BUR 0.00% 13.0¢ burley minerals ltd

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

  1. 42 Posts.

    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..

 
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