Balmoral Resources Ltd BALMF

The Saga Continues

[Chaulkdust]

Not as pessimistic as Hawaiii, but not gleeful either. However we do have 2 proven resources on the books and in spite of/(because of) the management, the market has us way undervalued. There are many junior explorers way over our measly .17 stock price that have 0 (ZERO) proven assets in ground resources, yet BAR takes it up the butt?  I like the current momentum, if you can forget about the gold screw-ups. Lot of new ground to explore but not enough money to do it justice at this point in time. Still don’t understand why we don’t just drill away like crazy at Grasset and expand the RE we already have? The new discoveries delivered a big 0 in stock price but chewed up ½ of the drill budget.  I know BAR feels like new discoverers is the way to boost stock interest – well that’s WRONG – wake up, the hole previously created is too deep right now.. Be interesting to see what the 1 deep Grasset hole shows and the other 4 holes drilled at Grasset. Probably won’t see a press release until mid-late Feb – assay results back early Feb. If results look good from Grasset we should spend the Winter program on drilling there and expanding the RE. So once again we sit idle and play the waiting game until then. Bottom line is we need cash from some source fairly soon. BAR must be looking but so far have no takers.

However, I must say the recent 2 day activity and volume has been a pleasant surprise.