Basically I decided that at this point I was gambling on bnl rather than investing. Too many unknowns and unusual way of dealing with this drilling schedule. The cash position, Global macro, the experience I’ve had with small caps in this field all add to my concern. I want to come back but I’ll only do that when some more certainty is baked in. I am very dubious of the 8.8% number that gets bandied around. The lack of flow data anywhere. Good luck to everyone that’s hanging on, I hope for the best and will keep a close eye on the happenings. Hope to join you all on the bnl train again soon.
BNL Price at posting:
2.6¢ Sentiment: None Disclosure: Held
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