BMB balamara resources limited

1 of the more undesired kind of trading halts.

  1. 95 Posts.
    Stopped by this forum for old times sake, am I glad I sold out when I did, definately no regrets about selling this stock and moving on.


    1. According to quarterlies, this 30m cap companies "administration costs" charged to shareholders is 2 million. Thats 8 million a year folks. Hypothetically with those salaries they could buy this company back and go private in a few years just off their salaries.

    2. Forums were not "pure". With the advent of this latest announcement, some posters have disappeared. Being "unpure" they saw it coming and didn't wish to be around knowing the ire a cr would cause, and the pains to defend it.

    3. Over the years it's the same repeat wash cycle,
    A) Aquire a new project x.
    B) Promote it as the next "best" thing.
    C) Let it fade into the background
    D) Aquire next project y.
    E) Repeat.

    Examples Elsienora, Peelwood, Togo, Bogdan.

    They are aquiring assets, yet SP has been sold down continuously and manipulated. Who benefits from the lions share of assets in the end? Probably who's doing all the manipulating regarding Sp and spinning.

    Good luck Holders I hoped to be proven wrong a couple of months ago and to see some holders like mustang and friends finally get rewarded, but not yet it seems.

    My humble opinion only, thanks for reading.






 
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