TSXV:ART.H - Post by User
Comment by
Baxter4on Jan 11, 2012 12:18pm
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Post# 19391776
RE: RE: RE: One more question...
RE: RE: RE: One more question... In my last post I alluded to Vast being bought out. I believe this to be the most likely scenario and I will be over the moon with any offer at 50 cents or better.
There are other scenarios which must also be considered. Vast will probably not be able to obtain enough financing to drill the remaining 2 wells without extreme dilution, so I do not believe this to be a plausible scenario. A farm-out agreement could be in the works where Vast will have to give up another major portion of QD but has the benefit that there will be no financial cost to Vast but maintains upside of a major find. Another option would be to sell the QD in favour of an overriding royalty. Again this allows Vast to share in any major find without paying anything but does give away a lot of this upside.
Whatever does happen, squid's job is to encourage shareholders to sell. His bashing technique is very subtle, but he is a paid basher none the less.