Re: Coming income stream
in response to
by
posted on
Oct 03, 2007 06:50AM
Must be a PP coming. I hope they are sensible and do a repeat of NOT.V at .50 cents with a warrant. Stock was .35 a few weeks ago and yes it has location but that's it. Doing the PP at .50 was a good move by NOT and would be a good move by PRB. You'd have to be brave to want to ante up at anything higher given the historical price of PRB. It's not a NOT if you know what I mean.
NOT with Windfall went to .39 just recently. PRB doesn't have a Windfall to fall back on so they will have to think carefully where to price any coming PP. Also look at FWR and other area plays, big pullbacks after the NOT news.
Play it smart PRB management, keep your shareholders and future shareholders happy. And don't blow the money when you get it, spend it all on drilling and do it fast. Don't drill six holes and call it quits, drill it like swiss cheese and get it done. I'm sick of seeing companies drill six holes and then take another year or two to get back in and do another six holes. What a waste of time and money. I think investors go into the PP with the realisation that management intends to drill and find something or nothing and not take five years to do it.
Aussie