OTCQX:BALMF - Post by User
Comment by
Hawaiiion Mar 01, 2019 2:04pm
35 Views
Post# 29430050
RE:RE:RE:RE:Walking in circles...
RE:RE:RE:RE:Walking in circles...Hey Chaney
If I were to happen upon this stock today, and did my due diligence, there’d be no way I’d buy it. Too many unknowns.
Why did the price lose >70% over the past year?
Why has the stock dropped >90% from it’s highs?
Why did the price drop shortly after each of the resource estimates they published?
What’s wrong with the properties?
Why are no majors or producers interested in it?
Why can’t they focus on one property before looking for new discoveries?
Why is the investor base >80% retail?
If they claim to have billions worth of in-situ metal, why are they worth 20 million?
If they can’t move one of the properties, how can they possibly function with less than 3 million in capital, unless they plan to issue more shares?
Looks like sh*t, smells like sh*t. Yep, it’s sh*t.
Wouldn’t touch it with your money.