Iron Brdg Res Inc. OEXFF

A dollar and change might take it

[JDavis17]

Velvet is right about one thing, IBR has a money problem. They would have to do a financing to ramp up production. So for shareholders, the choice is to suffer that dilution, and hope further drilling continues to be good, or take a reasonable offer. 

I think Velvet really wants IBR's land, as it would increase the efficiency of their own operations, so they will up their bid. 

The wild card is the potential for LNG Canada to give the green light to their BC coast LNG export terminal, which would provide a big boost on the natural gas side.

So IBR shareholders find themselves in an interesting spot, take the bird in the hand, or take a chance on the flock in the bush. 

Regardless, 75 cents is an insult.