OTCQX:BALMF - Post by User
Comment by
AlternativeViewon Nov 10, 2017 4:28pm
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Post# 26942869
RE:Bought
RE:Bought Good afternoon Montague,
I can certainly sympathize with your plight, as I made the mistake of buying back in a couple of months ago myself, this time in the low 60's. I was anticipating a "normal" fall rally in gold and figured at the time that BAR was undervalued.
I suspect that the market has now simply run out of patience with Wagner. He used to have a great reputation and solid track record. That is why I got into BAR years ago, with some purchases near to $2. This latest batch might go the same way as the last batch: tax-loss selling to offset recent gains in other issues.
I harbour a mental image of valuing junior mining issues as two overlapping charts plotted against time. (Potential) reserves increasing along with shares issued. I fear that the relative slopes of these two curves is now working against BAR shareholders. But then, hope springs eternal even if it is not a worthy strategy.