my valuation, page-3

i think something is not right with the old well's too.

just gone back over the cashflow reports..

in April 2009, the revenue from the wells was $603K

in Sep 2009, the revenue from the wells was $208K

and now in Dec 2009, the revenue from the wells was $118K

I am really starting to get cold feet on this stock now.

sell depth on the ASX has boomed now with people wanting out. so I must not be only one.

i cant see them filling this cap rasing.. so wont get $1.2mil

i cant see them getting the share price up to 30c or more for converting the options in AUG which will cost them $14mil

and they are basically broke now. so how are they going to pay $10mil for drilling, plus keep forking out $600K a quarter on administration?

it worries me this will be another copper co, great idea, but hands in a bankruptsy statement to the shareholders.

if this next week doesnt deliver it will be good night for all BUR holders..