Dave is a very sharp guy. He has worked diligently and fugally through the market downturn and refused to dilute PRB when most others funded via cheap placements. I asked Dave on several occasions over the past 3 months if he would do a placement.... "NO way, noty now" was his answer every time......

Our last PP is from April 27, 2010 with MineralFields:

2.2M shares @ $ 0.45 plus warrants @ $ 0.75.

http://app.quotemedia.com/quotetools/newsStoryPopup.go?storyId=30321431&topic=PRB:CA&symbology=null&cp=null&webmasterId=92583

But does nobody find it "strange" that Dave is NOT doing a PP at these prices ?

I think, that is even more telling:

we see a company here which is trading at an All-Time-High above $ 2.00, which is more than double recent ATH´s and more than 4 times the SP compared to the trading range of the last 3-4 years.

Wouldn´t you expect any other company to jump on that opportunity and quickly negotiate a PP at these levels ?

As I said, if we don´t see a PP soon, that would indicate to me, that Dave has set everything up for a nice surprise ! :-)

FANTOMAS