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Bridge Resources Corp V.BUK



TSXV:BUK - Post by User

Comment by Tinmannon Sep 02, 2009 11:36pm
604 Views
Post# 16273419

RE: RE:Think they will make it

RE: RE:Think they will make itResilience, I admire your resilience... Lancer, your words are cutting and I feel your pain.$0$0$0$0I too have been long from over $1 and the biggest "problem" with the story was the financial meltdown and collapse of UK nat gas prices... that's all beyond management's control.$0$0$0$0$0The warrants will not come into play... if they do, they'll bring in over $50mm in cash and BUK would be debt free. Not a bad scenario.$0$0$0$0$0Management has done exactly what they said they'd do... they drilled a boomer of a well at Durango and are managing it well. The gas put option is golden and spins of $$ every month, even while the well is shut in.$0$0$0$0$0The exploration duster was disappointing, but you'd be whistling dixie if it had hit. They have another called Steamboat and it'll probably get drilled. Stick around for that, just in case.$0$0$0$0$0In the meantime, Idaho is a cheap ticket to a potential company maker project... $0$0$0$0$0BUK can pay their debts and gives plenty of upside potential. Holding from $1+ only to sell at 20 cents is folly. If I were you, I'd add a few more down here, give it 3 months and then re-evaluate. Check back in 3 months... you may have a very different outlook then. Q4 is one worth seeing through IMO.$0
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