takeover premium, page-73

Sorry BURU posters but you lost me many posts ago. Bored with personal posts that mean nothing to me. I like facts.

Here are some facts why I currently love BURU and why I see the current SP is a crazy bargain.

Remember these are quick calcs only without expenses.

Current market cap of BURU is $582M

We should be getting about $100 per barrel.
We should be producing about 1500 barrels of oil per day.

Equates to $150,000 per day
$1,050,000 per week
$54,600,000 per year

Yes. we have to halve this as we have to give 50% to Mitsubishi.
Still this is great revenue.

If we ramped production to 5000 barrels per day that equates to: $500,000 per day
$3,500,000 per week
$189,000,000 per year

If Ungani3 and other wells are successful that might be achieved by the end of this year.

However this does not equate to and any potential gas and the potential is huge.
This is just based on oil revenue. And it is not based on the next 5 proposed wells. Who knows what else we will discover???

So as for my portfolio I have leaned more heavily this year on BURU to gain more return and sold out of some other non performing stocks. Yes it is a gamble but an educated and researched gamble.

This year we might see further market volatility and BURU might have some down periods but I look forward at least getting 1 or 2 bags out of it this year based on current SP.
BURU looks like a very good quality stock to hold.

Who knows. Once all (gas and oil) reserve data is released then the large investors will jump in and the big boys might become a predator for BURU.
Who knows what the future holds for BURU, but I feel it is going to be very positive.