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Message: Re: buyout or nothing
1
Jun 06, 2008 03:44AM
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Jun 06, 2008 04:59AM

I totally agree with the comments of roadrunner and cooper. Excellent posts. IMHO, the only scenario that made sense to postpone drilling of MW was if they were considerring a JV with NOT. But, as Roadrunner points out so eloquently. "PARTNERING UP WITH NORONT DOESNT TAKE AWAY THE RISK OF HITTING NOTHING WITH THE DRILL. IT ONLY DILUTES THE UPSIDE OF A MAJOR STRIKE." (MGT, please read that sentence over and over as many shareholder feel this way.)

Considering the limited information we have to date, I also would like to see a complete buyout of MW holdings as opposed to a JV. But then again it raised the question that keeps coming up, how can PRB even consider selling the MW property unless they have drilled it first to have a clearer picture of what it is worth.

We need additional information from mgt and the sooner the better.

profitz

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Jun 06, 2008 08:00AM
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Jun 06, 2008 08:02AM
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Jun 06, 2008 08:09AM
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