TSXV:ART.H - Post by User
Comment by
Baxter4on Sep 28, 2010 11:25pm
531 Views
Post# 17504846
RE: From their MD&A
RE: From their MD&AWe've always known Vast will need extra funding to drill the subsequent wells. It will be the timing of the financing that will tell a lot. Niko is big enough to carry Vast for a while, and since Niko own over 12% of Vast it is in their interest for Vast to obtain the financing at the highest share price possible. If things are looking good at the drill site, there will be no financing until after testing is done and announced. Fortunately Vast has sufficient financing until the end of this year and this well.