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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

Post by astrorbiton Oct 26, 2018 6:59pm
90 Views
Post# 28880858

Uneventful year.

Uneventful year.Drill results were glossed over. Now 6 of 6 intersected sulphide. No share response.

Nickel is not cooperating.

Might as well wait until a financing at least this would assist in creating a less risky investment.

As it stands there is <5m. The usual financing window and ending the year with $10M is not looking likely.

Starting 2019 with a small drill program of 1.5M then a financing.

The 3rd party negotiations on Martiniere look to be a bust as well.(from may 2018)

A new low for tax loss season....

JV with GTA looks to be a bust.Wonder what happens with BAR's 48%

What a mess.
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