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Bullboard - Stock Discussion Forum Balmoral Resources Ltd BALMF

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.

OTCQX:BALMF - Post Discussion

Balmoral Resources Ltd > We have to remember
View:
Post by montybissett on Jan 31, 2017 4:17pm

We have to remember

The last 5 years have been a been a very difficult time to do a deal like this. I could be wrong but I doubt someone is going to buy nickel and gold together. Possible but we won't be getting top dollar together. So our 125 million shares out for what has been done and found is a very reasonable figure. Timing is everything and if we would have used our nickel hit and big increase in share price and availability to raise millions cheaply off it and used that to keep going in the gold and got our RE out 1 year ago we are doing an Irish gig by now. As mentioned before we put out the wrong RE and the one we put out needed lots more drilling on it before being put out. We have basically had one window in last 5 years to sell if our ducks in a row and that would have taken a lot of luck. That window was last summer. Hopefully we get another shot at it. The company got way to far into nickel and then got worried about dollars and put out a light RE in a bad market. So we ended up in a bit pregnant. No where land. We are now litteraly digging our way out and doing it brilliantly. Would have been nice to see a couple drill holes today. We need to step up our drilling program a tad. We need to raise money when out SP is elevated IMO. Hopefully I'm proven wrong
Comment by cadaval on Jan 31, 2017 7:32pm
You aren't wrong. You're just making sense of the situation. The best to all
Comment by hillbillytrader on Feb 01, 2017 8:08am
Well said monty, the frustration with this company is sometimes head shaking, but hopefully they start steering straight. Best of luck to ev1. Hillbilly
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