RE: financing closed"the" idiot posters" you referred to who were speculating on a PP around10-20 million plus an equity financing"
First of all, a PP is an equity financing.
Second of all, today's NR states BUK management got a US$70mm loan (debt) from RBS for Durango development (no shock there) and the equity (share dilution) portion of the total financing was for another US$15.2 mm (8.7mm units + 4mm warrants). So it looks like those "idiot posters" talking about a 10-20 mm PP weren't such idiots after all.