Since I previously covered Bonterra Resources Ltd. (OTCQX:BONXF) just three months ago, shares have struggled:
The business case for an investment in Bonterra still hasn’t changed; it has three relatively near term deposits with a number of catalysts, both exploration and financial, in the next year that should drive the realization of value here.
In the short run, though, I believe two things have led to the drop. First, the share consolidation, followed by the capital raise has provided a downward selling pressure to the stock. Share consolidations are