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Bridge Resources Corp V.BUK



TSXV:BUK - Post by User

Post by indoubtgetouton Jun 11, 2008 6:28pm
558 Views
Post# 15174614

Financing Coming

Financing ComingSell off as predicted.    If you are still long this puppy, be prepared to wait a long time before the stock price gets back over $1.40.    After Durgano, BUK is out of money.   Say it cost them at least $30 million to drill this well, as at their last balance sheet released...they had about $38 million cash.    So BUK need BUCKs and they will need them soon!!!   I figure they will finance at $1.00 with a healthy warrant.   They will need about $100 million.   Good luck BUK!!
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