TSXV:ART.H - Post by User
Comment by
Baxter4on Aug 19, 2010 4:00pm
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Post# 17366682
RE: Financing soon
RE: Financing soonThe beauty of having Niko both as a partner and a 19% owner of Vast is it is in Niko's best interest to have Vast delay financing until after a major discovery is announced. Much less dilution to Niko's interest this way and means carrying Vasts costs for a month or so.
This of course assumes they find oil, but Niko will know long before any announcement is made.