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23.8% 2.6¢ emperor energy limited

connecting the dots, page-7

  1. bhutos
    2,429 Posts.
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    01/04/14
    17:13
    Post #: 13201446
    If BRU were to farm into Backreef's portion as planned it doesn't mean "nothing will happen". BRU suggested a drill would happen next year which is about as fast as any other potential outcome. There basically isn't an option that gets a drill in the ground this year, this year is all about riding BRU's testing program. The main issue with the Buru/Backreef deal for OBL is it doesn't provide OBL with any money for their side of the drilling.
    OBL Price at posting: 1.7¢ Sentiment: ST Buy Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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