OTCQX:BALMF - Post by User
Post by
Chaulkduston Apr 04, 2019 12:19pm
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Post# 29582511
Where are we headed?
Where are we headed?
Unfortunately I believe BAR is missing the boat again. Look at what happened after discovering the new central GUC zone. Basically nothing – stock price is continuing its slow but steady decline during these periods of no news. Just goes to show that new, relatively meaningless discoveries (no RE), yield zip in shareholder value. Why would anyone buy a BAR resource of any kind now that the market cap is around 18 million(US)? Just buy the whole shebang for 20 million or wait for even a lower price. While nickel will become a driving force, it will take 2 or more years to see the price escalate, given the rate of drain on inventory supply. BAR needs to change its strategy. Don’t see any suitors in sight even though they have been attempting for over a year to find someone. I just hope BAR can exist until the nickel play works out. Going to burn a million or more per year just on salaries/shows, so only a small portion of the new funds will go to infrastructure/drilling . I rather see what’s left of the rest of my investment (which now isn’t much – been eaten away over the last 3 years), be used in expanding the original Grasset site so the existing RE can be grown. I don’t see how they will have enough funds now and in the future to drill enough to come up with a RE at the new central GUC location. Tying the central location to the original Grasset site for a large district scale deposit right now, in my opinion, is just not feasible . Just think of how many holes would need to be drilled (40,50,70, 100?? ) at what cost ( 20-40 million??) where is that money coming from. Interested in hearing your opinions!