OTCQX:BALMF - Post by User
Post by
montybissetton Mar 06, 2019 3:45pm
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Post# 29451691
I have written a few times
I have written a few timesabout splitting the company and rolling back 2 for 1. Aprox 70 M bar gold and 70 M bar nickel
I would only do that with some serious positive news. That hasn't happened for a long time.
Example of a time would have been 15 months ago and announced Bar ni was going to be following the MRE andd drilling out Grass and increasing the MRE. I have 0 interest in splitting and raising money at this price level. If nickel got another 20% drop in inv and a 7.50 on front end of price that would be some serious positive news.
Splittig now to raise money would be another fools errand. That means it is possible DW will do that. Drilling right now is a fools errand. Unless it is a couple holes at Grass. Folks DW has spent 10s of millions of dollars and got back 15 cents on every dollar spent. We need
new money and new ideas. This is not the time for that either. We need to sit and be patient.
We have great assetts that have been terribly managed. When you add lying to the public and bloviating about what is in the ground that is enough. Yes you can add very unlucky to the mix.
We need to sit tight and hope like he.. the price of nickel or gold take off significantly. Looks like our best bet is nickel at this time. I can't see both taking off at same time without serious inflation. You might want to talk about company getting our costs inline with a .14 company. Our costs are inline with a 2.00 company. Forget the drilling talk and talk preservation. Forget the lies about well funded and talk about facts. That could be the conversation that is needed.