Bridge Resources Corp V.BUK

BUK Refinance

[cfhasib]

I am sure BUK will get the refinancing thing done, one way the other. If banks don't help them out (highly unlikely) they may find other insiders to finance them,as lot of ppl mentioned, there are too much gas at stake and no one wants to miss out on it. The issue here is, I don't believe the whole resolution of financial picture going to happen very soon, issues like this takes discussion (and its for the good interest for Bridge as well) - there are lot of negotiations, hagling and lowballing involved before reaching out for a deal, so let the BUK big boys sort it out. Worst case scenario, they may be bought out by any big guys - and even then, their stock price should be 15 cents without any additional premium (based on my own calculation)My only worry and concern is that, if Banks are not that favorable, then buk may do a share consolidation to raise its share price to help attract new investors - for us, its not a happy thing to happen. But anywayz, I am getting well ahead of ourselves here, I don't really believe the issue will go that far. I am very positive about their debt restructuring issue... just have some patience.

[SCORPION17]

Who would buy BUK out with all the debt?? They will first have to refinance, then raise money. These are two separate issues and lets hope they have been working on the refi for a while however with this management team I highly doubt it although would love to be prove wrong. I think they will need some sort of commitment from Perenco that Durango will produce sometime soon to provide the lending

[All(in)Idaho]

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[cottager97]

For anyone that would be interested in what could transpire in regards to financing /debt etc. google "Canadian Superior Energy" SNG2008-2009 Discovered a massive resource of natural gas off the cost of Trinadad,makes this look like a bic lighter..in any event,poor management practices and bad finance allowed British Gas to walk in for a song (something like 10.5 million?) share holders