BMR 20.0% 15.0¢ ballymore resources limited

Ann: Ballymore awarded $600K in CEI Funding, page-6

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  1. 10,662 Posts.
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    Ballymore is not thin on the ground - and with that funding some will be allocated to the other (than Dittmer) projects which read well.

    But BMR is thin on the ticker board - and it is that low volatility, low free float if you like, which is its hardship.
    IMO it may resolve itself when a few buyers come aboard and see Ballymore as a 'must have' and shake the tree a bit.

    Also the last raise (using royalty as pay back) suggests the board is quite happy with the current holdings, and does not want to dillute them.

    So, this is no-good as a trader stock, but as a long term cash cow, similar to the coal stocks with which it shares board members, if may be hard to equal.

    IMO, and late at night, lol.
    Last edited by JandJ: Best way to get some volatility will be appreciation of $22 mil cap. 02/04/24
 
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