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Tuktu Resources Ltd V.TUK

Alternate Symbol(s):  JAMGF | V.TUK.WT

Tuktu Resources Ltd. is a Canada-based junior oil and gas development company. The Company is engaged in producing oil and gas properties in southern Alberta. The Company’s assets are located in southern Alberta consist of 29,685 gross hectares in southern Alberta near the Foothills County. The assets have a base production of approximately 165 barrels per day (bpd).


TSXV:TUK - Post by User

Bullboard Posts
Comment by rockhead7on Nov 18, 2008 12:25pm
331 Views
Post# 15593085

RE: RE: Resource Est

RE: RE: Resource EstI have a significant position in this tragic comedy and I wish I shared your optimism that we could see a liquidity event in the near future but it really doesn't add up.  If Isontok could realistically be sold in this market enviroment why would as astute a business man as Dixon be diluting now at these prices?  The reality is that only the weak and the desperate are going to the trough in these market conditions-and apparently thats us.  Gordon and I exchanged emails last time he issued stock at what I considered cheap levels-he's very conservative and wanted to make sure that funding was in place rather than gamble that it would be available later.  But he has been raising funds all year-we shouldn't be in a position where we have to dilute now.  Now is the time to gamble on better equity markets in the future-on the simple premise that they can't get any worse!
Bullboard Posts