Black Dragon Resource Companies Inc (BDGR)

[cameraturret]

57Tbird,

I was talking about the buyout rumors. Actually the new buyout rumors. I've heard Lanza is meeting with some Nasdaq Company today on merger/buyout. Since we think we know that the other buyout offer was about .50, this must be better than that.

My take is that this company being cash flow positive shortly and the price of oil at $66, should have this stock worth .70.

As far as the oil production, I'm pretty sure it stated it clearly that it was the combined wells pumping 100 bbls/day.
How long that lasts, I don't know. But the influx of cash will be helpful. The news that all the other wells reworked would add 20 something more bbls/day helps greatly too.

The recent PR's are far different from before in that there is no exagerated expectations thrown in.