TSXV:ART.H - Post by User
Post by
goldtoeon Jul 26, 2010 6:46pm
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Post# 17298149
stock options
stock options
the 17M plus shares made available are bought at the average of 5 days trading value.. these shares aren't given away by any means.
Maybe one of the reasons why managment brought forward the marger between VST/LFD was because it would almost guarantee a buyer of both blocks once they strike it "huge" at black mountain. That way they can sell both at once and get maximum value for LFD's block... IMHO... however it would have been better for VST shareholders if this merger stuff had have been put off into the distant future... then buyers would just be looking at taking out Vast's interest in black mountain...
Vast saved issuing 60M shares to the Kurdish government for 30% royalty in the final 10% of the PSC... good deal for shareholders.
Vast is sittín at about $120M m/c .. awefully small for their soon to be massive oil reserves!!!
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