Replies to post #12996 on BioNitrogen Holdings Corp. (BIONQ)

[jlcl4353]

Pf ..I think you are in the ten ring with those forecasts...enthusiasm may push this yr a little more...Go BION

[TFletcher]

That's a hard one, peafunke.
There's no track record providing any technical analysis.
The fundamentals are sound, but won't get much consideration until they are in production and delivering the product.
That leaves "Trader Sentiment."
I think it would be in the 10 to 15 cent range TODAY were it not for the recent problems and associated bad press... not to mention the campaign to undermine stockholder confidence in Carlos.
As the present hub-bub (internal investigation and anon lawsuit) gets smaller and smaller in the rear view mirror, I think we will see it climb steadily - IF there are no other surprises!
It's the bond sale that will light the fuse on the rocket.
Following that, we could see a whole new crop of investors.
I don't make predictions or count chickens before they hatch...
BUT, I would not be surprised if it climbs above 50 cents once they begin construction.
AND, after they go into production and begin shipping trainloads of urea... it could easily surpass one dollar.
Long term, I see $10 per share.
No one knows how long it will take to reach these milestones.

[Richard2112]

If they receive the EPC/Bond money and break ground this year I think the share price will run up the 1 to 3 dollar range then drop back down 50% or so. Leaving us longs with the tough decision of sell or hold.

I wouldn't under estimate how high sentiment can push the sp. Remember it went to 40 cents back when they hired a plant manager and people thought they were close to breaking ground.