When stocks retrace some of their big run, people will often think its because of a CR. No CR required. They paid out NST and are spitting out cash. They had $68.8m cash at the last qrt and just got another $12m cash in from the T2 placement. They also got another cash pump from the larger option exercise. They are in production, dropping another chunk of real money into the account every week. They must have nearly $90m in cash and bullion. The Lakewood payout ends in two more instalments. That's only $45m in total. BC8 effectively has approximately twice the cash on hand relative to debt. The selling looks related to a larger flipper who has been selling down for some time. The stock is also full of traders, and the stock churns a lot. The sort of cash flow they have now puts BC8 into the sweet spot with each passing qrt. No spiders here. dyor
BC8 Price at posting:
81.0¢ Sentiment: Buy Disclosure: Held
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