Balmoral Resources Ltd BALMF

RE:The reason

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Sad to say, but the best coarse of action right now is to preserve cash.  Fire the entire staff and wait for the next speculative run-up.  Key people can be brough back on temporary contract work, but only as absoilutely necessary.

Drilling can take place year round, so there is no seasonal requirement to drill this summer.  Live to fight another day.

montybissett wrote: they should be drilling at Grass is creds. They have 0 creds in gold market after MRE. Last winter was a complete waste of money. I looked back 3 years ago and the drills went deep at Grass beginning of July 15. They said they neeeded firmer ground to go deep this summer. 
I asked what gives. The answer I got was they are going even deeper and want firmer ground so drilling in August. They were drilling at Grass 3 years ago with inventories close to double. They were drilling at Grass 3 years ago not having a clue how much they had for Grass MRE. They were drilling at Grass 3 years ago when Ni price was significantly lower than now and exchange rate much less. If they drilled deep last winter when I think the ground might have been a tad firm they reintroduce Ni to Bar and market and MAYBE we change the subject from lousy Mart MRE and take advantage of a ton of positive Ni stories over last 6 months. MAYBE we don't have a stock act like a teen. Do you remember hearing positive ni stories 3 years ago. I don't. Just bought another 50 5 mnutes ago BMO Inv. Just a wild guess maybe going real deep @ Grass for an investor to finally bite. 

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