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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

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Post by montybissett on Mar 14, 2020 2:20am

You guys

are acting like WM only game in town. I realize you own both and have a bias and your totally entitled to your point of view. However KL is also a player in this. I would vote against this deal if WM doesnt deliver the goods over the next 6 weeks. We kind of have a good idea what KL has. However have 0 interest in a KL offer that involves cash. It is just about malfeasance for KL to sit by in my opinion. Having this land package stolen out from under their nose would be bizarre. Mart has just had the surface scratched. Gold still  2,000 an ounce Ca. If you look at the price of shares in Jr sector with most taking a 50% haircut from recent highs. You have gold in Ca dollars down under 10% from highest close. Australia not even down. Even the nickel that has been hammered but still over 7.50 Ca. Aussie dollar over 1.60. You would think they were all drinking Corona beer there and the Island because of global warming was moving toward COMMUNIST China at 50 kilo a day. WM has some great things going for it and also a nickel play. If KL we could keep the nickel. We have been on and off nickel and rightfully so. My concern as I have written about was about where we are today. People can actually see the sky in China right now. The world broke so you wonder if and when this nickel deal will work. The big factor is cost of battery keeps coming down. Incredible asset we are giving away. Also on the plus side WM has serious cash for a Jr and can ride out a serious storm. KL however can ride out a cat 5 hurricane. The WM offer has been great starter and kept the wolves from the door.

glta
Comment by Malpeque2 on Mar 14, 2020 11:03am
KL will probably be the winning bidder for the consolidated asset package someday in the not so distant future.   Meanwhile    you have the chance to make some decent coin in the merger itself as an ARB play as BAR trades most of the time at a decent discount to WM shares at .71 exchange ratio.........AND.........you get to drill up the combined land package and prove up the ...more  
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