Balmoral Resources Ltd BALMF

Investors Always Assume The Worst

[AlternativeView]

Here are the 3 possibilities:

1.) The MRE is simply not yet ready or available rom the 3rd party provider;
2.) The MRE is ready and is expected to produce a negative impact on share price;
3.) The MRE is ready and is expected to produce a positive impact on share price;

In the case of #2, the assumption becomes Wagner is hiding under his desk as long as possible.

In the case of #3, the assumption is that Wagner is trying to buy time for his "home-run" swing before BAR is put into play as a take-over target.  This fear might have been reduced with Hecla's recent anouncment to buy KDX.  Hecla now has a diminished treasury, possibly leaving Detour as the only potential suitor in a non-competitive situation.

[kbagai]

Option 2. These guys are known to sit on key releases in hopes of timing the markets correctly. Gold market is depressed, but is doing an OK job to credit companies with high grades. If the MRE is less than 1.0m oz then these guys are DONE. 7 years of drilling with these many ounces tell you that these guys have lived on shareholder's money to pay for their gorceries and diesel. The stock