OTCQX:BALMF - Post by User
Comment by
kbagaion Feb 20, 2018 4:44am
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Post# 27585740
RE:RE:What is it all about?
RE:RE:What is it all about?Valuable points.
However, they are all forward looking and based on some sharply positive assumptions.
If track record was to suggest one thing, that is, the management is immature for this kind of package. They may have done well focusing on one asset with a strategic partner giving advise on top. You see the lack of presence of any strategic investor brings out a poorly executed plan or lack of vision.
This childish management is oblivious to the fact that this is not 2009-2011 era, where companies saw great appreciation in stock prices on a find or two.
After the crash of 2011, capital only flows to top tier management rather in tier 2 places. In this case we may have a tier 2 asset in a tier 1 region. However, the management is tier 3 (considering that is the lowest scale). They should learn from the oil and gas industry, how to work in a low price environment. Bring someone like Sprott, McEwen etc. and then you may have a chance of returning back the shareholders their losses (forget about profits).