BUR 0.00% 13.0¢ burley minerals ltd

10mil cap revenue 800 000 per month, page-8

  1. 2,670 Posts.
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    I'm not saying that BUR is on it's last legs. I'm saying that a cap raising might come in the next 6months if revenue does not come in like hoped. Now if BUR wanted to raise $5million for wells 7-10 than they would have to pitch the price off the raising at around 8cents. 70million more shares gives close to 200million shares. Now BUR does not look that good. So it is important that revenue from the current 4wells and the next 2 produce a steady revenue flow otherwise the above will have to happen.
    Now out of $15million BUR has $4million left. So $11million has gone to the first 4 wells and admin costs. 2 more wells and cash is gone and BUR has to rely on revenues from the first 6 wells to advance thier projects.
 
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