Any time one goes long on a particular stock, they balance the risk of this stock's price going down vs the desired outcome of the security appreciating in price. However you may feel about the BMIX's positive catalysts -- which are, in fact, numerous: from the upcoming lithium study to potential up-listing to NASDAQ within weeks to months to 2023 revenues from Apollo's iron to 2022 revenues from Jupiter's quartzite to some unexpected partnerships/buyout -- so however you may feel about those, the reality of buying at today's prices is that there aren't really many reasons for BMIX to GO DOWN.
What are the news/events that usually cause a penny stock to drop?
1) Increase in A/S -- already happened and backed-in -- for the purposes of allowing large/institutional investors to lock in shares during he up-listing IPO (which they then must hold for 6 months without any dilution effects per page 6 of the filing).
2) R/S -- already announced and filed, baked-in -- for the purpose of meeting the NASDAQ up-listing price of $4.
3) The last but certainly not the least -- convertible debt. Most of the penny stocks "die by a thousand cuts" from relentless and vicious circle of VWAP-dependent convertibles constantly converting and dumping instantly at the bid. BMIX HAS NO CONVERTIBLE OR OTHER KIND OF DEBT - not an issue.
Even if you are not feeling confident about the catalysts here, the risk of BMIX going down in near-term is minimal as we have simply very little "bad news" potential left after the most recent events. These odds are certainly worth a gamble, if you ask me.
BMIX
This post is my personal opinion. I do not provide investment advice.
ImOnABoat
