RE:RE:On the topic of raising capital, share price and high G/A You do realise that the pp could be offered to accredited investors right? Just saying....
Anyways, let us see if BBI can achieve their objectives going ahead. In my opinion, we are now entering the "sell in May" doldrums...hopefully BBI stays on track.
JDavis17 wrote: skiptoggle wrote: If the current doldrums in relation to the share price are tied to a pending private placement then it doesn't have to be all doom and gloom. The positive side is some party or parties are interested in helping BBI get to the next level in their plan possibly accelerating the plan.
Share price will move up when BBI (and their 3rd party) demonstrate sustained uptime. Which in turn will drive up earnings.
G/A cost might be high relative to earnings but if earnings rise that ratio should become more attractive.
If this doesn't happen then someone with a better track record, or more horsepower should take over.
As always in the information vacuum, people start speculating without any basis or fact but treat their words as gospel. Either buy more, hold tight, or sell and go to some other bullboard to share your wisdom. Don't post BS just because you have no new factual information.
Sounds like you are referring to the bs posted by Lucas. He only brought up the equity (dilution) issue and the "high" G&A costs in a dishonest attempt to drive the share price down, as he wants to buy back in. That is why I put him back on ignore.
The facts are that BBI shouldn't need to do an equity issue until they get those northern wells drilled, which will take most of the rest of the year.
Having said that, the banks are always pressuring companies to do financings, as they always get a big cut for doing very little. No doubt Garth is under similar pressure right now, so all we can do is take him at his word that he doesn't want to go that route until absolutely necessary.
Absent of any facts to the contrary, I have to go by what Garth said.