Balmoral Resources Ltd BALMF

Metals & Mining Industrial Metals & Minerals

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 > Investors Always Assume The Worst

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Comment by kbagaion Mar 22, 2018 5:23am

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Post# 27758959

RE:Investors Always Assume The Worst

Option 2.

These guys are known to sit on key releases in hopes of timing the markets correctly.

Gold market is depressed, but is doing an OK job to credit companies with high grades.

If the MRE is less than 1.0m oz then these guys are DONE. 7 years of drilling with these many ounces tell you that these guys have lived on shareholder's money to pay for their gorceries and diesel.

The stock has done nothing for anyone and will continue towards its run to ZERO. I am sure they will sell the company for 75 cents if they found a buyer today. And then they will say that the stock went from 30 cents to 75 cents in a bad market and we are the HEROS. Garbage.

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