Balmoral Resources Ltd BALMF

unfortunately got it backwards

[montybissett]

Today we should have had 2 drills out in the nickel after successfully drilling the hell out of the gold over the last 2 years and having a RE out on the gold instead of nickel. The SP would have been significantly higher and we would have raised capital in a less costly manner. That would have allowed us to also have 2 drills out in the gold now also. With a good chunk of the world at negative very hard for Yelling Janet to raise with USA on the ropes with the rest of the world. I didn't think it made any sense to spend millions on the trip to the nickel farm as I didn't think price was sustainable. Hopefully we will get and keep getting significant drops in inventories. It's a fabulous asset hopefully for the future. The most precious commodity we have is the cash in the bank that got a lot costlier. As I have said before if it was worth the millions we spent getting a RE done on nickel it should be able to stand on it's own. As mentioned before our shares outstanding aren't in bad shape if you consider 2 great assets. At very least 1 great one and one pretty good one. As mentioned before I didn't think this was going to go well when I had my one and only conversation with DW aprox 18 months ago. I said shouldn't we put more emphasis on our gold instead of nickel and he said he didn't want to chase the flavor of the day. He is a very nice guy with a great attitude so I didn't feel like saying to him Gee you did just that when you took your eye off the gold and got nickel fever. Then a few months later a fellow at a symposium asked him when the company was going to focus back on the gold and he then said when it matters. DW seems to have had a come to Jesus moment so hopefully we don't take our eye of the ball anymore because the trip to the nickel farm was an expensive one. GLTA