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Re: chickenvestor post# 10619

Thursday, 08/09/2018 6:34:57 PM

Thursday, August 09, 2018 6:34:57 PM

Post# of 12368
Most of us on this board estimate they have 9 mos to 1.5 yrs before they run out of cash and give pxp energy another reason to exploit them once again and dilute their stock again. Their burn rate was like 300 k or so a year recently I think .

Also. When it's china who comes out with statements in the future declaring that "yes, we accept a 60:40 split to pass their constitutional approval". And "yes we agree to the framework, let's sign and work on the actual contract and drill a sample". That is when I will bring my odds to 85% getting done. The sample/drilling being positive would be making it 95%. Just my opinion. . When the damn aggressor is the one making the positive statements on getting this deal done then it's truly more likely .