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 > Uneventful year.

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Comment by AlternativeViewon Oct 27, 2018 1:28pm

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Post# 28882395

RE:Uneventful year.

It is still a bit too early for nickel. A good part of the recent LME offtake has gone into private inventories. This is somtimes distinguisued as "invisible" versus "visible nickel stocks" Buyers are not in a rush to drive up their costs any sooner than necessary and games will be played to keep the price of nickel down, for as long as possible.

Plenty of time remains.

A few months ago, I was upset that Martin Turenne at FPX seems to be dragging his feet on advancing the Baptiste project at the Decar Nickel District. Now, I am glad he is taking his time and conserving cash.

Maybe Darrin should just take a holiday for a year or so. Both cash and patience are hard to come by.

astrorbit wrote: 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.