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Bridge Resources Corp V.BUK



TSXV:BUK - Post by User

Post by cfhasibon Aug 23, 2011 6:04pm
2512 Views
Post# 18972575

BUK Refinance

BUK Refinance I am sure BUK will get the refinancing thing done, one way the other. If banks don't help them out (highly unlikely) they may find other insiders to finance them,as lot of ppl mentioned, there are too much gas at stake and no one wants to miss out on it. The issue here is, I don't believe the whole resolution of financial picture going to happen very soon, issues like this takes discussion (and its for the good interest for Bridge as well) - there are lot of negotiations, hagling and lowballing involved before reaching out for a deal, so let the BUK big boys sort it out. Worst case scenario, they may be bought out by any big guys - and even then, their stock price should be 15 cents without any additional premium (based on my own calculation)My only worry and concern is that, if Banks are not that favorable, then buk may do a share consolidation to raise its share price to help attract new investors - for us, its not a happy thing to happen. But anywayz, I am getting well ahead of ourselves here, I don't really believe the issue will go that far. I am very positive about their debt restructuring issue... just have some patience.
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