RE:RE:RE:RE:RE:Analyst CommentsBisley wrote: What's the burn rate? Can't see them doing any more fund raising without a ten for one. It's so or die with what funds they have. Cash flow probably won't cover off the needs.
What is the predicted critical drop dead date on funds given the burn rate and future expenses including land?
BBI might be able to borrow a bit of money next year, but if they have to wait for the new gas plant to get built in 2019, they won't have much cash flow until then. So expect another financing sometime early in 2018. Hopefully the share price will have recovered somewhat by then. A few successful wells will go a long way to restoring confidence in the company.