TSXV:ART.H - Post by User
Comment by
Baxter4on Jun 21, 2010 11:45pm
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Post# 17209187
RE: RE: RE: Will Goofy ever admit that VST SP migh
RE: RE: RE: Will Goofy ever admit that VST SP mighHe doubles the number of shares outstanding as dilution for further drilling in order to make his math work, as if Vast is going to be at 65 cents if they found 1.5Bbbl oil in place, which is lower than the P90 estimate by the way.
I'm surprised he doesn't remember yikes1, he seem to remember posts every post people made a year ago. I'm guessing he keeps files sorted by posters and subjects of every post he thinks he may use someday.
Goofy always seems to say VST is trading like it found 1.5 Billion Barrels except when you do his math using his low ball numbers you still get $1.30 a share not 86 cents and again that's using his numbers?
1,500,000,000 X 37% = 555,000,000 x .17recoverable = 94,350,000 x $4 = $377,400,000 / 290,000,000CS = $1.30