RE:RE:Good Results + Stage with no CaveatsThere is always a caveat or negative factor built into the updates. Case in point the revenue statement had the 'based on 15 days they were able to operate" tacked on at the end. I think the market is waiting to see how things go when they have more consistent month to month operations e.g. how about operating for 27 of 30 days. Also I saw that with the 20M line of credit BBI has approximately 20M of runway. So our capital from 2017 is used up and we need to start using earnings to keep the momentum going. If BBI can show improvements in operations and that earnings are fueling growth then that would go a long way to boosting share price.
I think there will be a quarterly financials update in the next month. That might be where we see some uptick if there is evidence that both items are happening.
just my opinion and will not be confused with actual expert knowledge or credible advice.
plantrader wrote: Interesting to note, if I recall correctly the last time we received a postitive update with impressive well test results, the stock really perked up on day 2 after the release instead of same-day. This time, so far the market is pretty apathetic towards this good news. Our volume isn't very strong either.