GREY:BNKPF - Post by User
Comment by
Carbonbullon Oct 24, 2019 10:11am
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Post# 30263867
RE:RE:RE:RE:RE:Optimism
RE:RE:RE:RE:RE:Optimismau contraire i am still alive and well and have quietly been buying adding to my already overweight position, i also share your frustration in the silence from management although you can call the office and with patience get ahold of Wolf Regner, he does not seem panicked, i beleive he is quietly accumulating cash less the requirment to reduce debt and will drill a well in the 1rst quarter. meanwhile i am at a loss to undertand why this trades where it does ,,,same questions can be asked of other juniors like Yangerra ...there has been 300 billion wiped off of the juniors capital in the us markets alone this year only junior positive is Hess up 7 percent...lousy space to have been in 2019 , that isnt the same as saying the company is lousy ,,, this will either get taken private (all shareholders will be screwed at this price) or it will be taken out (a better price for recent shareholders but still not ideal) best result would be a rights offering raising 10 million or so and then a focused 4 well program leading to a sale ,,, but judging from the board that is not possible so best case from here is back to the low 20's and gone, or as others suggest maybe it just goes under a victim of lack of interest in juniors , either way i will either have a nice tax loss to offset gains or will have something to be i told you so ....