OTCQX:BALMF - Post by User
Post by
Chaulkduston Jan 09, 2019 9:55am
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Post# 29205266
What's going on?
What's going on?
Something strange is going on? BAR price is rising a bit on exactly ZERO news for the last 2 months? BAR/BALMF volume has been up a bit for a few days? WTF is that all about? Stock should be in a holding pattern or dropping weekly like it has done for the last year! Feels like someone has information I don’t have and I don’t like that a bit. Also, noticed a big uptick in shorts during this last few day period.
They started drilling in the Nickel GUC in the second week in September and added a 2nd drill at that time. Planned for a 11,000 meter drill program. Yet we see absolutely no results? I wrote BAR before and suggested they stage the drill results better and more frequently but apparently that fell upon deaf ears. I hope BAR isn’t trying to be clever about the results because given management’s ability to do anything is rather pathetic and usually results in disaster. This information delay is very suspicious.
Perhaps my paranoia is unfounded and everything is WONDERFUL:
Nickel LME warehouse burn is at approx. 6,000 tons a month at the current rate of the last 30 days. Too bad we don’t know what the Class 1 nickel rate is. Thus at this rate we have 0 Nickel in 34 months. The Nickel price has not risen with the steady depletion of the warehouse levels. Perhaps due to private Nickel warehouse/stock piles being utilized off the LME. Once these sources become depleted perhaps we might see a boost in price.