Kolibri Global Energy Inc BNKPF

Seems like this stock isnt going anywhere

[germtech1]

Sorry to burst the ballon.....but if management want to gain shareloder value...drilling a well here and there just makes this stock flat line.
Management might of been good saving this company from bankcruptcy....but in some ways it was there focus on Poland and the money exhausted that put them in that mess.

So if your entering this stock Im not sure what the value is in buying it....????

[wittmann]

At 50 cents I have to agree.The money's been made from the institutions that bought at the 20 to 30 cent range.As for Poland ,that could have been a gold mine for them.but it was a bust.Self inflicted?..of course however it was a roll of the dice.Thats what exploratory company's do after all. Ads for Bkx's strategy, it's not beyond them to build up their assets,only to sell them.I

[auburn2]

It appears they aren't going to get a credit increase. Since they need money for drilling and want to accelerate drilling, they may be doing an equity offering around 40 cents for a raise of $20 million or so. Thoughts?

[BrokerG]

Auburn, They just received AGM approval to issue 3 series of Preferred shares. With Macquerie's help they will now try to bring this to market. Is this what you are referring too?

[auburn2]

Yes, the market doesn't like dilution, nor do I. TGL hasn't issued any shares during the entire oil bear, and consequently has more than doubled in a very short period of time with hardly a breather. TGL did an acquisition as well with zero dilution, using cash on hand and debt. Dilution kills returns in these junior companies.

[auburn2]

JSE is probably a better buy. More production and a better balance sheet. The ex Talisman CEO is impressive.

[BrokerG]

Auburn There is no dilution. They are issuing Preferred shares. Unless they default on payment of dividends, then a maximum of 10% of the Preferrreds can be transferred into common shares. 

[wittmann]

Broker,haven't you figured by now that Auborn only uses this BB to pump his own agendas?He knows zero about BKX...he never did.He pumped MEI (all but bankrupt) for example.Its posters like that to which I was referring to in my past posts as garbage that wrecked this BB . I don't know why you try to educate that kid.

[BrokerG]

Your right Mr. Wittman. I realized that after I replied to his post. A little due diligence on his part would help.