GREY:CUDBF - Post by User
Comment by
november01on Mar 05, 2012 2:43pm
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Post# 19628384
RE: RE: RE: RE: Good things this week
RE: RE: RE: RE: Good things this week Well lets see, the placement to close around the end of Feb, so if the announcement is not made until sometime next week, close to mid March, would that make it close enough to the end of February or is it closer to April? If this PP was over subscribed why is it taking so long for IR to make such an announcement? Based on the drilling from last August we won't see any results until the end of March at the earliest. Therefore if POP drills sometime this summer and make another discovery, take another 2-3 months to determine they don't have the funds to bring the wells on line so they decide on a PP, this means any news on additional drilling (i.e. production numbers etc.) will not take place until late spring or early summer 2013. Do you honestly think shareholders are willing to wait another 18 months for further drilling results.