OTCQX:BALMF - Post by User
Comment by
djbon Sep 27, 2017 1:00pm
254 Views
Post# 26748874
RE:How low will it go?
RE:How low will it go?Although long around $0.70, at this point it looks like BAR should trade down to $0.45 by year end.
My reason is as follows,
The cost base for most on the flow through financing will most likely be around $0.45/share after tax advantages applied. This stock will come out by the end of the year, not all but enough to take to the stated level.
The company is no longer selling the sizzle but the steak, no one really cares until a resource estimate is established.
I beleive the Company is not interested in creating a mining company but selling it off in whole or part.
Time is on the side of the buyers and over time sellers toss in the towel.
There seems to be no sense of urgency to create shareholder value, hence no sense of urgency to buy the stock.