i think there's got to be a bit of game-playing here? The volume to get us here hasn't been that large. recall dropping over 40% one day on a $500 trade! And this time again, we are talking about small holders giving up or someone messing around. the volume is too low. $5k here or there doesn't mean much
i think we could do with an update, but i think industry deals will take place at much higher values to this. think NGE in 269. still sold that acreage for 32+8M despite the whole company being worth a fraction of that amount.
at least CMT have decent management, only a few shares and no debt!
but to answer your question - i guess i don't like it and how it makes my portfolio look. but when i see that a single 15k investment can wipe out a chunk of the register and get us up >100% from here, i'm ok for now. Having said that, i'm not standing in front of the bus. i'll need more clarity and confidence before averaging down from my position.
BDM Price at posting:
4.2¢ Sentiment: Buy Disclosure: Held
