GREY:BNKPF - Post by User
Comment by
wittmannon Jun 29, 2018 9:56pm
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Post# 28254953
RE:Seems like this stock isnt going anywhere
RE:Seems like this stock isnt going anywhereAt 50 cents I have to agree.The money's been made from the institutions that bought at the 20 to 30 cent range.As for Poland ,that could have been a gold mine for them.but it was a bust.Self inflicted?..of course however it was a roll of the dice.Thats what exploratory company's do after all.
Ads for Bkx's strategy, it's not beyond them to build up their assets,only to sell them.I seem to remember reading that very scenario, either from an analysts report or from Wolf himself.
I've stated here before that although the company is quite the survivor,there are many penny stock companys out there under financial stress which make them a cheaper takeover target than BKX.Reserves both proven and otherwise ,although great on paper ,do not add up to what we hope for.Theres been many napkin calculations in the past,both on this BB,and on the 8 or 9 other oilco that I own,and although well meaning..most are inaccurate..
Having said that it's no surprise that this company touts its drilling program..increasing actual production is paramount.Increasing daily production is what it's all about.The recent drop is typical of any stock that has had a great run-up.
We will see in the next month or so.
I still have a few points that need answering