How much is VAST really worth?Based at .035 cents this company is worth aprox $7.000.000.00 million dollars. One month ago when Vast did financing with Niko , Niko payed $9 million for less then 1/3 of this company. At that time everyone in this board said that was steal , Vast is worth alot more then that. Well Niko knew very well there was a little chance of finding comercial oil in that hole. Why did they pay so much? Why did they agree to re- negotiate the terms and agree to pay for all the future expenses. How much is this company really worth?
It was worth over $30 million dollars few days ago and no comercial oil?
So , what is it worth right now ? Same situation as before no comercial oil.
At $7 million dollar cap , how is Niko ever getting their money back?
I'm missing somethig here.
So what is this company really worth?
Remember , under the new agreement Vast still holds 37% interest on that block.
We view Vast Exploration as offering one of the highest potential exploration
rewards within Kurdistan, but it remains highly speculative given its pure wildcat
exploration base. In our opinion, Vast carries significant prospective upside as it
chases large oil targets (>1.7 billion barrels of OOIP) on the Qara Dagh (Black
Mountain) Block, where it holds a 37% non-operated working interest. The Qara Dagh
Block is operated by Niko Resources. Vast trades on the TSX Venture Exchange under
the symbol VST and reports its financial results in C$ in accordance with Cdn GAAP