the other thing about penny stocks is that a lot of them are...

the other thing about penny stocks is that a lot of them are basically vehicles for unscrupulous directors to furnish themselves with a high-paying job for doing very little, besides drumming up interest for a capital raising once or twice a year. Aka lifestyle stocks. They are selling a pipe dream and occasionally, maybe one in ten or twenty drill campaigns get lucky and traders make a buck, but even then the company rarely does anything with it and becomes a producer. I'm kicking myself for thinking that bnl might be different, but if you look at the track record of management, Trent has some experience working as an oil and gas geologist for the big boys but since then he was a lifestyle director of now-delisted O&G penny dreadful Entek, got removed by the board in 2016 and then was apparently unemployed until 2021 when he became CEO of BNL. Well, it's a learning experience and next time I feel tempted to get involved with a penny stock, I'll have a long hard look at management's qualifications and experience. Very few of them still look like they hold value once you scratch the surface