To all those that may be interested, this stock (and the low cost the market is currently placing on it) is being held back only (IMHO) by the lack of positive news. The process by which the company is able to extract valuable chemicals from what is essentially manufacturing waste will eventually, in my humble opinion, (IMHO) make this company, and shareholder's alike a lot of money.
In mid-January of this year management announced that shipments of the Zinc Sulfate Monohydrate would begin at the end of January. As it is now the end of February, I expect that this news will be coming very soon. Based upon the share price holding at the 5/8 level and above, I think that the expectation of the current shareholders is to hold their stock.
In fact others are buying, as shown by the graph on Friday where 50,000 shares were purchased on the uptick to 11/32. The stock is holding up with only moderate downward price pressure, which (IMHO) shows great strength based upon the delay in shipment of their product. As is usually the case with sub $1 stocks, it is normal for delays in news to cause a short term price reduction, where the MM's "shake out the weak shares".
In conclusion, I think that as soon as management delivers the news on expected sales, this stock has nowhere to go but up. To those interested in purchasing the stock at current prices, (before the imminent news,) there could be a pretty nice short-term gain. However, I strongly believe that the real money will be made on this stock by holding it long term. Their technology (especially MP3) seems like solid long-term money makers, especially, due to the fact that the market for chemicals and purification of contaminated waste is essentially without limit.
As always, do your own DD. Good luck and Happy Investing. |
