much at this point either way. you stand to win. what we do want to see in the next short while is WZR hitting oil and hopefully hitting big. We should see a huge bump up in the SP of VST if this happens and we should know in relatively short order i.e. 2 to 4 weeks.
One other point is that LFD already has a fair amount in the bank, I don't think they really need to do a PP right now either, but regardless, remember cash is always King despite a possible dilution.