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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 > Patience Mr ALLCT
View:
Post by montybissett on Feb 06, 2019 2:24pm

Patience Mr ALLCT

We dug ourselves in a deep hole over last 3 or 4 years and will take us someime to get out. 
Not enough digging however to prove grade deep at Mart. Selling Mart wouldn't be being patient. Bringing in a partner to go deep would be the ticket. Then splitting company would be in order. The slam bam thank you maam crew have to be patient and so do we. We need to prove consistantly grade is deep at Mart. Not going to do that be selling Mart. Someone else will prove that and own it and rightfully so. Grass today is in better shape than a few months ago. Hopefully that will continue.

GLTA
Mr ALLCT

A little lesss critical tody
Comment by Hawaiii on Feb 06, 2019 7:42pm
Mr C I’m no less critical than I was on March 27 last year. But I’m certainly more cynical. Eleven months since that RE and they have done nothing worthwhile. And, eleven months on, still nobody interested in partnering with them to do the deep drilling. And evidently nobody interested in buying the property either. Yeah, I’d rather a partner and spin off balmoral nickel, who wouldn’t. But ...more  
Comment by AlternativeView on Feb 06, 2019 9:57pm
Who is Mr. C? Anyway, at 16 cents for about 150M shares, the market cap of BAR is around $25M.  Is that too high a valuation for the assets they hold?
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