We are all a bit disappointed given how low the price is vs their announcements and achievements.
i do think the low cash position was a big hurdle and now that this is out of the way, we should climb. And with less willing sellers, it can happen quickly too.
I'm still expecting a price around 20cps by Xmas.. call me an optimistic but that is not a stretch at all given they will be nicely profitable in less than 3 years without any new contracts being announced.. and based on minimum contracts locked in.. and I expect a lot more to come..
This is paradise for micro funds looking for a hidden gem with potential to be a 15-20 beggar over 3years or so but let them figure that out by themselves..
BCT Price at posting:
6.7¢ Sentiment: Buy Disclosure: Held