The market or more specifically market sentiment is a funny thing. There is no logical way of estimating what the prices should or should not be. BKP could well go to 1.5c based on the fact that it went to 0.9c just on the ISIS report which basically said things were good but needs significant further evaluation.
I would be very happy for BKP to reach 1.2c if the Ryder report is positive. Without rigs, production, problems etc. a 200% gain from 0.4c is fantastic in my books.
Just to add another angle to todays trading pattern; i'm now certain that although there are 1.7 billion shares on issue, given the total volume traded in the last two days represents the TOTAL trades over the last 10 months, weak frustrated holders have sold out at 0.5c and the new holders represent the more optimistic and fresh blooded individuals that we need to see BKP launch from a new base.
BKP Price at posting:
0.5¢ Sentiment: Buy Disclosure: Held
