InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,300.26
(
1.02%
)
US TECH 100
18,104.00
(
1.50%
)
Dow Jones
39,832.74
(
0.69%
)
Brent Oil
82.61
(
0.07%
)
Bitcoin
65,555.26
(
6.51%
)
Post# of 14330
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

OriginalFred

Send PM Follow Ignore
Followers 0
Posts 331
Boards Moderated 0
Alias Born 06/10/2004

OriginalFred

Re: amarksp post# 394

Tuesday, 04/11/2006 3:11:16 PM

Tuesday, April 11, 2006 3:11:16 PM

Post# of 14330
I think the market is grossly under estimating how positive this news is. This is the signal that Burnstone is a "GO". We will know the real strategy soon, but as a rough guess, it will take $100 million to get Burnstone running. This dilution should cover $25 million of that. With a good feasibility study, it may be possible to finance the rest with debt.

Whoever bought these shares must realize the potential of this project. They did not receive much of a discount. The market has been ignoring Burnstone for a long time, but I think the stock price will begin to reflect the value of Burnstone soon.

Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up