Balmoral Resources Ltd BALMF

How low will it go?

[surveyor2582]

Anybody?

[Hawaiii]

Not sure that matters entirely. Nice to add position when it does go down, but how high will it go might be a better question.

[surveyor2582]

Gold is finally on the rise again. Up over $1300.

[djb]

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

[surveyor2582]

Thank you for your insight.  I may as well put this one under my mattress for a while. I,m long at $0.78.

[lechon1]

According to the Denver gold forum webcast(now up) they are doing a lot to create shareholder value. Not to mention the renewed interest in Grasset. Next year we should see the real fireworks with an initial resource and or a buyout if these new discoveries are the catalysts for a major to come in. I've been buying more down here and will continue if it goes lower...just too many positives to

[hillbillytrader]

You hit the nail on the head with your last line. I'm not even sure a new discovery with great results would do nothing but give a short spike in the share price and then fall back to sleep. 1 drill doing infill drilling and another out wandering, shameful. Hillbillytrader

[djb]

I posted this about a month ago, it looks like my premonition has come true. Right now I think this Compnay is worth about $50 million, with 135 million shares out that would give it a value around $0.36. I do not think it will get there but low $0.40 through tax loss December for sure.

[Bubbaganoosh]

This will go as low as house 79 (CIBC) wants it to. Quite a ways back i asked if anyone thought it was being manipulated and i have been watching ever since. You can look back at the daily trades and see they hit the low bid when it starts going up and then continue to drive it down. Today is perfect example look at last trade 79 sold 500 for .50 just before close. Thy actually drove it down to