I've been thinking about BUL's cash flow for a while now. 12 months of runway, but they should really announce something in the next 6 months for certainty. I'll think positive and assure my self it's because the John's will have no problemo pulling in cash. My main thought has always been don't we need some cash in the bank for legals/accounting/due diligence for our $Payday; pipeline, GSA, Farm in, take-over or what-have-you? But I don't know much, so I'll trust the best in the business now what they're doing.
Had a quick look and last capital raising which was when we had ~5 mil in the bank. But we were a different company then (spending millions a quarter on exploration). Now we're A grade penny pinchers, and I love penny pinchers.
BUL Price at posting:
14.5¢ Sentiment: Hold Disclosure: Held
