Darkest before the DawnAs we all know the biggest problem BHS has is a continuing shortage of working capital.
You can't mine or process rock if you don't have the funds to guarantee payment of your miners and processors. And, of course, raising money in the market when your shares are sitting between 6 and 8 cents is hugely dillutive and a very bad alternative.
Now, what if there were to be another, non-dillutive source of working capital?
I understand that GO is working on not one but two financial alternatives which will let the mine swing into production without substantial dillution.
With low share prices and low trading volumes, if this is correct there is a very good chance BHS will strengthen if either of the two sources of funding materialize. Right now, any spare money I have I am picking up BHS. (If I had more spare money I bet I could move the share price by buying all of $10,000 worth of stock.)
I don't know if we have seen the bottom but I am pretty certain we are very close.
Now for a burst of speed out of the old Bayhorse.