HoustonAggie37713 said:
The main reason is will take a while to get to dollar levels is the logistics of its financial structure. It's a penny stock that is held mostly by degenerate gamblers at this point. The float is heavy. The CEO is paid on stock so he will sell on bounces.
That being said, if you are someone looking to flip a quick buck it will have another big run to $.07-$.08 soon and you can dump it if that's your plan.
I'm not a part of the penny stock phenomenon, I'm all in on lithium plays. They just happen to overlap here. You started to see lots of penny stocks fall this week. It won't end pretty. Never does.
Do you feel like BMIX will have several spikes up to 7-8 cents? Or will it be a one time thing before they start generating revenue?
I'm guessing that the spike you're talking about is when they actually start mining?