RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:ManagementBT, happy Sunday, come on you know how this works, have a look from inception, most of the insider investment of this company, by private/public acquisition, warrants, etc. happened in the .15 to .30 range, I too was tipped to get into this opportunity early on playing in the .25 to .48 range buy/sell rinse, repeat, May thru October 2019.
Got lucky enough to increase position under .20 thru .28 last spring on same tip of multiple timed news releases and got further lucky to hold long enough to sell into the 10 bagger run up from .17 to 1.70+ starting north of 1.25.
The 10 bagger run up will not happen again for this company IMO and I believe I am savvy enough to realize given the nature of penny stocks that the retracement will likely be large on fib, so why would I rush to take position again when we are still 2-3 months away yet from drilling season starting up and any subsequent new releases.
Might as well show some patience to see where this may really land and tech suggests to me on a handful of time frame charts, .80ish +/-.
I am not privvy to speak to what the 3 guys I know of did with their initial acquisition shares, I would guess knowing what I got lucky enough to do and that is sell a major portion of them into that 10 bagger rise.
Do I think their is another kit at the cat on story for BNCH, sure, maybe a double form the low I hope to enter at, maybe even a 3X-4X, and then like most of it's junior predecessors who own dirt and some holes, they will sell the company or it's confirmed deposit land assets and poof on to something else.
Yes, good luck to us both, but if I don't see my price area for an initial re-entry I likely won't touch it again, I already got lucky enough to realize a nice return first real run up and not interested in giving any of it back. There are too many good things happening in the O & G sector as things finally start to show life again as example to make any real commitment again to a penny stock company from Edmonton who owns dirt, rock and holes, but will never produce, cheers.