Balmoral Resources Ltd BALMF

Ineffective

[Hawaiii]

It 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.

[mountainpose]

I had to think about your comment because I happen to know management very well. They are very competent, but you message does ring true regarding the delays. I'm going to put another twist to this and suggest that it made sense to "put forward" the IRE if it became clear that the resource was much bigger than originally thought. Better a big number with actionable data than a good

[Hawaiii]

Thanks for your reply sir. I’m glad it made you think and I mean no personal offence to anyone by writing this post. I bought into this company based on managements competence and credentials and the belief that this was the best place to invest. As for now, I simply see what’s gone on, and have read the news and the posts that come here. Over the past five or six weeks I have read that we were to

[Hawaiii]

And sorry, I misquoted the timing -  The 12 follow-up Bug NW zone holes will set the timeline for the maiden 43-101 resource on the Martiniere system - if positive (significant, easily delineable gold ounces) look for it in late Q1 2018, if negative early Q1 2018.

[Horsey7]

This post has been removed in accordance with Community Policy

[surveyor2582]

SHOULD HAVE, COULD HAVE, WOULD HAVE. True words spoken by shorters. Try singing, moving forward in 2018 we will do this and that resulting in a higher share price. Time for you to sing a new song shorters because the old one is boring and is no longer applicable.