You might ask yourself what this bill before congress has to do with BioAmber. HR1462 was referred to committee in the last (113th) congress. It would remove the requirement of ethanol being a part (up to 15%) of your daily gasoline fill. Most ethanol for this purpose comes from corn. BioAmber uses corn based alcohol as a major component towards their product. If ethanol fuel requirements are lessened or removed, I believe this will have a pretty big impact on the price of corn. I think we could see corn below $3 a bushel (currently trading at $3.95 a bushel). This would have a positive impact on BioAmber by reducing the cost of materials to create their product.
Now if congress could just get off their A's and do their job!
5.1% is decent but don't make the mistake of PAAS being the substitute for a bank account. Your investment just isn't that safe relatively speaking. But on that note, I think PAAS may touch the 8's but this is a good point to start averaging in.
Thats always an important question to me. I looked at what appeared to be todays big block trade of 18K shares. I wasn't in front of my screen at the time, but looking at the reporting on the NASDAQ website (even though this is an NYSE listed stock) you can see that most of the trades were in small volumes over a pretty short period of time.
If you have read the book "Flash Boys" then you would recognize that most of BIOA daily trading is in 100 share trades. This is simply a methodology used by the computer controlled trading entities to probe the market. It costs them nothing. If you or I did that, it would be a losing proposition once you add in the commissions for all of those small trades. The small trades are used to determine if there are any significant orders (buy or sell) out there. So the price may bounce around all day long - but it means nothing!!
I am in the buy and hold situation with BioAmber. They have a good plan. So far it has been expertly executed.
No. Just My opinion also. But with the price of silver at a low point, the company should preserve as much as possible their cash position. Or possibly put the money towards their mining techniques/methods to reduce their cost of getting the metal out of the ground.
1. Upcoming 4th Quarter results. Approx March 10th.
2. Announcement that production is ready to commence in the next quarter.
3. Favorable price of Corn ($3.85/bushel) which is the major bio-base for the production of Succinic acid.
4. Crude Oil appears to have bottomed and is up-trending. This results in a more favorable comparison between bio-based product and that which is produced from fossil fuels.
Anybody have a less snarky response with a bit more emphasis on the technical reasons for the lack of correlation between silver prices and stock prices. Seems to be across the board, not necessarily a PAAS issue.