Balmoral Resources Ltd BALMF

push the price down

[montybissett]

Seems we have some new folks for shl. Probably wondering how a stock can be priced at this level. I would suggest less than the nickel deposit. In my opinion, that isn't worth a whole lot other than I have been here for a few years and buying on dips. BAR mgt thought they had another West Timmins on their hands. Neighbor needs the asset etc, get grade and away we go with a buy out. A couple things happened on the way to heaven. Detour went right in the tank from 40.00 to 3.50. After building a billion dollar mine with 1 GT grade they found much better grade on property. So that door closed a couple years ago for now. Then we got unlucky again and discovered nickel a year too late or maybe 2 years too soon. We then decdided to take focus off gold and go with the flavor of the day, pouring millions in the nickel as it was descending from 9.00 to 3.50. Saying gold didn't matter. Supposedly with analysts telling Mgt a turn in nickel price was imminent. Then as nickel was crashing mgt got cold feet and put out a light resource report to save face right in the middle of a huge bull market in gold spring of 16. We had great drill results on nickel fall of 15 and that is the latest period we should have stopped it dead in its tracks.We have been unlucky and Mgt have made bad decisions. They have made fabulous decisions on finding the property and where to drill. Raising money is an art. We haven't figured out that art form yet either. I still think it is wonderful buy and even got better again today. GLTA as we might need it. Hopefully the sellers will get tired of losing money

Mr Critical