Very aware of Hotcopper, have not posted anything there but those guys sure do like to write up the bad stuff and ignore the good. One thing I really like about BCC is that they never give up. When natural gas went bad in 2009, they jumped over to oil, when Lee County didn't work they went after Alaska. When the stuff they bought from Steller didn't work they bought Kenai Loop. When they didn't have a drilling rig they bought one without any money of there own. When their funder pulled out of Alaska they replaced and did a bigger deal. With all the negativity in the market comes the time to snap up cheap shares.
At this point and 4 cent share has only a potential of dropping by 3 cents. And while that is a lot percentage wise it still means that with a very small amount of money you can get a ton of shares today. A raise in price by 1 cent gives you a 20% return. That's pretty good in my line of thinking.
Also, the proposed guys are running something called Dart Energy and they are working hard to push that share price down so they can take it private cheaply. They did that at ACER I believe. It the case of BCC they don't have to go through that, they can just do it at this price. I am not sure they understand the asset base though, they are unconventional oil and gas and probably have never been to Alaska.
One of the guys that I am familiar with is close to Buccaneer and tells me they are close to a cornerstone investor that would need board representation, could be good to see another Oil and Gas pro on the board.
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