Just be careful trading the bounce. One thing I've learned is...

Just be careful trading the bounce. One thing I've learned is that often where there's smoke there's fire. I got burned trading BIG Un Limited (BIG) about 8 months ago. There were some negative AFR articles out and the share price crashed over 50%. All the loyal shareholders were calling for the reporter's head and saying he and his buddies were shorting the stock. A couple of days later the director's released an announcement disputing the claims in the article which I stupidly believed. I made some very good money trading the next 2 days and thought on the 3rd day the gap up was sure to get filled and I could make another easy 10-20%. How wrong I was! That morning the company went into a trading halt as ASX and ASIC investigated and long story short, the stock never re-listed and all the claims plus a lot more proved to be correct, and I, along with a lot of others lost a lot of money.

Now in no way, shape or form am I insinuating that BKY is even in the same ball park as the other company I mentioned. The director's of BKY are a lot more reputable and if the permits are granted then right now this stock is incredibly cheap and the potential here is huge! All I'm saying is execute some caution as if there is any truth to the rumour then you have to ask what you think the stock will be worth?