Balmoral Resources Ltd BALMF

RE:RE:RE:RE:RE:Walking in circles...

[chaney]

Hawaii, I hear you but those questions below apply to almost all base metal stocks on TSX so there's zero to buy.

Look at GGI, I think it went up over $5 down to .86 and around a $1 now.

No doubt about it, it's been ugly but at this point I think I would rather take a chance at buying at .15 than selling and losing. I think we've reached critical mass at Grassett as per that last PR.

Any way I'm going to hang in and probably will buy more I willing to let these new zones play out. If I'm wrong I'm wrong it won't kill me.

Hawaiii wrote: Hey Chaney

If I were to happen upon this stock today, and did my due diligence, there’d be no way I’d buy it. Too many unknowns.
Why did the price lose >70% over the past year?
Why has the stock dropped >90% from it’s highs? 
Why did the price drop shortly after each of the resource estimates they published?
What’s wrong with the properties?
Why are no majors or producers interested in it?
Why can’t they focus on one property before looking for new discoveries?
Why is the investor base >80% retail? 
If they claim to have billions worth of in-situ metal, why are they worth 20 million?
If they can’t move one of the properties, how can they possibly function with less than 3 million in capital, unless they plan to issue more shares?

Looks like sh*t, smells like sh*t. Yep, it’s sh*t. 

Wouldn’t touch it with your money.