GREY:CUDBF - Post by User
Comment by
JohnnyQueon Aug 28, 2012 4:34pm
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Post# 20271146
RE: RE: Down the road after the payout.
RE: RE: Down the road after the payout. Right. Doubt they have much cash. Lesser of 2 evils. Finance to bloat the shares or JV. I will take the JV any day.
To be honest 4 wells on J5 shut down. That hurts because of the money spent on them. Lots of targets on J5 yet. Your looking at maybe 4 million blown away. I hope the guys at Chapman learned a lesson on that. We move on and burn the bridges.
Lets see what happens with the drilling from the J/V agreements
So NO DILUTION , JV guys taking care of all the costs. and a heck of alot of GSR
shares remain.