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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 by User

Comment by astrorbiton Sep 10, 2018 4:26pm
64 Views
Post# 28593012

RE:In a perfect of world of back seat driving

RE:In a perfect of world of back seat drivingAvoiding dilution actually caused more dilution.

The staged approach would of worked in a different market(time)

The plan was drill.finance at higher and higher prices. Make a discovery and sell.

A "quick flip" that has now turned into a multiple project generator.

The management was conservative and probably had a plan to just finance by the year.Just enough money to cover their expected expenditure per year.As in "why finance for $50M when the expense for the year is $10M"

This company now is "stuck". Multiple exit plans.Financing then spinout may be a last ditch effort.


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