Personally, I don't believe anybody sells out of any particular stocks to "offset" any CGT implications they may have made elsewhere. It seems like a rather dumb strategy if you do that.. so my guess is everyone is selling out of fear of the share price decreasing even further.
Facts are this: - Sell side is heavy - Buy side is light - The hype and momentum from 2018 is basically long gone - Market Cap is way down from even 6 months ago - We are still cash flow negative - We are still doing capital raises - Any positive news has only resulted in a drop in share price - not an increase.
While I like your optimism, I only see red flags and worrying sides at the moment. The only thing stopping me from selling out is I'm too stubborn to accept this much of a loss, especially when you say the fundamentals appear to be still there. Even if production increases as expected in June19 quarter - the share price ain't going to go much past 1c in my opinion.
What does it say that were were all more interested in Shellbell's overseas holiday than any news in BSM this month
BSM Price at posting:
0.7¢ Sentiment: Hold Disclosure: Held
