BUR 1.47% 6.7¢ burley minerals ltd

exceptional news, page-18

  1. 1,469 Posts.
    Tc

    What's it matter

    you don't have moeller

    you don't have the options to pay for another 10 or more wells

    so where is the upside going to come from now,

    Your production rates will be dropping off as fast as what the new wells add if they can only afford to drill a couple wells a year if they don't cap raise it could be 6 months before next drill



    share price comes from company profit hitting the ballance sheet. This was going to happen with options pulled over the line by moeller.

    That bird has flown
 
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