GREY:BNTNF - Post by User
Comment by
ajootianon Aug 17, 2005 7:55am
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Post# 9421130
RE: Bid size building nice...
RE: Bid size building nice...About time they got to drilling a hole. They farmed into this thing last October, initial expectations were to begin drilling in 3 months I believe. Oh well, better late than never I suppose.
This roadblock at $1.50 is not unexpected, I believe a lot of the stock hitting the market is newly minted shares from the exercise of the $1 warrants. If so this would be great news, its critical that this company reload its gunpowder before the drillbit gets too far down on this first well.
We should get a clue about how many warrants have gotten exercised in the company's 1Q report that will be coming out in 2 weeks.