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Bullboard - Stock Discussion Forum Brixton Energy Corp PMBJF

"Brixton Energy Corp is engaged in the acquisition, exploration and development of petroleum properties."

GREY:PMBJF - Post Discussion

Brixton Energy Corp > Playing the juniors
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Post by beenaround2012 on Jun 21, 2012 10:33am

Playing the juniors

 It seems that we have a lot of people that don't like this company. I have played the juniors for over 20 years and have lost money on a lot of them and made money on a lot of them. If you play in this market you need to know that you can loose ALL of your money on them. If you loose be a big boy and move on.
 Now if things go wrong and that can happen you sell and take the tax lose or you hold and hope that things can be turned around. BUT you don't cry no one made you buy and no one made you hold. If you stay around after you sold and cry on the bull boards you are a troll and need to get a hobby.
 Debt can go at 10 to 20 cents on the dollar. Drilling can be done vertically so if you can't get on a piece of land you can go from next door if you know where you want to be. So the asset is still safe and they do know what they have and how to get it.
 Now as for Mat Lewis ( Jim Rockford ) he goes to companies and asks for shares to pump them on the boards as he is doing on his BXR. They are not drilling now and need put some money in the till to do so. I know the driller and so dose the corporate development guy for BRX. We have shares because of the driller he is very good and has been in BC. for a long time. We have had a lot of  beer with him.
 So at the price of the shares today I can't see how I can loose much as the news comes out I will buy more. Always remember that things can and do change. As I told you befor I have made a lot of money with with the corporate development guy and I think I will again.
 Good Luck to all
Comment by errussell on Jun 21, 2012 10:52am
The only way to address your little pump MR. Been around......there is a huge difference in investing in a good prospect and being scammed out of your money!   Yes I have lost alot of money here, I have family and friends in the oil and gas business......Jimmy is absolutely right when he says word around is dont touch that with a 10 foot Pole!!!!   Are the well sites good possible plays. ...more  
Comment by rborhi on Jun 21, 2012 1:14pm
Beenaround I hope you're right and things start moving up here. They do have some decent properties, but never seem to do any work on them, because of lack of money or lack of connections I don't know.  If they can JV with someone or get the right person involved who can make things happen, there is still a chance of a turnaround.  Lots of companies have debt, that can be dealt ...more  
Comment by dontaskitsbigger on Jun 21, 2012 3:28pm
I get the risk part of the junior markets and have both lost and made money with various companies, that’s not what I’m talking about. It’s one thing for a company to try their hand at something and not succeed it is another thing entirely for the company to say they will do something and not do ANYTHING…that has absolutely NOTHING to do with risk. Any Junior company has to focus on revenue or it ...more  
Comment by errussell on Jun 21, 2012 6:28pm
NO one has been issued the Brixton energy shares, therefore the original agreement has not been fulfilled, we all should be entitled to a refund of the shares taken!   No sure how they have been permitted to follow throught with the action?
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