Balmoral Resources Ltd BALMF

Metals & Mining Industrial Metals & Minerals

Balmoral Resources Ltd is an exploration stage mining exploration and development company. It is engaged in the acquisition and exploration of gold and base metal properties in Canada. The principal focus of the company's exploration activities are the properties comprising its Detour Trend Project in Quebec.

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Balmoral Resources Ltd > News, $2 million private placement

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Comment by chaneyon Mar 08, 2019 5:26pm

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Post# 29463706

RE:RE:RE:News, $2 million private placement

I was told we would see news in a couple of weeks as to the restart of drilling.....with this news could it it be sooner?

astrorbit wrote: Not shocking. This provides a safety net to "wait"

When is the restart of drilling? Results by June/July? When if there is a a fall winter drill program Fall/winter will push assays to FEB 2020.

So 1 set of results to maintain forward progression.June/July might as well be considered BAR's end of year. Late Dec or early Jan to 10X your shares.Results from Fall/Winter will probably be issued Q1-2020.

This Financing ends speculation of any sort of asset transaction.

July/August will probably have high volume to offload due to the 4 month hold period.