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Bridge Resources Corp V.BUK



TSXV:BUK - Post by User

Comment by molymoneyon Feb 25, 2009 2:03pm
296 Views
Post# 15802854

RE: RE: Expectations have been lowered??

RE: RE: Expectations have been lowered??In these markets  stocks don't trade at net asset value. The problem we have is we can't sit idle on these
flows and in 2009 we wanted to drill say 3 targets. WE were counting on loads of dough to implement
and develop more gas. Management never lets the balance of cash go to zero. We are going to
be cash flow positive in 2009, how positive even the analyst don't know because the backup will not
be assessed for several weeks possibly. The main concern is will management be forced to dilute a bit
to meet its probable means to grow. When we had the whole $100,000,000.00 coming our way
instead of  sharing it, the numbers looked great, now we possibly may get in a pinch, just when shares
are trading low and liquidity is at a premium. We were much better off with big cash flow NOW
And not receiving it later.


MM
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