RE: RE: Seems Some Just Don't Get It No, I'm saying until they get the infrastructure in place to move the oil to market there will be little interest in buying. BNG is dead money (as it has been for years) until they get some decent cash flow.
Look at the volume today. Does this indicate to anyone that the markets went all goo goo over the news? I know the bulls will says it's because the markets are in a funk but when BNG can start to produce the oil get it to market & start to produce cash flow & profit then & only then will the markets take a long term view of the company.
Once again look at AEN. They had an oil discovery called Katandra how many years ago I can't remember. It is pretty much the same type company as BNG (so look to buy if you like BNG then AEN is just as good) it trades at about 66 cents. WHY because just like BNG they lack the permits & infrastructure to move the oil to market.
Both are working at getting the permits & will one day either become a player or will be bought out if a major takes an interest. However, until they have the infrastructure neither one will be considered a player .Except of course by the always optomistic retail investors that see every NR as suger plums dancing in their heads.