Replies to post #315 on Buccaneer Energy Ltd. (fka BCGFQ)

[DeepDownResources]

Greeny, I agree but in the land of the ASX all things are possible. I am on board with the upside but if a shareholder can come in and throw the breaks on, it ain’t going to happen.

If I am this takeover group, I'm loving this. The shareholder base has been beaten up and are willing to believe that a shareholder with 8% of the company is doing this out of the goodness of their heart. Yea right. Give me a break. They put their pupets in and take over. Pretty soon the Alaskan team is no good (they have taken a really long time to do anything anyway) the capital markets are not conducive to equity raise, the local governtment is not helpful, the “other guys” screwed this up beyond saving. Then it is a fire sale. All shareholders fail, but these investors get a big upside to their personal check books by brokering the assets.

[davo22]

Shareprice 3.3c, no cash, significant financial commitments and only 10 bussiness days for you guys to vote....IMO the time for giving management the benefit of the doubt has passed,the reality is this company is on the verge of a whole world of hurt if it cant secure financing in the very short term...The proposed directors are independant and will likely attract the capital needed and I highly doubt they will come anywhere near the proposed 900m share dilution put forward by the current board....The directors combined have only contributed $13,000 for the rights issue, that is very telling...