Post by
raybay_98 on Apr 29, 2010 12:15pm
What A Disaster!
PXM at +16.3% and BUK looking to go into negative territory. Like I said, time for management to be gone. Could it be that they can only get 10 cents on the dollar for the NS gas assets?
JMHO
Comment by
TheJesus on Apr 29, 2010 1:16pm
Speaking of disasters what did PXM sell half their land to Bridge for?2 cents on the dollar.1 cent?.005 cent?Tee hee.Have another big laugh when PXM cashes their 15 cent options they gave themselves 1 month before drilling started.Hardy har har.Laugh your arse off when Bridge saunters onto the field with tens of millions in cash flow.
Comment by
TheJesus on Apr 29, 2010 1:28pm
Bridge almost got PXM's whole property for less than 4 mill by the way.I told you you need to read a bit slick.Also if you ask the right person they will tell you what they want for their assets.Then just cut it in half.
Comment by
raybay_98 on Apr 29, 2010 1:34pm
As I recall, PXM sold zero, they withdrew the offer to sell. As I recall, two individuals sold their 50% for 4 or 6 million shares of BUK at .24 per individual. They must be peeved at this point. The price appreciation of PXM has been nothing but outstanding and BUK will never match PXM's appreciation!JMHO
Comment by
TheJesus on Apr 29, 2010 2:04pm
I'm glad you appreciate how well this is going thanks to the operator.Who?That's right good old incompetent BUK.I am impressed too and I've been in the field.I'ts not usually this smooth.You wanna learn the hard way go to the north sea.PXM couldnt even drill their backyard on their own