vast opportunity? So assuming we get 70 million or more in cash for the Chia stake that leaves us with a big chunk of money to invest as I can assure u they won't pay it out in cash. That being said Vast does have a very nice asset in its 25% share of Qara Dagh. They just raised $2.5 million by issuing 45 million shares but need at least $20 million more to fully fund there share of the next well. Does LFD use 20 of that newly acquired pot of money to finance VST's share of the next well? And at what price? If its at 5 cents then i for one would be in full agreement of this move. Longford would gain controlling interest with its 400 million shares and be getting a great deal. The kurds only got 60,000,000 shares for the extra 10% of the block . If this was the deal i for one would love it as lfd would still have $50 million cash and a 60% stake in Vast. If they hit on the second well lfd's share price heads way up and we still have the cash to pursue other opportunities. Its a win-win situation. Since Forbes and Manhattan own both they would like the deal as they gain on both ends thru both companies without diluting themselves out of the picture. They are in essence using their own money to finance themselves. The only thing needed is to get the deal approved by the OSC and exsting shareholders. But all the big boys will want it as they own both so it makes sense and the little guys either go along or risk getting nothing down the line when vast can't raise the extra funds needed. It will be tow the line or write your investment off completely. Better to have a smaller stake in a successful well and producing block or nothing at all. So all in all Lfd could soon be looking like a very nice investment indeed. With 25 cents in cash and 15% of Qara Dagh I could see a 50-60 cent share price quite easily. Who knows what will happen but knowing F&M I can see this as a distinct possibility
All in my humble opinion but we will find out soon enough,
Longrider