C´mon guys and girls !

What is this dilutive PP for ?

PRB doesn´t need $ 25M now ! They don´t need $ 40M over the next 12 months !

All this money for a company, where the CEO recently was not willing to spent any serious money (I think it was less than 500k combined for that JV where PRB was operator) on drilling a NOT-RoF-JV in the most prospective area !

Dave didn´t spent more money in the past, than really really neccessary.

And now, you see the same guy spending like mad and doing a massive PP ?

PRB will NOT drill with 20+ drills for the next 6 months to generate two NI 43-101 !

PRB will NOT go into production within the next 12 months !

Man, that will be a 67% dilution (fd), if fully subscribed.

The subscriber of group of subscribers of this actual PP would gain 40% control (fd) of PRB instantly. That´s better than a hostile take-over bid, isn´t it ?

And if they have aquired shares over the last 12 months or so .....

Boom ! PRB is gone !

For me, this is possibly the end of PRB because soon we will have someone having a control majority over this company!

Again, what other reason could there be to sell over 40% of your company in one go (for a very cheap price) ?

And the role of BMO is clear in this scenario as well ! Get the sharks together in one basin !

JMHO. Cheers, FANTOMAS