OTCQX:BALMF - Post by User
Post by
Hawaiiion Dec 11, 2017 10:34am
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Post# 27130231
Ineffective
IneffectiveIt seems most who post here are wondering why the share price continues to decline, despite drill results that should cause the share price to rise.
Having been a shareholder for about five years now, I can say this - the share price continues to decline solely based on managements ineffectiveness. They have promised an initial resource estimate on Martiniere for a number of years now. As clearly depicted in the December 7 news release, the shell game continues, and the expectations of management to follow through on the promise of said IRE in 2015, 2016, 2017, and now Q1 2018 have again been dashed with the help of smoke and mirrors trickery. The mention of guidance has become laughable - their credibility has become almost non-existent.
Still, they allude to the similarities of Martiniere to Casa Berardi, and effect current shareholders to stay the course. How can one not stay the course when rate of return is now at -40%.
Some non-bullshit, strait forward information should be made available.
Good luck to anyone foolish enough to invest in this company , at this point. Wait til 30 cents, or less.