Balmoral Resources Ltd BALMF

RE:Hang on to your hats!

[mountainpose]

Sensible thinking. The 5.7 million shares that came due on Jan 25th. were expected to have a negative effect and nothing happened. I expect the same for the 3.8million due on the 30th. The holders of these share are all accredited investors and are generally longer term holders.Being professional traders they tend to be well connected and informed. Now for an interesting thought. I think it's possible that many trades during the past month were done in anticipation of the price being lower when the shares became available for trading. They were expecting the price to fall. It's likely that a huge block of buyers is ready to pounce wanting to re-establish their positions at these lower prices. No problem with this reasonable trading strategy. These are the final block of shares locked in. The freeing of these shares will increase liquidity and allow, for larger block trades. It also improves the odds of a major taking a position in the company. I personal own a significant position and have no intention of selling. If there is a small dip that holds for a few days I'll add to my position. If the shares move up on Monday or Tuesday I would consider that quite positive. I'm expecting news very soon. What's the point of having held this long and sell now? We shall see in a few days. Whatever you do don't walk around in fear...act on it. At the very least be confident in the company. GLTA