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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 Chaulkduston Jul 20, 2019 10:26am
103 Views
Post# 29942706

RE:clarification

RE:clarification
Well said Monty. Now let’s hope the blind squirrel gets the nut. Yes I finally can say that it was nice to see the stock bump up, it’s been a long run down the slope. If we do in fact hit something on the 51 boarder while drilling it could be extremely beneficial for BAR and us shareholders. Given BAR’s past record over the last 3 years we need to wait and see if they can designate the correct locations to drill at. They obviously didn’t do a very good job at Fenelon in the past. Hey, they also need to recognize the urgency to drill and get some results back quickly and not squander this window of opportunity. I wonder how deep they plan to go 300m/400m, so maybe 3 – 4 holes? Now is the time to pounce on this opportunity thanks mainly to WM.

With the national/global economies just about ready to hit recession mode, cash will be looking for somewhere to go (like Gold). Having something positive to work on going forward would be quite useful at this point in time. If ES (Sprott), was really smart he would be buying some backup shares of BAR, since he is maxed out on WM at 25% and can’t buy more at this point. Take a gamble that the strike area goes up/threw BAR’s land as well. A small 3% investment in BAR (4.5 million shares –about $630,000 US) would give him at least a small stake if we are successful.  I know the WM shareholders have been buying over the last few days – thus the volume spikes. But he hates buying anything at retail, always looking for special deals. I really like the idea someone mentioned of him building a Mill that both companies could use if something is found.

Definitely could be a game changer, so now we do the wait and see dance. Good Luck To all the BAR shareholders we finally may get a break and see some “Shareholder Appreciation”.  I’m going on a 3 week vacation and try and forget about this all for a while. Hot as heck down here in Florida this time of year, so North I go.
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