Recent volume shows no indication of a significant change from that but I don't want to be unrealistic and misjudge. 3.1 is all I can find as well.
I have no idea but for now I assess it's unlikely to be above 15M, and I think that's a worse case worse case scenario, and more realistic is probably 10 or less, and it very well could actually still be the 3.1 that we know of.
Regardless, I think this is incredibly undervalued even if it's 15, and the evidence will keep pouring in to confirm this over the next several weeks and months.
Should it actually still be 3.1, or even 10-15, dollars are not out of the question. There have been some articles out recently noting how undervalued it is, with some projections well into multi-dollars.
Shipping industry appears to be heating up nicely, and this may create a perfect storm for shareholders. BSTN revs appear on a nice uptrend, and it seems likely that minimum 2 more voyages will take place this month, maybe as many as 4 or 5. They could post revs for Nov/Dec of several million $$, which would eclipse all of 2016 revs in just a couple months.
As XYZ pointed out yesterday in post #4262
"There is a huge demand for bulk carriers in Indian ocean now due to the opening of a new route between one Indian port and one new Iranian port as a gateway to supply goods to Afghanistan bypassing Pakistan. It has USA blessings. I can see this ship being busy there between Iran and India.
Too many containers ship but not enough bulk carriers. "
It appears BSTN has the right size vessel to capitalize on this segment of the market.
FAG* is hot this week, with 20M...it was at under 2cents a month ago and touched 50cent today. Not really fair to compare different industries, but nonetheless.
INT* has also been on a tear, with I think about 8M OS. It nearly hit $1 a couple days ago. Again, different industry, but it gives some perspective.
Having said that, neither of those tickers have any significant revenues. Whereas BSTN is just the opposite.
All comments IMHO. Good luck to us all.
Bon Voyage!!
AI
