Post by
guido1077 on Jan 25, 2014 7:33pm
been awhile...
...since someone posted here. I think the stock is getting really interesting. Barite should get more demand as oil and gas drilling picks up. It's another commodity where China is the dominant producer (while US production is shrinking). This is the only pure play barite stock I could find. The company has about 8 cents per share in net cash (virtually no debt) vs. a stock price of 10 cents, they're not burning any meaningful cash right now, and perhaps most importantly we just got some insider buying. I'm intrigued check out this link for a useful overview of the barite industry https://minerals.usgs.gov/minerals/pubs/commodity/barite/mcs-2013-barit.pdf
Comment by
guido1077 on Feb 18, 2014 4:20pm
400K shares traded today in a single block.....most shares traded in a single day since 2010. Mind you, the stock price was about 7 times higher back then (and it was only $44,000 traded today), but still, nice to see a bit of action.