TSXV:ART.H - Post by User
Post by
goldtoeon May 17, 2010 2:39pm
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Post# 17106462
can't really..
can't really..
compare OIL with Vast.. the debt level that OIL had was huge and when the fiat bankers on wall st decided they wanted tax payer cash to bail them out of their losses.. there was no money for companys that had debt and the blood vultures swooped in for the kill.. that was a so called once in a hundred years event.. or was it?
Anyways VST/NKO are in much better shape.. NKO has revenues and Vast has no debt. The times they are a chang'in.. debt is a bad word.. always has been for shareholders as bond holders always get their money first when the pie hits the fan.
There's always the possibility that they could truck oil out of black mountain to Kirkuk.. it would give them some cash flow and the market would love that. There's a company in Kurdistan that is doing just that and they've never had any problems doing so.
When the oil deal is finalized i expect that VST will near double overnight.. it would remove part of the "risk".. the large amount of oil they'll find won't hurt either.