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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 > SIT&WAIT....and wait.

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Post by astrorbit on Nov 02, 2018 8:47pm

SIT&WAIT....and wait.

3.8M cash(sept30/2018)

BAR sold 900,000Shares of WM.

BAR will get some shares of CBLT if GTA/CBLT dividend happens.(which is almost guaranteed,since management is the same)

With 1.6M of flow through for remaining 2018.

Issuing options that are exercisable at .18 <---does this make sense? expiry in 5 years?

6 holes on detour east pending.

Well, enough cash for a small drill program in 2019.

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Comment by Hawaiii on Nov 05, 2018 3:12am

Astro, thanks for the info. Reading the entire M & A as well as keeping up with the information that is posted on the BAR website, you can conclude, or assume, some things. From the site, under "Projects / Martiniere / Introduction" - The Company continues its active delineation of the Bug and Martiniere West gold deposits while continuing to explore its recent ...more

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Comment by chaney on Nov 05, 2018 10:57am

You make valid points. As for 0.17 I think some has to do with them being in the penalty box but I think the bigger sell off has to do with precious metals and base metals sectors jut being out a favour. Even when they put out great news along with other companies putting out great news they just are not be rewarded both sectors are hated right now.

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Balmoral Resources Ltd