So....it has been nearly 6 weeks since BKP disputed the 2014 work program. BKP stated that it should take 4-6 weeks for a dilution formula to be given. Therefore I would expect an announcement sometime next week.
Presuming that BKP are unsuccessful in their dispute, it would be very interesting to see the level of dilution. I think this could be the final role of the dice. If BKP are able to escape with minimal dilution, then I think this stock is definitely worth holding. However, if BKP are forced to give up a large majority of their tenements, then......sayonara. Again, this is all in the presumption that BKP are unsuccessful in their dispute, and is all IMO.
There has hardly been any buying depth at 0.003 lately. That tells me that many holders have sold out, and are now sitting on the sidelines and waiting to see the level of damage that will occur if dilution of tenements happens. If dilution is minimal, I think many will jump back on board.
Hopefully by next week we will know...
BKP Price at posting:
0.3¢ Sentiment: None Disclosure: Held
